Assistant Manager - Project Taxation

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
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
Accuracy and timeliness
Operational / Customer
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
TAT
Adherence to agreement, taxation laws and authority matrix
Accounts Maintenance
Compiles financial information to prepare entries to accounts, such as general ledger accounts, bank reconciliation
Makes timely entries to ensure real time updation of Books of accounts on SAP, accuracy and right booking
Books billing/payments/ revenue / profit and project completion according to company codes
Consolidates region accounts and completes Quarterly / half yearly/ annual book closing activities
Ensures adherence to accounting guidelines
Studies upcoming JV agreements for transferring entries to existing books
Accuracy and timeliness
Updated books of accounts
Banking transactions
Monitors bank accounts and coordinates with banks for status of allocated fund from HO , transfer of funds and collections
Provides inputs on fund status and additional fund requirements to HO
Completes bank reconciliation activities on time
Resolves loan related issues with banks
Accuracy and timeliness
Treasury
Monitors allocated fund from Corporate.
Manages allocated fund to projects, interests charged, remission etc.
Timely Availability of funds
Collection
Monitors and updates customer collection status
Addresses and resolves financial/ collection related queries by customer
Resolves loan related issues with banks
Accuracy and timeliness
Tax Payment
Ensures GST Tax payments as applicable for Bangalore and Chennai/ deductions on land and labour component
Verifies deduction of service tax from customer and vendor payments
Prepares details of Work Contract tax (WCT) to HO for DD preparation
Ensures timely filling of Service tax / WCT payments through consultants
Timely and accurate filing of tax returns
Audit
Interacts with internal and external auditors for documentation submission requirements
Clarifies queries raised by auditors
Effective handling of audit queries
Responsibility Area
Key Activities
Indicative Performance Measures
Administration
Vendor accounts, Stationery purchase, courier empanelment, AMC.
Vendor payables, cash management , fund management
Cost Saving
Process
Process Adherence
Complies with company defined guidelines and processes
Adheres to project timelines
% Process compliance
Process Improvement
Identifies processes/procedures in own work area that need improvement
Recommends process improvement ideas to streamline efficiency/costs/productivity
Undertakes process improvement activities in own work area
Initiatives taken
Impact of process improvement ideas
People
Goal Setting
Conducts goal setting exercise for the role
Prepares goal sheets
Defines and sets work objectives for team members
Balances work allocation in team
Timeliness
Recruitment
Recommends manpower for the region
Conducts interviews for all requirements in the team
Lead time in closing positions
Performance Management
Conducts weekly review meetings and regular performance reviews with the entire team
Provides guidance and direction to team members
Conducts periodic reviews and year end appraisals for team members
Timeliness of appraisals
Objective appraisals
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
Communicates and implements GPL values/ processes/systems within own team
Attrition %
Working Relationships (Internal And External)
Internal Interfaces
Purpose of Interaction
Design, Projects, contract, BD
For daily financial activities – payments/ reports
Marketing & Sales
Customer payments/ generation of Reports for sales admin team for documentation / record keeping
External Interfaces
Purpose of Interaction
Third Party Contractors
PF, ESI, contract documents
Local Consultants
For local tax payments
Tax authorities
For filing of returns
Auditors
For audit related clarifications
Customer
For resolving customer related problems
Banks
Money transfers, payments, collections, etc.
JV Partners
Maintaining their books of collections
Decision Making Authorities
Functional
Issue of cheque
Recommendation for appointing consultants
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(statutory Audit)
Functional/ Technical competencies
Accounting Standards and guidelines
Financial Policies and Systems
Indirect Taxation Knowledge
Understanding of real estate
Basics of construction processes
MIS Reporting
Analytical skills
SAP,
MS Office
Accounting software
Behavioural Competencies
Leading Self
Initiative: Drive Ownership, tenacity
Hunger to Learn & Improve: Humility, Growth Mindset, Committed to Change
Emotional & Social Awareness: Maturity, self Awareness, Influence
Leading Others
Leading Team: Creating high performance team, Adaptive, Motivator
Developing Others: Nurtures Talent, Feedback, Mentoring
Fostering Collaboration: Godrej First, collaborates, Builds Bridges
Leading Business
Customer Centricity: Insightful, Innovates, Delights
Acting strategically: Envision, frames Issues, Action Orientation
Delivering Results: commercial Acumen, Execution Excellence, Agility
Institution Building: Role Model, Knowledge Sharing, Shape Culture
Observations/ Interpretation
Nature of dotted line reporting to HO is for all reports and cheques.
Work Experience
1–2 years
Benefits
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
Caregiver travel for primary caregivers to bring a caregiver and children under a year old,

Work arrangement
No