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  • 15 - 18 Years
  • Posted : 25 days ago

Job Description:

- Job Summary /Purpose

The Financial Controller would be responsible to undertake all aspects of financial management, including site accounting, regulatory and financial reporting, budget and forecasts preparation, as well as development of internal control policies and procedures

Profile Responsibilities

Guest

- Internal Audit Score

Financial

- Revenue Collection

- Ensure regular Follow up for overdue balances and TDS certificates

- Timely Escalation of potential defaulting customers

- Ensure timely circulation of reminder letters to tenants for overdue balances from yardi on the 10th day of the following month

- Ensure Daily follow up with retailers / customer collection relationship team of the unallocated receipts from bank statement and accounting for the same on Yardi as soon as details are available

Process

- Revenue Controls/Collections/Centre Cost Controls

- Accuracy of Lease master creation

- Weekly meetings and relationships with leasing, fit-out, engineering and ops teams

- Accuracy of deposit due set-ups, rent roll, monthly and ad-hoc billings

- Tenant relationships for Top 15 retailers

- Ensure timely Circulation of revenue share and utility invoices to tenants

- Ensure Certified sales statements are received in a format as per agreement

- Ensure Transaction wise reconciliation of cash collected in bank statement is carried out with the receipts posted in receipt register in Yardi

- Ensure timely circulation of a cash collection report from receipt register generated from Yardi at the end of the day

- Ensure timely Posting of TDS deducted by tenants by each nature of charge in Yardi

- Ensure circulation of security deposit overdue balance outstanding as at the end of each day from Yardi by each category (SD, CAM Deposit, Fit out deposit)

- Ensure circulation of receivables overdue by each brand, by each billing category (MG, CAM, HVAC, PL, Utilities) and by each month in Yardi and in excel daily

- Timely Accounting of parking Income (Income and GST)

- Ensure Preparation of Daily sales, footfalls, car count

- Ensure periodic Customer account reconciliations

- Ensure quarterly TDS reconciliations

- Ensure completeness of customer documentation/ customer files with contact details

- Ensure monthly physical verification of SOH/ promotion areas

- Ensure timely Creation and activation of lease master for new tenant move ins

- Ensure timely creation and posting of Monthly fixed billings

- Ensure timely Billings for signage and promotion areas

- Ensure timely issuance of Credit note for waivers with approvals

- Ensure timely Preparation of GST returns for output liability

- Timely Creation of Lease master in Yardi reading through the copies of Letters of Intent/ Agreements with customers

- Ensure regular follow up with internal functional heads/ process owners to collect TRFs, Joint Measurement Sheet etc to be collected and attached in the Yardi

- Ensure timely Creation of deposits due from tenants on all the leases

- Ensure monthly Reconciliation of monthly billings with the lease master towards MG, CAM, HVAC and PL in excel against the unposted batch of charge created in Yardi

- Ensure monthly Reconciliation of revenue share billings with the sales statements received from tenants on the first day of the following month in excel against the unposted batch of charge created in Yardi

- Ensure timely Posting of revenue share billings with the sales statements received from tenants on the first day of the following month in excel against the unposted batch of charge created in Yardi

- Ensure monthly Reconciliation of utilities billings with the unit readings received by each tenant from the engineering department on the seventh day of the following month in excel against the unposted batch of charge created in Yardi

- Ensure accurate generation of GST liability reports from Yardi

- Ensure timely billing for SOH from Yardi (Signage- s, Promotions and Kiosks)

- Ensure all charge and receipt batches have been posted

- Ensure all rental Increases have been entered

- Ensure each account is reconciled monthly, unless an exception is approved by the corporate finance The reconciliation should be done in a standard format

- Ensure new general ledger account is created with proper authorization

- Periodically, review account reconciliations and the supporting documentation to ensure that the reconciliation is complete

- Review on-notice, Ensure all move-outs have been completed or any date changes have been entered

- Accuracy in posting of expense invoices

- Accuracy in Month close process

- Control over center management financial budgets

- Vacancy schedule for units, SOH, Kiosk and Signages

- Receivables and security deposit recoveries

- Trading density and occupancy cost by Retailer and product category

- Marketing and Parking profitability statements

- CAM reconciliation and monitoring of CAM rates with budgets

- Preparation and delivery of MIS reports for center management, Investors and SPV owners

- Ensure timely closure of Open/ Non required POs

- Ensure timely booking of vendor invoices

- Ensure regular follow up for invoices and circulation of lists of pending invoices

- Ensure accurate Payroll accounting

- Ensure timely and accurate Utility calculations

- Ensure timely and accurate accounting of utility costs, accounting of prepayments, inventory

- Ensure timely accounting of month end accruals

- Ensure Intercompany reconciliation is carried out within defined timelines

- Ensure accuracy and timely preparation of GST and TDS returns and reconciliation

- Ensure timely and accurate reporting of third party agencies manpower deployment

- Ensure daily Bank reconciliation

- Ensure weekly preparation of Fund Utilization statement

- Ensure preparation and review of CAM Budget vs Actuals- Detailed statement

- Ensure Closing cash is reported daily

- Ensure the process of verification of invoices received from vendor with the PO created in the system and rejection of the invoices on the same day if PO is not created in system for invoices received

- Ensure timely and accurate booking of corrected/ validated invoice in the correct GL account in Yardi

- Ensure timely and accurate booking of expense in the correct GL account for inventory held on hand at the end of each month (Inventorisation)

- Booking of provisions in Yardi in the last week of each month

- Booking of non-PO expenses in Yardi in the last week of each month (for ex Payroll)

- Ensure timely Transaction wise reconciliation of payments appearing in bank statement with the cheques issued in payment register in Yardi

- Ensure timely Posting of TDS payable each nature of charge in Yardi

- Ensure timely Raising of Purchase Requisitions in Yardi

- Ensure accuracy of the Comparatives process and raising of PO

- Ensure timely Vendor approvals and signoffs on approved PO

- Ensure timely Closure of Open PR

- Review and sign off on Exceptions to vendor comparative process

- Ensure Creation of vendor master in Yardi based on vendor details provided by the operations team

- Ensure timely Activation of vendor master in Yardi

- Ensure timely Issuance of PO or Service Order from Yardi to the vendor once PR is approved

People

- Maintain Staff attrition

- Yardi and Finance trainings

Other skills required

- CA with eight + years of experience, including two years of supervisory responsibility Controller or equivalent experience highly desirable

- Strong organizational and management skills

- Experience in forecasting and budgeting

- Thorough knowledge of accounting principles and procedures

- Experience with creating financial statements

- Experience with general ledger functions and the month-end/year end close process

- Meticulous attention to detail and accuracy in work product

- Ability to meet and establish deadlines

- Flexibility and the ability to thrive in a fast-paced environment

- Intermediate to advanced applications software expertise (Excel and accounting software)

Experience

Qualification Any Graduate, preferably a chartered accountant or MBA with specialization in Finance & Accounts

- Overall Experience 15-18 years of experience, of which at least 3-5 years as Business Head in Retail / Mall Head / GM of a 4/5 star hotel

- Type of industry Head Shopping Mall/Retail Property Management/Hotel Essential Experience 15-18 years of experience, of which at least 3-5 years as Business Head in Retail / Mall Head / GM of a 4/5 star hotel

Profile Summary:

Employment Type : Full Time
Salary : Not Mentioned
Deadline : 19th Feb 2020

Key Skills:

Company Profile:

Not Mentioned

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