Aditya Birla Fashion and Retail Ltd.
Website:
abfrl.com
Job details:
Store Selection and Spend (Capex)
- Responsible for evaluation of the capex / IRR and approval of the store
- Defining the norms of making of payment as advance with LOI,
Security deposit and ensuring adherence to the same
- Tracking of stores planned for opening vs actual, tracking of
delays, dead rent etc for new stores and renovations.
- Approving of capex and keeping record of the commitments,
spends, approvals, against budget and norms, checking against
over spend and tracking of progress.
- Coordinating with RBD, legal, Project and Brand for getting the
store opened in time for related financial issues.
Stores (Opening/Running/Closure)
- Responsible for store opening activities from finance perspective,
checking of legal compliance, payments to landlord, bank for
cash/cheque/credit card etc
- Responsible for day end, collection reconciliation of cash, credit
card & PV against daily sales at stores.
- Coordinating with the regional commercial team for their day to
day activities and giving guidance and support in implementation of
various process and policies.
- Recommend unviable store closure based on performance criteria
as defined by the business. Settle accounts based on agreement
with landlord with Retail Ops and ensure recovery of security deposit
from LL with RBD, Telephone Co and Electricity Board, as may be
applicable
- Be a single point of contact for stores, retail ops and finance,
approve expenses
Click on Apply to know more.