JD:
1. Areas of IND AS for Revenue Recognition: Be fully conversant with the formula for revenue and cost calculation in real estate sector for both PoCM and PCM method. Candidate must be able to easily let business know the variables needed to arrive at the number of book revenue and COGS and what kind of movement will any change in these variables have on the profitability. Candidate also needs to be aware of nitty gritties related to cost that can be considered in the calculation.
2. Capitalization of Borrowing costs: Candidate should be well versed in calculation of borrowing costs eligible for capitalization and the basis of calculation of the same.
3. GST implications: Candidate should be conversant on GST impact on redevelopment projects, Outright land purchases and other such situations. He/she should also be knowledgeable about the specific provisions relating to real estate wherever applicable for exemption etc.
4. RERA: Candidate should have working knowledge and hands on experience of reviewing Forms 1, 2 and 3 and their co relation with accounting and drawing power limits and basic presentation knowledge of permutations and combinations in case of different structured projects.
5. Income tax: Candidate has to know provisions relating to real estate transactions in income tax as well as the impact of revenue and Cost of Goods sold.
6. Financials preparation: Must know IND AS and Schedule 3 presentation and various disclosures applicable.
7. Business knowledge: Candidate must be aware of all the basic processes of construction team, Sales and liaison. He must be fully aware of tax impacts of liaison payments as well as have demonstrably know to read Area statements and calculate impact of FSI and TDR.
8. Its important for the person to be an excellent communicator, have a pleasant demeanor and must be excellent in spreadsheets and have a knack of automation and reduction of double working in processes.
Pay: ₹2,000,000.00 - ₹3,000,000.00 per year
Work Location: In person
