Experience
15 - 20 yrs
Job Location
Kolkata, India
Vacancy
1
Designation
Finance Manager
Job Type
Not specified
Job Description
The Finance Manager will be responsible for end-to-end financial planning, project budgeting, fund management, accounting control, statutory compliance, and coordination with sales, legal, auditors, and consultants. The role requires strong hands-on experience in real estate project finance, regulatory compliance, and financial controls.
Key Responsibilities
1. Financial Planning Project Budgeting
- Prepare and monitor project-wise budgets for all real estate projects.
- Track cost vs budget on a regular basis and highlight variances.
- Conduct project-wise gross profitability analysis and report to management.
- Support management with financial MIS and forecasting.
2. Fund Management Financing
- Arrange project finance from banks and NBFCs.
- Manage end-to-end loan documentation and compliance.
- Coordinate with lenders for:
- Construction finance
- Loan Against Property (LAP)
- Term loans
- Monitor loan disbursements, repayments, interest servicing, and covenants.
3. Accounting Financial Control
- Oversee books of accounts, including project accounting and revenue recognition.
- Ensure proper accounting of:
- CAPEX
- WIP
- CWIP
- Inventory valuation
- Ensure accurate revenue recognition in line with accounting standards and real estate practices.
- Maintain robust documentation and audit trail for all financial transactions.
4. Statutory Regulatory Compliance
- Ensure compliance with:
- GST (including ITC reconciliation and project-wise GST impact)
- Income Tax (TDS, advance tax, assessments)
- RERA financial compliances
- New Labour Laws
- Coordinate with consultants for:
- Assessments
- Appeals
- Revisions
- Other statutory proceedings
- Coordinate with auditors for:
- Statutory audits
- Tax audits
- Internal audits
5. Coordination with Sales Legal Teams
- Coordinate with Sales and Legal teams for:
- Revenue and cost recognition based on executed deeds at regular intervals.
- Recognition and segregation of revenue from:
- Own construction projects
- Land transactions
- Works contract execution
- Liaise with Channel Sales Associates (CSAs) and prepare sales MIS reports within agreed timelines.
- Segregate customers based on booking forms and reconcile the same with accounts.
6. Vendor Contract Management
- Review and evaluate contracts with contractors and suppliers.
- Validate Running Account (RA) bills by visiting project sites as required.
- Ensure proper TDS and GST compliance on vendor payments.
- Negotiate vendor payment terms to effectively manage working capital.
Skills Competencies
- Strong analytical and financial control skills
- Knowledge of real estate accounting regulations
- Strong experience in project finance, statutory compliance, and audit coordination.
- Ability to coordinate with banks, NBFCs, consultants, and internal teams
- Excellent communication and negotiation skills
- Proficiency in ERP systems, MS Excel, and financial MIS reporting