About SuperK

SuperK is building Bharat's most efficient value retail chaindesigned for the next 500 million consumers. We bring up-to-date, organized retail to underserved Tier 35 towns through a sharply focused model: high-velocity assortments, deep value pricing, and capital-efficient store formats powered by a strong supply chain backbone.

We bring modern, organised retail to underserved Tier 35 towns through a sharply focused model: high-velocity assortments, deep value pricing, and capital-efficient store formats powered by a strong supply chain backbone. With 150+ stores, a growing E-Com presence, and deep customer love, we are reimagining how India shops. Our model blends FOFO (franchise-led scale) and COCO (company-led control) to expand rapidly while maintaining unit economics discipline.

Backed by marquee investors like Blume Ventures and XEED Ventures, we are scaling fast and with a clear path to 1000 stores in the next 5 years.

The Role:

The Financial Controller will build and own the financial control architecture of SuperK designing systems, processes, and governance required to scale a 1000-store retail business.

You will drive reporting excellence, enforce control discipline across a distributed network, and build a finance backbone that enables high-speed, high-quality decision-making.

You will work closely with leadership on governance, board reporting, and building a finance function that is audit-ready, scalable, and institutionally strong from day one.

Responsibilities

1. Financial Reporting & Close Discipline

- Own the full financial close cycle monthly, quarterly, and annual with zero tolerance for delays
- Deliver P&L;, balance sheet, and cash flow that are accurate to the rupee, decision-ready on day 5 of every month
- Build and enforce a formal closing checklist, reconciliation framework, and sign-off protocol across all entities
- Ensure full compliance with Ind AS across all recognition, measurement, and disclosure requirements
- Produce management accounts, board packs, and investor-grade financials that tell the business story clearly
- Establish variance analysis discipline: every line item explained, every deviation owned
- Build a finance calendar that the entire organization works to audit timelines, GST deadlines, ROC filings, and board cycles all coordinated

2. Retail Accounting Architecture

- Design and govern the accounting framework for FOFO (franchise-owned, franchise-operated) stores: commission structures, margin-sharing models, settlement cycles, and franchisee payable reconciliation
- Own COCO (company-owned, company-operated) store accounting: store-level P&L;, shrinkage tracking, expense attribution, and unit economics reporting
- Build multi-level financial visibility from store cluster region company, enabling performance management at every level
- Design inventory accounting across 4 warehouses: FIFO/WACC policy, slow-moving and dead stock provisioning, inter-warehouse transfers, and WMS-to-ERP reconciliation
- Govern trade promotion accounting: scheme accruals, vendor credit notes, promotional discounts, and debit note reconciliation with FMCG brand partners
- Handle omni-channel revenue recognition correctly: COCO store sales, FOFO pass-through, e-commerce, quick commerce, and loyalty point accounting
- Establish a standard store opening accounting checklist and a store closure/exit accounting protocol
- Build the financial architecture to support future formats, geographies, and channel expansions without structural rework

3.



Internal Controls & IFC Framework

- Design and implement a comprehensive Internal Financial Controls (IFC) framework covering all material financial statement risks
- Build and document SOPs for every core finance process: procure-to-pay, order-to-cash, record-to-report, inventory management, and payroll
- Establish control matrices for stores, warehouses, and Head Office with clear ownership, frequency, and escalation paths
- Implement a continuous control monitoring system; controls must not exist only on paper
- Drive surprise store-level financial reviews and warehouse reconciliation audits on a rolling basis
- Build an audit trail infrastructure that makes every journal entry, approval, and exception traceable
- Maintain a risk register covering financial, compliance, and operational risks reviewed and updated quarterly
- Ensure zero repeat observations across statutory and internal audits through root-cause driven remediation

4. Audit & Regulatory Compliance

- Lead all statutory audits, tax audits, and GST audits end-to-end without dependence on external consultants for day-to-day management
- Own GST compliance across 15+ state registrations: GSTR-1, GSTR-3B, GSTR-9, GSTR-9C, ITC reconciliation, and e-way bill compliance for intra- and inter-state movements
- Manage TDS/TCS compliance: deduction, payment, filing, and reconciliation across all vendor and franchisee payments
- Handle ROC filings, board resolutions, and Companies Act compliance in coordination with the Company Secretary
- Ensure compliance with FSSAI, Shops & Establishment Act, and labour laws as applicable to retail operations
- Manage relationships with statutory auditors, internal auditors, and tax advisors
- Drive timely and complete closure of all audit observations
- Proactively stay ahead of regulatory changes (GST amendments, Ind AS updates, Companies Act amendments) and implement necessary changes before deadlines

