Senior Manager / General Manager – Finance & Accounts

Location: Chennai Industry: Real Estate / Construction

Company: Rattha Realty

Position Summary

Rattha Realty is seeking an experienced Senior Manager / General Manager – Finance & Accounts to lead the finance function for multiple real estate projects. The role requires strong expertise in financial accounting, taxation, RERA compliance, treasury management, project accounting, statutory reporting, and internal controls. The ideal candidate should possess extensive experience in residential and commercial real estate accounting, Percentage of Completion (POC) accounting, GST, Income Tax, TDS, RERA regulations, banking, and ERP/Tally-based financial management.

Key Responsibilities

Financial Accounting & Reporting

* Lead end-to-end accounting operations for multiple real estate projects.

- Ensure timely month-end and year-end financial closing.
- Prepare MIS, P&L;, Balance Sheet, Cash Flow Statements, and management reports.
- Ensure compliance with applicable Accounting Standards and Ind AS.
- Oversee project-wise cost accounting and cost center reporting.

Project Accounting & Cost Control

* Maintain project-wise accounting through Cost Centres.
- Monitor project budgets, cost overruns, and profitability.
- Prepare project cost reports and variance analysis.
- Ensure proper capitalization of project costs.
- Support management in financial planning and budgeting.

RERA Compliance

* Ensure compliance with all RERA financial regulations.
- Manage designated 70% and operational 30% bank accounts.
- Coordinate Form 1, Form 2, Form 3, and Form 5 certifications.
- Prepare quarterly financial updates for RERA portal filings.
- Monitor project withdrawals based on certified project progress.
- Ensure proper utilization of escrow funds.

Taxation & Statutory Compliance

* Ensure accurate GST accounting and monthly GST returns.
- Perform GSTR-2B reconciliation and ITC verification.
- Ensure timely TDS deduction, payment, return filing, and certificate issuance.
- Handle Income Tax, GST, Qualified Tax, Labour Cess, and statutory compliances.




- Coordinate statutory, internal, GST, and income tax audits.

Treasury & Banking

* Manage project cash flow and working capital.
- Prepare weekly and monthly fund flow statements.
- Handle banking relationships and loan documentation.
- Monitor project financing and utilization of funds.
- Process vendor payments after complete document verification.
- Perform daily/weekly bank reconciliation.

Accounts Payable & Receivable

* Verify Purchase Orders, Tax Invoices, GRNs, Delivery Challans, and approval documents before processing payments.
- Monitor customer collections and outstanding receivables.
- Ensure milestone billing and collection tracking.
- Manage vendor advances, retention money, and reconciliation.

Internal Controls & Audit

* Establish strong financial controls and SOPs.
- Ensure maker-checker controls for payments.
- Maintain complete audit documentation.
- Coordinate with internal and statutory auditors.
- Identify financial and compliance risks and recommend corrective actions.

ERP / Tally Management

* Manage accounting through Tally Prime or ERP systems.
- Configure project-wise cost centres and financial reporting.
- Control user access, voucher authorization, and period locking.
- Ensure daily data backups and data security.

Team Leadership

* Lead and mentor the Finance & Accounts team.
- Allocate work and monitor team performance.
- Coordinate with Projects, Procurement, Sales, CRM, Legal, and Management.
- Drive process improvements and automation initiatives.

Candidate Profile

Education

* Chartered Accountant (CA) preferred.
- CMA / MBA (Finance) / M.Com / ICWA may also be considered based on relevant experience.

Experience

* 12–18+ years of Finance & Accounts experience.




- Minimum 8 years in Real Estate / Construction industry.
- Experience managing multiple RERA projects is essential.
- Experience in residential and commercial projects preferred.

Technical Skills

The candidate should have strong working knowledge of:
- Indian Accounting Standards (Ind AS)
- Percentage of Completion (POC) Accounting
- RERA Compliance
- Escrow (70/30) Account Management
- GST & GST Reconciliation
- TDS (Sections 194C, 194J, 194-IA and other applicable provisions)
- Income Tax Compliance
- Project Costing
- Cash Flow & Treasury
- Working Capital Management
- Budgeting & Forecasting
- Internal Controls
- Bank Reconciliation
- Vendor Management
- Statutory Audits
- Tally Prime / ERP
- Advanced Microsoft Excel (Pivot Tables, Power Query, Lookups, Dashboards)
- MIS Reporting

Key Competencies

* Strong analytical and commercial acumen
- Excellent leadership and people management skills
- High attention to detail
- Strong problem-solving ability
- Effective communication and stakeholder management
- Ability to manage multiple projects simultaneously
- Strong compliance orientation
- Integrity and confidentiality

Performance Indicators (KPIs)

* Timely financial closing
- Accurate MIS reporting
- Zero major audit observations
- GST and TDS compliance
- Timely statutory filings
- Accurate RERA reporting
- Efficient working capital management
- Vendor payment turnaround
- Budget adherence
- Cash flow optimization
- Successful audit completion
- Team productivity and development

Preferred Industry Background

* Real Estate Developers
- Construction Companies
- Infrastructure Developers
- Property Development Firms
- Integrated Township Projects

Reporting To

Chief Financial Officer (CFO) / Managing Director

Team Handling

Finance & Accounts Executives, Accounts Officers, Treasury Executives, Site Accountants, and Compliance Team.

Compensation

Best in the industry and commensurate with qualifications, experience, and demonstrated expertise in real estate finance and RERA compliance.

📌 Senior Finance Manager ( Real Estate ) (Chennai)
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📍 Chennai