Kolte-Patil Developers Limited
Website:
koltepatil.com
Job details:
Job Summary
Accounts Receivable Team Lead will be responsible for managing the end-to-end receivables function for residential projects, ensuring timely billing, collections, and compliance across the full customer lifecycle from booking to possession. The role requires strong expertise in milestone-based billing, customer account management, and coordination with cross-functional teams to ensure seamless revenue realization.
Key Roles and Responsibilities
Strategic Focus Areas
1. End-to-End Customer Lifecycle Understanding (Booking to Possession)
- Develop deep understanding of residential real estate lifecycle including:
- Booking and allotment
- Agreement to Sale
- Construction-linked payment plans
- Possession and handover
- Align receivable tracking with project execution timelines and customer agreements.
- Identify risk points in the lifecycle impacting cash flow and collections.
2. Process Standardization & Automation
- Drive standardization of AR processes across all residential projects.
- Implement automation in:
- Milestone-based demand generation
- Payment tracking and reconciliation
- Customer communication workflows (reminders, demand notices)
- Optimize ERP utilization (e.g., SAP, Oracle, Farvision) to reduce manual intervention.
- Establish SOPs and SLAs for billing, collections, and reconciliation activities.
Operational Responsibilities
1. Customer Collections & Receivables Management
- Drive collections for:
- Booking amounts
- Construction-linked installments
- Final possession dues
- Maintenance and other ancillary charges
- Monitor receivable ageing and ensure timely follow-ups with customers.
- Improve collection efficiency and reduce overdue accounts.
- Handle escalations and coordinate with CRM/sales teams for resolution.
2. Timely Milestone Demand Monitoring
- Track project progress in coordination with engineering/project teams.
- Ensure on-time raising of milestone demands as per agreement terms.
- Validate demand accuracy before dispatch to customers.
- Minimize revenue leakage due to delayed or incorrect billing.
3. Account Confirmation & Finance NOC for Possession
- Perform final reconciliation of customer accounts prior to possession.
- Ensure:
- Full payment realization
- Closure of all dues and adjustments
- Issue Finance NOC (No Objection Certificate) for possession clearance.
- Coordinate with CRM, legal, and project teams for smooth handover.
4. Stamp Duty & Registration Payment Tracking
- Monitor collection of stamp duty and registration charges from customers.
- Ensure timely payments as per statutory requirements.
- Coordinate with legal/registration teams for completion of documentation.
- Track pending cases and ensure closure before possession.
5. Customer Account Reconciliation
- Maintain and reconcile individual customer ledgers.
- Ensure accurate allocation of receipts against demands.
- Identify mismatches and resolve discrepancies proactively.
6. Team Leadership
- Lead and manage AR team members across projects.
- Allocate responsibilities and monitor performance.
- Provide training on real estate billing processes and compliance.
- Ensure adherence to timelines, accuracy, and quality standards.
7. MIS & Reporting
- Generate and review key reports:
- Project-wise collection reports
- AR ageing and overdue analysis
- Demand vs collection tracking
- Cash flow forecasts linked to collections
- Provide actionable insights to management for decision-making.
8. Compliance & Audit Support
- Ensure compliance with:
- RERA guidelines
- GST regulations
- Company policies and accounting standards
- Maintain audit-ready documentation.
- Support internal and external audits.
9. Cross-Functional Coordination
- Work closely with:
- Sales team (customer commitments, payment plans)
- CRM team (customer communication and follow-ups)
- Legal team (agreements and registration)
- Project team (construction progress for milestone billing)
- Ensure seamless communication and issue resolution.
Key Skills & Competencies
Technical Skills
- Strong understanding of construction-linked payment plans
- Knowledge of RERA compliance, GST, and real estate accounting
- Experience with real estate ERP systems (SAP and SFDC preferred)
- Advanced Excel skills (Pivot Tables, Lookups, Reporting)
Behavioral Skills
- Strong leadership and team management
- Excellent stakeholder management
- High attention to detail and analytical thinking
- Strong follow-up, negotiation, and problem-solving skills
Education and Experience
Education:
- MBA Finance / CA Inter / CA (Preferred)
Experience:
- 6–10 years in AR/Finance
- 3+ years in real estate (residential developer preferred)
- Prior team handling experience
Click on Apply to know more.