5. Finance Operations Excellence

- Own Accounts Payable end-to-end: vendor onboarding, three-way matching (PO-GRN-invoice), payment terms governance, and vendor reconciliation at scale
- Own Accounts Receivable: franchisee settlement accounting, e-commerce platform reconciliation, and collections tracking
- Build a General Ledger discipline that makes the COA a strategic asset structured to deliver store-level, category-level, and channel-level profitability without manual reformatting
- Drive working capital excellence: DPO management with FMCG vendors, DSO management, and inventory-to-cash cycle optimization
- Own payroll accounting and compliance: TDS on salaries, PF, ESI, gratuity provisioning, and labour law compliance across multi-state headcount
- Build a month-end checklist that eliminates surprises: prepaid amortizations, accruals, depreciation, provision reviews, and intercompany eliminations

6. Systems, Data & Automation

- Own the ERP architecture for finance: chart of accounts design, cost center/profit center structure, and integration with POS, WMS, and HRMS systems
- Drive Zoho Books (current ERP)



to its full potential and assess when and whether to migrate to a more scalable ERP platform
- Build a real-time MIS framework: store-level daily sales, weekly gross margin, and monthly P&L; delivered on schedule without manual intervention
- Design and implement automated reconciliation workflows: bank reconciliation, GST ITC reconciliation, vendor statement matching, and inter-system reconciliation
- Establish data governance standards: master data integrity for vendors, SKUs, cost centers, and GL codes
- Identify and implement automation across AP processing, month-end close, MIS generation, and compliance filings to reduce manual effort by 60%+ as the business scales

7. Team Building & Finance Leadership

- Establish a performance-driven finance culture: deadlines are sacred, accuracy is non-negotiable, and every team member understands the 'why' behind their work
- Serve as the primary finance partner to Operations, Supply Chain, and Business Development leaders

What We Are Looking For 1. Qualification

- Chartered Accountant (CA) Institute of Chartered Accountants of India
- 6 to 8 years of post-qualification experience with at least 3 years in a controllership role
- Demonstrated experience in financial close, IFC design, and statutory audit management
- Working knowledge of GST: multi-state registrations, ITC reconciliation, and annual return filing
- Hands-on with an ERP system Zoho Books, SAP, Oracle, or equivalent

2. Core competencies

- Financial acumen: deep understanding of accounting standards, financial statements, and the numbers behind a retail P&L;
- Process architecture: ability to design systems and workflows that work at 1,000-store scale, not just today
- Control mindset: someone who sees gaps and immediately thinks about how to close them permanently
- Ownership orientation: takes full accountability for outcomes does not wait for instructions or escalate minor decisions
- Stakeholder communication: can translate complex financial information for Operations, Board, and Investors clearly and confidently
- Urgency and pace: comfortable operating in a fast-moving environment where priorities shift and timelines are tight

3. Strongly preferred experience

- Retail, FMCG, D2C, or multi-location business understanding of store economics, inventory accounting, and trade promotions is a significant advantage
- Franchise business models experience with FOFO/franchisee accounting, settlement structures, and partner-facing financial reporting
- High-growth or scale-up environments experience of building finance systems from scratch, not just inheriting them
- Multi-state GST compliance management
- ERP implementation or migration has designed a COA, mapped integrations, and trained teams on a new system

4. Personality and culture fit

- Builder, not maintainer finds more energy in creating systems than in managing existing ones
- Direct communicator calls out risks and problems early, does not bury bad news
- Detail-obsessed and deadline-driven understands that in finance, accuracy and timeliness are the same thing
- Collaborative but firm works well across functions but does not compromise on control standards under operational pressure

The SuperK Opportunity SuperK is entering a rapid scale-up phase. This role sits at the core of that journey.

You will build the financial control foundation of a 1000-store businessensuring scale does not come at the cost of discipline, accuracy, or governance.

If done right, this role doesnt just run financeit defines how the company scales.

📌 Lead - Financial Controller (Omni-Channel Retail) (Bengaluru)
🏢 SuperK
📍 Bengaluru