Account and Finance Manager

Job Title

Position Summary:

The Account and Finance Manager will be responsible for overseeing the financial operations of the company, ensuring accurate and timely financial reporting, budgeting, and forecasting. This role will also manage day-to-day accounting operations, financial planning, and analysis to support the strategic goals of the company, particularly as it enters the real estate development sector.

Key Responsibilities:

Accounting & Financial Management

• Strong grasp of real estate accounting principles
• Proficiency in finalization of accounts, including profit & loss, balance sheet, and cash flow statements.
• Knowledge of percentage of completion method (POCM) and its implications on revenue recognition in real estate projects.
• Cost allocation between land, development, marketing, and other expenses.
• Understanding of working capital management, ensuring smooth cash flow and fund management.

Taxation & Regulatory Compliance

• GST on Real Estate:
• Input Tax Credit (ITC) applicability.
• GST rates for affordable vs. luxury housing.
• Reverse charge mechanism (RCM) for real estate transactions.
• Income Tax & Direct Tax Compliance.
• Tax Deducted at Source (TDS) under sections like 194-IA, 194C, and 194H (applicable on property transactions, contractors, and brokerage).
• Capital gains tax implications on land transactions.
• Income tax treatment of Joint Development Agreements (JDA).
• Stamp Duty & Registration Charges
• Understanding state-wise variations and exemptions.
• RERA Compliance
• Financial disclosure requirements under RERA (Real Estate Regulation & Development Act, 2016).
• Maintenance of separate bank accounts for project funds as per RERA guidelines.
• Municipal & Local Tax Compliance.
• Property tax, land-use conversion charges, and other local levies.

Project Finance & Fund Management:

• Bank Loans & Project Financing
• Knowledge of construction finance, term loans, overdraft (OD), and cash credit (CC) limits.
• Loan structuring, including interest rate negotiation and repayment schedules.
• Alternative Funding Avenues.
• Understanding of private equity, joint ventures (JV), and foreign direct investment (FDI) norms in real estate.
• Investor & Lender Relations.
• Financial reporting to lenders and investors.
• Ensuring timely repayments and compliance with loan covenants.

Budgeting, Cost Control & MIS Reporting

• Project Costing & Estimation.
• Budgeting land acquisition costs, construction costs, and overheads.
• Cost control strategies to optimize project profitability.
• Variance Analysis & Cost-Benefit Analysis.
• Monitoring deviations from the approved budget and identifying cost-saving opportunities.
• Management Information System (MIS) Reports.
• Preparation of monthly financial reports, sales reports, and project cost reports for management review.
• Cash flow projections and fund requirement analysis.
• Understanding of Real Estate financial aspects of legal disputes in NCLT, RERA, or consumer forums

ERP & Software Proficiency

• Experience with ERP software like SAP, Tally ERP, or Yardi for real estate accounting.
• Advanced MS Excel & financial modelling skills for forecasting and reporting.
• Knowledge of BI tools (Power BI, Tableau) for financial analysis.

Sales & Customer Finance Management

• Tracking collections from buyers & agents.
• Handling home loan coordination with banks.
• Ensuring smooth agreement execution, payment schedules, and credit control.

Risk Management & Internal Controls

• Implementing internal controls for fraud prevention & financial accuracy.
• Identifying financial risks in land deals, construction costs, and market

Preferer Candidate from Thane, Kalyan, Dombivli, Bhiwandi, Mankoli and near by location. Interested Candidate can share there resume on hr@sayagroup.co.in

Total Experience: -

Real Estate Experience:-

Current CTC:-

Expected CTC:-

Notice Period:-