RESPONSIBILITIES:
- Fund Flow Management:
- Oversee the fund flow across all entities to ensure liquidity and financial stability.
- Coordinate with banks and financial institutions for loans, overdrafts, and other funding requirements.
- Cash Flow Management:
- Ensure cash flow statements are maintained for all entities.
- Ensure sufficient cash flow to meet operational needs and obligations.
- Financial Compliance and Financial Reporting
- Ensure all financial reporting practices and statements are prepared accurately and submitted to the Management.
- Minimize financial risk.
- Aware of current processes, understanding company weaknesses, engaging employees with training, and openly communicating areas of opportunity to safeguard assets better.
- Periodical Audits and Internal Controls.
- Ensure conduct of periodical audits and exercise necessary controls
- Strategic Planning
- Financial Strategy Development - To develop financial strategies aligned with the companys long-term goals.
- Resource Allocation - Efficient allocation of financial resources to maximize returns and support business growth.
- Investment Analysis: Evaluating potential investments and advising on financial viability.
- Present the business proposition to potential investors / lenders and act as an interface between the company and its potential investor / lender
- Budgeting and Budget Allocation:
- Budget Preparation:
- Develop annual budgets for all entities ofAdissiaDevelopers Pvt Ltd.
- Collaborate with department heads to forecast and allocate budgets based on organizational goals and financial analysis.
- Budget Monitoring:
- Monitor budget adherence and report variances.
- Adjust budget allocations as necessary to meet financial objectives and operational needs.
- Oversee the overall payments receivable and cost management.
- Bank Reconciliation
- Daily Reconciliation
- Perform daily reconciliations of bank account balances against Tally account balances.
- Identify and resolve any discrepancies promptly.
II. Professional Development:
Workshops/CWE:
- Advanced financial modeling and valuation
- Strategic financial management
Certifications:
- Certified Real Estate Financial Analyst (CREFA)
- Real Estate Investment Certification (REIC)
- Regulatory Compliance and Taxation
- Courses and Certifications:
- GST Practitioner Certification
- Taxation of Real Estate Transaction
- Workshops/Seminars:
- Updates on tax laws and compliance
- Regulatory changes in the real estate sector
- Professional Associations:
- Membership in professional bodies like the Institute of Chartered Accountants of India (ICAI), Association of Chartered Certified Accountants (ACCA)
- Conferences and Industry Events:
- Attend industry conferences and real estate finance summits
- Participate in webinars and online forums related to finance and real estate
- Participate in Investor Commits.
III. Documentation:
- Annual project budgets.
- Investor Pitch documents
- Monthly/quarterly profit and loss statements
- Balance sheets.
- Debtors and creditors aging reports.
- TDS receivable and payable reports.
- Loan and advance statements.
- Monthly GST returns and filings.
- Correspondence with Consultant on tax filing.
- Copies of filed GST returns.
- Documentation for compliance with financial regulations.
- Records of filings and submissions to regulatory authorities.
- Records of internal and statutory audit reports.
- Detailed entries in Tally with narrations for all expenses.
- RTGS/NEFT transaction records for payments made.
- Daily bank account statements.
- Documentation of any discrepancies and their resolutions.
- Detailed annual budgets for all companies in the group.
- Departmental budget forecasts and allocations.
- Monthly/quarterly budget vs. actual expenditure reports.
- Variance analysis reports.
- Monthly fund flow statements for each entity.
- Detailed cash flow statements prepared periodically.
- Cash flow projections and analysis.
