The Sr. Account Executive/ Assistant Manager will be responsible for overseeing the financial operations of the company, ensuring accurate and timely financial reporting, budgeting, and forecasting. This role will also manage day-to-day accounting operations, financial planning, and analysis to support the strategic goals of the company, particularly as it enters the real estate development sector.
Key Responsibilities:
Accounting & Financial Management
Strong grasp of real estate accounting principles
Proficiency in finalization of accounts, including profit & loss, balance sheet, and cash flow statements.
Knowledge of percentage of completion method (POCM) and its implications on revenue recognition in real estate projects.
Cost allocation between land, development, marketing, and other expenses.
Understanding of working capital management, ensuring smooth cash flow and fund management.
Taxation & Regulatory Compliance
GST on Real Estate:
Input Tax Credit (ITC) applicability.
GST rates for affordable vs. luxury housing.
Reverse charge mechanism (RCM) for real estate transactions.
Income Tax & Direct Tax Compliance.
Tax Deducted at Source (TDS) under sections like 194-IA, 194C, and 194H (applicable on property transactions, contractors, and brokerage).
Capital gains tax implications on land transactions.
Income tax treatment of Joint Development Agreements (JDA).
Stamp Duty & Registration Charges
Understanding state-wise variations and exemptions.
RERA Compliance
Financial disclosure requirements under RERA (Real Estate Regulation & Development Act, 2016).
Maintenance of separate bank accounts for project funds as per RERA guidelines.
Municipal & Local Tax Compliance.
Property tax, land-use conversion charges, and other local levies.
Project Finance & Fund Management:
Bank Loans & Project Financing
Knowledge of construction finance, term loans, overdraft (OD), and cash credit (CC) limits.
Loan structuring, including interest rate negotiation and repayment schedules.
Alternative Funding Avenues.
Understanding of private equity, joint ventures (JV), and foreign direct investment (FDI) norms in real estate.
Investor & Lender Relations.
Financial reporting to lenders and investors.
Ensuring timely repayments and compliance with loan covenants.
Budgeting, Cost Control & MIS Reporting
Project Costing & Estimation.
Budgeting land acquisition costs, construction costs, and overheads.
Cost control strategies to optimize project profitability.
Variance Analysis & Cost-Benefit Analysis.
Monitoring deviations from the approved budget and identifying cost-saving opportunities.
Management Information System (MIS) Reports.
Preparation of monthly financial reports, sales reports, and project cost reports for management review.
Cash flow projections and fund requirement analysis.
Understanding of Real Estate financial aspects of legal disputes in NCLT, RERA, or consumer forums
Sales & Customer Finance Management
Tracking collections from buyers & agents.
Handling home loan coordination with banks.
Ensuring smooth agreement execution, payment schedules, and credit control.
Risk Management & Internal Controls
Implementing internal controls for fraud prevention & financial accuracy.
Identifying financial risks in land deals, construction costs, and market
Interested Candidate can share there resume on hr@sayagroup.co.in
Job Types: Full-time, Permanent
Pay: ?50,000.00 - ?65,000.00 per month
Work Location: In person
Beware of fraud agents! do not pay money to get a job
MNCJobsIndia.com will not be responsible for any payment made to a third-party. All Terms of Use are applicable.