Sr Executive – Retail Commercial (North)

Job Purpose

Job Purpose Description

Job Context & Major Challenges

Retail Commercial involves playing a key role in supporting for New Store Opening, monitoring day- to-day running of the stores. Involves responsibility in the evaluation of Store Opex (new and renovation) as well as Closure of Stores. The job holder acts as the single point of contact between stores & finance team of the organization. Majorly involves coordination of activities related to the Commercial function in connection with new store opening, Franchisee agreement franchisee payout settlement collection of Cash Deposit Bank Guarantee MIS reports

The Major Challenges Involved Are

• Coordinating with the franchisee and Ops for collection, operational issues, commission, incentive payment and any other related matter. Also getting periodic reconciliation done of accounts
• Coordinating with the brand on salary debit of store employees placed on Adecco payrolls to ensure salary debit is accounted to respective store and employee. If any wrongly salary was debited get it account in respective store and employee with the help of brand
• Reviewing the Stores related expenses which are as per the policy & within Budget and give input for cost cutting.ed expenses which are as per the policy & within Budget and give input for cost cutting.
  
  

Key Result Areas

KRA (Accountabilities) (Max 1325 Characters) Supporting Actions (Max 1325 Characters)

KRA1 Reduce Receivables of Franchisee and Retail stores

• Reduce Receivables of Franchisee and Retail stores from 4 days to 3 days
• Coordination with stores for daily deposit of all Cash Collection.
• Coordination with stores for Credit Card settlement on daily Basis
• Cover all franchisees from cheque pickup to cash pickup
  
  

KRA2 Maintaining relationship with Mall / Landlord

Franchisee relationship

• Meeting with mall Management Team. Understanding the issues & sorting out the same with the Help of Ho
• Meeting with Franchisee. Understanding the issues & sorting out the same with the Help of Ho
• Approval of Trade Credit notes
• Monitoring of Schemes
  
  

KRA3 Showrooms

• Reimbursement of Expenses within 7 working days
• Support Store Manager in enforcement of process and policies as may be laid down from time to time across the region and measure their compliance.
  
  

KRA4 New Store Opening

• Ensuring Installation of EDC & Cash Pickup, Insurance and Legal Compliance as per defined timeline
  
  

KRA5 Store Closure

• Ensuring store closure process is followed and ensure no monitory loss due to non compliance
  
  

KRA6 Approval of Repairs & Maintenance at Regional Office

• Approved the expenses as per Capex Policy & approved budget.
  
  

KRA7 Franchisee accounts Signoff

• Periodic account reconciliation, Ensuring Signoff and obtaining NOC as per policy
  
  

KRA8 Legal

• Ensuring availability of all legal certificates and notices at stores.
  
  

KRA9 Store Visit

• Fortnightly Visit to stores.
• Facilitate and support all Stores with requisite commercial and legal inputs to ensure smooth functioning of stores