Deputy General Manager - Finance - Real Estate Group (10-22 yrs)

Hiring for a Leading Real Estate Group

Top priorities/deliverables

- Managing end to end financial operations for multiple Real Estate projects.

Role characteristics:

- Candidate should be from real estate industry.

- Should have experience of managing multiple projects.

Key stakeholders - Internal and External

Team handling role ( Direct Reporting ) -4 to 5

Candidate will be reporting to -General Manager - North Finance Head

Female Candidates are preferred

MIS and Reporting work

- MIS and reporting - 28th - 3rd/4th of the month.

- CBE finalization on the monthly basis.

- Guidance on entries like transfer of assets, capitalization of assets.

- Understanding on IND AS provision, Inventory reconciliation, reconciling the lifetime PAT to ensure accuracy of financials.

- Review of PL and BS for all projects

- Financials finalizations and audit coordination.

- Ensuring all required compliances as with JV partners/other stakeholders as per underlying documents (DA, SHA, etc)

Income Tax

- Actively involved in the North Zone deals due diligences and evaluation of new BD Deals, Including - structuring of deals. Since recent past, 3-5 deals are ongoing at any point of time.

- Annual income tax returns with computations and basis of preparation for 12+ entities on various dates - 31 July, 30 September. This year onwards November returns are not applicable since no TP transactions.

- Litigation Representation :

Ongoing assessment proceedings and appellate stage representations - notices are received from department on frequent basis and therefore we have ongoing representations to be made to authority at various stages. Separately, there are rectification proceedings ongoing where we disagree with tds short credit/ other adjustments made by the auditor. Also, 133(6) notices are received and replied to as and when they are served.

- Annual Tax Audit Compliance of 5-6 entities and ensuring timely filing of the same

- Annual RBI FLA returns and Direct Tax Form 61A filings with tax department

- Advance tax computations for all the quarters. More emphasis in March where workings are computed twice (on 15th and 30th). Self-Assessment tax workings in April following the year end to discharge majority tax.

- Monthly TDS/ TCS compliances (194-IA and others) and Quarterly TDS/ TCS return filing. TDS expense reco review and Form 26AS reviews at frequent intervals.

- Automation process -Involved in automation process on MIS and Taxation and other reporting tools to improve efficiency.

- Ongoing tds and other tax query management. Handling of TDS and other tax queries, 20 QB correction, TDS defaults, etc,

GST

- Reconciliation of Tax GLs on monthly basis - Output and Input GLs

- Providing monthly data to statutory auditors along with the reconciliation of GLs

- Maintaining Litigation Tracker - Contingent Liability on monthly basis for reporting to the auditors as well as management

- Reply to notices such as Form ADT01, ASMT10, DRC01A, DRC01B, DRC01C, SCN, DRC13, clarifications, endorsement notices for the GST Cases

- Reply to the SCN notices, VAT and service tax refunds for the earlier regime cases

- Reply to the investigations, DGGI and other departmental submission

- Regular meeting with the GST officers for the closure of notices issued to the company

- Review of new land deals from the indirect taxes point of view and ensuring the necessary clauses are captured in the deal to safeguard the company on Section 81 like review of financials of Land owner, obtaining the CA certificate and submitting the Section 81 letters along with the reminder letters to the GST Department

Treasury

- Fund raising from banks and /nbfcs including document closure and all required compliances.

- RERA Audit

- Monitoring data to HO for CMA Report & Credit Rating Analysis

- Monitoring Account Opening for New projects

- Monitoring of BD Fund Arrangements

- LEI Certificate Renewal for SZ entities

- Monitoring RERA Limit Summary & Evaluating between Old & New methods

- Arranging loan for LLPs from external/internal source

- Daily Monitoring of Funds