Role & responsibilities
1. Brokerage Verification: Verify brokerage calculations payable to brokers against unit sales,
approved brokerage rates and agreed terms and conditions.
1. MOU Verification: Review and verify brokerage-related Memorandums of Understanding
(MOUs), agreements, and other supporting documents.
1. Sales Reconciliation: Reconcile brokerage claims with unit bookings, sale agreements,
customer receipts, cancellations, and actual sales status.
1. Payment Processing: Check brokerage invoices, supporting documents, GST invoices and
applicable TDS deductions before processing payments.
1. Compliance and payment approvals: Ensure brokerage payments are made as per company
policies, approved rates and management approvals.
1. Discrepancy Resolution: Identify and resolve discrepancies in brokerage calculations, excess
payments, duplicate claims and incorrect broker details.
1. MIS and Reporting: Prepare broker-wise and project-wise brokerage statements,
outstanding reports and periodic MIS.
1. Coordination: Coordinate with the Sales, CRM, Legal, and Accounts teams for verification of
brokerage claims and timely settlement of payments.
1. RERA Registration: The broker must hold valid RERA registration, wherever applicable and
the registration details must be verified before processing the payment.
1. GST Compliance and Input Tax Credit.
1. Preparation of MOUs of brokers.
Preferred candidate profile
Robust knowledge of financial calculations, accounting and reconciliation.
Valuable understanding of real estate sales and brokerage structures.
Proficiency in MS Excel and SAP systems.
Robust analytical, verification, and documentation skills.
High attention to detail and ability to ensure accuracy and financial control.