Senior Finance Manager

Role & responsibilities

1. Financial Planning & Control

• Prepare project-wise budgets, cash-flow projections and financial plans.
• Monitor actual expenditure against approved budgets.
• Provide financial analysis and MIS to management.
• Monitor project profitability, margins and cost overruns.

2. Project Accounting

• Maintain project-wise and entity-wise books of accounts.
• Track construction costs, land costs, development expenses, consultant fees and other project-related expenditure.
• Ensure proper accounting of project advances, receivables, payables and deposits.
• Reconcile project accounts with contractors, consultants and vendors.

3. RERA Compliance

• Ensure proper accounting and monitoring of RERA-related collections and project expenditure.
• Coordinate with legal/RERA consultants for statutory filings and compliance.
• Monitor project-wise fund utilization and documentation.
• Assist management in maintaining required financial records for RERA audits and reporting.

4. GST & Direct Taxation

• Ensure timely and accurate GST returns, TDS returns and other statutory compliances.
• Review GST applicability on sale, construction, works contracts, contractors and professional services.
• Handle income-tax matters, advance tax, TDS, assessments and notices.
• Coordinate with tax consultants and authorities when required.

5. Statutory & Regulatory Compliance

• Ensure compliance with applicable Companies Act, Income Tax, GST, RERA and other financial regulations.
• Maintain statutory records and ensure timely filing of returns.
• Monitor changes in tax and regulatory provisions affecting real-estate projects.

6. Receivables & Customer Accounting

• Monitor customer collections against payment schedules.
• Review outstanding receivables and prepare ageing reports.
• Coordinate with Sales/CRM for collection follow-up.
• Ensure proper accounting of booking amounts, advances, cancellations, refunds and transfers.

7. Payables & Contractor Management

• Verify contractor/vendor bills before payment.
• Check bills against work orders, agreements, measurements and approvals.
• Monitor retention money, security deposits, advances and deductions.
• Ensure TDS/GST and other applicable deductions are correctly accounted for.

8. Cost Control

• Establish project-wise cost-control systems.
• Review construction costs against sanctioned budgets.
• Identify cost overruns and report deviations to management.
• Analyse contractor and consultant costs and provide financial recommendations.

9. Audit & Financial Reporting

• Coordinate with statutory, internal and tax auditors.
• Prepare schedules, reconciliations and supporting documents for audits.
• Ensure timely closure of monthly, quarterly and annual accounts.
• Prepare balance sheet, profit & loss, cash-flow statements and management reports.

10. Banking & Cash Management

• Monitor project-wise bank accounts and fund requirements.
• Prepare cash-flow forecasts and payment plans.
• Coordinate with banks for project finance, guarantees, loans and other banking requirements.
• Ensure proper reconciliation of all bank accounts.

11. MIS & Management Reporting

Prepare regular MIS covering:

• Project-wise revenue and expenditure
• Budget vs. actual cost
• Cash flow
• Customer collections
• Outstanding receivables
• Contractor/vendor outstanding
• Project profitability
• Tax and statutory liabilities
• Fund utilization

12. Team & Coordination

• Lead and supervise the Accounts & Finance team.
• Coordinate with Projects, Procurement, Sales, CRM, Legal, HR and Management.
• Establish proper financial approval and documentation systems.
• Ensure timely availability of financial information for management decisions.

Preferred candidate profile

• CA (Chartered Accountant) qualified; CA with relevant real-estate experience preferred.
• 5–10 years of post-qualification experience, preferably in real estate/construction.
• Strong knowledge of RERA, GST, Income Tax, TDS and project accounting.
• Experience in project costing, cash-flow management, contractor billing and financial MIS.
• Experience with ERP/accounting software, Excel and financial reporting.
• Strong analytical, communication and team-management skills.
• Experience in handling multiple real-estate projects/entities will be an advantage.