Controller - Finance & Accounts (Real Estate)

4 months ago

Chennai, India SRINIDHI INVESTMENT ADVISORS Full time

A Chartered Accountant with 6-9 years of hard-core accounting experience in a service industry, preferably in Residential/ Commercial Real Estate. Should be able to lead a team of 6-8 members in the accounting function. Candidates should be able to migrate accounting to Indian Accounting Standards in the next 2-3 years. The ability to network and work closely with other Heads of Business and peer groups is essential. Will have a line of reporting to the Head of Accounts/CFO of the Holding Company.

The candidate is expected to have an in-depth knowledge of Income tax and GST and sound knowledge about RERA. Hands-on experience with tax laws, periodic compliances, and ability to work with consultants and tax/legal advisors.

Should work closely with the CEO for implementation of cost control and cost management techniques and where required should bring in sufficient commercial acumen to represent and negotiate favorable terms for the company.

Work Location - Chennai

Key deliverables for Controller of F&A Real Estate Business

Systems

  • Maintain internal safeguards for revenue receipts, costs, team and organizational budgets, and actual expenditures
  • Establish financial and operating benchmarks, budgets, program monitoring, and reporting standards on biweekly, monthly, and annual basis
  • Implement consistent accounting policies, practices, and procedures across all group entities in the same business vertical, adhering to the latest accounting standards.
  • Develop and enforce internal controls to maximize the protection of company assets, policies, procedures, and workflows.

Be focal point for Internal / External audit processes / Outcomes and action planning to mitigate risks identified.

  • Oversee and support accounting team with dynamic leadership that creates an environment of trust and productivity

Reporting

  • Setting up process for timely closing books of accounts of all group companies.
  • Ensuring this system works flawlessly month in and month out.
  • Generating incisive and insightful MIS reports for companies including monthly P&L basis review system.

Liquidity

  • Developing systems for Collections Management and ensuring timely collections from customers including documentation for extra works.
  • Hands on and effective Cash flow and treasury management for the company.
  • Timely Analysis driven solutioning of WC challenges for the company.
  • Interaction with lenders for timely servicing of obligations and managing relationships.


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