Interim Chief Financial Officer — Proptech Funds Recovery

The mandate

Auditors found that tenant deposits, owner remittances and maintenance deductions could not be reconciled across property, payment and bank records for several managed portfolios. The CFO resigned when the close was delayed, leaving clients uncertain about balances and the board without a dependable cash view.

The interim must begin within two weeks for ten months, covering balance reconstruction, delayed audit and two clean current quarters. A permanent CFO search begins after client-fund reconciliation is accepted, with extension possible for six weeks if audit timing shifts.

Handover is complete when client deposits and owner liabilities reconcile by property and contract, historic differences are repaid or reserved, restricted cash is verified, the audit closes, two quarters operate within exception tolerance, and the successor signs one funds-control attestation.

The interim may hold disputed remittances, approve corrections within ₹1 crore per portfolio and deploy ₹6 crore of remediation spend. Aggregate client redress above ₹10 crore, restatement, new financing above ₹75 crore, permanent executive hiring and changes to deposit terms require committee or board approval.

Property acquisition, brokerage sales and facilities operations are outside scope. Finance must account for their transactions and obligations without taking over commercial property decisions or service delivery.

Why this seat is open

The audit delay showed that aggregate bank balances concealed contract-level client obligations. Existing teams own separate property and payment ledgers but not the complete funds chain. A temporary CFO can establish fiduciary truth before permanent finance leadership inherits the platform.

What you will own

• Reconstruct deposits, rents, fees, deductions, owner remittances, refunds and restricted cash by property and contract.
• Decide historic difference treatment through source evidence, client confirmation, repayment, reserve or escalation.
• Establish remittance holds and releases with explicit ownership, ageing, dispute and customer-impact criteria.
• Reconcile platform subledgers, payment-provider records, bank cash and general ledger each cycle.
• Approve audit positions for client funds, revenue, reserves and restricted cash through indexed evidence.
• Demonstrate two current quarters of controlled funds movement within the agreed exception threshold.
• Transfer client obligations, accounting judgements, open disputes, control owners and close calendar to the permanent CFO.

Candidate qualifications

• Held CFO, controller or transaction-finance director authority in proptech, property management, marketplaces or payments.
• Reconstructed client-money or deposit liabilities from contract-level operational records.
• Closed an audit involving restricted cash, customer liabilities or settlement subledgers.
• Managed client remediation without using aggregate cash as evidence of individual entitlement.
• Directed finance, product and payment teams through high-volume reconciliation repair.
• Understands Indian property-service taxation, deposits and client-account governance.

Non-negotiables

• Available in Mumbai within fourteen days.
• No current role with the auditor, payment provider or major managed-property client.
• Will treat deposits and owner remittances as client obligations, not working capital.
• Must have held signing authority over customer-funds reporting.

1. 49 words maximum. Confirm availability and disclose any property, audit or payments conflict.
2. 49 words maximum. Describe a client-fund reconciliation you rebuilt and its contract-level key.
3. 49 words maximum. When would you hold an owner remittance despite a platform balance appearing sufficient?