Financial controller -Retail

RECEX Pvt. Ltd.; Khordha; On-site; INR 4,000,000 - 7,000,000; Full time

Job summary

RECEX Pvt. Ltd. in Odisha seeks a seasoned Financial Controller to lead finance for the Retail division. You will drive FP&A, inventory optimization, and cash flow management, partnering with merchandising and store teams to improve profitability.

Key duties include overseeing accounting, compliance, risk management, and a high-performing finance team, with strategic input on store openings and real estate decisions. CA/CPA with 8-12+ years' experience preferred.

Qualifications

• CA/CPA/ACCA preferrred MBA; strong educational foundation in finance and accounting.
• 8–12+ years of progressive financial management experience, preferably in multi-unit retail, FMCG, or e-commerce.
• Proficient in ERP systems (SAP, Oracle, NetSuite) and strong financial modeling.
• Strong commercial awareness, cross-functional leadership, and ability to communicate complex data to executives.

Responsibilities

• Lead annual budgeting, long-term strategic plans, and rolling forecasts for retail operations.
• Track KPIs including GMROI, same-store sales growth, inventory turnover, and shrinkage.
• Oversee accounting, ledgers, A/P/ A/R, payroll, and compliance with tax regulations.
• Manage working capital, supplier terms, and cash flow for multi-unit stores.
• Provide data-driven insights to senior leadership on real estate decisions and store performance.

Skills

Cross-functional leadership

Clear communication

Financial modeling

Commercial acumen

Education

Bachelor’s degree in Finance/Accounting/Economics

MBA or CA/CPA/ACCA preferred

Tools

ERP systems

POS data integration

Job description

Role Overview

Financial controller -Retail
CA

• Position Title:Head of Finance / Finance Director (Retail)
• Reports To:Chief Financial Officer (CFO) or Managing Director
• Department:Finance and Accounts
• Industry Focus:Retail, E-commerce, or Consumer Goods

Key Responsibilities

Retail Financial Planning & Analysis (FP&A)

• Lead annual budgeting, long-term strategic plans, and rolling forecasts tailored to seasonal retail cycles.
• Track Key Performance Indicators (KPIs) including Gross Margin Return on Investment (GMROI), same-store sales growth, inventory turnover, and shrink rates.
• Evaluate store-level profitability, regional performance, and omnichannel (online vs. in-store) revenue streams.

Inventory & Working Capital Management

• Partner with merchandising and supply chain teams to optimize inventory levels and reduce holding costs.
• Monitor cash flow cycles, supplier payment terms, and working capital requirements.
• Assess markdowns, promotional pricing effectiveness, and margin impacts.

Accounting, Compliance & Risk Management

• Oversee daily accounting, general ledgers, accounts payable/receivable, and payroll.
• Ensure compliance with local tax regulations, GST/VAT, and financial reporting standards.
• Manage internal controls to prevent fraud, asset loss, and inventory shrinkage.

Leadership & Strategic Advisory

• Manage and mentor the finance and accounting team.
• Provide data-driven insights to senior leadership for real estate decisions (e.g., opening new retail outlets or closing underperforming stores).
• Lead the vendor relationship management for external audits, banking, and legal tax advisors.

Qualifications & Requirements

• Education:Bachelor’s degree in Finance, Accounting, or Economics; MBA or professional certification (CA, CPA, or ACCA) is strongly preferred.
• Experience:8 to 12+ years of progressive financial management experience, with at least 3 to 5 years in a multi-unit retail, fast-moving consumer goods (FMCG), or e-commerce environment.
• Technical Skills:Advanced proficiency in financial modeling, ERP systems (e.g., SAP, Oracle, NetSuite), and retail POS data integration.
• Soft Skills:Strong commercial awareness, cross-functional leadership, and clear communication skills to present complex data to non-financial executives.