Vice President - Finance - Real Estate

Company : A Leading 30 years old Real Estate Player

Location : Mumbai

Reporting to : CFO

Experience : 7+ years in Real Estate/Construction

Education : CA/MBA

- Our Client is a leading real estate company based out of Mumbai.

- We are supporting them to hire a VP Finance who will be groomed over a 3- year period to take charge as the CFO.

Job Description :

Corporate Finance :

- Real Estate and Construction financing modeling and planning

- Assessment of requirement of Project Finance and Own Funding.

- Preparation of detailed cash flow.

- Preparation of draft proposal under guidance from the Director.

- Identifying and short listing proposed lenders after discussions and negotiations and obtaining draft / in - principle term sheet.

- Provide cash flow projections at the corporate level incorporating underlying investment cash flows and activity at the fund level in order to project the timing and amounts of contributions and/or distributions. Interfacing with investment accounting will be critical.

- Providing past information and business projections in lenders- formats.

- Guiding back office staff for providing past information and documents along with basic project and business plan.

- Converting raw information as above into presentable Information Memorandum for lenders.

- Negotiating, under guidance from the Director, for best terms for project funding.

- Completion of documentation along with the legal group head, consultants like architects, chartered accountants, engineers, surveyors, auditors.

- Providing regular updates to lenders and the management and ensuring timely statutory and regulatory compliances including RERA..

- Regular interaction with lenders and other consultants as above for strengthening association and relationship building.

- Acquisitions due diligence

- Participate in special projects and other duties as assigned

Accounting, Taxation and Compliance :

- Ensure updated accounting operations for the division (A/P, A/R, G/L, Banking Operations etc.), recording (accounting, returns) of statutory liabilities i.e. Labor Acts related, Direct Tax, Indirect Taxes. Real Estate Related Statutes, all other relevant statutes.

- Ensure timely compliance with requirements under Direct & Indirect Taxes, Other Statutory, MahaRERA, Lender requirements and other routine compliances.

- Conduct annual budgeting and rolling forecasts for multiple real estate and construction projects and entities with inputs from The Director and Project - in - Charge.

- Approve all cash requests and distributions and ensure proper reconciliation of trade entry, accounting, and performance systems

- Tax planning for the division

- Coordinate and manage annual external audits

- Coordinate monthly financial statement preparation

- Analyze Balance Sheet, Income Statement and Cash Flow Statement for accuracy and consistency

- Ensure the integrity and accuracy of accounting systems and general ledger records

- Establish and manage procedures and internal controls for the real estate and construction operations and its accounting systems

- Create/modify/review, as necessary, acquisition/development/construction pro-formats