Payables Head | Vantrock Real Assets Private Limited | Mumbai Metropolitan Region A developer's payables are not a company's payables. Run a ladder of three that checks every contractor's running bill against certified work and the bill of quantities before a rupee moves — for a platform breaking ground on 2 million sq ft in January.

A note before you read on. The team structure, reporting lines, direct reports, seat titles and hiring entity described in this brief reflect the platform's current plan and may change as the platform builds out. Compensation and incentive structures are confirmed in the offer, not here.

REPORTS TO: General Manager — Finance & Accounts · DIRECT REPORTS: Payables — Senior · Payables — Executive · EXPERIENCE: 10–12 years in accounts payable at a real estate developer or contractor

ABOUT VANTROCK

Vantrock is India's independent, operator-led real assets platform — real assets only — with logistics and industrial as the first phase of its growth.

Founded by Anshul Singhal, Founder & CEO, who has built three institutional platforms from zero and is building the fourth on his own capital: 52 million sq ft delivered (32 million as developer, 20 million as contractor), 2,000+ acres acquired, 200+ buildings, two SEBI Category II funds run to a successful close, India's first domestic warehousing AIF and India's largest industrial real estate exit — delivered across the founder's three prior platforms.

THE FINANCE & ACCOUNTS TEAM

Vantrock keeps its books in-house. The finance function owns every number from the site to the board.

Twenty-one seats when fully built; sixteen live now, one of them already filled. Small enough that every person in it is known by name to the founder; large enough to run a platform properly. Every seat in the team is a builder's seat: the function does not exist yet in the form described here, and the people who join it now are the ones who will decide what it becomes.

A DEVELOPER'S PAYABLES ARE NOT A COMPANY'S PAYABLES In most businesses, payables is a queue: an invoice arrives, it is matched to a purchase order, it is approved, it is paid. At a real estate developer the largest bills are not invoices at all. They are running bills from contractors — for work done in the month, against a bill of quantities agreed at award, certified on site by an engineer, less retention, less advances recovered, plus or minus variations that someone has to have approved.

A payables function that treats a running bill like an invoice pays for work that was not done, releases retention that should have been held, and finds out at the end of the project.

WHY THIS ROLE EXISTS The platform breaks ground on its first 2 million sq ft in January and has 10 million behind it, across four cities. From the first contractor's first running bill, someone has to own the payables — not as a task inside a wider accounts job, but as a function with its own head, its own ladder and its own standard. That person is not yet in the building. This seat is the first hire into the accounts ladder, and it sets the standard the rest of it is trained to.

WHAT YOU WILL OWN

- The payables run. Every bill for every entity — contractors, consultants, vendors, utilities, statutory — captured, matched, checked, approved through the chain and paid on its due date.
- Running bills. Every contractor's running bill checked against the certified quantity and the bill of quantities before it is booked: retention held,



advances recovered, variations only where approved.
- The maker-checker chain. You are the checker for everything your team makes, and the maker for nothing.
- Vendor and contractor ledgers. Reconciled monthly, balance-confirmed quarterly, with no unexplained line older than thirty days.
- Statutory deductions. TDS deducted correctly at source on every payment, GST input matched to what the vendor has filed, and the data handed clean to the general ledger for filing.
- The team. Recruit, train and run the Payables — Senior and the Payables — Executive to the standard above, so that any of the three of you can process a running bill correctly without the other two.
- The month-end handover. Payables closed and reconciled on the calendar the General Manager sets, so the general ledger closes on time.

WHO WE ARE LOOKING FOR

ESSENTIAL

– 10–12 years in accounts payable, of which most at a real estate developer or a construction contractor — where running bills, retention and mobilisation advances were your daily work.

– You know what a bill of quantities is, what a certified quantity is, and what to do when the two do not match. This will be tested in a practical.

– Having run a payables team of two or more, and trained people who had not worked at a developer before.

– TDS and GST as they apply to payments — sections, rates, input matching — in daily use.

– Comfortable with an ERP or accounting system as the single book of record, and with moving a function onto one.

