Accounts And Finance Manager

Role & responsibilities

Role Overview

• We are seeking a qualified and experienced Chartered Accountant to manage and strengthen the company's accounting, taxation, financial reporting and internal control functions.
• The candidate will be responsible for ensuring accurate financial records, timely statutory compliance, effective cash flow monitoring, project-wise financial reporting and coordination with banks, auditors and consultants.
• The role requires strong technical accounting knowledge, commercial understanding, attention to detail and the ability to work independently while coordinating with multiple departments.

Key Responsibilities

1. Accounting & Financial Management

• Supervise day-to-day accounting operations and ensure accurate maintenance of books of accounts.
• Oversee general ledger, accounts payable, accounts receivable and bank reconciliations.
• Review accounting entries, journal vouchers, provisions and adjustments.
• Ensure timely monthly, quarterly and annual closing of accounts.• Prepare and review financial statements, including balance sheets, profit and loss statements and cash flow statements.
• Maintain project-wise and entity-wise accounting records.
• Monitor intercompany transactions, partner capital accounts and loans.
• Ensure adherence to applicable accounting standards and company policies.

2. Real Estate Project Accounting

• Maintain project-wise cost records and profitability statements.
• Track construction expenditure against approved budgets.
• Monitor contractor bills, vendor payments, retention amounts, advances and reconciliations.
• Review accounting for land acquisition, development rights, redevelopment obligations and project expenses.
• Track customer collections, outstanding receivables and project cash flows.
• Coordinate with construction, procurement, sales and CRM departments to ensure accurate financial reporting.
• Prepare project-wise cost-to-complete statements and financial MIS.

3. Direct & Indirect Taxation

• Ensure timely and accurate GST compliance, including GSTR-1, GSTR-3B and applicable reconciliations.
• Review input tax credit eligibility and GST treatment of real estate transactions.
• Oversee TDS/TCS deductions, payments, returns and reconciliations.
• Coordinate income tax computations, advance tax payments and annual return filings.
• Assist in handling income tax and GST assessments, notices and departmental queries.
• Work with external tax consultants to ensure tax-efficient and compliant transactions.
• Maintain updated knowledge of taxation applicable to real estate development, redevelopment and construction.

4. Banking, Treasury & Cash Flow Management

• Prepare periodic cash flow statements and fund requirement reports.
• Monitor banking transactions, loan accounts, interest calculations and repayment schedules.
• Coordinate with banks for project finance, working capital facilities and documentation.
• Track utilisation of project funds and compliance with lending conditions.
• Prepare financial information required by banks and financial institutions.
• Monitor receivables, payables and upcoming financial commitments.

5. Financial Planning, Budgeting & MIS

• Prepare monthly management information reports.• Develop project-wise budget-versus-actual statements.
• Analyse cost overruns, profitability, cash flow gaps and financial variances.
• Prepare financial dashboards for management review.
• Assist in annual budgeting, forecasting and financial planning.
• Identify opportunities for cost optimisation and improvements in financial controls.
• Present key financial observations and actionable recommendations to management.

6. Statutory Compliance & Audit

• Coordinate statutory audits, tax audits, internal audits and other regulatory audits.
• Ensure timely completion of statutory filings and applicable financial disclosures.
• Support financial compliance under RERA and other applicable real estate regulations.
• Maintain proper accounting documentation, records and audit trails.
• Identify financial control weaknesses and implement corrective measures.
• Coordinate with company secretaries, auditors and legal consultants on finance-related matters.

7. Internal Controls & Process Improvement

• Establish and strengthen accounting procedures, approval systems and financial controls.
• Review payment authorizations and supporting documentation.
• Implement checks to prevent accounting errors, duplicate payments and financial irregularities.
• Improve accounting automation, reporting accuracy and efficiency.
• Supervise and guide junior accounts team members.
• Ensure compliance with internal financial policies and approval matrices.

Key Competencies

• Strong analytical and problem-solving abilities.
• High standards of accuracy, integrity and accountability.
• Ability to independently manage responsibilities and meet deadlines.
• Commercial understanding of real estate development.
• Strong communication and interdepartmental coordination skills.
• Proactive approach to identifying financial risks and improving processes.
• Ability to lead and develop an accounts team.

Key Performance Indicators (KPIs) Performance will be evaluated on:

• Timely and accurate monthly closing of accounts.
• Zero avoidable statutory filing delays and penalties.
• Accuracy and timeliness of project-wise financial MIS.
• Effective monitoring of project costs and cash flows.
• Timely completion of audits and reconciliations.
• Strength of internal financial controls and accounting processes.
• Quality and reliability of financial information provided to management.

Preferred candidate profile ; Required Qualifications & Experience

• Qualified Chartered Accountant from ICAI.
• 4 to 7 years of relevant post-qualification experience.
• Prior experience with a real estate development or construction company is strongly preferred.
• Strong knowledge of accounting, GST, income tax, TDS and statutory compliance.
• Experience in project accounting, budgeting and financial reporting.
• Proficiency in Tally Prime or other accounting ERP systems.
• Advanced Excel skills, including financial analysis, reconciliations and MIS reporting.
• Familiarity with RERA-related financial compliance.
• Experience coordinating with banks, auditors and external consultants.