Sr Manager-Accounts(Resident Welfare Associations)

The Senior Accounts Manager will be responsible for end-to-end financial management of Resident Welfare Associations (RWAs), ensuring transparency, compliance, and effective coordination during operational and financial handovers. The role requires strong expertise in budgeting, audits, fund management, and stakeholder engagement with RWAs.

Key Responsibilities

1. RWA Accounts Management

• Manage and oversee complete accounting operations for RWAs across projects.
• Ensure accurate maintenance of books of accounts, ledgers, and statutory records.
• Monitor financial transitions during HOTO (EM to RWA), ensuring compliance and transparency.

2. Budgeting & Financial Planning

• Prepare annual budgets (OPEX & CAPEX) in coordination with site teams.
• Track budget vs actuals and highlight variances with corrective actions.
• Support long-term financial planning including reserve and corpus fund management.

3. Statement of Accounts (SOA) & Reporting

• Prepare and present detailed Statement of Accounts (SOA) for RWAs.
• Ensure timely submission of monthly, quarterly, and annual financial reports.
• Provide actionable insights to management and RWAs for financial decision-making.

4. Fund Management (Sinking / Corpus / Maintenance Funds)

• Manage settlement of sinking fund, corpus fund, and other reserves with RWAs.
• Lead discussions with RWAs for financial closures, reconciliation, and final settlements.
• Ensure adherence to agreed terms and minimize financial escalations.

5. Audit Planning & Compliance

• Plan and coordinate internal and external audits for RWA accounts.
• Ensure readiness of financial documents and compliance with audit requirements.
• Address audit observations and implement corrective actions.

6. Expense Control & Cost Optimization

• Monitor monthly expenses across sites and ensure cost control.
• Review vendor payments and validate expense justifications.
• Identify opportunities for cost optimization without impacting service quality.

7. Stakeholder Management (RWA Interface)

• Act as the primary finance interface for RWAs.
• Conduct regular meetings with RWAs to review accounts, budgets, and financial issues.
• Handle escalations related to financial matters, ensuring timely resolution.

8. Team Management

• Lead and manage the accounts team across multiple sites.
• Provide guidance, training, and performance monitoring.
• Ensure adherence to SOPs, timelines, and quality standards.

9. Site Visits & Operational Support

• Regularly visit sites to review financial practices and support site teams.
• Guide estate and facility teams on financial processes and controls.
• Ensure alignment between site operations and financial governance.

Key Skills & Competencies

• Strong knowledge of accounting principles, taxation, and compliance
• Experience in RWA / housing society accounting is mandatory
• Expertise in budgeting, financial analysis, and reporting
• Strong stakeholder management and negotiation skills
• Ability to handle audits and complex financial reconciliations
• Leadership and team management capabilities
• Proficiency in accounting software / ERP systems

Key Success Metrics

• Timely closure of financial handovers (HOTO)
• Accuracy and timeliness of SOA and reports
• Reduction in financial escalations from RWAs
• Audit compliance and closure of observations
• Effective cost control and budget adherence

Alignment to the Function

This role is critical in ensuring smooth financial transition and sustained operational credibility with RWAs, particularly during high-volume handovers and large township managementaligned to estates & CCS operational excellence .

Interested candidates are requested to share their updated CV to [email removed] for further consideration