The Senior Accountant shall be responsible for managing the company's financial accounting, statutory compliances, taxation, project accounting, contract accounting, banking, and financial reporting. The role requires ensuring complete financial discipline across both the real estate and government construction divisions while maintaining compliance with all applicable laws and contractual requirements.
Key Responsibilities
1. Financial Accounting
- Maintain complete books of accounts in accordance with applicable Accounting Standards.
- Verify and approve journal entries, payment vouchers, receipt vouchers, and ledger postings.
- Prepare monthly, quarterly, and annual financial statements.
- Perform bank reconciliations and ledger reconciliations.
- Monitor cash flow and working capital requirements.
- Supervise daily accounting operations.
2. Real Estate Accounting
- Maintain project-wise accounts for all real estate developments.
- Record customer advances, booking amounts, cancellations, refunds, and receivables.
- Account for construction costs, land costs, development expenses, and project overheads.
- Monitor inventory of plots, flats, commercial units, and unsold stock.
- Maintain customer ledgers and outstanding statements.
- Prepare project profitability and cost reports.
- Coordinate with sales and legal departments regarding agreements and customer collections.
3. Government Construction Contract Accounting
- Maintain contract-wise accounting records for all government projects.
- Record RA Bills, Running Bills, Final Bills, Security Deposits, Mobilization Advances, Retention Money, and Earnest Money Deposits (EMD).
- Track project-wise revenue, expenditure, and profitability.
- Maintain subcontractor accounts and vendor reconciliations.
- Verify work completion certificates and billing documentation.
- Monitor contract budgets against actual expenditures.
- Prepare project-wise financial MIS reports.
4. Taxation & Statutory Compliance
- Ensure timely filing of GST returns and reconciliation.
- Handle TDS deductions, payments, and return filings.
- Prepare income tax working and coordinate with tax consultants.
- Maintain compliance with labour cess and other statutory deductions applicable to construction contracts.
- Coordinate statutory audits, tax audits, and departmental assessments.
- Ensure compliance with Companies Act and other applicable laws.
5. Banking & Treasury Management
- Manage banking operations including fund transfers, cheque issuance, and online payments.
- Prepare fund requirement statements.
- Coordinate with banks for loans, bank guarantees, overdraft facilities, and LC requirements.
- Monitor interest payments and banking charges.
- Handle project financing documentation.
6. Vendor & Contractor Management
- Verify vendor bills and contractor invoices.
- Ensure payments are processed as per contractual terms.
- Monitor vendor outstanding balances.
- Maintain supplier reconciliations.
- Verify statutory deductions before releasing payments.
7. Payroll & Employee Accounting
- Verify monthly payroll processing.
- Ensure statutory deductions including PF, ESIC, Professional Tax, and TDS.
- Maintain employee reimbursement records.
- Prepare salary reconciliations.
8. Audit & Internal Controls
- Maintain proper accounting records for statutory and internal audits.
- Develop internal financial control systems.
- Ensure documentation is audit-ready at all times.
- Coordinate with external auditors and government audit authorities.
9. Budgeting & MIS Reporting
- Prepare annual budgets.
- Monitor budget versus actual performance.
- Prepare monthly MIS reports including:
- Cash Flow Statement
- Fund Flow Statement
- Project Profitability
- Receivables Ageing
- Payables Ageing
- Cost Analysis
- GST & TDS Status
- Bank Position
- Fixed Asset Register
10. Documentation & Compliance
- Maintain proper accounting records and statutory registers.
- Ensure all financial documents are securely maintained.
- Maintain digital and physical filing systems.
- Coordinate with legal and documentation teams wherever financial records are required.
Authority
The Senior Accountant shall have authority to:
- Verify accounting entries before posting.
- Recommend release of vendor and contractor payments.
- Coordinate directly with banks, auditors, tax consultants, and government departments.
- Recommend improvements in accounting systems and internal controls.
Key Performance Indicators (KPIs)
- Accuracy of financial records.
- Timely statutory compliance.
- Zero penalties due to compliance delays.
- Timely closure of monthly accounts.
- Accuracy of project profitability reports.
- Timely vendor and contractor reconciliations.
- Effective cash flow management.
- Successful completion of statutory and internal audits.
- Timely submission of MIS reports.
- Maintenance of complete audit-ready documentation.
Required Qualifications
- Chartered Accountant (CA), CMA, or M.Com with substantial industry experience.
- Minimum 7–10 years of experience in accounting and finance.
- Experience in both real estate development and government construction projects is preferred.
- Strong knowledge of GST, Income Tax, TDS, labour cess, contract accounting, and project accounting.
- Proficiency in Tally Prime, Microsoft Excel, and ERP systems.
Required Skills
- Financial planning and analysis.
- Project accounting.
- Contract accounting.
- Cost control.
- Taxation and statutory compliance.
- Banking and treasury management.
- Audit coordination.
- Team leadership.
- Strong analytical and problem-solving skills.
- Excellent communication and documentation abilities.
Professional Expectations
- Maintain complete confidentiality of financial information.
- Demonstrate integrity and ethical financial practices.
- Ensure accuracy, timeliness, and accountability in all financial activities.
- Support management with financial insights for strategic decision-making.
- Continuously improve accounting processes and internal controls.
Pay: ₹20,000.00 - ₹35,000.00 per month
Benefits:
- Cell phone reimbursement
- Commuter assistance
- Paid time off
Work Location: In person
