AGM/DGM - Finance & Accounts

Swan Realty; Mumbai; On-site; INR 1,800,000 - 2,400,000; Full time

Job summary

Swan Realty in Mumbai seeks an experienced AGM/DGM - Finance & Accounts to oversee day-to-day finance operations across the organisation and its real estate projects.

The role spans accounting, taxation, statutory compliance, MIS, and coordination with project teams, auditors, and external consultants. CA qualification with 12–16 years post-qualification experience is essential.

Qualifications

• CA with 12–16 years of post-qualification experience.
• Experience in real estate finance and project accounting preferred.
• Strong knowledge of Ind AS / GST / TDS and related compliance.

Responsibilities

• Oversee day-to-day accounting operations across the organisation and real estate projects.
• Ensure timely and accurate booking of revenue, expenses, project costs, customer receipts, vendor bills, provisions, accruals and other accounting transactions.
• Review monthly closing activities and ensure timely closure of books.
• Review ledgers, trial balances, ageing, provisions, accruals and unusual transactions.
• Ensure appropriate accounting of inter-company, inter-project and related-party transactions.
• Coordinate preparation of monthly, quarterly and annual financial statements and management reports.
• Review monthly MIS and project-wise financial information before submission to the Financial Controller/Management.
• Monitor key financial indicators including revenue, collections, project costs, commitments, receivables, payables and cash position.
• Oversee project-wise accounting and financial monitoring for ongoing real estate projects.
• Review project costs, commitments, WIP, capitalization and cost-to-complete.
• Monitor project-wise budget versus actual expenditure and highlight material variances.

Skills

Leadership

Financial Analysis

Stakeholder Management

Education

Chartered Accountant (CA)

Job description

Experience Required: 12 to 16 years post-qualification experience

Qualification: Chartered Accountant (CA)

Role Overview:

We are seeking an experienced and hands-on AGM / DGM - Finance & Accounts to oversee the day-to-day Finance & Accounts operations of the organisation and its real estate projects.

The role will be responsible for ensuring effective execution, review and control of accounting, taxation, statutory compliance, financial reporting, audit, project accounting, RERA-related financial matters, collections, vendor payments, reconciliations and MIS.

The AGM / DGM will lead and coordinate the Finance team across functions/projects, ensure timely completion of all finance deliverables, strengthen processes and internal controls, and proactively identify and escalation financial, compliance and operational issues to the Financial Controller.

The position will act as the key operational interface between the Finance team, project teams, management and external consultants/auditors, while ensuring that day-to-day finance operations are aligned with the overall direction and policies set by the Financial Controller based on Management vision.

Key Responsibilities:

1. Finance & Accounting Operations

• Oversee day-to-day accounting operations across the organisation and real estate projects.
• Ensure timely and accurate booking of revenue, expenses, project costs, customer receipts, vendor bills, provisions, accruals and other accounting transactions.
• Review monthly closing activities and ensure timely closure of books.
• Review ledgers, trial balances, ageing, provisions, accruals and unusual transactions.
• Ensure proper accounting and reconciliation of inter-company, inter-project and related-party transactions.
• Review bank, customer, vendor and other major balance sheet reconciliations.
• Ensure appropriate accounting treatment in accordance with applicable Ind AS / accounting policies.
• Drive timely resolution of accounting issues and open items.
• Coordinate preparation of monthly, quarterly and annual financial statements and management reports.
• Review monthly MIS and project-wise financial information before submission to the Financial Controller/Management.
• Monitor key financial indicators including revenue, collections, project costs, commitments, receivables, payables and cash position.
• Ensure timely and accurate reporting of financial information to management.
• Analyse significant variances and highlight key issues, risks and corrective actions to the Financial Controller.
• Coordinate with various departments to obtain timely and accurate financial information.
• Oversee project-wise accounting and financial monitoring for ongoing real estate projects.
• Review project costs, commitments, WIP, capitalization and cost-to-complete.
• Monitor project-wise budget versus actual expenditure and highlight material variances.
• Review project profitability and financial performance in coordination with the Financial Controller and project teams.
• Ensure appropriate accounting of land advances, development rights, project-related expenses and other project-specific transactions.
• Monitor project-related fund utilisation and financial compliance.
• Coordinate with Projects, Procurement, Sales and other teams for timely resolution of finance-related matters.

4. RERA & Project Compliance

• Oversee financial aspects of RERA compliance for applicable projects.
• Review project-wise collections, withdrawals, utilisation and related financial records.
• Ensure proper maintenance of RERA-related financial documentation and reconciliations.
• Coordinate with project teams, RERA consultants and auditors for RERA reporting, certification and related requirements.
• Monitor compliance with project-specific financial conditions and highlight deviations.

5. Taxation & Statutory Compliance

• Oversee timely and accurate GST, TDS, Income Tax and other applicable statutory compliances.
• Review GST and TDS workings, reconciliations and returns before filing.
• Monitor tax positions, notices, assessments and ongoing tax matters.
• Coordinate with tax consultants and advisors on assessments, notices and technical matters.
• Ensure timely closure of statutory compliance issues and pending matters.
• Identify potential tax risks and opportunities and escalation significant matters to the Financial Controller/Management.

6. Audit & Financial Finalisation

• Coordinate with statutory auditors, internal auditors, tax auditors and other professional advisors.
• Ensure timely preparation and review of audit schedules, confirmations, reconciliations and supporting documents.
• Monitor audit observations and ensure timely closure of open points.
• Coordinate the annual financial statement finalisation process.
• Ensure proper maintenance of books, records and supporting documentation.

7. Banking, Collections & Payments

• Oversee day-to-day banking activities and ensure proper control over bank accounts and transactions.
• Monitor customer collections, outstanding receivables and collection ageing.
• Coordinate with Sales / CRM / Collections teams for timely collection and reconciliation of customer receipts.
• Review vendor payment processes and ensure payments are processed in accordance with approved policies and management approvals.
• Monitor major payment commitments and highlight potential cash-flow pressures to the Financial Controller.
• Ensure proper reconciliation of customer, vendor and bank balances.