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.
Company Description Jewellers Madanlal Chhaganlal (JMC) is a distinguished family-owned jewelry business with a heritage dating back to 1949. Renowned for their commitment to integrity, tradition, and exceptional craftsmanship, JMC has garnered a prestigious reputation in the gems and jewelry industry over three generations. The Nagar family significantly expanded the brand's presence in 2013 by inaugurating an additional store on MG Road in Indore. JMC prides itself on offering timeless and high-quality pieces, combining tradition and innovation to deliver an unmatched customer experience. Role Description This is a full-time, on-site internship position based in Indore. As an Intern at Jewellers Madanlal Chhaganlal, you will assist with various tasks including engaging with clients, supporting the team in sales operations, conducting market research, and collaborating on projects related to jewelry design, merchandising, and marketing. You will also support operational duties to ensure seamless store functioning and gain valuable industry experience in a dynamic environment. Qualifications Excellent communication, interpersonal, and customer service skills to engage with clients effectively. Strong organizational and multitasking skills to assist with daily sales and operational activities. An interest in jewelry trends, fashion, and design to contribute creatively to projects. Basic knowledge of market research, marketing, or business processes is a plus. Proficiency in using standard office tools and basic computer skills. Proactive attitude, willingness to learn, and ability to work in a team-oriented environment. Currently enrolled in or recently graduated from a program in Business, Marketing, Design, or related fields is a bonus.