Senior Accountant

Job Description

Role & responsibilities

1. Project-wise Accounting & Costing:- Maintain separate books/project accounts for each real estate project as mandatory under RERA. Handle cancellations, penalties, and re-allotments as per RERA and accounting standards.

2. RERA Compliance: Quarterly reconciliation and certification of RERA project bank account. Preparation of Form 1, Form 2, Form 3 and Annual Report (Form 5) taking into consideration the deposits and withdrawals and match with CA/Engineer certificates.

3. Banking & Project Finance: Manage multiple project-specific bank accounts + escrow accounts.

4. Statutory Compliance & Taxation: GST: Monthly/quarterly returns, Input Tax Credit reconciliation, RCM on development rights/TDR, reverse charge on contractors. Income Tax: Advance tax calculation, tax audit (3CD), coordinate statutory audit, tax audit, GST audit, RERA audit etc.

5. Financial Reporting & Audit:- Prepare monthly/quarterly project reports, consolidate financial statements and coordinate statutory audit, tax audit, GST audit, and RERA audit, analyze discrepancies and report to MD as and when required.

6. Budgeting & MIS: - Prepare annual project budgets and cash flows and variance analysis (actual vs budget) on monthly basis and submit to the MD.

7. Team Management: -Supervise and guide junior accountants, review their work, set priorities, monitor bank reconciliations, customer ledgers, GST workings etc in periodic intervals.

8. Financial Accounting & Closing: - Complete monthly/quarterly/yearly book closing within strict deadlines. Compilation of trial balance, P&L, balance sheet of all group companies and personal accounts.

9. Accounts Receivable (AR) & Credit Control: Customer ledger scrutiny, aging analysis, follow-up for overdue Provision for doubtful debts Reconciliation of customer statements

10. Accounts Payable (AP) & Vendor Management: Verify contractor/consultant bills against work orders, measurement books, and running bills and vendors invoices against PO/GRN/contract, ensure proper TDS/GST. Vendor reconciliation, payment runs, aging control Negotiate credit terms with key vendors.

11. Banking: Daily cash & bank position reporting Bank reconciliations, cheque/DD/RTGS/NEFT handling LC/BG monitoring, interest/working capital tracking etc

12. Legal Compliances Maintain statutory registers required if any & assist in ROC filings board resolutions etc. related to finance

13. Systems & ERP: Day-to-day user of Tally Prime Master data maintenance, report Customization, support required if any in ERP implementation/upgrades

Preferred candidate profile

Experience

10-20 Years (Minimum 7 years in Real Estate Industry)

Qualification

• B.Com / M.Com
• CA Inter / CMA (Preferred)
• Strong knowledge of Tally ERP, MS Excel, GST and TDS compliance.

More Info

Education