Jewellers Madanlal Chhaganlal

Position Summary: We are seeking a strategic and detail-oriented Financial Controller with deep expertise in retail finance, preferably in jewellery or luxury goods . This is not a routine accountant role —the individual will serve as a key decision-maker , overseeing financial operations, shaping business strategy through analytics, and ensuring robust internal controls and compliance. The ideal candidate must understand seasonal trends, inventory valuation, high-value transactions , and the margin sensitivity typical in luxury retail. Key Responsibilities: 1. Financial Strategy & Reporting Drive budgeting, forecasting, and monthly/quarterly financial reporting. Present MIS and financial dashboards to management with insights and variance analysis. Lead cost optimization initiatives across departments without compromising customer experience. 2. Retail & Inventory Finance Expertise Understand and manage the financial impact of SKU-level inventory , high-value items, dead stock, and returns. Implement strategies to maintain healthy inventory turnover ratio and reduce pilferage/shrinkage. Collaborate with stock and procurement teams for stock valuation and aging analysis. 3. Compliance & Internal Controls Ensure GST, TDS, Income Tax, and other statutory compliances. Strengthen internal financial controls across branches and warehouses. Lead internal and external audits, ensuring no discrepancies. 4. Cash Flow & Fund Management Monitor daily cash flows and recommend working capital strategies. Manage bank relationships, loan repayments, and fund allocations for branches. 5. Business Partnering Act as a strategic advisor to the MD and department heads for financial feasibility of new initiatives, showrooms, or collection launches. Analyze sales data, seasonal patterns , and customer behavior to drive profit-driven decisions. Assist in pricing decisions and promotion strategies based on cost structure and market trends. 6. Team Leadership Supervise a team of accountants and finance executives across locations. Build capacity and provide training on financial systems, retail metrics, and reporting tools. Skills & Competencies: In-depth understanding of retail/jewellery/luxury business dynamics Strong grip on inventory accounting , product costing, and stock movement High analytical skills with expertise in Excel, Tally, ERP systems ; Power BI is a plus Knowledge of taxation, finance law, and compliance Excellent interpersonal and leadership abilities Integrity, discretion, and a strong sense of ownership Preferred Experience: Experience in a multi-branch retail jewellery or luxury product company Exposure to gold schemes, customer EMI plans, or exchange policies is an added advantage Compensation: As per industry standards and experience level.