Job Requirements

About Godrej Industries Group (GIG)

At the Godrej Industries Group, we are privileged to serve over 1.1 billion consumers globally through our businesses with market leadership positions in the consumer products, real estate, agriculture, financial services, and chemicals industries.

Website: www.godrejindustries.com

About Godrej Properties Limited (GPL)

Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry. Each Godrej Properties development combines the over 125-year legacy of excellence and trust with a commitment to cutting-edge design, technology, and sustainability.

Website: www.godrejproperties.com

Role Responsibilities

Responsibility Area

Key Activities

Indicative Performance Measures

Financial/ Strategy

1. MIS and Financial Reporting
   • Consolidates monthly/quarterly updates of various projects on revenue, expense, outstanding, cash flow, billing
   • Prepares financial statements, monthly closing and cost accounting reports
   • Prepares MIS report for the region on a weekly, quarterly and monthly basis
   • Prepares project MIS to be sent to JV partner at defined frequency

Operational / Customer

1. Bill payments
   • Verifies bills received from Contracts/ vendors/ suppliers w.r.t signed agreements, statutory compliances etc
   • Coordinates with respective departments/vendor/supplier/consultants for clarifications if any
   • Follows up for approval of payments with HO team for payouts beyond Rs 10 lakhs (specified limit)
   • Prepares cheques for payout process
   • Authorizes payment basis availability of funds in allocated account
   • Schedules payments of bills- electricity, rent, contract bills etc
   • Arranges for fund transfer to JV partner(s) according to the agreement

Accounts Maintenance

1. Compiles financial information to prepare entries to accounts, such as general ledger accounts, bank reconciliation
2. Makes timely entries to ensure real time updation of Books of accounts on SAP, accuracy and right booking
3. Books billing/payments/ revenue / profit and project completion according to company codes
4. Consolidates region accounts and completes Quarterly / half yearly/ annual book closing activities
5. Ensures adherence to accounting guidelines
6. Studies upcoming JV agreements for transferring entries to existing books

Banking transactions

1. Monitors bank accounts and coordinates with banks for status of allocated fund from HO, transfer of funds and collections
2. Provides inputs on fund status and additional fund requirements to HO
3. Completes bank reconciliation activities on time
4. Resolves loan related issues with banks

Treasury

1. Monitors allocated fund from Corporate.
2. Manages allocated fund to projects, interests charged, remission etc.

Collection

1. Monitors and updates customer collection status
2. Addresses and resolves financial/ collection related queries by customer
3. Resolves loan related issues with banks

Tax Payment

1. Ensures GST Tax payments as applicable for Bangalore and Chennai/ deductions on land and labour component
2. Verifies deduction of service tax from customer and vendor payments
3. Prepares details of Work Contract tax (WCT) to HO for DD preparation
4. Ensures timely filling of Service tax / WCT payments through consultants

Audit

1. Interacts with internal and external auditors for documentation submission requirements
2. Clarifies queries raised by auditors

Administration

1. Vendor accounts, Stationery purchase, courier empanelment, AMC.
2. Vendor payables, cash management, fund management

Process

1. Process Adherence
   • Complies with company defined guidelines and processes
   • Adheres to project timelines
2. Process Improvement
   • Identifies processes/procedures in own work area that need improvement
   • Recommends process improvement ideas to streamline efficiency/costs/productivity

People

1. Goal Setting
   • Conducts goal setting exercise for the role
   • Prepares goal sheets
2. Recruitment
   • Recommends manpower for the region
   • Conducts interviews for all requirements in the team
3. Performance Management
   • Conducts weekly review meetings and regular performance reviews with the entire team
   • Provides guidance and direction to team members
4. Culture Building Contribution
   • Recommends and implements policies to ensure retention of the high potential/performing employees
   • Acts as first point of contact for communication, interpretation and implementation of management decisions to direct reporting subordinates

Working Relationships (Internal And External)

Internal Interfaces

For daily financial activities – payments/ reports

External Interfaces

For filing of returns

Decision Making Authorities

1. Functional
   • Issue of cheque
   • Recommendation for appointing consultants
2. Financial
   • Signing authority for cheques clearance upto 25 lakhs, post signature of regional head.

Position Specifications (Know-How, Skills and Knowledge for this position)

Current Incumbent’s Education Qualification & Experience: CA

Threshold Education Qualification & Experience: CA, 2 to 4 years experience, preferably in real estate or Big 4(statutorial Audit)

Benefits

Be an equal parent

• Childcare benefits for the birthing parent, commissioning parent (in case of surrogacy) or adoptive parent, and their partners
• 6 months of paid leave for primary caregivers, flexible work options on return for primary caregivers
• 2 months paid leave for secondary caregivers

We take pride in being an equal opportunities employer. We recognise merit and encourage diversity. We do not tolerate any form of discrimination on the basis of nationality, race, colour, religion, caste, gender identity or expression, sexual orientation, disability, age, or marital status and ensure equal opportunities for all our team members.