The Assistant Manager - Project Related Payments will oversee and manage all aspects of project-related financial transactions, ensuring accuracy and compliance with relevant regulations and standards. This role requires expertise in TAS payments, escrow accounts, coordinating with bank for escrow related payments, RERA regulations, and IFRS cost accounting. The ideal candidate will have a strong analytical mindset, attention to detail, and the ability to work collaboratively across various departments.Project Payments Management:Oversee the processing and reconciliation of project-related payments.Ensure timely and accurate payments to contractors, consultants, authorities and other projects related payments.Monitor and track project budgets and expenditures to ensure alignment with financial forecasts.TAS Payments Expertise:Manage TAS (Trust Account system) payments, ensuring compliance with contract terms and financial regulations.Review and validate TAS payment requests and... documentation.Coordinate escrow bank, RERA, project team and bank engineers with technical and project teams to resolve any payment-related discrepancies.Escrow Account Management:Administer and monitor escrow accounts related to projects.Ensure proper documentation and compliance with escrow agreements and regulations.Perform regular reconciliations of escrow accounts to maintain accuracy and integrity.IFRS Cost Accounting:Apply IFRS (International Financial Reporting Standards) for cost accounting related to projects.Assist in the preparation of cost reports and financial statements in compliance with IFRS standards.Review and analyze project cost reports to ensure accuracy and financial integrity.Reporting and Analysis:Prepare regular MIS reports and summaries related to project payments and costs in the tracker.Analyze financial data to identify trends, variances, and areas for improvement.Provide insights and recommendations to senior management for better financial decision-making.Process Improvement:Continuously assess and improve payment processes to enhance efficiency and accuracy.Implement best practices and procedures for project-related payments. Bachelor’s degree in Finance, Accounting, or a related field and Professional certification (e.g., CPA, ACCA) is required.Proven experience (1-3 years) in finance or accounting roles with a focus on project payments, escrow accounts, or real estate.Strong knowledge of TAS payments, escrow account management, RERA regulations, and IFRS standards.Proficiency in accounting software Oracle is a plus
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