09 Aug
|
Time Hack Consulting
|
Bengaluru
09 Aug
Time Hack Consulting
Bengaluru
Greetings,
We are pleased to share an exciting job opportunity for a Finance Controller .
— Confidential Finance Controller
Role title Finance Controller Department Finance & Legal Reports to Chief Executive Officer (CEO) Location Bengaluru, Karnataka Employment type Full-time, permanent Qualification Chartered Accountant (CA) — mandatory Experience required 5-8 years, with real estate industry exposure Role level Head of Function / Senior Leadership
- About Us
We are a Bengaluru-based bespoke luxury real estate developer, we are scaling from boutique developer to a multi-project luxury platform.
- Role Summary
The Finance Controller will serve as the financial nerve centre of the company, reporting directly to the CEO. This is a dual mandate role — part strategic advisor, part operational guardian. The incumbent will own the full financial picture of the company: from project-level costing and budgeting, to statutory compliance, to delivering sharp MIS-driven insights that enable the CEO to make confident, data-backed decisions. As the company scales across multiple simultaneous live projects, the Finance Controller will also build and lead the finance function, creating systems, controls, and a team that can support rapid, disciplined growth.
- Key Responsibilities
3.1 Strategic financial advisory & MIS
- Design, own, and continuously improve the Monthly Management Information System (MIS) — covering P&L;, cash flow, project-wise cost tracking, receivables, collections, and key financial ratios.
- Present a clear, concise financial health dashboard to the CEO on a monthly (and ad-hoc) basis, with actionable insights and forward-looking commentary.
- Support the CEO in financial modelling for recent land acquisitions, project launches, partnership structures, and investor reporting.
- Conduct scenario analysis and stress-testing of the company's financial position under different project timelines, sales velocities, and cost assumptions.
- Provide independent financial assessment of major vendor contracts, JV structures,
and capital deployment decisions.
3.2 Project costing & budgeting
- Build and maintain detailed project budgets for each active and upcoming development — covering construction cost, design, consultancy, regulatory, marketing, and corporate overhead allocations.
- Work closely with the VP Projects, Design Development Head, and Procurement teams to establish and enforce cost benchmarks per square foot / per villa across all construction typologies.
- Track actual-vs-budget variance on a monthly basis; flag overruns early, investigate root causes, and recommend corrective actions.
- Own the project cash flow forecast — aligning construction draw-down schedules with collection milestones, construction timelines, and vendor payment obligations.
- Evaluate and approve all significant purchase orders, contractor bills, and change orders from a cost-control standpoint.
- Build cost models for upcoming projects during pre-launch stage, supporting competitive pricing and margin analysis.
3.3 Financial compliance & controls
- Ensure full compliance with all applicable statutes: Income Tax, GST, RERA (Karnataka), Companies Act / LLP Act, FEMA, TDS/TCS, and any sector-specific regulatory obligations.
- Manage statutory audits, internal audits, and tax assessments — liaising with auditors, consultants, and regulatory authorities.
- Implement and maintain a robust internal financial controls framework covering revenue recognition, vendor payments, expense approvals, banking, and treasury.
- Ensure timely filing of all returns: GST, TDS, advance tax, ROC filings, and any RERA-mandated disclosures.
- Maintain clean and audit-ready books of accounts at all times; own the completeness and accuracy of financial records in the accounting system.
3.4 Accounts & treasury management
- Oversee day-to-day accounting operations — accounts payable, accounts receivable, bank reconciliations, and ledger management — executed through the Accounts team.
- Manage the company's banking relationships; negotiate credit facilities, working capital lines, and construction finance where applicable.
- Optimise cash deployment — ensure collections from homebuyers are tracked diligently and funds are applied in line with RERA escrow requirements.
- Maintain a clear view of fund flow across all project escrow accounts and the corporate account; ensure no commingling of funds.
3.5 Team leadership & systems
- Lead and mentor the Finance & Accounts team (currently comprising Manager Finance, two Accounts Associates, and this Finance Controller role).
- Identify gaps in financial systems and processes; implement ERP/accounting software upgrades, automation, and reporting tools appropriate to the company's scale.
- Set up standard operating procedures (SOPs) for all finance processes — payment runs, approval workflows, month-end close, and audit preparation.
- Interface with the Product & Technology team to ensure MIS dashboards and financial data pipelines are accurate and timely.
- Key Interactions
Stakeholder Nature of engagement CEO Primary reporting; monthly MIS, financial advisory, strategic decisions COO Project cost oversight, budget approvals, operational finance VP Projects / Construction Head Construction cost tracking, billing clearances, budget vs actual QS Head / Budgets Head Cost benchmarking, quantity surveying integration, BOQ reviews Sales Head Collections tracking, revenue recognition, CRM reconciliation VP Procurement & Contracts Vendor payment terms, contract cost validation, procurement budgets Design Development Head We look forward to hearing from you.
Best regards,
The Recruitment Team
📌 Head of Finance Controllership (Bengaluru)
🏢 Time Hack Consulting
📍 Bengaluru