Kushals Retail - Financial Controller

Description:

The Finance Controller is responsible for the accuracy and integrity of financial records, ensuring compliance with regulations, manages financial reporting, and provides financial analysis to support strategic decision-making.

Responsibilities:

Financial Planning and Analysis:

- Lead the development and monitoring of annual budgets, financial forecasts, and long-term financial plans.

- Conduct in-depth financial analysis, including variance analysis, profitability analysis, and KPI reporting.

- Align financial goals of the Annual Operating Plan (AOP) with business objectives.

- Track sales performance by channels and regions, identify revenue growth drivers and assess the impact of discounts, promotions, and loyalty programs on profitability.

- Evaluate ROI for retail store expansion, e-commerce scaling, and marketing investments.

- Support strategic decisions on pricing, expansion, and funding.

- Provide financial insights and recommendations to support business decision-making.

Financial Reporting & Compliance:

- Ensure accurate and timely preparation of financial statements (IFRS/GAAP) and management reports.

- Oversee all statutory, tax, and regulatory compliance, including filings.

- Manage both internal and external audits.

- Identify and mitigate financial risks.

- Maintain strong internal controls (SOX, IFC) and risk management frameworks.

Cost Optimization & Business Finance:

- Drive cost reduction initiatives and improve operational efficiency.

- Evaluate the financial impact of strategic initiatives and business decisions.

- Manage vendor relationships, payment processes, and insurance.

Treasury & Working Capital Management:

- Oversee cash flow management, fund management and banking relationships.

- Optimize working capital, including accounts receivable, accounts payable, and inventory management.

- Manage credit risk and implement effective credit control policies.

- Ensure compliance with foreign exchange regulations, financial derivatives, and hedging strategies.

- Review and negotiate bank loans, overdraft limits and interest rates for financial optimization.

Financial Systems & Process Improvement:

- Lead the implementation and optimization of financial systems (ERP, financial automation tools, Power BI, etc).

- Develop and implement SOPs for financial controls, reporting and governance.

- Lead process re-engineering initiatives to improve financial workflows and decision-making.

Candidate Profile:

- Bachelor's degree in Accounting, Finance, or a related field, Master's degree or professional certifications.

- CA-certified (mandatory) from ICAI.

- 35 years of post-CA experience in FC or core finance roles.

- Experience in retail, e-commerce, FMCG, or multi-store business models.

- Preferably part of the IPO journey preparing documentation, audit readiness, internal controls, due diligence, or financial restructuring.

- Experience in managing a finance team and leading financial operations.

- Expertise in Financial Reporting & Analysis, FP&A and Business Finance.

- Strong knowledge of SAP, Oracle, Power BI and financial automation tools.

- Hands-on experience with taxation, audits, risk management and compliance.