Financial Controller - Retail

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.