Sr Accountant(Real estate)

Job Summary

We are seeking a highly skilled and detail-oriented Senior Accountant with extensive experience in the construction sector. The ideal candidate will be responsible for managing the full spectrum of financial accounting, with a specific focus on project costing, compliance with Indian tax laws (including GST and TDS), and ensuring the accuracy of our financial statements. You will play a key role in financial planning, analysis, and providing strategic insights to support project profitability and company growth.

Key Responsibilities

1. Project Accounting & Cost Management:

· Maintain accurate and up-to-date financial records for multiple construction projects simultaneously.

· Monitor project costs against budgets, investigate variances, and report findings to project managers and senior management.

· Allocate indirect costs to appropriate projects and cost centers.

· Manage Work-in-Progress (WIP) schedules and ensure accurate percentage-of-completion (POC) accounting as per Indian Accounting Standards (Ind AS).

· Review and process project-related invoices, subcontractor bills, and employee expense reports.

2. Financial Reporting & Analysis:

· Prepare monthly, quarterly, and annual financial statements (P&L, Balance Sheet, Cash Flow) in accordance with Ind AS.

· Perform monthly closing activities, including journal entries, account reconciliations (bank, debtors, creditors), and balance sheet scrutiny.

· Conduct variance analysis and provide meaningful commentary on financial performance.

· Prepare and monitor cash flow forecasts to ensure adequate liquidity for project needs.

3. Taxation & Statutory Compliance (India Specific):

· GST Compliance: Manage end-to-end GST processes, including accurate preparation and timely filing of GSTR-1, GSTR-3B, and GSTR-9 annual returns. Handle GST input tax credit (ITC) reconciliation and refund claims.

· TDS/TCS Compliance: Ensure correct deduction of TDS on payments to vendors, subcontractors, and employees. Prepare and file TDS returns (Form 26Q, 24Q, etc.) and issue Form 16A promptly.

· Income Tax: Assist in the preparation of advance tax calculations and corporate income tax returns.

· Liaise with external auditors, tax consultants, and legal advisors for statutory audits and assessments.

4. Accounts Payable & Receivable Management:

· Oversee the entire accounts payable cycle, ensuring timely and accurate payment to vendors and subcontractors.

· Manage accounts receivable, including billing to clients, tracking collections, and following up on overdue payments.

· Reconcile vendor and customer accounts regularly.

5. Internal Controls & Process Improvement:

· Develop, implement, and monitor robust internal financial controls and procedures.

· Ensure compliance with company policies and procedures.

· Identify opportunities for process improvements to enhance efficiency and accuracy within the accounting function.

Required Qualifications & Experience

· Qualification:B.Com, MBA in Finance or M.Com with relevant experience.

· Experience: 10 to 15 yrs years of progressive accounting experience, with a minimum of 3-4 years specifically in the construction/real estate/infrastructure industry in India.

· Technical Skills:

o Mandatory: Proficiency in Tally Prime / Tally.ERP 9. Experience with advanced Excel (Pivot Tables, VLOOKUP, etc.) is essential.

o Preferred: Experience with any other construction-specific ERP software (e.g., SAP, Oracle).

· Taxation Knowledge: In-depth, hands-on knowledge of GST and TDS provisions as applicable to the construction industry.

Job Type: Full-time

Pay: ₹40,000.00 - ₹80,000.00 per month

Work Location: In person