Senior Manager – Finance Payables – Finance and Accounts – Real Estate

Job Function: Finance and accounts
Job Type: Full Time
Experience: 6-10 years
Job Title/Designation: Senior Manager - Finance Payables
Job Sector: Real Estate
Job Location: Mumbai

About the company

This opportunity is with one of the key players in industrial and logistics real estate. Pioneering standards to cater to the rising needs of industries and warehouses, the company, with a robust presence in the major industrial corridors of West, North, and South India, stands out as a formidable force in the investment, management and development of industrial and logistics real estate.

They are currently looking for an experienced professional to join their finance team. The individual will be responsible for the entire payables function, filing the returns, carry out monthly reconciliations of sub-ledgers and general ledgers.


Payables Related

  • Responsible for adherence to Statutory payments and return filings and meeting timelines as per various statutes.
  • Ensure all the payments processed as per SLA.
  • Formation and implementation of SOPs for the entire payables function.
  • Implementation of H2H for payables function.
  • Liaise with Auditors from a financial close standpoint.
  • Liaising with internal stakeholders including the senior management in ensuring payment TATs are met and effective pushback given for timely bookings.
  • Bank signatory management in liaison with Corporate Treasury.
  • Ensure Stale cheques are reviewed on a periodical basis.
  • Ensure BRS is reviewed along with Treasury on a monthly basis and aged cheques are accounted for suitably.
  • Vendor reconciliations on a quarterly basis.
  • Security deposits from vendors are managed as per defined process.
  • Work Order renewals and automatic closure for ageing work orders is taken care of.
  • Automation of payables wherever feasible.
  • Handhold Fixed assets team from a timely capitalization perspective.
  • Implementation of online Expense reimbursement module for the company.
  • Timely site visits and review of the payables on site.
  • Petty cash management.
  • Provision of necessary schedules for tax audit including schedules pertaining to 40 (A)(2)(b) etc.
  • Maintain intercompany schedules for Accounts finalization.
  • Provision of data for various tax assessments.
  • Maintenance of vouchers with external agency and timely retrieval of the same.
  • Liaise with the treasury team for timely debt repayments including monthly/quarterly interest payments. Ensure that there is no debt default on account of delay in payments.

Month/Quarter Closure

  • Closing of payables on a monthly basis.
  • Carry out monthly reconciliations of sub ledgers and ensure that all the balances have flown to the general ledgers.
  • Analysis and review of the balance sheet on a monthly basis.
  • Circulation of payables MIS to the senior management.
  • Plan & management working Capital across the group companies.
  • Effective Implementation of ERP.


  • Ensure advance ageing is within policy.
  • Ensure timely write off/write backs of aged advances and o/s creditors, retention amounts etc.
  • Liaise with GL Teams and manage the DOA.
  • Annual review and sign off of DOA.
  • Ensure various compliances like MSMED.
  • Manage a Team of 6 people including their management and providing guidance.
  • Cash Flow management.
  • Implementation of controls framework with IFC in mind.


  • The candidate must be a CA.
  • Experience in Accounts payable, General Ledger & taxation.
  • Experience in formulation & implementation of SOPs.
  • Knowledge of finance department System Designs & architecture & its implementation.
  • Experience of liaising with auditors for closure of books.
  • Good knowledge of IGAAP accounting. IFRS knowledge will be an added advantage.
  • Expert knowledge of MS Office Excel, Word, power point.
  • Expertise in ERP [SAP / Oracle or like] and TALLY accounting package.

Key Skills

  • Strong ability to manage internal / external stakeholders.
  • Leadership.
  • Flexibility.
  • Good communication.
  • Interpersonal skills.
  • Diligent and meticulous with an eye for detail.

Apply for this position

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Company Profile

Sturgeon Consulting LLP
Sturgeon Consulting is a leading Real Estate focused Search & Selection firm with expertise in finding and attracting professionals at mid – senior level for our clients
across India.

Over the years Sturgeon has successfully introduced high performing talent to leading Global and Indian PE funds, large developers, design and architecture firms, PMCs as well as EPC companies.


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