Position Overview:
The AGM/DGM holds a key leadership role within a real estate development company, responsible for overseeing the financial operations, reporting, and analysis of the organization. This position requires a strong background in accounting and finance, exceptional analytical skills, and the ability to manage complex financial transactions and reporting requirements. The AGM/DGM will collaborate closely with senior management, project teams, and external stakeholders to ensure accurate financial records, compliance with regulations, and effective financial decision-making.
Responsibilities:
- Financial Management:
– Oversee the day-to-day financial operations of the company, including accounts payable, accounts receivable, general ledger, and payroll.
– Develop and implement financial policies, procedures, and controls to ensure accurate and timely recording of financial transactions.
– Prepare and analyse financial statements, including balance sheets, income statements, and cash flow statements.
– Monitor financial performance, identify areas of improvement, and propose strategies to optimize profitability and cash flow.
- Budgeting and Forecasting:
– Lead the annual budgeting process, working closely with department heads to develop comprehensive budgets aligned with company goals and objectives.
– Prepare financial forecasts and projections to support strategic decision-making and long-term planning.
– Monitor budget performance and variances, providing regular reports and analysis to senior management.
– Identify cost-saving opportunities and implement measures to optimize resource allocation.
- Financial Reporting and Compliance:
– Ensure compliance with accounting principles, regulations, and reporting standards (e.g., IAS, GAAP, AFC, IFRS).
– Prepare accurate and timely financial reports for internal stakeholders, senior management, and external parties (e.g., investors, lenders).
– Coordinate and oversee the external audit process, acting as the primary liaison with auditors.
– Maintain and update financial records and documentation, ensuring adherence to record-keeping requirements.
- Cash Flow Management:
– Manage the company’s cash flow, including forecasting cash needs, monitoring inflows and outflows, and optimizing working capital.
– Coordinate with project managers and other stakeholders to track project-specific cash flow requirements.
– Implement strategies to mitigate financial risks and manage liquidity effectively.
- Financial Analysis and Decision Support:
– Conduct financial analysis, including profitability analysis, investment evaluation, and cost analysis.
– Provide insightful financial information and recommendations to senior management for decision-making and strategic planning.
– Evaluate financial feasibility and viability of potential real estate development projects.
– Support business development activities, including financial modelling, due diligence, and investment analysis.
- Team Management and Development:
– Lead and supervise the accounting and finance team, providing guidance, mentoring, and professional development opportunities.
– Foster a collaborative and high-performance work environment, promoting teamwork and continuous improvement.
– Conduct regular performance evaluations, set goals, and provide constructive feedback.
Qualification:
– Qualified CA with Minimum of 10-15 years of progressive experience in accounting and finance, preferably in the real estate development industry with 300 Cr+ turnover business.
– Professional accounting designation (e.g., CPA) is highly desirable.
– In-depth knowledge of accounting principles, financial regulations, and reporting standards (e.g., GAAP, IAS, AFC, IFRS).
– Strong understanding of real estate development financial processes, including project accounting, cost allocation, and revenue recognition.
– Proven experience in financial analysis, budgeting, and forecasting.
– Excellent analytical skills, with the ability to interpret financial data and generate meaningful insights.
– Proficiency in financial management software and ERP systems.
– Strong leadership and team management abilities.
– Exceptional communication and interpersonal skills.
– Attention to detail and accuracy in financial reporting and analysis.
– Ability to prioritize and manage multiple tasks and deadlines effectively.
– Understanding of real estate industry dynamics, market trends, and relevant tax regulations.
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