Associate - Financial Accounting

Tesco Bengaluru; Bengaluru; Hybrid; INR 600,000 - 800,000; Full time

Benefits offered by this job

Performance Bonus

30 days of leave

Health and Insurance benefits

Mental Wellbeing support

Financial coaching services

SAYE programme

Job summary

Tesco Bengaluru is looking for a candidate to manage store shrink-related activities, ensuring accurate accounting treatment and resolving operational queries. You will collaborate with cross-functional teams to maintain financial integrity through reconciliations and drive continuous improvement in inventory processes.

The role requires a bachelor's degree in commerce or finance, along with basic accounting knowledge and proficiency in Microsoft Office. The position supports a hybrid working model, allowing flexibility between remote and in-person work.

Qualifications

• Bachelor’s degree in a relevant field.
• Basic accounting knowledge (Journal entries, Debits/Credits).
• Understanding of inventory accounting and store operations.

Responsibilities

• Resolve store shrink-related queries using ticketing platforms.
• Prepare and post shrink-related accounting corrections.
• Understand inventory movements and their impact on store shrink.

Skills

Basic accounting knowledge

Understanding of inventory accounting and store operations

Proficiency in MS Office (Excel, Word)

Basic knowledge of SQL

Experience with ERP/accounting systems

Education

Bachelor’s degree in Commerce, Accounting, Finance, or related field

Job description

About the role

The role is responsible for managing store shrink‑related activities, ensuring accurate accounting treatment, resolving operational queries, and maintaining financial integrity through reconciliations and process improvements. The candidate will work closely with cross‑functional teams to ensure accurate reporting, compliance, and continuous improvement in inventory and shrink processes.

Key Responsibilities

1. Store Shrink & Query Resolution
   • Resolve store shrink‑related queries using Zendesk or other ticketing platforms.
   • Investigate discrepancies in store shrink and provide timely resolutions.
   • Coordinate with relevant stakeholders to ensure closure of issues.
2. Accounting & Financial Processing
   • Apply basic accounting principles (Debit/Credit, Control Accounts) while recording transactions.
   • Prepare and post shrink‑related accounting corrections.
   • Ensure accurate processing of financial transactions in relevant systems.
3. Inventory & Operational Knowledge
   • Understand inventory movements and their impact on store shrink.
   • Analyze operational data to identify root causes of shrink variances.
   • Collaborate with operations teams to ensure accurate recording of inventory transactions.
4. Reconciliations & Controls
   • Prepare and maintain balance sheet reconciliations in line with best practices.
   • Identify and highlight accounting issues during reconciliation and propose solutions.
   • Ensure adherence to risk assessment methodologies and internal controls frameworks.
   • Maintain accuracy in financial records to avoid unexpected balance sheet fluctuations.
5. Reporting & Tracker Management
   • Maintain and update various operational and financial trackers.
   • Ensure completeness and accuracy of data used for reporting.
   • Meet strict timelines for reporting deliverables.
6. Continuous Improvement & Process Excellence
   • Identify opportunities for operational improvements using CI tools and techniques.
   • Drive process enhancements to improve efficiency and accuracy.
7. Team Collaboration & Culture
   • Work collaboratively with colleagues and stakeholders to achieve team objectives.
   • Support onboarding and act as a buddy for new joiners.
   • Provide training and guidance to team members to improve overall performance.
   • Demonstrate integrity by adhering to the Business Code of Conduct.
8. Stakeholder Management
   • Engage with internal stakeholders across finance, operations, and IT.
   • Build strong working relationships to support business objectives.
   • Communicate effectively to resolve issues and drive alignment.
9. Career & Development
   • Take ownership of personal development and career progression.
   • Seek guidance from the line manager for career planning.
   • Understand individual objectives, priorities, and performance metrics and work towards exceeding them.

Required Skills & Qualifications

• Bachelor’s degree in Commerce, Accounting, Finance, or related field.
• Basic accounting knowledge (Journal entries, Debits/Credits, Reconciliations).
• Understanding of inventory accounting and store operations.
• Proficiency in MS Office (Excel, Word).
• Basic knowledge of SQL (preferred).
• Experience with ERP/accounting systems (preferred).

Benefits

• Salary – Your fixed pay is the guaranteed pay as per your contract of employment.
• Performance Bonus – Opportunity to earn additional compensation bonus based on performance, paid annually.
• Leave & Time‑off – Colleagues are entitled to 30 days of leave (18 days of Earned Leave, 12 days of Casual/Sick Leave) and 10 national and festival holidays, as per the company’s policy.
• Retirement & Savings – In addition to Statutory retirement benefits, Tesco enables colleagues to participate in voluntary programmes like NPS and VPF.
• Health & Insurance – Tesco promotes programmes that support a culture of health and wellness including insurance for colleagues and their family. Our medical insurance covers dependents including parents or in‑laws.
• Mental Wellbeing – We offer mental health support through self‑help tools, community groups, ally networks, face‑to‑face counselling, and more for both colleagues and dependents.
• Financial Wellbeing – Through our financial literacy partner, we offer one‑to‑one financial coaching at discounted rates, as well as salary advances on earned wages upon request.
• Save As You Earn (SAYE) – Our SAYE programme allows colleagues to transition from being employees to shareholders through a structured 3‑year savings plan.
• Physical Wellbeing – Our green campus promotes physical wellbeing with facilities that include a cricket pitch, football field, badminton and volleyball courts, along with indoor games, encouraging a healthier lifestyle.

Employee Experience

At Tesco Bengaluru, we are proud to be a Disability Confident committed employer, offering equal opportunities for all candidates and encouraging applicants with disabilities to apply. Our recruitment process is fully accessible, and we provide reasonable adjustments during interviews to ensure everyone has the chance to succeed.

Our hybrid model allows you to work flexibly—spending 60% of your week collaborating in person at our office locations or local sites, and the rest of the time working remotely.