- Ensure project-wise 70:30 RERA escrow mechanism is followed
- Coordinate engineer/architect/CA withdrawal certificates for fund release
- Monitor escrow utilisation against approved project cost
Bank Reconciliation
- Perform periodic (daily/weekly) reconciliation of all bank and escrow accounts
against books of accounts
- Daily reconciliation of unapplied receipts through cross functional
coordination with CRM/Sales team
- Investigate and resolve reconciling items, unidentified credits/debits and stale
entries in a timely manner
- Coordinate with banks for rectification of erroneous entries and ensure timely
closure of BRS
Banking entries and documentation
- Ensure accurate and timely recording of all bank receipts and payments in the
accounting/ERP system
- Match system entries with bank statements to prevent duplication or omission
- Maintain proper documentation and approvals for all bank transaction
postings Banking & Lender Relationship
Management Manage banking relationships and negotiate FD terms, charges and pricing
- Open, close and monitor project-specific and escrow bank accounts
- Ensure timely submission of information required by bankers
Surplus Fund Investment Deploy surplus funds in board-approved instruments (FDs, mutual funds, etc.)
- Balance yield optimisation with liquidity and counterparty risk
Regulatory & Statutory
Compliance
- Ensure compliance with SEBI LODR, Companies Act, RBI/FEMA (as applicable)
and RERA financial provisions
- Support secretarial and finance teams on treasury-related filings and
disclosures
Key Performance Indicators
- Bank reconciliation
- Surplus fund investment
- Regulatory & statutory compliance