– A Bachelor's degree in commerce. A qualified qualification is not required for this seat.

– Based in the Mumbai Metropolitan Region.

ADVANTAGEOUS

– Having processed payables across multiple project entities or SPVs at once.

– Experience of a system implementation or migration on the payables side.

– Working knowledge of lender monitoring — what a lender's end-use certificate needs from the payables ledger.

WHAT THIS ROLE IS NOT

– Not a general accounts seat. The ledger, the close and the filings belong to the General Ledger — Senior Manager. This seat owns payables, completely.

– Not a seat for someone from a trading or services company's payables desk. If you have never seen a running bill, this is the wrong function to learn on.

– Not an approver's seat. You check; the General Manager and the CFO approve above threshold. The chain matters more than speed.

HOW YOU WILL WORK

– The books are in-house. Every bill is processed at this desk or the two beside it.

– One system of record. Nothing is paid that is not in the system; nothing is in the system that has not been checked.

– Judgment is written down. A held bill has a note saying why; a released one has a name against it.

– Mumbai Metropolitan Region, full-time, in person.

COMPENSATION

Vantrock benchmarks compensation against the upper quartile for the role and market, weighted toward equity for candidates who want to build with us long-term. We discuss specific numbers in the first conversation rather than anchoring either side prematurely.





Wealth creation is part of the engine, not only the salary: a performance-linked annual bonus, and a path to ESOP-linked incentives as the seat grows — priced to the seat and confirmed in the offer.

CULTURAL FIT

We're building Vantrock over a decade, not a funding cycle. We're looking for people who treat technology as the default answer rather than a supplement, who want to be co-builders of the platform rather than employees executing instructions, and who are comfortable saying "I don't know" and "I was wrong." If you want a defined role with defined edges, this isn't the right seat. If you want to help build an institution from zero, it might be.

AI proficiency is a standing requirement in every Vantrock seat. You work fluently with AI tools for research, modelling, drafting and analysis, and you build on the platform's dashboards rather than around them. A supervised AI Proficiency Test is part of the process for every seat, at every level of seniority, and we say so openly.

Partner command is the second standing requirement. The books are ours, but auditors, banks, the fund administrator, valuers, law firms and system vendors are commanded by this team — briefed, held to a standard, integrated — never deferred to. We hire for judgment and accountability.

HOW WE WILL ASSESS

Everyone who applies hears from us within two working days. It carries two links: a fixed set of six questions answered by AI interview — about forty minutes, and the first work sample; we review it before the CV — and the Vantrock AI Proficiency Test, which every hire takes at every level. From there:

- The Payables conversation. The developer whose payables you ran: volume, team, systems, the running bill that taught you most. With the General Manager — Finance & Accounts.
- A two-hour supervised practical. A month of contractor running bills against a bill of quantities and a certification sheet, with planted errors — from which you produce the run you would approve, the bills you would hold, and the note for each. Reviewed with the General Manager.
- References. Two, contacted directly: one former reporting manager and one contractor's or auditor's counterparty.

Once we have received your application, your AI interview and your test, we will reach out with next steps. Your application is confidential: it is seen only by the Founder's Office and the hiring lead, and nothing is shared with your current employer or referenced without your consent.

TO APPLY

Write to [email protected] with the subject line "Payables Head — [your name]", and attach:

– Your CV. This is mandatory — a LinkedIn profile alone is not an application; we will read your LinkedIn as well.

– Your Payables Sheet — one row per employer: entity type, number of project entities, monthly bill volume, team size, system, years, your role. The template is available on request.

– Your notice period and what you would need to see to move.

– One short paragraph: the error you have seen most often in a contractor's running bill, and the check you would build so it never gets past your desk. That paragraph matters more than the CV.

We read everything that arrives with a Payables Sheet and a paragraph — properly, not skimmed. If this sounds like your seat, write to us.

We don't hire roles. We build the platform. · Ownership, not employment. · Builders hire builders.

Founder & CEO, Vantrock

📌 Payables Head (Mumbai)
🏢 Vantrock
📍 Mumbai