Job description *
Financial Record Keeping:Maintain accurate and up-to-date financial records, including income statements, balance sheets, and cash flow statements.
Record and reconcile daily sales, returns, and inventory transactions.
Financial Analysis:Analyze financial data to provide insights into sales trends, gross margins, and operating expenses.
Prepare financial reports and performance summaries for management.
Budgeting and Forecasting:Assist in the development of annual budgets and financial forecasts for the fashion retail business.
Monitor budget vs. actual performance and provide recommendations for cost control.
Inventory Management:Track inventory levels, turnover rates, and assess the value of inventory on hand.
Help in identifying slow-moving or obsolete inventory and recommend action plans.
Expense Management:Review and verify expense reports, ensuring compliance with company policies.
Identify opportunities for cost reduction and process improvements.
Compliance:Ensure compliance with industry-specific accounting standards, tax regulations, and financial reporting requirements.
Prepare and submit tax filings as required.
Financial Audits:Coordinate and support external audits as needed, ensuring all financial data is accurate and accessible.
Cash Management:Monitor daily cash flow, manage banking relationships, and optimize cash positions.
Recommend investment strategies for surplus funds.
Vendor Relations:Maintain relationships with suppliers and negotiate favorable payment terms.
Ensure timely and accurate payment processing.
Financial Software and Systems:Proficiency in using accounting software and point-of-sale (POS) systems specific to the retail industry.
Job Type: Full-time
Pay: ₹15,000.00 - ₹35,000.00 per month
Work Location: In person
