Manager - Finance, strategy & Operations

Job Description

The General Manager - Finance, strategy Operations will be responsible for managing the overall financial operations of Svarna Group s real estate development business. This role involves strategic financial planning, budgeting, forecasting, and overseeing accounting functions to ensure financial stability, compliance, and profitability of the company s real estate projects. The GM - Finance will also play a key role in investment planning, risk management, and liaising with external stakeholders such as banks, auditors, and investors. Key Responsibilities: 1. Financial Strategy and Planning: o Develop and implement financial strategies to support the company s growth objectives. o Prepare long-term financial models and forecasts for real estate projects. o Analyze market trends, financial risks, and opportunities to inform business decisions. 2. Budgeting and Forecasting: o Lead the annual budgeting process, including setting financial targets for departments. o Monitor and report on budget performance, ensuring expenses align with revenue targets. o Create cash flow forecasts to ensure the company can meet its financial obligations. 3. Financial Reporting and Analysis: o Oversee the preparation of financial statements, reports, and presentations for the management and board. o Analyze financial data, project costs, and profitability to guide decision-making. o Ensure timely and accurate monthly, quarterly, and year-end financial reporting. 4. Accounting and Tax Compliance: o Supervise the accounting function, ensuring accurate bookkeeping and compliance with GAAP/IFRS. o Ensure timely submission of statutory returns such as GST, TDS, and Income Tax. o Manage external audits and ensure compliance with all relevant tax laws and regulations. 5. Project Financing: o Identify and secure project financing from banks, financial institutions, and private equity investors. o Negotiate and manage loans, credit lines, and other financial agreements. o Monitor debt levels and ensure compliance with financial covenants. 6. Investment Management: o Oversee the management of company investments and capital expenditures. o Evaluate potential acquisitions, partnerships, and joint ventures for financial feasibility. o Ensure proper management of working capital, including inventory, receivables, and payables. 7. Risk Management: o Develop and implement risk management strategies to protect the company s financial health. o Conduct internal controls and financial audits to mitigate risk. o Ensure adequate insurance coverage for company assets and operations. 8. Team Leadership: o Lead and mentor the finance and accounting team to ensure high levels of performance. o Implement professional development plans and conduct regular performance reviews. o Foster a culture of continuous improvement within the finance department. 9. Stakeholder Relations: o Serve as the primary liaison with banks, auditors, investors, and other external partners. o Represent the company in negotiations with financial institutions and regulatory bodies. o Provide financial insights and recommendations to senior management and the board. Key Requirements: 1. Educational Qualifications: o Chartered Accountant (CA) or Cost Accountant (CMA) is required. o MBA in Finance or equivalent qualification is preferred. 2. Experience: o 15+ years of experience in finance, with at least 5 years in a leadership role in the real estate sector. o Proven track record of managing large-scale real estate projects and financial operations. o Experience in project financing, investment management, and risk mitigation. 3. Skills and Competencies: o Strong financial acumen with the ability to analyze complex financial data. o Expertise in financial modelling, forecasting, and budgeting. o Comprehensive understanding of real estate accounting, tax regulations, and statutory compliance. o Excellent communication and negotiation skills for dealing with financial institutions. o Proficiency in financial software (Tally, SAP, etc.) and MS Office, especially Excel. 4. Personal Attributes: o High attention to detail and accuracy. o Strong leadership and team-building capabilities. o Ability to work under pressure and meet deadlines. o Strategic thinker with a proactive approach to problem-solving. Working Conditions: Primarily office-based but may require visits to project sites and meetings with external stakeholders. May involve extended working hours during financial reporting periods or project phases. Salary: 12 to 14 Lakhs per annum