Financial Controller

THE Talent Keepers; Gurugram District; On-site; INR 900,000 - 1,300,000; Full time

Job summary

THE Talent Keepers is seeking a seasoned finance professional for real estate projects in India. The role focuses on project financial management, budgeting, forecasting, and reporting for residential developments, ensuring IND AS and RERA compliance.

You will coordinate with legal, procurement, and construction teams, monitor costs, manage risks, and provide timely financial updates to senior management and external auditors.

Qualifications

• Real estate background mandatory.
• Strong knowledge of budgeting, forecasting, and financial reporting.
• Experience with IND AS and construction accounting.
• Familiarity with RERA compliance and related disclosures.
• Stakeholder communication with senior management and contractors.
• Knowledge of GST, PF, and TDS compliance.

Responsibilities

• Develop and manage project budgets, forecasts, and financial plans for residential real estate projects.
• Prepare and present financial reports (P&L, cash flow, variance analysis) for senior management.
• Ensure IND AS compliance in financial statements for long‑term construction projects.
• Ensure RERA compliance including disclosures, escrow, and fund utilization.
• Implement project controls to monitor cost performance and mitigate overruns.
• Coordinate with stakeholders and provide regular financial updates to management.
• Oversee GST, PF, and TDS and liaise with auditors for timely audits.

Skills

Real estate finance

Budgeting

Financial reporting

IND AS

RERA compliance

Cost control

Risk management

Stakeholder communication

Job description

We are Hiring!

Note: Real estate background is mandate

Job Responsibility:

• Project Financial Management & Reporting: Develop and manage project-specific budgets, forecasts, and financial plans for residential real estate projects. Monitor and control project expenditures to prevent budget overruns and delays. Prepare and present detailed financial reports, including profit and loss statements, cash flow statements, and variance analysis, for senior management and stakeholders. Ensure accurate financial accounting and reporting of revenues, costs, and margins as per IND AS standards.
• RERA Compliance: Oversee compliance with RERA regulations for residential real estate projects including ensuring accurate and timely financial disclosures and periodic reports. Collaborate with the legal and project teams to ensure proper accounting treatment of customer advances, project revenues, and cost recognition in line with RERA guidelines. Ensure adherence to RERA fund utilization principles, including escrow accounts and fund allocation for project-related activities.
• IND AS Compliance: Ensure that financial statements for residential real estate projects are prepared in compliance with IND AS accounting standards. Provide guidance on the application of IND AS for revenue recognition, project costing, and financial reporting, particularly for long‑term contracts and construction activities. Liaise with auditors to facilitate timely audits and ensure proper implementation of IND AS.
• Cost Control & Risk Management: Implement and manage strong project controls to monitor and track cost performance and prevent budget overruns. Identify project financial risks such as cost escalations and revenue shortfalls and recommend effective mitigation strategies. Collaborate with project managers and the finance team to conduct cost‑benefit analyses and optimize resource allocation.
• Stakeholder Coordination & Communication: Act as the primary financial point of contact for all financial matters relating to the project with senior management, project managers, contractors, and external consultants. Provide regular financial updates to stakeholders, highlighting key risks, budget performance, and financial forecasts. Collaborate with internal teams (legal, procurement, and construction) to ensure alignment of project financials and compliance with regulatory requirements.
• Financial Systems & Process Optimization: Ensure the effective use of financial management systems for tracking and reporting project financials. Recommend and implement process improvements for budgeting, forecasting, and reporting enhance financial efficiency. Train and guide project teams in understanding financial protocols, accounting standards, and project cost management.
• Compliance & Risk Management: Ensure compliance with financial regulations, tax laws, and corporate governance requirements, including GST, PF, and TDS. Conduct risk assessments to identify and mitigate financial risks related to property management and the profit center. Manage statutory and internal audits and oversee income tax filings, including coordination with Big 4 auditors.