Purpose To monitor, end to end, the fund flow and financial performance of Nextriise Real Estate

Advisors Private Limited, an associate company in which SBGL holds 49%, and to report independently to the CFO. The role is one of financial control and monitoring. The incumbent will verify, flag and escalate, and will not be a payment approver or a cheque signatory. Nextriise remains responsible for preparing the underlying accounts,

reconciliations and MIS; the incumbent independently verifies these and reports exceptions.

Key Responsibilities

- Daily tracking of all receipts and bank balances; verification that collections are routed only through designated accounts.
- Monitoring of the invoicing to collection cycle, ageing of receivables and project-wise collection status.
- Review of all payments and expenses against the approved AOP; identification and escalation of any item outside the AOP before release.
- Monitoring of the INR 50 lakh operating cash threshold, and ensuring that surplus is identified and applied towards reduction of SBGL exposure.
- Monitoring of the cash flow waterfall - statutory dues, operating expenses within AOP, reduction of SBGL exposure, and only thereafter discretionary withdrawals.
- Tracking of withdrawals against the cap of 15% of EBITDA (10% Director, 5% SBGL).
- Monitoring of the ICD - drawdown, utilisation, interest accrual and repayment; verification of mandate value establishing funding eligibility of INR 1 Cr per INR 100 Cr of mandates, disbursement remaining at SBGL discretion.
- Verification of the payroll register, manpower deployment and allocation of manpower cost to respective projects.




- Independent review and validation of project-wise P&L; prepared by Nextriise, and monthly variance reporting against the frozen AOP, with deviations beyond 20% escalated.
- Immediate reporting of material exceptions, including fund diversion or unauthorised expenditure, irrespective of the 20% threshold.
- Reconciliation of Tally and CRM data with reviewed financial statements; separate quantification of provisional income.
- Identification and reporting of related party transactions.
- Reporting - daily cash and collection position, weekly MIS, monthly P&L; and AOP variance, quarterly reports and exception reports as they arise, directly to the CFO, without requiring prior clearance from Nextriise management.

Qualification CA Inter, MBA Finance or M. Com. with strong relevant experience. Hands-on financial control experience will take precedence over formal qualification alone.

Experience

4 to 7 years in financial control, business finance, internal audit or MIS, of which at least 2

years in real estate or a project-driven business. Experience limited to routine accounting will not be adequate.

Skills

Tally ERP, advanced Excel, project-wise P&L; and cash flow models, CRM familiarity, and explicit written reporting. The incumbent must be able to independently interpret Tally data,

cash flows, project profitability and exceptions, rather than only compile MIS.

Attributes

Independence of judgement, with the ability to report adverse findings without dilution.

Attention to detail on cash and documentation. Ability to work with an associate company team while remaining accountable solely to SBGL.

Pay: From ₹35,000.00 per month

Work Location: In person

📌 Assistant Manager - Finance Monitoring and Controls (Pune)
🏢 Suratwwala Business Group
📍 Pune