JALEEL AFSAR
Bengaluru
Summary
Dynamic finance professional with a proven track record at Myntra Jabong, excelling in financial analysis and vendor negotiation. Achieved improvement in inventory management while streamlining processes to enhance P&L. Adept at data analysis and fostering collaborative relationships, driving significant operational efficiencies and cost reductions.
Overview
10
10
years of professional experience
Work History
Associate - Business Finance
Myntra Jabong India Pvt Ltd.
11.2018 - Current
- Signing off on the commercials with vendors, achieving a 3% improvement in IM compared to the previous year.
- Negotiated and transitioned vendors to Supply Chain Financing (SCF), resulting in working capital savings.
- Aligned Turnover Incentives (TOI), where applicable, contributed to a 20-bps improvement in JFM year-over-year.
- Planned monthly inwards inventory by allocating Open-to-Buy (OTB) budgets.
- Analyzed platform performance based on the seasonal mix of OSM and NSM, considering platform profitability and freshness.
- Led the inventory and marketplace vendor onboarding team from 2019 to 2022.
- Contributed to the business finance team, with core responsibilities including data analysis, performance evaluation of vendors, and delivering daily, weekly, monthly, and quarterly reports.
- Analyzed aged and non-aged inventory, and executed Return-to-Vendor (RTVS) and liquidation strategies for aged inventory, resulting in a 76-bps improvement in inventory health.
- Allocated rebates to sellers for above-and-beyond discount uploads during both BAU and events.
- Analyzed and improved vendor funding, fostering growth for both Myntra and brands, with a 4.5% improvement.
- Collaborated with unbranded sellers, helping them improve sales performance.
- Performed ROI calculations, and managed investments.
- Preparation of P&L at the platform level.
- Analyzed and improved TD to benefit the P&L.
- Streamlined processes to eliminate financial leakages, positively impacting the P&L.
- Managed four audit controls, providing necessary samples and evidence.
- Reconciled contractual and actual marketing income.
- Stakeholders: AP & AR Team, Treasury, Monetization Team, Business Team (Category), Warehouse Team, Tech & Product Team, Legal and Compliance, Internal and External Auditors, Seller Support Team, and Catalogue Team.
Aggregator Manager
Chai Point
01.2016 - 01.2018
- Worked with the store manager to develop and execute a store budget that resulted in a 20% reduction in overhead costs.
- Worked with all the aggregators, like Zomato, Swiggy, Food Panda, and Uber Eats, for pricing and cataloging.
- Achieved online sales goals consistently over a period of 12 months, resulting in a promotion to Online Business Manager.
- Created reports and performed reconciliation with the aggregator's reports.
Education
MBA - Finance
Mysore University
Bengaluru01.2015
Skills
- Financial analysis
- Inventory management
- Vendor negotiation
- Performance evaluation
- P&L management
- Process improvement
- Audit compliance
- Data analysis
- Budget planning
Accomplishments
- Make it happen award, AMJ 2022
- Promoted from senior officer to associate manager
- Great Together award, JFM 2023
- Make it happen award, OND 2024
- Make it happen award, JFM 2025
Languages
- English
- Hindi
- Kannada
- Telugu
- Tamil
- Urdu
Timeline
Associate - Business Finance
Myntra Jabong India Pvt Ltd.
11.2018 - Current
Aggregator Manager
Chai Point
01.2016 - 01.2018
MBA - Finance
Mysore University
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