Finance Manager Real Estate

3 weeks ago

Chennai Tamil Nadu India, Tamil Nadu Live Connections Full time

Job Title: Manager – Accounts (Payable & Receivable) - Real Estate Industry


Location: Mylapore, Chennai

Experience: 7 – 10 Years

CTC: ₹5 – ₹8 LPA

Industry: Real Estate

Job Description:

We are looking for an experienced and detail-oriented Manager – Accounts (Payable & Receivable) to oversee and manage financial operations related to sales, marketing, and CRM functions. This role requires strong expertise in real estate accounting, statutory compliance, and cross-functional coordination to ensure accurate financial reporting and timely execution of transactions.

Key Responsibilities:

Accounts Receivable (Sales & CRM):

  • Maintain and reconcile customer accounts for real estate projects.
  • Coordinate with Sales and CRM teams for accurate billing and timely collections.
  • Monitor payment schedules, aging reports, and follow up for outstanding dues.
  • Reconcile collections with GST, TDS, and other statutory deductions.
  • Liaise with banks for home loan disbursements and reconcile entries.
  • Assist CRM with demand letters, financial NOCs, and possession clearance documentation.

Accounts Payable (Marketing & Sales):

  • Process vendor invoices related to marketing (advertising, events, digital, consultants, brokers).
  • Verify invoices against approved purchase/work orders and ensure budget compliance.
  • Manage payment schedules, track due dates, and ensure timely payments.
  • Process broker commissions, incentives, and referral payouts as per company policy.
  • Handle statutory deductions like GST input credit, TDS, etc.
  • Maintain vendor ledgers and ensure account reconciliation and closure.

General Accounting & Compliance:

  • Prepare and present monthly MIS reports (payables, receivables, cash flows).
  • Coordinate with internal and statutory auditors for audits and documentation.
  • Support project-wise financial analysis and reporting.
  • Ensure timely and accurate filing of accounting records and documents.
  • Collaborate with other departments to streamline finance processes and ensure compliance with company policies.

Preferred Skills & Competencies:

  • Strong understanding of real estate industry accounting.
  • Proficient in handling full-cycle Accounts Payable and Receivable.
  • Knowledge of statutory compliance: GST, TDS, RERA.
  • Experience with accounting software: Tally ERP / SAP / Real Estate ERP.
  • Strong analytical skills, attention to detail, and deadline orientation.
  • Effective communicator with ability to coordinate across Sales, Marketing, and CRM teams.

Qualifications:

  • Education: B.Com / M.Com / MBA (Finance) / CA Inter (Preferred)
  • Experience: 7–10 years in real estate accounting, specifically in Sales & Marketing related payables and receivables.

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