Senior Finance Manager

4 weeks ago

Hyderabad, Telangana, India Latinem Private Limited Full time

Job Summary:

The Finance Manager will manage and oversee various financial activities within the real estate or construction company, ensuring accuracy and timeliness in accounting and financial reporting.

This role involves maintaining financial records, preparing financial reports, assisting in budgeting, reconciling accounts, managing invoices, and supporting the overall financial health of the organization.

Key Responsibilities:

Financial Record Maintenance:

  • Prepare, maintain, and update financial records, ensuring compliance with accounting standards and regulations.
  • Record daily financial transactions, including project expenses, supplier payments, and client receipts.
  • Ensure the accuracy of the general ledger and other financial databases.

Accounts Payable & Receivable Management:

  • Process and manage accounts payable and receivable, including verifying invoices, ensuring proper approvals, and timely payment.
  • Ensure that outstanding invoices are followed up and payments are collected on time.
  • Reconcile vendor and customer accounts regularly to ensure accuracy.

Financial Reporting:

  • Assist in preparing monthly, quarterly, and annual financial statements, including profit and loss statements, balance sheets, and cash flow statements.
  • Monitor financial performance against budgets and forecast reports, providing variance analysis.
  • Prepare financial reports for management and stakeholders as needed.

Project Costing & Budgeting:

  • Work with project managers and other departments to track project costs and expenses.
  • Assist in preparing budgets for new real estate or construction projects, ensuring that all costs are accounted for.
  • Provide cost analysis and recommend adjustments to keep projects on budget.

Tax and Compliance Support:

  • Assist in the preparation of tax returns and ensure compliance with local, state, and federal tax laws and regulations.
  • Support audits by providing necessary financial records and documentation.

Bank Reconciliation:

  • Perform regular bank reconciliations to ensure that all financial records match bank statements.
  • Investigate discrepancies and resolve any issues related to account balances.

Cash Flow Management:

  • Monitor cash flow on a daily, weekly, and monthly basis to ensure sufficient funds are available for operations and project needs.
  • Prepare cash flow projections and assist in managing cash reserves.

Qualifications & Skills:

  • Bachelor's Degree in Accounting, Finance, Commerce, or a related field.

Certifications (mandatory):

  • Chartered Accountant (CA) /Final, Cost Accountant (CMA), or ACCA certification.

Key Skills:

  • Strong knowledge of accounting software (e.g., Tally, QuickBooks, SAP, or ERP systems) and MS Excel.
  • Ability to prepare and analyze financial statements and reports.
  • Familiarity with industry-specific financial practices and project costing in the construction or real estate sector.
  • Minimum of 10 years of experience in accounting or finance, preferably in the real estate or construction industry.
  • Experience in project costing, budgeting, and handling financial transactions related to construction projects.
  • Understanding of financial and tax regulations specific to real estate or construction businesses is a plus.

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