Financial Controller - Commercial Real Estate Business Unit - CA

Client

Our Client is the Realty subsidiary of one of India's oldest business and well respected business houses

Summary

The role collates, analyses and creates actionable financial intelligence for the Commercial real estate business unit.

Financial Books Maintenance

Financial reporting & helping BU heads identify priorities

Key Result Areas

- Provide excellent leadership and management of Corporate Finance, measured by the effectiveness, engagement and business unit respect of the team.

- Build productive working relationships with stakeholders in order to understand their business operations and the financial information needs of end users.

- Manage relationships with others across the company to achieve alignment in key business strategies and decisions.

- Manage the Business units cash flows within available facilities, providing appropriate reporting to Executive Management.

- Collaborate, design, implement and review finance systems, policies and procedures to ensure continuous improvement and contemporary relevant practices.

- Ensure reporting functions and responses to ad-hoc requests for financial related information are appropriately delivered.

- Preparation of annual budgets for Business unit.

Financial Control

- Ensure weekly and monthly reporting on budget and business plan & continuous monitoring of the same

- Responsible for assessment of monthly performance, analysis of variance from budgets, identification of areas for corrective actions and risks

- Quarterly forecasting of annual results

- Establish systems and processes of ensuring adequate financial discipline and control and reporting on the same

- Set norms for cash management to enable prudent financial management and review the same frequently.

- Initiate and monitor cost reduction activities

Cost Control and Monitoring

- Partner with other departments to facilitate the annual planning process ensuring brand- s/segment's interests are kept in mind

- Provide financial and cost review based on actual / budgets / commitments with head of departments, to identify, measure and monitor actions to control cost and to improve profitability and liquidity situation

- Provide reports for top management undertaking a comparative profitability study for the segment providing project wise/ region wise comparisons on productivity, costs etc.

- Participate in Budget and Operational reviews as the brand/segment representative critically examining alignment of annual budgets vis a vis the brand/segment strategy

- Monitor project performance throughout implementation and provide periodic reports in this respect

- Monitor and track the status of working capital and undertake measures to optimise the same

- Business cases analysis, financial review of contracts and agreement

- Financial evaluation of business cases for new business initiatives. Carry out cost benefit analysis to determine feasibility of new initiatives

- Evaluation of financial due diligence for new deals and providing inputs to the management before taking up new projects. Active member of the Product development task force process and primary owner of project cash flow development

- Review and approve product pricing in order to ensure that correct prices and velocities are incorporated as per agreed margins based on existing market price

- Prepare the detailed feasibility reports for identified projects together with other Project team members but be accountable for all financial analysis. Prepare the final documentation in this respect for Board approvals

- Identify and highlight risk and critical factors for success of new projects

- Review of contracts / agreements from a financial perspective

Business Support

- Provide appropriate input to treasury department for liquidity planning, foreign currency hedging, payment terms, risk management and credit control policies and procedures

- Provision for expenses to accounting department based on actual spends, open financial commitments and inputs from head of departments

- Provide business related information and Input to tax department for pricing study /audits

- Financial evaluation of new business challenges related to changes in internal and external environment so as to enable the brand/segment to be aware of the risks and opportunities and take a more informed decision

Competition tracking

- Analyse competitive business strategy & financial results

- Monitor other companies businesses, for benchmarking, both business & financial

- Understand and implement best practices in terms of managerial, financial and monitoring processes

Person Requirement

- CA with 18 years experience, atleast 3 years in a role where a person managed/ Lead a financial controller function

- Excellent Stakeholder Management - whether its leadership team inside, business or banks and auditors

- Assertive with excellent written and verbal communication

- Capability to lead and develop a growing team

The role reports to the CFO