Senior Accountant

Job Description

Designation:  Sr. Accountant
Industry-  Real Estate/Construction

Experience:

2–7 years of experience in construction or builder industry accounting (Professional certifications (CA Inter, CMA Inter) are an added advantage).

Qualifications:

Bachelor's/Master's Degree in Commerce, Accounting, or Finance (B.Com/M.Com).

Location:

Moshi, Pune
Salary:  Negotiable On Current Salary

Responsible for managing all financial operations, maintaining accurate project-wise accounts, handling vendor payments, monitoring cost control, and ensuring compliance with statutory requirements. This role requires strong technical accounting skills, knowledge of construction industry processes, and the ability to work with site teams and management.

Key Responsibilities

1. Financial Accounting & Bookkeeping
Maintain day-to-day accounting in accounting software (Tally ERP, SAP, Quick Books, or industry-specific systems).
Record all financial transactions: purchase entries, sales entries, journal entries, and bank entries.
Ensure correct posting under project codes, job costing, and WBS (Work Breakdown Structure).
Reconcile all ledgers including vendor, client, petty cash, and site advances.
2. Project Costing & Budget Control
Prepare project-wise cost sheets and track expenditures against budgets.
Monitor material consumption with site engineers and cross-verify material receipt notes (MRNs).
Evaluate contractor running bills, labour attendance sheets, and measurement sheets.
Track BOQ vs. actual cost variance and alert management on deviations.
3. Billing & Receivables
Prepare client invoices as per project progress (RA bills, milestone bills).
Verify measurements from engineers before billing.
Follow up on payments and maintain an aging analysis report.
Ensure timely certification of bills by project managers/architects.
4. Vendor Management & Payables
Verify vendor bills with purchase orders, delivery challans, and GRNs.
Process vendor payments based on due dates, retention clauses, and contract terms.
Maintain vendor reconciliation monthly.
5. Banking & Treasury
Handle banking operations: cheque deposits, fund transfers, LC facilities, BGs, overdrafts.
Prepare bank reconciliation statements (BRS) weekly and monthly.
Manage cash flow planning and ensure sufficient funds for project operations.
6. Statutory Compliance
Ensure compliance with GST, TDS, PF/ESI (if applicable), Professional Tax and other statutory requirements.
Prepare monthly GST filings (GSTR-1, GSTR-3B) and TDS returns.
Maintain records for audits and coordinate with external auditors.

7. MIS Reporting
Prepare weekly/monthly MIS reports:
Cash flow statements
Project cost comparison
Outstanding receivables/payables
Budget vs. actuals
Profitability analysis
Submit financial summaries for management review.

8. Coordination with Internal Teams
Work closely with:
Site engineers (material reports, measurements)
Purchase department (POs, vendor negotiations)
Management (financial planning)
Contractors and vendors (bill clarifications)

Technical Requirements / Skills

Accounting & Software Skills
Strong knowledge of ERP like  Tally ERP / Tally Prime  or other customised ERP

Experience with  MS Excel (advanced) : VLOOKUP, Pivot Tables, MIS dashboards.
Familiarity with  construction ERP  or software like:
BuilderMAX
Highrise ERP
SAP (FI/CO)
Quick Books
Zoho Books

Construction-Specific Knowledge
Understanding of:
BOQ (Bill of Quantities)
RA Bills (Running Account Bills)
Joint Measurements / Measurement Sheets
Contractor billing procedures
Material reconciliation
Retention money, mobilization advance, security deposits

Compliance Knowledge
GST filing and reconciliation
TDS deductions and returns
Labour compliance understanding (if part of the role)
Knowledge of accounting standards and audit requirements