Senior Associate

Kalagara Ventures Private Limited; Eluru District; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Kalagara Ventures Private Limited, headquartered in India with a USA office, is seeking a Senior Associate for Investments & Acquisitions. The role centers on underwriting, financial modeling, and regulatory compliance across multiple entities.

This is a work-from-office position with strict local-candidate requirements for Eluru. You will manage property underwriting, land acquisition analysis, licensing, and intercompany accounting while collaborating with the principal and cross-functional

Qualifications

• MBA or equivalent with Finance specialization.
• 2+ years of experience in financial analysis, underwriting, audit, compliance, or accounting.
• Advanced Excel, including the ability to build a multi-tab cash flow model from a blank workbook.
• Working command of DCF, FCFF, FCFE, WACC, NPV and IRR, and cap rate and NOI mechanics.
• Power BI, including data modeling.
• Strong written English and meticulous attention to detail against fixed filing deadlines.

Responsibilities

• Build and maintain property-level cash flow models for acquisitions, ground-up development, and refinances, including rent rolls, operating expense buildups, lease-up and absorption assumptions, debt schedules, and interest carry during construction.
• Run valuation and return analysis using DCF, FCFF, FCFE, WACC, NPV, levered and unlevered IRR, equity multiple, cash-on-cash return, and exit value derived from cap rate and stabilized NOI.
• Size debt and test capital structure using DSCR, debt yield, LTV, LTC, and yield-on-cost versus market cap rate spread.
• Build scenario and sensitivity tables covering exit cap movement, construction cost overruns, rent growth, absorption timing, and interest rate and carry duration.
• Prepare investment OMs with a clear recommendation, key assumptions, and downside case.

Skills

Financial analysis

Underwriting

Financial modeling

Strong written English

Education

MBA or equivalent with Finance specialization

Tools

Excel

Power BI

Job description

Job Description: Senior Associate, Investments & Acquisitions
Company: Kalagara Ventures Private Limited
Position Title: Senior Associate
Department: Investments & Acquisitions
Reports To: Principal, Kalagara, Inc.
Work Arrangement: Work From Office (WFO) *** LOCAL CANDIDATES TO ELURU ONLY ***
USA Office Address: 3540 Toringdon Way, Suite 200, Charlotte, NC 28277
India Office Address: Aditya Central, D.no 4-15-5, LIC Road, beside Balaji theatre, Main Bazar, Agraharam, Eluru, Andhra Pradesh - 534001, India
Work Schedule: Monday - Saturday (Sunday off)
Timings: 6:00 PM - 3:00 AM IST (includes a 1-hour break)

About Us

Kalagara, Inc. is the parent company behind a group of businesses that work together to support communities and help people grow. We are involved in four main areas: real estate (Ram Realty DBA Kalagara Realty), home financing (Ram Mortgage), construction (Kalagara Builders), and investment services (Ram Realty Trust)
Our goal is to create trusted, long-term value through everything we do whether its helping someone buy their first home, funding new projects, or building spaces that bring people and ideas together. Each of
our companies is guided by strong values, careful planning, and a focus on quality
Together, we are building a better tomorrow, one step at a time

Job Summary

Kalagara, Inc. is seeking a Senior Associate for our Investments & Acquisitions function. This is a broad, high-trust role that sits at the center of a multi-entity operating group spanning mortgage lending, real
estate brokerage, construction, insurance, title, and real estate investment. You will underwrite deals, build the financial models that decide whether we buy land or walk away, keep our licenses and regulatory filings current across a growing multi-state footprint, and own the books that everything else is measured against.

Key Responsibilities

Property Underwriting & Financial Modeling

• Build and maintain property-level cash flow models for acquisitions, ground-up development, and refinances, including rent rolls, operating expense buildups, lease-up and absorption assumptions, debt schedules, and interest carry during construction
• Run valuation and return analysis using DCF, FCFF, FCFE, WACC, NPV, levered and unlevered IRR, equity multiple, cash-on-cash return, and exit value derived from cap rate and stabilized NOI
• Size debt and test capital structure using DSCR, debt yield, LTV, LTC, and yield-on-cost versus market cap rate spread
• Build scenario and sensitivity tables covering exit cap movement, construction cost overruns, rent growth, absorption timing, and interest rate and carry duration
• Prepare investment OMs with a clear recommendation, key assumptions, and downside case

Land Acquisition & Built-to-Sell Analysis

• Evaluate land parcels using built-to-sell analysis: residual land value, hard and soft cost buildups, contingency, developer profit margin, sales absorption schedules, and stabilized value at exit
• Compare competing land opportunities on a consistent basis and maintain a pipeline tracker of parcels under review, under contract, and passed on, with the reason recorded
• Support zoning and entitlement due diligence, including permitted use analysis, density and setback constraints, utility and access confirmation, and obtaining written zoning verification from the jurisdiction rather than inferring intent from code text

Mortgage & Brokerage Regulatory Compliance

• Prepare and file quarterly Reports, reconciling loan-level production data across both broker and non-delegated correspondent channels
• Manage filings, examination and information requests, and responses to findings, working alongside the equivalent regulators in other licensed states
• State license renewals, maintain real estate brokerage compliance across licensed states, including firm and provisional broker licensing

Licensing & Business Expansion

• Manage new state license applications across mortgage, real estate, insurance, and title entities, including NMLS company and branch filings, financial statement and net worth submissions, bond placement, background and credit documentation, and registered agent appointment
• Support entity formation, foreign qualification, operating agreement maintenance, and corporate record keeping for new and existing subsidiaries
• Research the regulatory requirements for new business lines before launch and produce a written go or no-go summary with the licensing path and cost to enter

Accounting, Bookkeeping & Reporting

• Own day-to-day bookkeeping across all entities, including accounts payable and receivable, payroll coordination, bank and credit card reconciliation, and month-end close
• Maintain the chart of accounts and administer intercompany allocations and shared- services cost assignment between the parent and its subsidiaries

Cross-Functional Support

• Serve as compliance and finance support to any or all subsidiaries as needs shift, including insurance agency and title company buildout, and take on new workstreams as the group expands
• Document processes as you build them so that the work is repeatable and transferable rather than dependent on one person

Qualifications and Skills

Required:

• MBA or equivalent postgraduate qualification with a Finance specialization
• 2+ years of experience in financial analysis, underwriting, audit, compliance, or accounting
• Advanced Excel, including the ability to build a multi-tab cash flow model from a blank workbook
• Working command of DCF, FCFF, FCFE, WACC, NPV and IRR, and cap rate and NOI mechanics
• Power BI, including data modeling
• Strong written English and meticulous attention to detail against fixed filing deadlines
• Genuine curiosity and a strong desire to learn. Someone who reads the statute rather than a summary of it and follows a discrepancy until it is resolved

Preferred:

• Exposure to U.S. mortgage banking, real estate, title, or construction
• Familiarity with NMLS, RESPA, TRID, or BSA/AML requirements
• QuickBooks Online, Zoho Books, or comparable accounting software
• Progress toward CFA, FRM, or ACCA
• Comfort using AI tools for research, document review, and model and process documentation

What We Offer

• A competitive salary and benefits package
• Exposure to U.S. work culture, financial regulation, and processes
• Direct working relationship with principal and unusual breadth across multiple operating companies
• Access to a modern tech stack, including leading AI and analytics tools
• Support for continued professional certification and a chance to grow with a dynamic company