The Asia Pacific region, with a growing economy and burgeoning population, is seen as a tremendous opportunity both for multinationals and local retail companies looking to expand regionally.For both, success hinges on their ability to achieve high performance driven in large measure by excellence in the finance function.
Look at finance as a function not finance as in money, but finance as a function ie a finance team.Finance function is important in any business, either it is a retail organization or money changer company. Finance is necessary for the management of money and other assets. I don’t think any retail company can run without money and assets.
Within retail finance there are two core functions. The central finance function gathers and presents financial information to internal management and ensures that its financial systems are in line with legislation. The commercial finance function is concerned with analysing financial information as a way of measuring company performance and making recommendations for the future.
The most finance professionals working in the retail sector have been with the industry for some time, largely due to a passion for the trade or brand. However, as the economy emerges from the recession, the financial services started to appeal to and sought talent aggressively, leading to an demand of talent from the retail industry.
As the role of the finance function in corporate decision-making becomes ever-increasingly important, so the demands on finance professionals are rising.
Recruitment activity for finance positions was fairly active and growing across junior to mid and senior -level managers, particularly due to store expansions and increased workload for back-office functions. Key roles being recruited for included financial planning analysis, financial controller, pricing analyst,Head finance,Head accounts,audit,with salaries ranging between Rs10,20,40 lac.for more positions in retail finance sector ,pls visit www.hand2handsolutions.in
