Senior Manager – Finance Department: Finance
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Reports to: Managing Director
Location: Kolkata
Job Purpose
The General Manager – Finance will be responsible for managing the overall financial operations of Svarna Group's real estate development business. This role involves strategic financial planning, budgeting, forecasting, and overseeing accounting functions to ensure financial stability, compliance, and profitability of the company's real estate projects. The GM – Finance will also play a key role in investment planning, risk management, and liaising with external stakeholders such as banks, auditors, and investors.
Key Responsibilities
Financial Strategy and Planning:
Develop and implement financial strategies to support the company's growth objectives.
Prepare long‐term financial models and forecasts for real estate projects.
Analyze market trends, financial risks, and opportunities to inform business decisions.
Budgeting and Forecasting:
Lead the annual budgeting process, including setting financial targets for departments.
Monitor and report on budget performance, ensuring expenses align with revenue targets.
Create cash flow forecasts to ensure the company can meet its financial obligations.
Financial Reporting and Analysis:
Oversee the preparation of financial statements, reports, and presentations for the management and board.
Analyze financial data, project costs, and profitability to guide decision‐making.
Ensure timely and accurate monthly, quarterly, and year‐end financial reporting.
Accounting and Tax Compliance:
Supervise the accounting function, ensuring accurate bookkeeping and compliance with GAAP/IFRS.
Ensure timely submission of statutory returns such as GST, TDS, and Income Tax.
Manage external audits and ensure compliance with all relevant tax laws and regulations.
Project Financing:
Identify and secure project financing from banks, financial institutions, and private equity investors.
Negotiate and manage loans, credit lines, and other financial agreements.
Monitor debt levels and ensure compliance with financial covenants.
Investment Management:
Oversee the management of company investments and capital expenditures.
Evaluate potential acquisitions, partnerships, and joint ventures for financial feasibility.
Ensure proper management of working capital, including inventory, receivables, and payables.
Risk Management:
Develop and implement risk management strategies to protect the company's financial health.
Conduct internal controls and financial audits to mitigate risk.
Ensure adequate insurance coverage for company assets and operations.
Team Leadership:
Lead and mentor the finance and accounting team to ensure high levels of performance.
Implement professional development plans and conduct regular performance reviews.
Foster a culture of continuous improvement within the finance department.
Stakeholder Relations:
Serve as the primary liaison with banks, auditors, investors, and other external partners.
Represent the company in negotiations with financial institutions and regulatory bodies.
Provide financial insights and recommendations to senior management and the board.
Key Requirements
Educational Qualifications:
Chartered Accountant (CA) or Cost Accountant (CMA) is required.
MBA in Finance or equivalent qualification is preferred.
Experience:
15+ years of experience in finance, with at least 5 years in a leadership role in the real estate sector.
Proven track record of managing large‐scale real estate projects and financial operations.
Experience in project financing, investment management, and risk mitigation.
Skills and Competencies:
Strong financial acumen with the ability to analyze complex financial data.
Expertise in financial modelling, forecasting, and budgeting.
Comprehensive understanding of real estate accounting, tax regulations, and statutory compliance.
Excellent communication and negotiation skills for dealing with financial institutions.
Proficiency in financial software (Tally, SAP, etc.) and MS Office, especially Excel.
Personal Attributes:
High attention to detail and accuracy.
Strong leadership and team‐building capabilities.
Ability to work under pressure and meet deadlines.
Strategic thinker with a proactive approach to problem‐solving.
Working Conditions
Primarily office‐based but may require visits to project sites and meetings with external stakeholders. xrdztoy
May involve extended working hours during financial reporting periods or project phases.