Financial Controller

Finance Controller- NAC JEWELLERY

Financial Reporting & Compliance

• Preparation of monthly, quarterly and annual financial statements as per applicable laws and applicable accounting standards.

• Ensure accurate accounting and recording of gold, diamond, and stone inventory, considering karat, weight, wastage, and valuation.

• Coordinate with statutory, internal, and tax auditors for audits and compliance checks.

• Maintain Books of Accounts in compliance with MCA regulations, and GST norms, especially for bullion and jewellery trade

• Automation possibilities in the accounting function

• Monthly P&L review with the directors

• Revenue Controlling and growth

• Store-wise performance accounting and management

Budgeting, Forecasting & MIS

• Lead annual budgeting and seasonal demand forecasting (festive, wedding seasons, etc.). Monitor actuals vs budgeted sales, margins, and overheads.
• Prepare MIS reports including: Sales vs margin (item-wise / branch-wise), Inventory turnover ratio, Working capital analysis, materials costing, payroll, and compliance.

  Cash Flow & Treasury Management

• Maintain relationships with banks for - Overdrafts, CC limits, or term loans.
• Negotiate terms and monitor interest, stock statements, and drawing power calculations.
• Prepare documents for loan renewal and compliance with bank covenants.
• Manage bank loan facilities with scheduled repayments and interest tracking.
• Oversee daily cash flows, high-value customer advances, and gold purchase payments.
• Ensure optimum working capital utilisation, especially in managing stock and vendor payments.
• Receivables management

Inventory Accounting & Valuation

• Oversee inventory accounting (karat-wise, purity-wise, and category-wise).

• Ensure accurate valuation of finished goods, bullion, and raw gold.

• Reconcile physical inventory with books during stock audits and surprise checks.

• Coordinate verification

  with operations for barcoding, loss tracking, and hallmark verification

  Taxation & Regulatory Compliance

  Preparation of a compliance framework for the company

1. Adherence and monitoring of the compliance universe

2. Submission of the compliance report to the Directors of the company

1. Internal Controls

   & SOPs

• Design and enforce SOPs for purchases, sales, and vendor payments, employee payments, etc.
• Update the SOPs from time to time

1. Team Management

• Lead the accounts, taxation, and MIS team across HO and branches.
• Ensure timely closure of books, branch reporting, and inter-branch reconciliations.
• Conduct regular training on tax updates, accounting system usage and compliance.

Industry

• Retail Luxury Goods and Jewelry

Employment Type
Full-time