Comprehensive : Head Accounts & Finance

Position Title: Head Accounts & Finance

Department: Corporate Finance, Tax & Accounts

Reports To: Managing Director (MD)

Location: Corporate Office

Industry: Real Estate Development & Infrastructure (Residential, Commercial, & Mixed-Use)

Organization Type: Large-Scale Real Estate Conglomerate

Role Overview & Strategic Intent The Head Accounts & Finance is a C-suite leadership position accountable for the end-to-end financial stewardship, tax strategy, capital allocation, and statutory compliance of the organization. Operating across corporate entities, project Special Purpose Vehicles (SPVs), and Joint Venture (JV) frameworks, this role acts as a core strategic partner to the CEO and Board of Directors.

The primary objective is to build a high-performing financial engine that optimizes project profitability, minimizes direct and indirect tax exposure, maintains strict statutory and RERA compliance, secures debt/equity financing at competitive costs, and establishes rigorous internal controls across all stages of land acquisition, development, construction, and asset monetization.

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 strong 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 current 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.

Candidate Profile & Eligibility Criteria

Educational Background

- Primary Requirement: Chartered Accountant (CA) with mandatory membership of ICAI.

Work Experience

- Total Experience: 10 to 15+ years of post-qualification experience in corporate finance, taxation, and accounting.
- Industry Specific Experience: Minimum 1020 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 (Ahmedabad)
🏢 Navratna Organisers u0026 Developers
📍 Ahmedabad