Finance Manager

1 day ago

Punkunnu Thrissur Kerala, India Elite Supermarket Full time

Position Title: Finance Manager

Department: Finance & Accounts

Reports To: General Manager / Chief Financial Officer

Location: Punkunnam, Thrissur

Employment Type: Full-time

Job Summary

The Finance Manager will oversee the financial operations of the supermarket, ensuring accurate financial reporting, effective budget management, cost control, and compliance with accounting standards. The role involves supervising accounting staff, analyzing financial data, supporting strategic decisions, and ensuring the overall financial health of the supermarket.

Key Responsibilities1. Financial Management & Reporting

  • Prepare monthly, quarterly, and annual financial statements.
  • Maintain accurate general ledger accounts and reconcile financial discrepancies.
  • Prepare financial reports for management, including profit & loss statements, cash flow statements, and balance sheets.
  • Ensure timely closing of accounts.

2. Budgeting & Forecasting

  • Prepare annual budgets in collaboration with department heads.
  • Monitor budget variances and provide recommendations for corrective action.
  • Develop financial projections and cash flow forecasts.

3. Cost Control & Inventory Management

  • Monitor and analyze operating costs, shrinkage, and variances.
  • Work closely with the procurement and store operations team to manage inventory valuations and stock audits.
  • Identify cost-saving opportunities and improve operational efficiency.

4. Compliance & Audits

  • Ensure compliance with financial regulations, tax laws, and internal policies.
  • Coordinate internal and external audits.
  • Prepare tax returns, VAT filings, and other statutory submissions.

5. Payroll & Vendor Management

  • Oversee payroll processing and ensure timeliness and accuracy.
  • Monitor accounts payable and receivable.
  • Review supplier invoices, contracts, and payments to ensure compliance with financial policies.

6. Team Leadership

  • Supervise and guide the accounting/finance team.
  • Conduct performance evaluations and identify training needs.
  • Foster a culture of accuracy, accountability, and continuous improvement.

7. Strategic Support

  • Provide financial insights to support strategic planning and decision-making.
  • Evaluate store performance and profitability of different product categories.
  • Support expansion, investment, and pricing decisions.

Qualifications and Requirements

  • Bachelor's degree in Accounting, Finance, or related field (Master's degree or professional certification such as CPA, ACCA, or CMA preferred).
  • Minimum 5+ years of experience in financial management, preferably in retail or supermarket operations.
  • Strong knowledge of accounting standards and financial regulations.
  • Proficiency in accounting software (e.g., QuickBooks, Tally, ERP systems).
  • Advanced Excel and analytical skills.
  • Excellent leadership, communication, and problem-solving abilities.
  • High level of integrity and attention to detail.

Key Competencies

  • Financial analysis and reporting
  • Budgeting and forecasting
  • Inventory and cost management
  • Regulatory compliance
  • Team leadership
  • Strategic thinking
  • Time management and organization

Working Conditions

  • Office-based with frequent interaction with store operations.
  • May require extended hours during month-end closing, audits, or peak business periods.

Job Type: Full-time

Pay: ₹25, ₹40,000.00 per month

Experience:

  • total work: 1 year (Preferred)

Work Location: In person

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