Overview
Assistant Manager – Finance Operations Jobs in Mumbai Metropolitan Region at Tata CLiQ Fashion
Title: Assistant Manager – Finance Operations
Company: Tata CLiQ Fashion
Location: Mumbai Metropolitan Region
Tata CLiQ is the flagship digital commerce initiative of the Tata Group. It is a multi-category e-commerce platform, operating across categories such as Fashion, Footwear and Accessories, Beauty, and Luxury. It has a unique omnichannel marketplace model offering customers the convenience of quicker delivery (by shipping from store), easy pick-up and returns, across 1,200+ brands and 1,000 stores in 100+ Indian towns and cities.
At CLiQ:
We obsess over customer delight.
We are out there to find an alternate way of doing e-commerce.
We carry an attitude to develop a culture of learning and continuous improvement, both for people and processes.
We believe in Uncomfortable Transparency.
We will always be respectful, empathetic, and caring about the well-being of our teams.
we encourage experiments and creativity in Technology.
We develop and use technology to enhance day-to-day life and have a positive impact on customers.
We encourage experiments and creativity in Technology.
We are committed to strengthening diversity, equity, and inclusion at the workplace through an enabling environment, supportive work-life policies for employees, and a culture that welcomes differences and creates a sense of belonging. We strive to create a work environment where all employees can develop and grow to achieve their full potential. We are an equal opportunity employer and are committed to maintaining respect and dignity for all”
Job Description:
The role involves setting-up and streamline the finance processes with respect to Quick Commerce Operations of Tata Unistore Limited (launched recently through Big Basket) including creating and updating templates to monitor the Inventory Buying details, Status of Payments to Vendors, Inventory ageing and DOI monitoring, Sales to Big Basket and collections received against the same, monitor profitability and margin sharing with Big Basket. The Quick Commerce initiative is in a scale-up phase and expected to expand significantly by Mar.25.
Key Deliverables:
Vendor Payments Monitoring:
Create and update templates to track total buys for Quick Commerce (QC), including vendor-wise and purchase order (PO)-wise details.
Ensure accurate mapping of payments against these details and highlight any delays or discrepancies in vendor payments based on agreements.
Sales and Collection Tracking:
Develop and update templates to monitor sales to Big Basket and collections from Big Basket, based on sales data on the platform.
Identify and report delays or discrepancies in collections.
Stock Management:
Track and highlight high-aged stock that is eligible for return to vendors.
Margin Monitoring:
Monitor gross margins related to Big Basket sales and identify gaps compared to agreed margins with brands.
Accounting and Reconciliation:
Prepare and provide calculations for raising credit or debit notes related to price drop support for brands and Big Basket.
Manage day-to-day accounting operations
Audit & Controls:
Participate in internal and external audits.
Support the implementation of internal controls and processes.
Process Improvement:
Identify opportunities to streamline financial operations and improve efficiency.
Support automation initiatives for financial processes.
Stakeholder Management:
Collaborate with cross-functional teams to provide financial insights.
Assist in addressing queries from internal and external st…
