Job Description
JOB OBJECTIVE
To be responsible for all accounting and financial requirements for the Realty Business Unit and to include the Wellness/Hospitality venture in an environment of tight control. Providing financial support, advice and expertise to the Managing Director and the team, with the aim of maximising value. To develop the quality of the finance function within the business unit. Also overlook and direct all aspects of the Realty Purchase department and Information Technology department.
KEY RESPONSIBILITIES
Strategic (Direct ownership)
Responsible for formulation and implementation of the 5 year finance strategy and budget for the business
Design and implement profitable financial models for JVs/ collaboration partners/ strategic alliances
Represent Writer Realty at banks and financial institutions to ensure robust relationships that enhance cash flow
Create financial discipline within Realty and guide the business in building an efficient and effective financial management system
Support the business in developing and finalizing on the major capital expenditure proposals.
Keep a complete update on All Permissions & Permits as required by the various ventures at Realty
Financial (Direct ownership)
Ensure implementation of company's financial policy & procedures for Realty/ Wellness & Hospitality
Drive the preparation of the annual operating plan for Writer Realty/Hospitality/Wellness venture and ensure execution of the same across projects and locations
Ensure effective asset management and control of all Realty assets and monitoring of bank guarantees.
Ensure all contractual engagements with clients are profitable
Analyze and present financial performance of Realty/ Wellness & Hospitality to the MD
Ensure that the accounting policies are in place and all financial transactions are accounted and shown in books of accounts as per legal/statutory requirements
Ensure timely and accurate finalization and closure of books of accounts and financial reporting process.
Prepare financial models for new projects and advise management on financial aspects and sensitivity analysis, monitor the cash flow statements of the company with the optimal utilization of available funds
Finalize the P&L and balance sheet
Ensure review of annual budgets and forecast by providing inputs on business drivers and continuous monitoring of actual expense against the budgets
Ensure compliance to all statutory norms in a timely and accurate manner. Responsible for ensuring Compliance (Returns, Asset, Appeals) & Controllership (tax accounting, tax reporting).
Oversee monthly audit of the finance function and drive adherence
Analyze the monthly MIS reports and maintain financial statements for presenting it to the audit committee and board members
Initiate monthly business review, monthly forecast update and all the other relevant financial and operational reports to meet with local and corporate reporting requirements.
Prepare & monitor the cash flows of the company to include the Hospitality & Wellness ventures with the most optimal utilization of the available cash.
Analyze the Quarterly MIS submitted to the Board along with a brief commentary on improvements if any.
Responsible for timely collection of payments.
Provide sophisticated and reliable operational analysis with identifying the key issues in order to support the improvement of business performance.
Manage payables, receivables, inventory, general ledger and all other general accounting aspects to ensure the reliability of the finance information.
Manage tax issues including duty, VAT, GST, income tax and etc. to strictly comply with local tax requirements.
Lead productivity improvement initiatives and any other operational improvement activities in order to achieve profitable growth for the business.
Appraise the organizations financial position and direct the preparation of statistics for periodic and yearly financial statements, and the development and presentation of financial information impacting the business unit's annual operating plans.
Responsible for all strategic and financial planning functions as well as treasury, cash management, external relations, acquisitions and capital spending.
People (Direct ownership):
Recruit, develop and retain the team.
Ensure focused cascading of organizational KPIs into functional objectives and finally into individual KPIs and review performance against the same based on a set calendar
Ensure timely goal setting, evaluation and training for the team
INTERFACES
EXTERNAL
Banks/ FIs/ Partners
Local Statutory Authorities
Asset manager
INTERNAL
MD and COO
DESIRED KNOWLEDGE AND EXPERIENCE
QUALIFICATION
Chartered Accountant from premier Indian or International Institutes
EXPERIENCE
12-18 years of related experience in service industry handling pan India responsibilities. Should have led accounts & finance corporate & business level for 8-10 years in a /hospitality firm. Must have handled Infrastructure and hospitality projects. Experience in a start-up situation is desirable.
PROFESSIONAL CERTIFICATION
ICWA/ CFA
Job Classification
Industry: Other
Functional Area: Accounts, Finance, Tax, Company Secretary, Audit,
Role Category: Senior Management
Role: Senior Management
Employement Type: Full time
Education
Under Graduation: Any Graduate in Any Specialization, Graduation Not Required
Post Graduation: CA in CA
Doctorate: Any Doctorate in Any Specialization, Doctorate Not Required
Contact Details:
Company: Writer Business Services Pvt Ltd
Location(s): Mumbai
Keyskills:
Finance Function
Accounting
Financial Control
Information Technology
