Compliance & Accounts Manager

Position Title

Compliance & Accounts Manager

Department: Accounts & Finance

Reporting To: Chief Financial Officer (CFO) / Finance Head / Managing Director

Location: Bengaluru

Position Summary The Compliance & Accounts Manager is responsible for overseeing the organizations accounting functions while ensuring full compliance with statutory, financial, regulatory, and RERA (Real Estate Regulatory Authority) requirements. The role involves managing financial reporting, taxation, audits, statutory filings, RERA compliance, internal controls, and adherence to applicable laws. The incumbent will work closely with internal departments, external auditors, consultants, regulatory authorities, and RERA authorities to maintain financial integrity and regulatory compliance.

Key Roles & Responsibilities

A. Financial Accounting

- Manage the day-to-day accounting operations of the organization.
- Ensure accurate recording of all financial transactions in accordance with accounting standards.
- Prepare monthly, quarterly, and annual financial statements.
- Maintain the General Ledger, Trial Balance, and Books of Accounts.
- Reconcile bank accounts, customer accounts, vendor accounts, and inter-company transactions.
- Monitor cash flow, fund utilization, and working capital requirements.
- Ensure project-wise accounting and cost allocation for RERA-registered projects.

B. Statutory Compliance
- Ensure compliance with all applicable statutory regulations, including GST, TDS, Income Tax, Professional Tax, PF, ESI, Labour Welfare Fund, and other regulatory requirements.
- Prepare and file statutory returns within prescribed timelines.
- Maintain a statutory compliance calendar and ensure adherence to all due dates.
- Liaise with government departments, tax authorities, and regulatory agencies.
- Respond to notices, assessments, and compliance-related queries from authorities.

C. Taxation
- Prepare and file GST returns (GSTR-1, GSTR-3B, Annual Returns, and Reconciliations).
- Verify GST Input Tax Credit (ITC) and perform periodic reconciliations.
- Ensure timely deduction and remittance of TDS.
- Prepare and file quarterly TDS returns.
- Coordinate Income Tax return filings and tax assessments.
- Monitor tax compliance and identify opportunities for process improvements.

D. Audit & Internal Controls
- Coordinate statutory, internal, GST, tax, and RERA compliance audits.
- Prepare audit schedules and provide supporting documentation.
- Ensure implementation of audit recommendations.
- Strengthen internal financial controls and compliance processes.
- Identify financial and compliance risks and recommend corrective measures.

E. Accounts Payable & Receivable




- Review vendor invoices and process payments.
- Monitor customer collections and outstanding receivables.
- Ensure timely vendor payments while maintaining cash flow discipline.
- Review ageing reports and follow up on overdue balances.

F. Payroll & Employee Compliance
- Coordinate payroll accounting with the HR department.
- Ensure accurate statutory deductions such as PF, ESI, PT, and TDS.
- Reconcile payroll expenses with financial records.
- Ensure timely statutory remittances related to employee benefits.

G. Budgeting & Financial Reporting
- Assist in preparing annual budgets and financial forecasts.
- Monitor budget utilization and variance analysis.
- Prepare monthly MIS reports for management.
- Provide financial analysis to support strategic decision-making.
- Prepare project-wise financial reports as required under RERA regulations.

H. Banking & Treasury Management
- Manage banking relationships and banking operations.
- Monitor daily cash and bank balances.
- Coordinate loan documentation and banking compliance.
- Prepare cash flow and fund flow statements.
- Monitor project-specific bank accounts and escrow accounts as mandated under RERA.

I. Regulatory Compliance (Including RERA)
- Ensure compliance with the Companies Act, RERA Act, and other applicable corporate regulations.
- Coordinate with Company Secretaries, legal advisors, consultants, and RERA authorities on statutory matters.
- Ensure timely submission of RERA quarterly updates, financial disclosures, and project compliance reports.
- Monitor compliance with RERA escrow account requirements and utilization of project funds.
- Coordinate with project, sales, legal, and engineering teams to ensure adherence to RERA guidelines.
- Maintain statutory registers, RERA records, approvals, and regulatory documentation.
- Support board and management reporting requirements.

J. Documentation & Record Management
- Maintain financial records, vouchers, contracts, RERA documents, and statutory records.
- Ensure proper document retention as per legal requirements.
- Maintain records for audit and regulatory inspections.

K. Team Leadership
- Lead, mentor, and supervise the Accounts & Compliance team.
- Allocate responsibilities and monitor performance.
- Conduct training on statutory updates, RERA regulations, and accounting practices.




- Promote continuous improvement in financial processes.

Educational Qualification
- B.Com ( Accounts & Taxation ) with relevant experience.

Experience
- 815 years of experience in Accounts, Finance, Taxation, Statutory Compliance, and Regulatory Compliance.
- Minimum 3–5 years of hands-on experience in RERA compliance for residential and commercial real estate projects.
- Experience in the Real Estate, Construction, or Infrastructure industry is mandatory.
- Strong knowledge of the Real Estate (Regulation and Development) Act (RERA) and project financial compliance.
- Hands-on experience with ERP systems such as Farvision or similar platforms.

Required Skills
- Financial Accounting
- GST, TDS, and Income Tax Compliance
- RERA Compliance & Regulatory Reporting
- Escrow Account Management
- Project-wise Financial Accounting
- Financial Reporting & MIS
- Budgeting and Cost Control
- Audit Coordination
- Cash Flow Management
- Internal Financial Controls
- ERP & Advanced Microsoft Excel
- Analytical and Problem-Solving Skills
- Leadership and Team Management
- Excellent Communication and Interpersonal Skills

Key Performance Indicators (KPIs)
- 100% on-time statutory and RERA filings.
- Timely monthly and annual financial closing.
- Zero major statutory or RERA non-compliance observations.
- Successful completion of statutory, internal, tax, and RERA audits.
- Accurate GST, TDS, tax, and RERA reconciliations.
- Effective cash flow and RERA escrow fund management.
- Timely preparation of MIS and project financial reports.
- Solid internal financial controls with minimal audit observations.
- Continuous process improvements and compliance adherence.

Competencies
- High integrity and ethical standards.
- Strong analytical and decision-making ability.
- Excellent organizational and time management skills.
- Ability to work under pressure and meet strict deadlines.
- Attention to detail and commitment to accuracy.
- Collaborative leadership and stakeholder management.
- Strong knowledge of accounting standards, statutory regulations, and RERA compliance requirements.Role & responsibilities

Preferred candidate profile

- 8–15 years of experience in Accounts, Finance, Taxation, Statutory Compliance, and Regulatory Compliance.
- Minimum 3–5 years of hands-on experience in RERA compliance for residential and commercial real estate projects.
- Experience in the Real Estate, Construction, or Infrastructure industry is mandatory.
- Strong knowledge of the Real Estate (Regulation and Development) Act (RERA) and project financial compliance.
- Hands-on experience with ERP systems such as Farvision or similar platforms.

📌 Compliance & Accounts Manager (Bengaluru)
🏢 Vaishnodevi Melange Estates
📍 Bengaluru