Head Finance & Commercial

PeopleStrong; Mumbai; On-site; INR 6,000,000 - 9,000,000; Full time

Job summary

Novel Jewels in Mumbai Chembur seeks a strategic Finance & Accounts leader to partner with the CEO, define the financial roadmap, and steer capital allocation and FP&A across multi-location retail operations.

You will oversee governance, taxation, audits, budgeting, and treasury, while driving automation and risk-mitigated growth initiatives. CA/MBA with 20+ years’ experience preferred.

Qualifications

• Finance and accounting leadership experience at senior level.
• Strong strategic and financial planning capabilities.
• Experience in governance, compliance, and FP&A.

Responsibilities

• Define financial strategy with CEO and leadership aligned to objectives.
• Drive capital allocation, investments, and growth planning.
• Represent the company in board and group finance discussions.
• Ensure compliance with Companies Act, FEMA, RBI and internal frameworks.
• Oversee taxation, corporate accounts, AP, and audits; maintain audit readiness.
• Lead budgeting, forecasting and long-range planning; drive FP&A insights.
• Manage cash flow, working capital, and banking relationships; hedging strategies.
• Oversee retail commercial operations, payments automation, and vendor controls.
• Collaborate on customer schemes; ensure viability, risk assessment and compliance.
• Develop risk, liquidity, and operational frameworks; ensure insurance coverage.
• Mentor a high-performing finance team and drive continuous improvement.

Skills

Finance

Accounting

Business Strategy

Business Planning

Financial Analysis

Auditing

Financial Reporting

Job description

Country India

State Maharashtra

Worksite Novel Jewels – Chembur Office

Function Finance & Accounts

Skills

Skill

Finance Accounting Business Strategy Business Planning Financial Analysis Auditing Financial Reporting

Chartered Accountant

CERTIFICATION

Job Description

Essential Duties and Responsibilities

1. Strategic Financial Leadership

• Partner with CEO and leadership team to define financial strategy aligned with business objectives.
• Drive capital allocation, investment decisions, and financial planning for growth initiatives.
• Represent the company in board meetings, and group-level finance discussions.

2. Governance & Compliance

• Ensure adherence to statutory regulations, Companies Act, FEMA, RBI guidelines, and internal governance frameworks.
• Oversee taxation management, corporate accounts, accounts payable, and statutory audits through the Financial Controller function.
• Maintain audit readiness across all finance and bullion operations.
• Ensure timely filing of returns and compliance with regulatory authorities.
• Lead annual budgeting, forecasting, and long-range planning.
• Drive FP&A to deliver actionable insights on profitability, store performance, and cost optimization.
• Monitor KPIs and financial health metrics to support strategic decisions.

4. Treasury & Liquidity Management

• Manage cash flow forecasting, working capital, and banking relationships.
• Optimize capital structure and funding strategies for cost efficiency.
• Oversee FX and bullion hedging strategies to mitigate price volatility.
• Establish policies for bullion procurement and price risk mitigation.
• Implement hedging strategies using commodity exchanges and financial instruments.

6. Commercial Oversight

• Oversee retail commercial operations, ensuring financial discipline and process efficiency.
• Drive automation of payment processes, vendor contracting, and marketing spend controls.
• Ensure robust governance for franchisee financial operations and store-level commercials.

7. New Scheme Implementation

• Collaborate with Retail and Merchandising teams to design and implement innovative customer schemes.
• Ensure financial viability, risk assessment, and compliance for new initiatives.
• Lead financial planning and risk mitigation for schemes like "Double Rate Protection" in gold pricing, ensuring accurate hedging and alignment with bullion sourcing strategy.
• Develop and maintain frameworks for bullion price risk, liquidity risk, and operational risk.
• Ensure insurance coverage for assets, operations, and supply chain.
• Drive compliance with internal controls and regulatory standards.
• Champion automation in finance processes, reporting, and analytics using ERP and BI tools.
• Implement technology-driven solutions for treasury, risk management, and FP&A.
• Build and mentor a high-performing finance team across all sub-functions.
• Foster a culture of accountability, innovation, and continuous improvement.

Critical Competencies for Success

• Strategic Financial Leadership – Align financial strategy with business growth and profitability goals.
• Treasury & Risk Management– Manage liquidity, bullion sourcing, FX, and price risk effectively.
• Commercial Acumen– Drive cost efficiency and negotiate favorable terms across retail and HO.
• Governance & Compliance– Ensure statutory adherence, corporate accounts, taxation, and audit readiness.
• Analytical & FP&A Expertise – Deliver insights for budgeting, forecasting, and performance improvement.
• Digital Finance Transformation – Leverage ERP, BI tools, and automation for process excellence.
• Stakeholder Management– Influence leadership and external partners for strategic decisions.
• Innovation in Financial Solutions – Enable new schemes like Double Rate Protection with risk mitigation.

Person Profile

• Education– Chartered Accountant (CA) or MBA in Finance; CFA preferred.
• Experience –20+ years in Finance role and 8-10 years on experience in Finance leadership, with retail/multi-location exposure.
• Industry Preference– Luxury retail, FMCG, or consumer businesses.