27 Sep
|
Tru Realty
|
Mumbai
Company: TRU Realty Pvt Ltd
Department: Finance and Accounts
Employment Type: Full-Time
Work Mode: In-office
Location: Dadar West, Mumbai
Company Overview:
TRU Realty Pvt Ltd is an emerging, new-age real estate developer recognized among the Forbes India Select 200 Companies and certified as a Great Place to Work. Operating primarily across Pune and Mumbai, we focus on making the home-buying journey transparent, reliable, and data-driven.
Role Summary:
We are seeking an experienced and detail-oriented Manager of Accounts with a solid background in the real estate or construction industry. The ideal candidate will take ownership of the company's financial health, managing day-to-day accounting operations, ensuring strict compliance with industry regulations (including RERA), overseeing project-level accounting, and providing actionable financial insights to the leadership team.
Key Responsibilities
Financial Accounting & Reporting:
- Manage end-to-end accounting functions, including Accounts Payable (AP), Accounts Receivable (AR), General Ledger, and bank reconciliations.
- Prepare and present accurate, timely monthly, quarterly, and annual financial statements (P&L;, Balance Sheet, Cash Flow).
- Develop and maintain daily, weekly, and monthly MIS reports for senior management regarding project profitability and operational expenses.
Project & Real Estate Accounting
- Maintain accurate project-wise accounting, tracking budgets versus actual expenditures for all ongoing developments.
- Oversee contractor and vendor billing, ensuring accurate measurement, timely payments, and proper retention tracking.
- Manage revenue recognition processes specific to the real estate sector in accordance with current accounting standards.
Taxation & Compliance
- Ensure full compliance with all local and national tax regulations, including accurate and timely filing of GST, TDS, and Income Tax returns.
- Ensure strict adherence to RERA (Real Estate Regulatory Authority) guidelines, including the maintenance of separate RERA bank accounts and fund withdrawal compliance.
- Liaise with external auditors, tax consultants, and regulatory authorities to facilitate smooth statutory, internal, and tax audits.
Cash Flow & Treasury Management
- Monitor daily cash flows, ensuring adequate liquidity for ongoing projects and operational needs.
- Assist in securing project financing and managing relationships with banks and financial institutions.
- Process loan drawdowns, manage debt servicing, and track interest capitalized to projects.
Qualifications & Skills
- Education: CA (Chartered Accountant), CMA, or MBA in Finance / M. Com with a strong academic record.
- Experience: 5-10 years of progressive accounting experience, with a minimum of [e.g., 3-5] years specifically within the real estate, property management, or construction industry.
- Technical Proficiency: Hands-on experience with real estate ERP systems (e.g., SAP, Oracle, Farvision, or advanced Tally Prime) and advanced MS Excel skills.
- Industry Knowledge: In-depth understanding of RERA compliance, GST, and real estate revenue recognition standards.
- Soft Skills: Strong analytical mindset, excellent communication skills, and the ability to present complex financial data clearly to non-financial stakeholders.
📌 Manager - Accounts (Mumbai)
🏢 Tru Realty
📍 Mumbai