JOB DESCRIPTION: Job Title: Financial Controller Location: Kolkata Department: Finance & Accounts Reports To: Head- Finance Job Summary: We are looking for a highly analytical and hands-on Financial Controller to oversee financial operations across our retail stores. This role is pivotal in maintaining financial accuracy, ensuring compliance, and driving operational efficiency in a high-volume, fast-turnover environment Key Responsibilities: 1. Inventory Control: - End to end responsibility for regular Stock Checks at all locations including checks as required by auditors. - Review Post Inventory Holding Value (PIHV) processes to ensure accurate valuation of perishable and non-perishable stock done by Store Manager - Lead cycle count programs across stores and DC to maintain inventory accuracy - Collaborate with store and warehouse teams to reconcile physical vs. system inventory, especially for high-turnover items 2. Develop & Implement SOPs across the Company to strengthen commercial processes and reduce loss. 3. Cash & Banking Operations: - Supervise daily cash verification across grocery outlets, including float management and end-of-day reconciliation - Coordinate secure bank pick-up schedules and ensure compliance with cash handling protocols along with new store alignment. - Investigate any issues raised by Finance. 4. Loss Prevention & Commercial Audit: - Implement and monitor loss prevention controls to reduce shrinkage from spoilage, theft, and operational errors etc. - Conduct commercial audits to assess compliance with financial and operational standards, across all stores with a frequency of once a month - Analyse shrinkage trends and work with store managers to implement corrective actions 5. Tender Reconciliation: verify collections through various payment methods like cash, credit cards, digital wallets, and more-against the sales recorded in the Point of Sale (POS) system. 6. Insurance: New Store alignment, renewals of Insurance, coordinating with insurer for any raise/ claim. 7. Audit: render support as and when required.

Kolkata

Financial Controller - Retail 

Job Description for Financial Controller - Retail  in The Search Partner in  Kolkata for (5-7) years of experience. Apply Now!