Puma India
Puma India | Assistant Manager Commercial Finance (Wholesale)
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Job Highlights
Responsibilities
- Own and manage the complete Profit & Loss (P&L) for the assigned business unit.
- Partner closely with Business Heads and Sales teams to drive achievement of revenue, margin, and EBIT targets.
- Monitor business performance through regular financial reviews and provide actionable insights to improve profitability.
- Identify risks and opportunities impacting financial performance and proactively recommend corrective actions.
- Lead annual budgeting, periodic forecasting, and long-range planning processes for the business unit.
- Conduct variance analysis against budgets and forecasts, highlighting key business drivers and recommending interventions.
- Support strategic decision-making through financial modelling, scenario analysis, and business case evaluations.
- Working Capital & Receivables Management.
- Drive working capital optimization with a strong focus on Accounts Receivable and Days Sales Outstanding (DSO).
- Collaborate with Sales and Customers to ensure timely collection of receivables and resolution of payment-related issues.
- Monitor credit exposure and escalate risks impacting cash flow and collections.
- Partner with reconciliation teams to ensure timely closure of customer reconciliation issues.
- Engage directly with customers to resolve complex finance-related disputes, deductions, and outstanding issues.
- Ensure accurate accounting and commercial compliance across customer transactions.
- Support Business Heads on strategic initiatives, growth opportunities, pricing decisions, customer negotiations, and profitability improvement projects.
- Provide financial insights and recommendations to enhance operational and commercial effectiveness.
- Act as the primary finance contact for business teams and customers on finance-related matters.
- Controls, Compliance & Risk Management.
- Work closely with Internal Audit, Loss Prevention, and Control teams to strengthen financial governance and minimize leakages.
- Ensure compliance with accounting policies, internal controls, statutory requirements, and company SOPs.
- Drive process improvements, automation initiatives, and standardization of finance processes.
- Performance Reporting & Management Review.
- Develop, track, and review business KPIs on a daily and periodic basis.
- Prepare and present business reviews, financial performance reports, and management dashboards to senior leadership.
- Working Capital performance and DSO management.
- Timely closure of customer reconciliations and dispute resolution.
Requirements
- Similar experience in Business finance and commercial role.
- Self-motivated, Great people skills to manage and work with internal and external stakeholders.
- Ability to think innovatively and provide quick solutions to business problems.
- Ability to bring changes to current processes through robust SOP’s and automations.
- Good managerial skills and ability to lead a team.
- Good understanding of accounting standards and GST.
- Excellent working knowledge of excel is a must.
- Ability to handle and comprehend huge data.
- Experience in retail industry and working knowledge of SAP would be an advantage.
- Open to domestic travel and ability to close issues with the customer independently.
- Advanced Microsoft Excel and financial analytics.
- Ability to analyse and interpret large data sets.
- Knowledge of automation (SQL, Python, AI tools) and reporting solutions is an added advantage.
- Experience with SAP preferred
About the company
PUMA SE
Puma was founded in 1948 by Rudolf Dassler in Herzogenaurach, the Bavarian town where he and his younger brother Adolf had run a shoe business, Gebrüder Dassler Schuhfabrik, since 1924. When the brothers split, Adolf went on to found Adidas, while Rudolf first registered his company as Ruda before renaming it Puma Schuhfabrik Rudolf Dassler. Puma has been a public company since 1986 and its shares trade on the Frankfurt Stock Exchange. It designs and sells sports footwear, apparel and accessories, and has owned the golf brand Cobra Golf since 2010. In India the business is run by Puma Sports India Private Limited, incorporated in 2005 and headquartered in Bengaluru, where teams work in marketing, product, finance, HR, wholesale, sourcing, retail and e-commerce.
Finance hiring in Bengaluru covers commercial finance for the wholesale business, accounts receivable and order-to-cash combined with business finance, third-party accounts and indirect tax. Most roles are at senior associate and assistant manager level and are meant for recently qualified Chartered Accountants with up to two years of experience. There are also industrial trainee openings in finance and in taxation (GST) for students pursuing CA with ICAI who are eligible for industrial training under the institute's guidelines.
