Company Description
Kumar Lifespaces combines the beauty of nature with luxurious living to create nourishing and harmonious environments. Our mission is to set new benchmarks and provide exceptional living experiences for those aspiring to elevate their lifestyle. With a commitment to innovation and quality, Kumar Lifespaces creates residences designed to inspire and enrich the lives of our customers.
Key Roles & Responsibilities
1. Financial Strategy & Leadership
- Develop and implement financial strategies aligned with business goals
- Act as a financial advisor to the Managing Director/CEO and senior leadership
- Support long-term business planning, investments, and growth initiatives
- Lead finance and accounts teams across corporate offices and project locations
2. Accounting & Financial Reporting
- Oversee maintenance of books of accounts in compliance with applicable accounting standards
- Ensure timely preparation of monthly, quarterly, and annual financial statements
- Manage consolidation of accounts for multiple entities or projects
- Ensure accuracy and integrity of financial records
3. Budgeting, Forecasting & Cost Control
- Prepare annual budgets and periodic forecasts
- Monitor budget vs actuals and analyse variances
- Implement cost control mechanisms across projects and departments
- Support project-wise profitability and cost optimization
4. Cash Flow & Treasury Management
- Manage cash flow planning and working capital requirements
- Oversee bank operations, fund utilization, and payment schedules
- Manage loan disbursements, repayments, and interest servicing
- Coordinate with banks and financial institutions for funding and guarantees
5. Taxation & Statutory Compliance
- Ensure compliance with all direct and indirect tax laws
Income Tax
GST
TDS
- Manage tax planning and optimization strategies
- Coordinate assessments, audits, and liaison with tax authorities
6. Audit & Internal Controls
- Coordinate statutory, internal, and tax audits
- Strengthen internal control systems and risk management frameworks
- Address audit observations and ensure timely closure
- Implement SOPs and financial governance policies
7. Project Finance
- Monitor project-wise accounting, cost tracking, and revenue recognition
- Ensure compliance with RERA financial requirements (project-wise accounts, escrow norms)
- Track construction costs, land payments, and vendor liabilities
- Support feasibility studies, project analysis, and cash flow modelling
- Source and Procure Funds: Identify, evaluate, and secure various sources of financing for real estate projects, including construction loans, term loans, working capital, and private equity.
- Prepare Loan Proposals: Create comprehensive project reports, data, and detailed loan proposals for presentation to banks, Non-Banking Financial Companies (NBFCs), and other financial institutions.
- Liaison and Negotiation: Serve as the primary point of contact for banks and financial institutions, managing relationships, coordinating due diligence (legal, technical, financial), and negotiating term sheets, sanction letters and loan agreements.
- Manage Disbursement Process: Coordination during the loan sanction and disbursement process to ensure timely and adequate funds for project execution.
8. MIS & Management Reporting
- Develop financial MIS reports for senior management and board reviews
- Provide insights on profitability, cost trends, and financial risks
- Support decision-making through financial analysis and data interpretation
9. Vendor, Contract & Stakeholder Management
- Oversee vendor payments and contract compliance
- Coordinate with legal, procurement, and project teams on financial matters
- Manage relationships with auditors, consultants, and regulatory authorities
10. Team Leadership & Development
- Lead, mentor, and develop finance and accounts teams
- Set performance goals and ensure skill development
- Build a strong compliance- and performance-oriented finance function
Key Skills & Competencies
- Strong financial and accounting expertise
- Strategic thinking and business acumen
- Knowledge of taxation, compliance, and audit requirements
- Strong leadership and stakeholder management skills
- High attention to detail and analytical ability
Qualifications & Experience
- Chartered Accountant (CA) / Cost Accountant (CMA) / MBA (Finance) or similar
- 15+ years of progressive experience in finance and accounts, with 8 + years in leadership role
- Prior exposure to real estate or construction projects with RERA and project finance experience is mandatory.
- Prior experience in real estate, construction industry is mandatory
Job Location : 2413, East Street, Camp, Pune-411001
Should this opportunity be of interest to you, kindly share your updated resume at [Confidential Information]
Join Kumar Lifespaces and be part of a team redefining premium living through innovation, quality, and people excellence
