General Manager - Finance & Accounts

Job Purpose:

To manage the complete Finance & Accounts function of the assigned Residential Real Estate Project, ensuring effective financial planning, budgeting, accounting, cash flow management, statutory compliance, project cost control and financial reporting.

The role will be responsible for monitoring the financial health of the residential project from project inception through construction, sales, collections and project completion, ensuring financial discipline and alignment with the organisation's business objectives.

Key Roles & Responsibilities:

Project Finance & Financial Planning:

- Independently manage the finance and accounts function of the assigned residential project.

- Prepare project-wise budgets, financial projections and cash flow statements.

- Monitor project financial performance against approved budgets and business plans.

- Develop financial models covering project costs, revenue, profitability and cash flow.

- Support management in financial feasibility studies and project investment decisions.

Accounts & Financial Control:

- Oversee day-to-day accounting operations, including accounts payable, receivables, general ledger and bank reconciliations.

- Ensure accurate project-wise accounting and financial reporting.

- Monitor vendor payments, contractor bills, advances and outstanding balances.

- Establish financial controls and ensure proper documentation of all financial transactions.

- Ensure timely closure of monthly, quarterly and annual accounts.

Project Cost Control & Monitoring:

- Monitor construction costs, project expenses, procurement costs and contractor payments.

- Track actual expenditure against approved project budgets.

- Analyse cost variations and highlight deviations to management.

- Coordinate with Projects, Procurement and Contracts teams for cost validation and payment certification.

- Monitor commitments, work orders, purchase orders and pending liabilities.

Sales, Collections & Revenue Monitoring:

- Monitor residential sales bookings, customer collections and outstanding receivables.

- Track customer payment schedules, cancellations, refunds and overdue payments.

- Reconcile sales data with CRM and accounts records.

- Monitor revenue recognition in line with applicable accounting standards.

- Coordinate with Sales, CRM and Legal teams for collection efficiency and financial closure.

Banking, Fund Management & Cash Flow:

- Manage project cash flows and working capital requirements.

- Coordinate with banks and financial institutions for project funding and banking facilities.

- Monitor utilisation of project funds and ensure adherence to applicable fund-utilisation requirements.

- Manage RERA-designated bank accounts and ensure compliance with applicable withdrawal and utilisation provisions.

- Prepare monthly cash flow forecasts and funding requirement statements.

Statutory Compliance & Taxation:

- Ensure compliance with GST, TDS, Income Tax, Companies Act and other applicable statutory requirements.

- Ensure compliance with RERA financial reporting and project-related requirements.

- Coordinate statutory audits, internal audits and tax audits.

- Ensure timely filing of statutory returns and payment of applicable taxes.

- Liaise with auditors, consultants, banks and statutory authorities.

MIS & Management Reporting:

- Prepare monthly project-wise financial MIS.

- Present budget versus actual expenditure and variance analysis.

- Provide reports on project profitability, cash flow, collections and outstanding liabilities.

- Highlight financial risks, cost overruns and funding gaps to management.

- Provide financial inputs for management reviews and strategic decisions.

Team Management & Coordination:

- Lead and supervise the Finance & Accounts team assigned to the residential project.

- Establish accounting processes, SOPs and internal control mechanisms.

- Coordinate with Project Execution, Procurement, Sales, CRM, Legal and Corporate Finance teams.

- Ensure timely processing of vendor payments and resolution of financial issues.

- Build a strong financial governance framework for the project.

Educational Qualification:

- CA / CMA preferred.

- MBA - Finance / M.Com with strong experience in project finance and accounts may also be considered.

- Strong knowledge of accounting standards, taxation, RERA and real estate financial management.

Desired Experience & Competencies:

- 15 - 20 years of experience in Finance & Accounts.

- Minimum 5 - 8 years of experience in real estate / construction project finance.

- Experience in independently managing the finance function of large residential projects.

- Strong knowledge of project costing, budgeting, cash flow and fund management.

- Exposure to RERA, project finance, construction accounting and revenue recognition.

- Experience in ERP systems, financial modelling and advanced Excel.

- Strong leadership, analytical, communication and stakeholder management skills.