A Senior Accountant with RERA knowledge is responsible for overseeing real estate financials, ensuring strict adherence to strict regulatory guidelines (such as segregating project funds), tracking construction costs, and leading overall tax and financial compliance. This role bridges standard corporate accounting with specific real estate regulatory mandates
Core Responsibilities
1. RERA & Regulatory Compliance
· Project Fund Segregation: Monitor and manage the designated RERA bank accounts, ensuring that exactly 70% (or the mandated percentage) of customer collections are utilized exclusively for construction and land costs.
· Regulatory Certification: Assist statutory auditors in obtaining and submitting the required RERA certificates for project withdrawals and fund utilization.
· Documentation: Track and record all agreements for sale, allotments, and builder-buyer agreements in strict accordance with the regulatory framework.
2. Project & Construction Accounting
· Cost Tracking: Maintain project-wise cost sheets, tracking actual expenses against budgets (Budget vs. Actuals) to ensure profitability.
· Contractor & Vendor Billing: Verify contractor bills, running account (RA) bills, and purchase orders (POs) against measurement books (MB) to ensure accurate vendor payouts.
· Receivables & Collections: Monitor customer milestones, handle aging analysis, and follow up on overdue amounts.
3. General Accounting & Financial Reporting
· Accounts Finalization: Manage month-end and year-end closures, and finalize the Trial Balance, Profit & Loss, and Balance Sheet.
· MIS Reporting: Prepare and present periodic Management Information Systems (MIS) reports regarding cash flow updates, sales velocity, and fund utilization.
· Bank Reconciliations: Scrutinize and reconcile all operational, escrow, and RERA accounts on a regular basis.
4. Taxation & Audits
· Statutory Deductions: Ensure correct computation and timely deduction/payment of TDS and GST on contractor/consultant bills and customer collections.
· Tax Filings: Prepare and file periodical GST returns, TDS returns, and income tax documents.
· Audit Support: Act as the primary point of contact for internal, statutory, and tax audits.
Qualifications & Key Skills
· Education: Bachelor’s degree in Commerce/Accounting; Qualified or Semi-Qualified CA, CPA, or CMA is heavily preferred.
· Experience: 5+ to 10+ years of relevant accounting experience within the Real Estate or Construction industry.
· Technical Software: Advanced proficiency in MS Excel (VLOOKUPs, Pivot Tables) and hands-on experience with ERPs or specialized accounting software like Tally Prime, SAP, or Yardi.
· Soft Skills: Strong analytical capabilities, uncompromising attention to detail, and the ability to train and mentor junior accounting staff.
Pay: ₹45,000.00 - ₹70,000.00 per month
Benefits:
- Paid sick time
- Paid time off
Work Location: In person
