Accounts Executive - Finance & Accounts

Designation: Accounts Executive

Compensation: 25,000 - 30,000

Location: Lavelle Road, Bangalore

Woking Schedule: Mon - Sat (10:00am - 7:00pm)

Experience: Minimum 2 years

Key Responsibilities:

• Vendor Payments & Accounts Payable
• Payment Management: Oversee the complete cycle of accounts payable, specifically for construction projects (materials, subcontracts, labor, machinery rental).
• Vendor & Subcontractor Payments: Process, verify, and track all incoming vendor invoices, ensuring proper approvals are obtained according to project budgets and purchase orders.
• Retainage Management: Accurately track and manage retainage payable to subcontractors and suppliers, ensuring timely release as per contract terms and completion certificates.
• Reconciliation & Month-End Closing (30%)
• Bank & Ledger Reconciliation: Perform timely and accurate reconciliation of all bank accounts, cash/fund flow statements, and major general ledger accounts (e.g., Accounts Payable, Advance accounts).
• Inter-Company/Project Reconciliation: Reconcile all financial transactions occurring between various construction projects and inter-company accounts.
• Month-End Support: Assist with the monthly and annual financial closing process, ensuring all entries are recorded accurately and deadlines are met.
• Tax Compliance (GST & TDS)
• GST Compliance: Prepare and ensure timely and accurate filing of all Goods and Services Tax (GST) returns (GSTR-1, GSTR-3B, etc.).
• Input Tax Credit (ITC): Monitor, verify, and reconcile Input Tax Credit (ITC) claims, ensuring maximum utilization and compliance with GST rules specific to the construction sector.
• TDS Management: Handle all aspects of Tax Deducted at Source (TDS), including calculating, deducting, depositing, and filing quarterly TDS returns (Form 24Q, 26Q), with particular attention to TDS on works contracts.
• General Accounting & Audits
• Maintain accurate fixed asset registers and track construction-in-progress (CIP) accounts.
• Assist in the preparation of schedules and documentation required for statutory, tax, and internal audits.
• Ensure adherence to all company accounting policies and statutory regulations.

Required Qualifications

Experience: Minimum of 2-4 years of experience in core accounting roles

Education: Bachelor’s or Master’s degree in Commerce, Accounting, or Finance.

Technical Skills:

Proven, expert proficiency with an ERP system, Tally Prime is essential.

Basic knowledge of MS Excel.

Knowledge: Deep, practical understanding of Indian taxation (GST, TDS, Income Tax provisions) as they apply specifically to works contracts, subcontractors, and construction material procurement.

Job Type: Full-time

Pay: ₹25,000.00 - ₹30,000.00 per month

Benefits:

• Internet reimbursement
• Leave encashment
• Paid sick time
• Paid time off

Work Location: In person