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Lead Financial Controller

weekday-1Bengaluru, Karnataka, India
On-site Full-time ₹3M/yr - ₹4M/yr

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Experience Level

Manager

Qualifications

To succeed in this role, you will need:A proven track record in financial control and accounting practices. Expertise in managing large-scale retail financial operations. Strong analytical and problem-solving skills. Excellent communication and leadership abilities. Experience in compliance with relevant financial regulations and standards.

About the job

Join a leading retail operation as a Lead Financial Controller!

Salary Range: ₹30,00,000 - ₹40,00,000 per annum

Minimum Experience Required: 6 years

Location: Bengaluru

Employment Type: Full-time

The Lead Financial Controller will spearhead the development and management of the financial control framework essential for supporting a rapidly expanding retail operation with 1000 stores. This role emphasizes excellence in reporting, strict adherence to control standards across diverse locations, and the establishment of a robust financial infrastructure that promotes swift and informed decision-making. Collaboration with executive leadership will play a critical role in governance, board reporting, and building a finance function that is scalable and audit-compliant from the beginning.

Key Responsibilities:

1. Financial Reporting & Closing Discipline:

  • Manage the monthly, quarterly, and annual closing processes.
  • Ensure financial statements are accurate, timely, and relevant for decision-making.
  • Maintain the integrity of the Profit & Loss statement, balance sheet, and cash flow.
  • Implement and uphold rigorous reconciliation and closing procedures.
  • Ensure full compliance with Ind AS and all statutory requirements.

2. Retail Accounting Framework Design and Governance:

  • Oversee FOFO franchise economics and settlements.
  • Manage financials for COCO stores.
  • Handle accounting for warehouses and inventory.
  • Analyze store-level profitability and unit economics.
  • Administer trade promotions, schemes, and discount structures.
  • Manage franchise commissions and incentive programs.
  • Provide multi-layered financial visibility across different operational levels.

3. Internal Controls & Governance:

  • Establish a strong Internal Financial Control (IFC) framework.
  • Promote control discipline across all operational levels.
  • Identify, evaluate, and mitigate financial risks.
  • Create standard operating procedures, audit trails, and process documentation.
  • Maintain an environment that is consistently ready for audits.

4. Audit & Regulatory Compliance:

  • Lead statutory, internal, and tax audit processes.
  • Manage relationships with auditors and external advisors.
  • Ensure adherence to GST, Companies Act, and other regulatory requirements.
  • Facilitate the timely resolution of audit findings.

5. Excellence in Finance Operations:

  • Oversee and enhance core finance operations including Accounts Payable and Receivable.
  • Manage the General Ledger and related closing processes.
  • Coordinate inventory accounting.
  • Supervise financial workflows across stores and warehouses.

About weekday-1

weekday-1 is a dynamic company specializing in providing innovative solutions for the retail sector. With a commitment to excellence and growth, we partner with our clients to drive success and optimize their financial operations.

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