Designation: Financial Controller - Projects

Function(s) : Finance & Accounts

Start Date: ASAP

Location: Mumbai

Remuneration: Highly competitive

About Virtuous Retail:

Founded in 2007, Virtuous Retail is India's leading institutionally-backed retail platform that designs, develops, owns, and manages community-oriented lifestyle centres across the country. Virtuous Retail's current pan-India portfolio is 14 million sqft., with four operational flagship centres VR Surat, VR Bengaluru, VR Chennai, and VR Punjab, two recent acquisitions undergoing upgradation to VR flagships at Ambarsar and Nagpur, a soon-to-be-launched second centre in Bengaluru, and two projects under development in Delhi and Mumbai.

Over the last 13 years, Virtuous Retail has redefined the spatial retail experience for consumers by delivering innovative centres that seamlessly integrate shopping, hospitality, food, leisure, and entertainment. These award-winning lifestyle centres are designed and operated by Virtuous Retail as social hubs that are - Connecting Communities-, contributing significantly to India's economy, and enhancing the overall brand image of the city they are located in by celebrating the local culture.

About the Opportunity :

Besides an attractive remuneration package, working for Virtuous Retail gives you the opportunity to join a high-growth retail real estate platform that is leading the transformation of retail spaces in India.

In this role, you will be working directly with the company's senior management, and will get to immediately create a meaningful impact across several projects, including INR ~2,400 crore and INR ~1,500 crore landmark city center developments underway in Mumbai and Delhi respectively. The team is fast paced, hard-working, and results-oriented, and we are committed to providing you the opportunity to move ahead more rapidly than is possible at most other places in this industry.

Core Responsibilities :

1) Financial Reporting and Compliance:

- Ensuring monthly closing of the financial records and necessary reporting

- Managing timely preparation and finalization of accounts and statements (including quarterly, half-yearly and annual), ensuring conformance to regulatory accounting standards

- Present periodic financial statements through Balance Sheet account & P&L account review and reconciliation to identify and manage risks;

- Reports - Debtors report, CAPEX, OPEX, Asset management etc.

- Liaise with both internal auditors, and external auditors

2) MIS & Records:

- Review and organization of all vendor agreements/ essential documents

- Verification and upkeep of all the VR agreements

- Prepare budgets for both operations and development activities

- Prepare timely MIS report in the prescribed format and ensure submission to the PCG

3) Taxation:

- Responsible for statutory compliances and period returns under Income Tax, GST, PF, ESIC, MSME etc.

- Working closely with external tax consultants and representing the organization in connection with tax assessments and tax litigations under Income Tax and Service tax matters.

- Coordination with auditors for providing details for tax audits, (b) transfer pricing audits (c) quarterly limited reviews, (d) statutory audits etc.

4) Treasury & Banking:

- Prepare P&L forecasts for the project as part of the corporate model forecasting of the group

- Handle project payments and cash flow

- Lead the group ERP accounting & finance platform initiative, including implementation of the project finance module

- Coordinate with the banks for drawdown of loans, and reporting on covenants

- Coordination with suppliers, vendors and service providers

- Regulatory reporting in respect of debt securities, including Quarterly & Half yearly compliance under Debt listing agreement to Stock Exchanges/SEBI.

- Ledger scrutiny, Debtors and creditors ageing

- Opening, closing and modification in bank accounts

Qualifications / Experience Required:

- A qualified Chartered Accountant, with minimum 5 years post-qualification experience with a CA firm (or 10 years in the corporate sector)

- MBA and / or ICSI qualifications (preferred)

- Minimum of three years- experience working on a development project of greater than 300 cr.

- Knowledge of FEMA - FC-GPR, FC-TRS, DI, FLA

- Knowledge of Companies Act 2013

- Knowledge of IND AS

- Experience in issuer-side compliance of private & listed debt securities

- Experience in leading a team

- Experience in implementing ERP accounting & finance platforms

- Experience in Yardi, Aconex, Procore etc. a plus

- Proficiency in using Excel, and preparing spreadsheet reports

Preferred Qualities:

- Outstanding communication and negotiation skills

- Excellent organizational and time-management skills

- A team player with leadership abilities

- Hands-on experience and attention to details

- Excellent communication and interpersonal skills

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