Job Description

Chief Financial Officer (CFO)

Industry:

Fine Jewellery / Luxury Retail

Location:

Mumbai, Maharashtra, India

Reporting To:

Chief Executive Officer (CEO) / Board of Directors

Role Summary

We are seeking a seasoned and strategic

Chief Financial Officer (CFO)

to lead the financial operations and strategic direction of our fine jewellery brand in the highly competitive Mumbai and national market. The ideal candidate will be a

Chartered Accountant (CA)

with deep experience in the jewellery, luxury retail, or FMCG sectors, possessing a nuanced understanding of

commodity risk, working capital management (especially high-value inventory), and GST/regulatory compliance

in India. This role is a strategic partner to the CEO and Board, responsible for driving profitable growth and financial health.

Core Responsibilities & Deliverables

1. Strategic Financial Planning & Analysis

Strategy & Growth:

Act as a key strategic partner to the CEO and executive team in formulating the company's future direction, business plans, and financial strategy to accelerate growth and market share in India and potentially international markets.

Budgeting & Forecasting:

Direct and oversee the preparation of all financial forecasts, budgets, and operational planning. Conduct

in-depth variance analysis

and provide actionable commercial insights to drive profitability across retail stores, e-commerce, and manufacturing.

Pricing Strategy:

Develop and manage complex pricing models, considering

commodity fluctuation (Gold/Diamond), making charges, customs duties, and GST

, to ensure competitive positioning and optimal margins.

2. Treasury & Working Capital Management

Inventory & Security:

Due to the high-value nature of the jewellery business, be solely responsible for

optimizing and securing high-value inventory

(precious metals and gemstones) and ensuring efficient management of its financing, storage, and movement.

Cash Flow Optimization:

Lead all treasury functions, including cash flow forecasting, management of banking relationships in Mumbai, debt structuring, and maintaining a robust working capital cycle.

Risk Management:

Develop and implement strategies to manage financial risks, including

foreign exchange exposure (for raw material imports)

, interest rate risk, and commodity price hedging.

3. Reporting, Compliance & Taxation (India Specific)

Regulatory Compliance:

Ensure all financial practices are in compliance with

Indian Accounting Standards (Ind AS)

, SEBI (if publicly listed/preparing for IPO), RBI guidelines, and all applicable local, state, and central government regulations in India.

Taxation:

Oversee all direct and indirect tax compliance, with a deep focus on

GST regulations specific to gold, diamond, and silver jewellery

(including input tax credit management and multi-state retail compliance).

Statutory Audits:

Manage relationships with external auditors and ensure the timely, accurate, and transparent preparation and submission of all financial statements and reports.

4. Technology & Team Leadership

Digital Transformation:

Lead the evaluation, implementation, and optimization of

ERP systems

(e.g., SAP, Oracle, Tally) and financial technology platforms to enhance internal controls, reporting efficiency, and data security.

Team Leadership:

Lead, mentor, and develop the finance, accounting, and taxation teams, fostering a culture of high performance, accuracy, and compliance.

Required Qualifications & Experience

Education:

Chartered Accountant (CA)

qualification is mandatory. An MBA in Finance from a premier institution (IIM/ISB/equivalent) is highly desirable.

Experience:

Minimum of

15+ years

of progressive experience in finance, with at least

5 years

in a CFO or Head of Finance role for a company of significant size.

Mandatory experience in the Fine Jewellery, Luxury Retail, or a related sector

(e.g., commodity trading, high-end FMCG). Experience handling large-scale retail operations and e-commerce is a strong plus.

Domain Expertise:

Proven track record in managing

high-value inventory financing and security

. Expert-level knowledge of

Indian taxation (GST, Income Tax, TDS)

, particularly as applied to precious metals and stones. Prior experience in

Investor Relations, M&A, or an IPO preparation cycle

is highly valued.

Location:

Must be based in

Mumbai

or willing to relocate immediately.

Key Skills & Competencies

Exceptional leadership and communication skills, with the ability to present complex financial information to the Board and external stakeholders. Strategic and commercial mindset, capable of translating financial data into business outcomes. Unquestionable integrity and professional ethics
Job Types: Full-time, Permanent

Pay: ?45,000.00 - ?200,000.00 per month

Benefits:

Health insurance Provident Fund
Application Question(s):

Current Salary, Expected Salary and Notice Period?
Work Location: In person