Job Description
Job Role
This role would entitle for ensuring strong financial governance, process compliance, risk mitigation, and accuracy of transactions across stores, warehouses, and corporate functions. The role acts as a bridge between Finance, Operations, Audit, and Business teams.
Key Roles & Responsibilities
- Financial Controls & Compliance
.Design and implement internal financial controls across retail operations.
.Ensure compliance with company policies, SOPs, statutory regulations, and audit requirements.
.Monitor adherence to approval matrices, delegation of authority (DOA), and financial governance frameworks.
.Identify control gaps and recommend corrective/preventive actions. - Retail Store Controls
.Oversee store-level cash controls, billing controls, refunds, discounts, and promotional adjustments.
.Monitor inventory movement, stock reconciliation, shrinkage, pilferage, and stock variance analysis.
.Ensure daily sales reconciliation between POS systems, payment gateways, banks, and ERP.
.Validate store expenses and vendor payments. - Audit & Risk Management
.Coordinate internal audits and support external/statutory audits.
.Conduct periodic process reviews and surprise checks across stores/warehouses.
.Track audit observations and ensure timely closure of action points.
.Identify operational and financial risks and develop mitigation plans.
- Process Monitoring & Reporting
.Prepare MIS reports related to control breaches, exceptions, losses, and reconciliations.
.Analyze trends in revenue leakage, inventory discrepancies, and compliance deviations.
.Present findings and recommendations to senior management.
.Develop dashboards/KPIs for control effectiveness.
- Reconciliation & Verification
.Review bank reconciliations, sales reconciliations, vendor reconciliations, and inventory reconciliations.
.Ensure accuracy of financial records and transactions.
.Investigate unusual transactions, mismatches, or fraud indicators. - Team & Stakeholder Management
.Collaborate with Store Operations, Supply Chain, Commercial Finance, and IT teams.
.Guide and supervise executives/analysts handling control activities.
.Train store teams on SOPs, compliance practices, and financial discipline.
System & Process Improvement
.Work on automation of checks and controls through ERP/POS systems.
.Strengthen maker-checker mechanisms and exception reporting.
.Participate in process transformation and continuous improvement initiatives.
Skills Required
.Strong understanding of accounting and retail finance operations
.Knowledge of internal controls and audit practices
.Analytical and problem-solving skills
.ERP/POS knowledge (SAP)
.Advanced Excel and MIS reporting
.Attention to detail and stakeholder management
Educational Qualification
CA qualified person with relevant years of experience
