Accounts And Finance Manager

Job Purpose:

The Manager Accounts and Finance will be responsible for overseeing the day-to-day operations of the accounting department. This includes ensuring accurate financial records, managing the month-end and year-end close processes, ensuring compliance with statutory requirements, and supporting strategic financial planning. The role also involves leading a team of accountants and collaborating with other departments, manage Project Funding, Loan Proposals, compliances etc.

Key Responsibilities:

1. Financial Accounting & Reporting

• Supervise the preparation and maintenance of financial statements in accordance with applicable accounting standards.
• Ensure timely monthly, quarterly and annual closing of books.
• Review and reconcile general ledger, accounts payable, receivable, and payroll entries.
• Manage fixed asset accounting and depreciation schedules.

2. Compliance & Audit

• Ensure compliance with all statutory and regulatory requirements (e.g., income tax, GST/VAT, TDS, etc.).
• Coordinate with internal and external auditors during audits.
• Prepare audit schedules, respond to audit queries, and implement audit recommendations.

3. Team Management

• Lead and mentor a team of accountants and finance executives.
• Set goals, monitor performance, and conduct regular performance reviews.
• Provide training and development opportunities for team members.

4. Budgeting & Forecasting

• Assist in the preparation of annual budgets and financial forecasts.
• Monitor budget performance and highlight variances with recommendations.
• Support the Management in financial planning and analysis.

5.

• Source and Procure Funds

  : Identify, evaluate, and secure various sources of financing for real estate projects, including construction loans, term loans, working capital, and private equity.

6. Relationship Management

• Prepare Loan Proposals

  : Create comprehensive project reports, data, and detailed loan proposals for presentation to banks, Non-Banking Financial Companies (NBFCs), and other financial institutions.

• Liaison and Negotiation

  : Serve as the primary point of contact for banks and Financial institutions, managing relationships, coordinating due diligence (legal, technical, financial), and negotiating term sheets, sanction letters and loan agreements.

• Manage Disbursement Process

  : Coordination during the loan sanction and disbursement process to ensure timely and adequate funds for project execution.

7. Compliance & Reporting

• Cash Flow and Cost Management:

  Monitor project cash flows, track fund utilization, manage budgets, expenses, debt servicing, implement cost control measures to ensure the project remains within financial limits.

• Regulatory Compliance

  : Ensure all financing activities and project documentation comply with relevant laws and regulations, such as RERA and environmental approvals.

• Reporting and MIS

  : Prepare and maintain accurate Management Information Systems (MIS) reports for internal management, lenders, and investors, providing updates on fund utilization, compliance status, and project financial performance.

Process Improvement

• Develop and implement accounting policies, procedures, and internal controls.
• Identify and eliminate inefficiencies in accounting processes.
• Leverage technology for automation and improved reporting accuracy.

9. Coordination with Stakeholders

• Liaise with banks, auditors, tax consultants and regulatory authorities.
• Collaborate with HODS of all major departments for smooth financial operations.

Qualifications & Experience:

• Bachelors degree in Accounting, Finance or Commerce
• Professional certification such as CPA, CMA, CFA, will be an added advantage
• Minimum 7-12 years of experience in accounts & finance
• Proficiency in accounting software (e.g., Tally, Quadra) and MS Excel.
• Strong knowledge of accounting principles, tax laws, regulatory compliance, RERA, experience in project funding, Financial Strategy, loan proposals is a must.

• Proven experience in real estate finance, fund-raising, or project finance is mandatory.

Key Skills:

• Leadership and team management
• Analytical and problem-solving skills
• Strong attention to detail and accuracy
• Communication and interpersonal skills
• Time management and multitasking ability
• Integrity and ethical conduct

Gender : Male / Female

Candidates who are Immediate joiners or those who can join within short notice will be preferred.

Email : sarika.kamat@kumarlifespaces.com