Financial Controller – Real Estate AKMV Consultants

The Corporate Institute; Mumbai; On-site; INR 6,000,000 - 12,000,000; Full time

Job summary

The Corporate Institute in Mumbai seeks a Chartered Accountant to lead financial control, accounting and compliance for real estate projects. You will own the books, controls and compliance calendar, covering Ind AS, GST, TDS and direct taxes, with a focus on MahaRERA requirements and audit readiness.

You will build robust processes, oversee the accounts team, drive timely closes and deliver accurate MIS to senior management and the board.

Qualifications

• Chartered Accountant with CA qualification and 10–12 years post-qualification experience.
• At least 5 years in finance and accounts within a real estate developer.
• Strong working knowledge of Ind AS (incl. Ind AS 115) and the Companies Act.
• Experience with RERA financial compliance and tax (GST, income tax, TDS).
• Hands-on with ERP systems and advanced MS Excel; AI tools for finance tasks.

Responsibilities

• Own monthly, quarterly and annual closing for the company and project entities.
• Lead revenue recognition under Ind AS 115 and land/project accounting.
• Lead direct and indirect tax compliance and GST for real estate.
• Coordinate audits and ensure timely closure of audit observations.
• Maintain statutory compliance calendar and MahaRERA reporting.
• Design robust processes, internal controls and SOPs for key finance areas.
• Oversee vendor payments and customer receivables against milestones.
• Prepare MIS for senior management and board on profitability and risk.
• Develop and mentor the accounts team for end-to-end finance delivery.

Skills

Analytical skills

Leadership

Reporting to board

Automation mindset

Independent ownership

Education

Chartered Accountant (CA)

Tools

ERP systems

MS Excel

Job description

Designation:

Financial Controller – Real Estate

Location:

Mumbai

Role Overview:

We are looking for a qualified Chartered Accountant to lead financial control, accounting and compliance in Mumbai. The role will own the finance function across development projects, from accounting and book closure through direct and indirect taxation, audits and statutory compliance, to building strong processes and internal controls. The candidate should have strong technical accounting and tax skills, a sound understanding of real estate and RERA requirements, and the ability to independently own the books, controls and compliance calendar.

Key Responsibilities:

• Own the monthly, quarterly and annual closing of books for the company and its project entities, ensuring accurate financial statements in line with Ind AS and the Companies Act.
• Lead revenue recognition for real estate projects under Ind AS 115, and accounting for land, project inventory, joint development and redevelopment arrangements.
• Lead direct and indirect tax compliance, including income tax, TDS, advance tax and GST (including real estate – specific provisions), along with returns, assessments and notices.
• Coordinate statutory, internal and tax audits, liaise with auditors and tax consultants, and ensure timely closure of audit observations.
• Ensure timely statutory compliance under the Companies Act and other applicable laws, and maintain a robust compliance calendar.
• Ensure compliance with MahaRERA financial requirements, including designated account (70%) controls, withdrawal certifications and annual compliance reporting.
• Design and enforce robust processes and internal financial controls, including approval matrices, maker – checker and segregation of duties, so that there is no scope for leakage, pilferage or fraud. Build and document SOPs for key finance processes such as procurement, contractor payments, site materials and customer collections, and drive adherence across teams and sites.
• Oversee contractor and vendor payments against certified RA bills and contract terms, and track customer receivables against milestone – based demands.
• Prepare MIS reports for senior management and the board, covering project profitability, cash position and key financial risks.
• Lead, guide and develop the accounts team, and drive timely and accurate delivery across the finance function.

Candidate Profile:

• Chartered Accountant (CA).
• Minimum 10 – 12 years of post – qualification experience, with at least 5 years in finance and accounts with a real estate developer.
• Strong working knowledge of Ind AS (including Ind AS 115), the Companies Act and RERA financial compliance.
• Strong hands – on expertise in direct and indirect taxation (income tax, TDS and GST) as applicable to real estate.
• Proven experience in managing audits and in setting up processes, internal controls and approval matrices that prevent leakages and fraud.
• Hands – on experience with ERP systems and advanced MS Excel.
• AI – native in approach, comfortable using AI tools in day – to – day finance work such as reporting, reconciliations and analysis, and keen to automate routine accounting to improve speed and accuracy.
• Strong analytical and reporting skills, with the ability to present financial information clearly to senior management and the board. Proven team leadership with a hands – on approach and the ability to independently own the finance function end to end.