Financial Controller - Real Estate

Job Title : Financial Controller Real Estate

Function : Finance & Accounts

Qualification : B.Com/ CA

Age 35 years to 45 years

- Minimum 15 years experience of handling Finance & Accounts functions. 10 years of experience in residential/luxury multi story apartment construction company, of a multinational group.5 years as Financial Controller or Finance Manager

- Good experience of working in an ERP environment like SAP, Mfg-Pro, Oracle, Microsoft Dynamics systems.

- International experience required, preferably in emerging markets, and/or Africa

- Overall accountability of controlling, financial accounting, treasury, accounts payable/receivable, working capital management, MIS, budgeting & reporting, ERP implementation, tax matters, administrative activities, etc

Controlling & Financial Accounting :

- Review of day to day transaction for timely & accurate booking of cost to the respective cost center, department and divisions while authorizing the vouchers for payment

- Review of the trial balance at the end of month and take corrective steps to enable drawing MIS from the system

- Sub-ledger control account tally every month for all the sub-ledgers including inventory accounts vis-a-vis respective inventory valuation from the inventory module, trial balance of creditors and debtors from the respective modules in the ERP system

- Fixed Assets additions scrutiny and capitalization thereof

- Outstanding liabilities review for the month and the booking thereof in the finance accounts

- Inter company reconciliation & corrective steps

- Audit schedule for financial audit on a monthly basis

- Internal audit report review concerning the finance & accounts department

- Approve all sales & purchase journals

Treasury :

- Approval of all payments in e-payment systems, cheques, etc.

- Cash Flow forecasting & organizing financing or credit lines to cover for future cash needs

- LC and trade finance

- Daily collections & routing cheques to banks

- Confirmation of Tellers of the customers to enable receipting the same.

- Review of cheques on hand on a daily basis with the control account

- Bank reconciliation review and approval & corrective steps

- Review the liabilities to the banks and providing funds to meet the commitments

- Daily cash balances to confirm with the GL

- Clear payments in the system for all the cheques as well as direct transfers on line.

Accounts Payable :

- Review LPOs sent by Engineering for projects and maintenance for justification & correctness in terms of accounting & approve the LPO in the ERP system

- Accounting & marketing related Service LPOs to approve in the ERP

- Review vendor posted invoices which are due for payment and endorse for releasing the payments.

Accounts Receivables :

- Confirmation of tellers for direct payments in to the bank by customers before receipts are posted

- Credit Note authorization

- Credit Limit review and authorization in the system

- Age analysis review and bad debts provision review

- Monthly schemes, discount and price groups update in the system.

Working capital management :

- Review all orders of for materials and equipment to ensure optimal stock and price

- Ensure timely collections of receivables

- Manage payments optimally.

MIS :

- Monthly P&L, balance sheet, cash flow, working capital management reports

- Reporting the budget v/s actual variance in MIS

- Monthly report of construction costs vs budget.

Budgeting & Reporting :

- Preparation of Master Budget for the Business Units

- Preparing all construction and control reports on a monthly basis and review the budget v/s actual by the Business Units

- Monthly report of construction costs vs budget.

Tax matters :

- In coordination with Group, coordinate all tax matters and ensure compliance and timeliness.

ERP :

- Implementation of Financial and Project management modules/programs

- ERP training to users.