Manager - Business Economics and Finance
Location
Secunderabad | India
Job description
We are seeking a Manager - Finance to play a critical part in maintaining the financial health of our startup by ensuring accurate cost estimates, strategic pricing, and effective financial management for our e-commerce marketplace. By incorporating competitor analysis and business planning into the finance role, we gain a strategic edge, fostering informed decision-making, robust financial planning, and a resilient business model in the competitive landscape of home design & build e-commerce marketplace. Additionally the person needs to be collaborative and should employ a multifaceted approach in optimising UI/UX , designing custom reports, integrating financial systems, analysing data, and refining workflows to contribute significantly to the financial health and operational success of the our e-commerce marketplace.
KEY RESPONSIBILITIES
Competitor Analysis
- Conduct thorough competitor analysis to identify strengths, weaknesses, opportunities, and threats in the home design & build e-commerce market.
- Analyse competitor pricing strategies, product offerings, and customer engagement to refine the startup's competitive positioning.
Business Plan Creation - Develop comprehensive business plans that outline the startup's mission, vision, and financial strategies for sustainable growth in the home design & build sector.
- Incorporate market research, financial projections, and risk assessments to present a compelling and strategic roadmap.
Strategic Positioning - Utilise competitor analysis findings to strategically position the startup in the market, identifying unique selling points and areas for differentiation.
- Align business plans with market dynamics, ensuring adaptability to industry changes and emerging trends.
Financial Projections - Integrate detailed financial projections into business plans , outlining revenue forecasts, cost structures, and profit margins.
- Provide stakeholders with a clear understanding of the startup's financial trajectory and potential return on investment.
Risk Mitigation Strategies - Identify potential risks through competitor analysis and market trends, and incorporate risk mitigation strategies into business plans.
- Anticipate challenges and outline proactive measures to navigate uncertainties in the e-commerce space.
SWOT Analysis - Conduct SWOT analysis to systematically evaluate the startup's internal strengths and weaknesses, as well as external opportunities and threats.
- Use SWOT insights to fine-tune business plans, emphasising strengths and addressing areas of improvement.
UI/UX Optimization - Work closely with developers to enhance the user interface and experience of financial processes within the e-commerce platform, ensuring user-friendly interactions for financial tasks related to our line of business.
Customised Reports Design - Design and implement tailored financial reports that cater to the unique requirements of the e-commerce marketplace business, providing stakeholders with real-time and accurate insights into project finances.
Seamless Financial System Integration - Collaborate with the development team to seamlessly integrate financial systems within the e-commerce platform , fostering a cohesive and efficient ecosystem for managing housing construction transactions and data.
Financial Data Analysis - Analyse financial data derived from the e-commerce platform to extract meaningful insights, enabling informed decision-making and strategic planning for the housing construction startup.
WorkflowÂOptimisation - Establish and maintain streamlined financial workflows, ensuring efficiency in processes related to budgeting, cost tracking, vendor management, and other financial aspects critical to the success and growth of the startup.
Budgeting and Cost Estimation - Develop comprehensive budgets for house construction projects, considering materials, labour, permits, and overhead costs.
- Conduct detailed cost estimations to provide accurate financial forecasts for each project phase.
Vendor Management - Source and evaluate quotes from various suppliers and contractors for construction materials and services.
- Negotiate favourable terms and establish cost-effective partnerships to optimise project expenses.
Product Pricing Strategy - Analyse market trends and competitor pricing to determine competitive yet profitable rates for building material products.
- Implement pricing models that balance affordability for customers while ensuring the viability and sustainability of the business.
Breakdown of Costs - Categorise costs into direct (materials, labour) and indirect (permits, administrative) expenses for transparent financial tracking.
- Utilise cost breakdowns to identify areas for cost optimisation and efficiency improvements.
Earned Value Analysis (EVA)- Implement Earned Value Analysis techniques to assess project performance against the budget and schedule.
- Monitor project milestones, identify deviations, and take proactive measures to ensure financial objectives are met.
Profitability Assessment - Evaluate the overall profitability of each project by comparing actual costs against estimated budgets.
- Adjust pricing strategies and cost structures based on project performance to enhance overall business profitability.
Financial Reporting - Design and generate reports that provide a clear overview of financial performance, cost structures, and pricing strategies.
- Communicate financial insights to key stakeholders, aiding in informed decision-making.
Viable Selling Rates - Determine optimal selling rates by factoring in production costs, market demand, and competitive positioning.
- Regularly reassess and adjust pricing strategies to maintain competitiveness and financial sustainability.
Regulatory Compliance - Stay informed about local building codes and regulations to ensure that all construction activities adhere to legal requirements.
- Factor regulatory compliance into cost estimations to avoid unforeseen expenses.
PERSON SPECIFICATION
Qualifications, Experience & Knowledge - Qualified Cost Accountant with significant practitioner experience in a startup ecommerce business environment.
- 10+ years of overall experience with a minimum of 5 yrs of relevant experience in a startup.
- Experience of contributing to the development of financial strategy.
- Solid knowledge of MS Suite, CRM & Accounting Softwares
Skills & Abilities - Budget / Financial Management - highly developed skills in financial management and good business acumen. Excellent knowledge of data analysis, forecasting and financial models.
- Problem Solving & Decision Making - ability to analyse complex situations and have the courage to make difficult decisions and implement them.
- Relationship Building - ability to build and maintain constructive relationships with key internal and external stakeholders.
- Communication - highly developed communication with strong presentation and interpersonal skills.
- Data driven - ability to define and track KPIs that really matter to the business.
- UI / UX - ability to define required custom financial reports
- Ability to contribute at strategic and operational levels across multiple business streams.
- Ability to work with the senior leadership team to organise, plan and achieve financial goals for the business.
- Ability to read markets based on supply and demand.
Personal Qualities - Strong commitment to organisation values and ethos.
- Ability to demonstrate Aalaya's values of excellence, transparency, care and innovation.
- Self motivated and confident in own ability to achieve results
- Personal integrity and honesty.
- Customer focussed
- Team player able to work collaboratively within the group and across business units / functions.
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