About the company
This opportunity is with a prominent luxury real estate developer based in India, dedicated to transforming the luxury property landscape in the Mumbai Metropolitan Area. The company places a strong emphasis on precision in planning, superior design and outstanding craftsmanship. They have completed more than 1 million square feet of projects and additionally have 3.5 million square feet of projects in various phases of development.
They are currently looking for a proactive, detail-oriented and ambitious General Manager to lead their Accounts & Controls Team. This role involves overseeing complete accounting and financial planning, budgeting, regulatory compliance and accurate reporting, with a strong focus on RERA compliance, tax laws and project-based accounting. The ideal candidate must possess a strategic mindset, exceptional analytical skills and a commitment to financial accuracy and integrity within the fast-paced real estate sector.
Responsibilities
Financial Reporting and Project-Based Accounting
- Oversee accurate preparation and analysis of financial statements, with emphasis on project-based accounting and compliance with RERA and Indian Accounting Standards.
- Manage month-end and year-end closings, including reconciliations and project-specific financial summaries.
- Develop detailed financial reports and dashboards to monitor project performance, cost management and profitability.
Regulatory Compliance
- Ensure compliance with local and national regulatory requirements, including RERA, GST, Income Tax, and other real estate specific laws.
- Liaise with statutory auditors, internal auditors, and tax authorities, managing audits and inspections effectively.
- Implement robust internal controls specific to real estate transactions, including land acquisition, project funding and customer advances.
Team Leadership and Development
- Lead the accounts team, setting clear goals, providing regular feedback, and fostering a collaborative environment.
- Mentor and train team members on real estate accounting, project finance, and regulatory changes.
- Foster a continuous improvement mindset, driving initiatives for process optimization and automation.
Cash Flow and Project Budget Management
- Manage cash flow across multiple projects to ensure liquidity and efficient allocation of funds.
- Develop and monitor project budgets, analysing variances, and ensuring effective cost controls.
- Coordinate with project teams to align cash flow forecasts with project milestones and client payment schedules.
Stakeholder Communication
- Present financial insights to senior management and other stakeholders, focusing on project profitability, ROI and risk
- Serve as a financial advisor for other departments, particularly for land acquisition, construction, and sales functions.
- Act as the primary contact for banks, investors, and financial institutions regarding project financing, loans and compliance matters.
Strategic Financial Planning
- Play a support function to contribute to the organization’s financial strategy, advising on investment opportunities, sources, and cost management initiatives.
- Support senior leadership in making informed decisions by providing data-driven insights into financial and project performance.
- Participate in risk management, particularly regarding project delays, regulatory changes, and market fluctuations.
Requirements
- Education & Experience – Qualified CA with over 10 years of relevant experience.
- Real Estate Expertise – Strong knowledge of RERA, GST, project-based accounting and real estate tax laws.
- Analytical Skills – Skilled in financial modelling, project costing, and variance analysis.
- Problem Solving – Proven ability to anticipate issues, manage risks, and respond proactively to resolve challenges.
- Leadership – Proven ability to develop a high-performing team, focused on delivering accurate and timely financial results.
- Communication – Proficient in presenting complex financial data in a clear, concise manner to senior management and stakeholders.
- Attention to Detail – Rigorous attention to detail in managing accounts, project budgets, and financial reports.
- Strategic Vision – Ability to align financial operations with the organization’s growth objectives and long-term vision.