Job Details

Assistant Manager, FP&A


Date Opened: 07/11/2019

Job Type:

Job Number: 1900035U

Job Description

Who We Are:

HBC is a diversified global retailer focused on driving the performance of high quality stores and their all-channel offerings, growing through acquisitions, and unlocking the value of real estate holdings. Founded in 1670, HBC is the oldest company in North America. HBC?s portfolio today includes formats ranging from luxury to premium department stores to off price fashion shopping destinations, with more than 480 stores and over 40,000 employees around the world.


HBC?s leading banners across North America and Europe include Hudson?s Bay, Lord + Taylor, Saks Fifth Avenue, Saks OFF 5TH.


HBC has significant investments in real estate joint ventures. It has partnered with Simon Property Group Inc. in the HBS Global Properties Joint Venture, which owns properties in the United States and Germany. In Canada, it has partnered with RioCan Real Estate Investment Trust in the RioCan-HBC Joint Venture.


The HBC India corporate teams focus on Finance & Accounting, Technology, Merchandising, and Shared Service operations.  HBC?s entrance into this market has expanded the company?s global footprint and further established HBC as a truly global retailer.


The teams in the India office play an integral role in supporting HBC?s strategic plan. Bengaluru?s workforce has deep experience in a variety of areas, including finance and accounting, technology, as well as other shared services and will support HBC?s operations on an ongoing basis.  


You can learn more and view available positions in Bengaluru, by visiting


What This Position Is All About:

The Associate will be responsible for supporting internal accounting and reporting team in HBC India including General Accounting and Financial reporting, Internal Financial Control, Payroll, Accounts Payable, Intercompany, Fixed Assets, treasury, taxation and accounts reconciliation activities. The associates would also need to handle tax related activities for HBC India including but not limited to calculation of appropriate taxes: GST, Corporate Income tax, Advance tax, Transfer pricing, Payroll taxes, and Withholding taxes. This role will be responsible for recording all transactions within HBC India?s financial system (Tally) and to ensure the overall integrity and accuracy of financial reporting. The role will be a key participant in the financial close / reporting process for HBC, and will work to continuously improve and optimize the process. Together with this, the candidate would be required to ensure adherence to local and statutory compliance and timely reporting to coordination with various stakeholders.


The role will work both with stakeholders within HBC India, as well as with the accounting and tax team in in North America to support consolidation of local Indian financial results into HBC?s overall financial records. The role will be a key participant in the financial close / reporting process for HBC and ensuring timely tax and statutory compliance for all the HBC entities and will work to continuously improve and optimize the process.


The incumbent must demonstrate a high degree of attention to detail, as well as strong financial and taxation acumen, including knowledge of local tax laws along with knowledge of international taxation.

Who You Are:
  • Proactive self-starter with a dynamic and resilient nature able to work and lead in a fast-paced environment
  • Ability to manage multiple priorities simultaneously with strict adherence to deadlines
  • Able to think out of the box and challenge the status quo while being extremely well organized and detailed oriented with demonstrated follow-up skills
  • High degree of attention to detail and focus on the integrity of accounting and reporting of financial transactions and results.
  • Strong customer service skills, for both internal and external customers
You also have:
  • Chartered Accountant or equivalent or MBA Finance
  • Strong financial aptitude with Min 6-8 years of work experience in FP&A profile with MNCs/GICs, with preference to Retail industry focused on General Accounting, Financial Reporting, Payroll and other transactional Finance activities
  • Experience in the development and implementation of internal accounting processes as part of a ?startup? operation in a Shared Service / MNC environment.
  • Strong working experience in Tally
  • Strong proficiency in Microsoft office suite (Word, PowerPoint, Excel)

As the Assistant Manager, FP&A, you will:

  • Budgeting and Forecasting: Preparing, presenting and updating the budget for HBC India and reporting any deviation
  • Interacting with stakeholder and guiding them on budgeting for their respective functions
  • Budget consolidation for the entity
  • Presentation of Budget to the senior management
  • Coordination with North American stakeholder for budget submission and approval
  • Knowledge of financial accounting and cost allocation
  • MIS and Reporting ? Developing and managing reporting structure for HBC India finance?s to both external and internal stakeholder
  • Preparing budget vs Actual variance and presenting to the senior management
  • Preparation of cost reports and support month-end and year-end close process in accordance with HBC policies and timetables.
  • Provision of financial results to support preparation of overall HBC consolidated results in accordance with agreed format/timelines
  • Ensures compliance with HBC?s financial policies and internal controls framework

How Often You May Travel:

  • NA

Your Life and Career at HBC:

  • Be part of a world-class team; work with an adventurous spirit; think and act like an owner-operator!
  • Exposure to rewarding career advancement opportunities, from IT to Human Resources, Merchandising to Finance.
  • A culture that promotes a healthy, fulfilling work/life balance

Job Qualifications

Thank you for your interest with HBC. We look forward to reviewing your application.


HBC provides equal employment opportunities (EEO) to all employees and applicants for employment.