Job Decription -

Key Key Responsibility Areas (KRAs)

1. Corporate Finance, Capital Structuring & Debt Syndication

- Capital Strategy & Fundraising: Formulate and execute optimal capital structure strategies combining Promoter Equity, Private Equity (PE), Bank Debt, Non-Banking Financial Company (NBFC) funding, and Structured Debt/Mezzanine Finance.
- Banking & Investor Relations: Maintain solid executive relationships with commercial banks, financial institutions, rating agencies, PE funds, and family offices. Negotiate credit facilities, interest rates, tenure, and security covenants.
- Project Finance & Financial Closure: Lead end-to-end financial closure for new land acquisitions, Joint Developments (JDAs), Joint Ventures (JVs), and redevelopment projects. Prepare detailed Information Memorandums (IMs) and bank pitch decks.
- Financial Modeling & Feasibility: Conduct rigorous discounted cash flow (DCF), Internal Rate of Return (IRR), and sensitivity analyses for ongoing projects, land banks, and new business development opportunities.

2. Strategic Cash Flow, Treasury & Working Capital

- Multi-SPV Cash Flow Optimization: Oversee multi-project, multi-SPV cash flow forecasting and liquidity management to eliminate liquidity bottlenecks during intensive construction phases.
- Escrow Management & Fund Deployment: Ensure optimal fund movement between project-specific designated RERA accounts, lender escrow accounts, and operational accounts.
- Treasury Operations: Oversee surplus fund investments, short-term liquidity deployments, interest rate risk management, and forex exposure (if applicable to foreign investments/FDI).

3. Direct & Indirect Taxation Strategy

- Direct Taxation (Income Tax):

- Develop tax-efficient corporate holding structures, SPV arrangements, and JDA models.
- Oversee corporate income tax, Tax Deducted at Source (TDS/TCS) on property sales, contractor payments, and land acquisition payouts.
- Direct tax assessments, litigation strategies, transfer pricing, and appellate proceedings up to tribunals.

Indirect Taxation (GST):

- Formulate comprehensive GST strategies across residential sale models, commercial leasing (Input Tax Credit / ITC optimization), construction contracts, and JDA revenue-sharing/area-sharing arrangements.
- Manage anti-profiteering compliances, reverse charge mechanism (RCM) applicability, joint development land right transfers, and monthly/annual filings (GSTR-1, 3B, 9, 9C).

Tax Audit & Advisory:



Partner with external tax counsel and Big 4 advisory firms for specialized opinions on complex transactions, acquisitions, or restructuring.

4. Real Estate Accounting, RERA & Financial Reporting

- Financial Reporting Standards: Direct the preparation and presentation of monthly, quarterly, and annual standalone and consolidated financial statements in strict accordance with Ind AS 115 (Revenue from Contracts with Customers) / applicable real estate revenue recognition guidelines.
- RERA Financial Governance: Ensure total adherence to the Real Estate (Regulation and Development) Act:

- Strict tracking and deposit of mandatory percentages (70%) into designated project bank accounts.
- Utilization of funds exclusively for land and construction costs.
- Coordination of quarterly RERA CA certificates (Forms 1, 2, and 3) and annual RERA financial audits.

Internal Financial Controls (IFC): Design, implement, and enforce robust internal control frameworks, delegated authority matrix (DOA), and Standard Operating Procedures (SOPs) across procure-to-pay, order-to-cash, and land purchase cycles. Statutory & Internal Audits: Lead all interactions with Statutory Auditors, Internal Auditors, Cost Auditors, and Tax Auditors to ensure clean, unqualified audit reports.

5. ERP, Digital Systems & Vendor/Customer Operations

- ERP Optimization: Oversee the implementation, upgrading, and continuous refinement of Enterprise Resource Planning (ERP) systems (e.g., SAP S/4HANA, Oracle, Highrise, ERPNext) tailored to real estate module integrations (Sales, Billing, Construction Billing, Procurement, Inventory, Fixed Assets).
- Vendor & Contractor Billing: Establish automated, transparent processes for contractor running-account (RA) bills, retention money, holdbacks, and mobilization advances.
- Customer Receivables & CRM Integration: Oversee billing operations, collection schedules, demand letters, interest on late payments, and financial reconciliations between Sales CRM and Core Accounting.

Detailed Performance Indicators (KPIs)

KRA Domain

Key Performance Indicator (KPI)

Measurable Target / Metric

Capital Cost Optimization

Weighted Average Cost of Capital (WACC)





Reduction in borrowing cost across portfolio by 50–100 bps annually.

Cash Flow Management

Variance between forecasted vs. actual cash flow

Maintain variance under across all project SPVs.

Tax Optimization

Effective Tax Rate & ITC Utilization

timely realization and utilization of eligible Input Tax Credit (ITC).

RERA & Statutory Compliance

Zero non-compliance penalty / RERA notices

zero-delay filing of RERA quarterly certificates and tax returns.

Financial Closure Speed

Time to achieve debt/funding closure for new projects

Achieve financial closure within 60–90 days of project sign-off.

Audit Efficiency

Speed and outcome of Annual Financial Audits

Unqualified audit report issued within 45 days of financial year-end.

Candidate Profile & Eligibility Criteria

Educational Background

- Primary Requirement: Chartered Accountant (CA) with mandatory membership of ICAI.
- Preferred Additional Qualifications: MBA in Finance (from a premier institute) / Cost and Management Accountant (CMA) / Chartered Financial Analyst (CFA).

Work Experience

- Total Experience: 10 to 15+ years of post-qualification experience in corporate finance, taxation, and accounting.
- Industry Specific Experience: Minimum 10–20 years in a leadership position (Senior Position/ Head of Finance ) .
- Mandatory Project Track Record: Demonstrated experience in managing finances for projects with a cumulative gross development value (GDV) or portfolio turnover exceeding thousands of millions.

Technical & Functional Competencies

- Deep mastery of Ind AS 115 (Real Estate Revenue Recognition) and complex multi-entity consolidation.
- Expert authority on GST implications in JDA/JV structures, land right transfers, and commercial vs. residential ITC rules.
- Proficient in debt syndication, private equity deals, term sheet negotiation, and lender covenant monitoring.
- Expert knowledge of RERA financial regulations, escrow account rules, and statutory compliances.

Soft Skills & Leadership Qualities

- High ethical standards, integrity, and uncompromising commitment to corporate governance.
- Excellent negotiation skills for interacting with banks, private equity partners, tax authorities, and land partners.
- Strategic business acumen with the ability to translate financial numbers into operational insights for executive leadership.
- Proven track record of building, mentoring, and leading large teams of CA, tax specialists, and accountants (10+ team members).

📌 Head Accounts & Finance(8.4) (Ahmedabad)
🏢 Mitr HR Private
📍 Ahmedabad