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

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

·       Accuracy and timeliness

Operational / Customer

2.       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

3.       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

4.       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

5.       Treasury

·       Monitors allocated fund from Corporate.

·       Manages allocated fund to projects, interests charged, remission etc.   

·       Timely Availability of funds

6.       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

7.       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

 

8.       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

9.       Administration

·       Vendor accounts, Stationery purchase, courier empanelment, AMC.

·       Vendor payables, cash management , fund management

Cost Saving

Process

1.       Process Adherence

·       Complies with company defined  guidelines and processes

·        Adheres to project timelines

·       % Process compliance

2.       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

1.            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

2.       Recruitment

·       Recommends manpower for the region

·       Conducts interviews for all requirements in the team

·       Lead time in closing positions

3.       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

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

·       Communicates and implements GPL values/ processes/systems within own team

·       Attrition %

 

 

 

10.   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

 

11.   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.

 

12.   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

8. Observations/ Interpretation

1.       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, on work travel

Coverage for childbirth and fertility treatment

No place for discrimination at Godrej 

Gender-neutral anti-harassment policy

Same sex partner benefits at par with married spouses

Coverage for gender reassignment surgery and hormone replacement therapy

Community partnerships and advocacy

Persons with Disability (PwD) care

We are selfish about your wellness 

Comprehensive health insurance plans, as well as accident coverage for you and your family, with top-up options

Elder care for those who might need to extend support to senior family members

Preventative healthcare support

Outpatient Department (OPD) coverage, including vaccinations, dental, vision, etc.

Uncapped sick leave

Flexible work options, including remote working and part-time work

Mental wellness and self-care programmes, resources and counselling

Celebrating wins, the Godrej Way

Structured recognition platforms for individual, team and business-level achievements

Digital and offline instant recognition platforms

An inclusive Godrej

 

Before you go, there is something important we want to highlight. There is no place for discrimination at Godrej. Diversity is the philosophy of who we are as a company. And it has been over a century. It’s not just in our DNA and nice to do. Being more diverse - especially having our team members reflect the diversity of our businesses and communities - helps us innovate better and grow faster. We hope this resonates with you.

 

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. 

 

If this sounds like a role for you, apply now! 

We look forward to meeting you.