HEAD OF FINANCE & ACCOUNTS

Company Description Nawah is a real estate company founded in 2014 with a vision to bring Indian home-building standards closer to global living standards. Established by co-founders Siddharth Sekhar Mohapatra and Bijay Laxmi Tripathy, the company focuses on delivering high-quality residential projects. Nawah has successfully executed and handed over Nawah Nests to more than 600 families since its inception. While relatively young in the real estate sector, Nawah has rapidly built strong credibility and a reputation for accountability. The organization continues to grow its portfolio and impact in the housing market.

Job Description:-

1. Overall Financial Management

• Overall in-charge of Finance, Accounts, Taxation, and Compliance functions.
• Establish and monitor financial policies, SOPs, and internal controls.
• Ensure financial discipline across all projects and departments.

2. Accounting & Financial Reporting

• Supervise maintenance of books of accounts as per Companies Act, 2013 and Accounting Standards.
• Ensure timely preparation of:
• Monthly, quarterly & annual financial statements
• Project-wise profitability statements
• Cost sheets and variance analysis
• Finalization of accounts and coordination with statutory auditors.

3. Project Finance & Cost Control (Critical for Real Estate)

• Monitor project-wise budgets, cost overruns, and cash flows.
• Control construction costs including:
• Material procurement
• Contractor bills
• Labour payments
• Approve and monitor Running Account (RA) Bills of contractors.
• Track percentage completion method (POCM) / project completion method.

4. Cash Flow & Fund Management

• Prepare and monitor cash flow forecasts project-wise and company-wise.
• Ensure availability of funds for:
• Land payments
• Construction activities
• Statutory dues
• Optimize working capital and fund utilization.

5. Banking & Borrowings

• Liaison with banks and financial institutions for:
• Project loans
• Term loans
• OD / CC facilities
• Compliance with loan covenants and submission of bank statements.
• Handling escrow accounts / RERA designated accounts.

6. Taxation & Statutory Compliance

• Ensure compliance under:
• Income-tax Act (TDS, advance tax, returns, assessments)
• GST (returns, ITC, reconciliation, litigation)
• RERA financial compliance
• Handle notices, assessments, and appeals in coordination with consultants.
• Tax planning for projects and company structure.

7. RERA & Regulatory Compliance

• Ensure compliance with RERA financial provisions, including:
• 70% fund parking in designated account
• Chartered Accountant certificates (Form 3/4)
• Maintain project-wise financial disclosures as required by authorities.

8. MIS & Management Reporting

• Prepare Management Information System (MIS) reports:
• Project profitability
• Cash flow status
• Debtors & receivables
• Inventory and unsold units
• Provide strategic inputs to Board / Directors for decision-making.

9. Internal Control & Risk Management

• Design and implement internal control systems.
• Prevent financial leakages, fraud, and non-compliance.
• Conduct periodic internal financial reviews.

10. Coordination & Team Leadership

• Lead and supervise the accounts & finance team.
• Coordinate with:
• Project managers
• Procurement department
• Legal & compliance teams
• Act as key point of contact for auditors, consultants, and regulators.

11. Legal & Contractual Financial Matters

• Review financial clauses in:
• Construction contracts
• Joint development agreements
• Land purchase agreements
• Ensure proper accounting and compliance with contractual terms.

12. Strategic & Advisory Role

• Advise management on:
• Project feasibility and ROI
• Funding structure
• Tax-efficient structuring
• Support expansion, joint ventures, and new project evaluation.

Qualification- Must be CA.