Middle level Executive - Fund Reconciliation & Internal Audit (Real Estate)

Middle level Executive - Fund Reconciliation & Internal Audit (Real Estate)

Location:

Noida India

Job Type:

Full-Time | Permanent

Department:

Accounts & Finance

Reporting To:

Chief Financial Officer (CFO)

Industry:

Real Estate Development & Construction

Position Overview:

We are looking for a highly driven and detail-oriented Senior Executive - Fund Reconciliation & Banking Coordination to join our finance team. The selected candidate will play a critical role in ensuring the accurate reconciliation of customer collections from real estate project sales and managing banking partnerships for financing and operational needs.

This position requires strong accounting and finance knowledge, prior experience in real estate fund flow, and the ability to manage multiple banking relationships.

Key Responsibilities:

Fund Reconciliation:

· End-to-end reconciliation of funds received from the sale of real estate units

· Track advances, milestone-based payments, and final settlements from customers

· Match collections against booking records and update CRM systems

· Identify and resolve discrepancies in payment tracking and ledger postings

· Generate daily, weekly, and monthly reconciliation and MIS reports for management

· Coordinate with sales, legal, CRM, and treasury teams for real-time payment tracking

Cash Flow & Reporting:

· Assist CFO in project-wise cash flow planning and fund allocation strategy

· Ensure customer funds are appropriately recorded and utilized as per project requirements

· Prepare bank reconciliation statements and monthly fund position reports

· Support statutory, internal, and RERA audits with relevant documents and ledgers

Internal Audit

· Recording, reviewing, and interpreting data to determine the effectiveness and to locate the deficiencies of operations.

· Visit sites and review – Receipts and Stores Transactions

· Researching discrepancies, operational problems, or other issues.

· Examining records, reports, receipts, or other documents and comparing them to company assets and liabilities.

· Bringing company strengths and weaknesses to the attention of management and providing advice as they develop responses or fixes for these issues.

· Generating reports and presenting findings to management or other interested parties.

· Handling additional duties and special projects to ensure the business is operating efficiently and in compliance with all current regulations.

Compliance & Control:

· Ensure adherence to RERA, GST, TDS, and other regulatory compliances

· Maintain accurate documentation for financial reporting and audit purposes

· Participate in internal control improvements and automation initiatives

· Required Qualifications & Experience:

· Bachelor's or Master's degree in Commerce, Finance, or Accounting

· 8 to 12 years of experience in finance/accounts in the real estate industry

· Strong expertise in fund reconciliation, cash flow, and bank coordination

· Hands-on experience with Accounting systems – Tally

· Excellent command over MS Excel (VLOOKUP, pivot tables, dashboards)

· Knowledge of RERA norms and escrow account operations is a must

· Familiarity with home loan processes and project finance structures

Preferred Skills & Attributes:

· CA Inter, ICMA Inter, MBA (Finance), or any equivalent finance certification preferred

· Strong communication and negotiation skills for banking interaction

· Proactive, deadline-oriented, and capable of working independently

· Ability to coordinate cross-functionally across departments and external stakeholders

· High level of integrity and attention to detail

Benefits:

· Opportunity to work directly under leadership (CFO)

· Exposure to real estate finance, banking, and compliance operations

Professional development and training opportunities

Job Type: Full-time

Pay: ₹66,000.00 - ₹75,000.00 per month

Work Location: In person