Senior Accountant

Sr. Accountant Job 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: - 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

1. Educational Qualification: - CA Inter OR CMA Inter / CMA, B.Com / M.Com can apply only if paired with 5-7+ years experience in real-estate sector.

2. Professional Qualification:- Having worked as a Financial Controller Chief Accountant or Senior Accountant/Accounts Manager having exposure to project-wise accounting & RERA compliances.

3. Technical Skills:- Advanced Excel, Tally Prime / Tally ERP or any other real-estate ERP.

1. Excellent knowledge of accounting regulations and procedures, including Generally Accepted Accounting Principles.

5. Thorough knowledge about Compliance & Taxation, RERA bank account reconciliations, RERA certificates, Bank guarantees & LC handling for project finance.

6. Ability to coordinate with multiple departments (Sales, CRM, Projects, Purchase, Legal, Banks, CAs, Auditors).

1. Good communication, adaptability, problem solving, strong interpersonal skills, strong analytical, quantitative skills, deadline handling etc. with accuracy and attention to details.
2. Good experience with general ledger functions and the month-end/quarter-end/year-end close process.
3. Experienced in maintain Banking Reconciliations, NEFT, RTGS & Banking transfers etc.
4. Should have thorough knowledge of financial accounting statements and business trends.
5. Ability to work independently but by following the company policies.