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Provide support to the front end RBD team for timely launch of New stores and ensure the budgeted expansion and topline from new stores are achieved.
The job context of this function is to provide backend support to the RBD frontend team and to liaise effectively with Legal, Projects & Finance teams to ensure sense of urgency to ensure timely launch of new stores.
The major challenges involve coordinating with the internal and external teams and in providing support and guidance to the RBD team in terms of :
• Co-ordinate with Legal team and closure of Due Diligence and execution of contracts and Agreements
• Co-ordinate with Commercial and closure of Commercial (Franchisee) agreements and Reconciliation of store planned for closure
• Track and Circulate timely renewal of leases for the stores
• Track and Circulate Rent Renegotiation Status growing channel. Business through other channels like multi brand outlets and departmental stores are profitable in the short term. There is huge investment in terms of rental deposits and CAPEX.
* Today, the rentals contribute substantially to selling expenses and hence overheads. A little change in the rental rates impacts the profits of the company directly. Moreover since the contracts are usually over a long period of time the rates have financial impact in years to come.
* MG needs to maintain its discipline while acquiring space in this chaos. Establishing processes in an industry that is largely unorganised is a challenge for the role holder
1.On time commencement of store operations
2. Negotiating appropriate Rent Free Period
3. Avoid Dead Rent
4. Sharing of the stamp duties
5. Decision on the right amount of rent per Sft
| KRA (Accountabilities) (Max 1325 Characters) | Supporting Actions (Max 1325 Characters) | |
|---|---|---|
| KRA1 | Internal Support | •To ensure timely project approval from brands •To obtain financial approval from finance team •To obtain legal clearance/approval from legal team |
| KRA2 | External Support | •Maintain good PR with all the Landlords/Developers •Maintain good relationship with the franchisees/MDPs |
| KRA3 | To ensure adherence to systems and processes | •Establish processes and systems and monitor them regularly •Monitor adherence of Statutory Compliances for stores and support the Legal team with documentation • Understanding of commercial part of Retail Business with legal reference • Participate in the contract negotiation, especially for the rental contracts, in order to avoid any legal issues •Structuring of Contracts / Agreements for key transactions •Highlighting risks in Lease agreements and mitigation of risks. |
| KRA4 | Review | •Weekly review with Brands/Project teams to ensure timely launch of stores and circulation of reports •Periodical review with Legal teams to ensure timely closure of due diligence and agreements and circulation of reports •Periodic review with Commercial team to ensure reconciliation & closure of financial transactions of active and closed stores. •Red Flagging project delays |
| KRA5 | Team Management | •Set KRA’s for team members, conduct periodic reviews of performance and provide feedback •Assess skill-gaps, coach team members and • Set KRA’s for team members, conduct periodic reviews of performance and provide feedback • Assess skill-gaps, coach team members and ensure adequate training is provided for in line with needs • Identify non-performers in the team and work out performance improvement plan in consultation with HR • Establish reward/ incentive schemes for team members and significantly distinguish `top’ performers from others |
| KRA6 | Customers Substantially increase Market Penetration | |
| KRA7 | People Great Place to Work |
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 7-12 Years years of relevant experience expected for this role.
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Lead - Lease Management at Aditya Birla Group.
This role requires around 7-12 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.
Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.
You can apply directly using the Apply Now button on this page, which will take you to Aditya Birla Group's application process for this role.