Website:
rishi.net.in
Job details:
Position: Manager – Finance & Accounts
Location: Kolkata, Newtown
About the Role
We are looking for a Chartered Accountant (CA) with 8–12 years of progressive experience to lead our
Finance, Strategy, and Operations functions. The role demands strong financial controllership, strategic
planning, and operational excellence – specifically within real estate development. You will work closely
with the MD to drive budgeting, project accounting, compliance (RERA, GST, TDS), treasury, and
cross‑functional project execution.
Key Responsibilities
1. Financial Management
• Develop, monitor, and optimise annual budgets; ensure alignment with project‑level and
organisational goals.
• Oversee CapEx planning & tracking for multiple real estate projects – from approval to completion
within budget.
• Manage investment portfolios, liquidity, and cash flow forecasting, lead treasury functions.
• Drive project-wise profitability analysis, revenue recognition (as per RERA / Ind AS 115), and cost
control.
2. Real Estate & Project Accounting
• Ensure end‑to‑end project accounting – land cost, construction cost, overhead allocation, and
capitalisation.
• Handle RERA compliance – quarterly updates, separate bank account reconciliations, form filings.
• Manage vendor reconciliations, contractor billing, and retention money tracking.
• Oversee inventory accounting for under‑construction and completed units.
3. Strategic Leadership
• Formulate long‑term financial strategies to maximise ROI from projects.
• Conduct market analysis, feasibility studies, and financial modelling for new land acquisitions or
joint developments.
• Evaluate strategic opportunities – partnerships, outright sale of development rights, or asset
divestment.
4. Compliance & Risk Management
• Ensure zero non‑compliance in statutory audits, RERA inspections, and tax assessments.
• Implement robust internal controls for project‑level spending and revenue collection.
• Manage GST (real estate specific – works contract, TDS on property, input credit restrictions) and
TDS compliance.
5. Operational Excellence
• Collaborate with legal, construction, sales, and external vendors to deliver turnkey projects on
time and within budget.
• Drive process improvements to reduce operational costs and improve cycle times.
Key Performance Indicators (KPIs)
• Financial accuracy: ≤5% variance in actual vs. budgeted project costs
• CapEx efficiency: ≥95% projects within budget; ROI exceeding internal benchmarks
• Compliance: 100% on‑time RERA filings, zero audit qualifications
• Vendor management: performance score ≥4/5; 10% YoY cost reduction in non‑core spends
Qualifications & Skills
Mandatory
• Chartered Accountant (CA) certification.
• 8–12 years of post‑qualification experience in finance & accounts.
• Minimum 3–4 years of experience in real estate development accounting (mandatory).
Technical Skills
• Real estate accounting, RERA compliance, project accounting, CapEx management.
• ERP systems (Tally Prime / SAP / any real‑estate‑focused ERP), advanced Excel, Power BI.
• Cash flow forecasting, fund flow management, GST & TDS for real estate.
Soft Skills
• Leadership, stakeholder management, cross‑functional collaboration.
• Strategic thinker with problem‑solving agility and attention to detail.
Additional
• Regular reporting to MD on KRAs and corrective actions.
• Commitment to continuous process improvement.
Click on Apply to know more.
