Junior Accountant

Designation:
Junior Accountant

Department:
Finance

Reports To:

Senior Accountant

Qualification:

ACCA/ BCom/ MCom/ MBA

Location:

Salisbury Park, Pune

Employment Type:

Full-Time

Benefits & Salary:  As per market standards, commensurate with experience and qualifications.

Job Summary

We are seeking a detail-oriented and motivated Junior Accountant to join our real estate development firm. The Junior Accountant will assist in managing financial records, preparing reports, processing purchase orders, tracking estimates, and providing accounts administration support. This role is ideal for someone with a strong foundation in accounting principles and a desire to grow within the real estate industry.

Key Responsibilities

Financial Record Keeping

Record and reconcile daily financial transactions, including accounts payable and receivable.
Maintain accurate and up-to-date financial records for the company.
Prepare monthly, quarterly, and annual financial statements.

Banking Activities

Coordinating with the Bank personnel for various banking activities.
Handing and supervision of Directors personal accounts, Share account, portfolio etc.

Budgeting And Reporting

Assist in the preparation of budgets and financial forecasts.
Generate financial reports for management, including variance analysis and cash flow statements.
Monitor project budgets and report on financial performance.

Accounts Payable And Receivable

Process vendor invoices and ensure timely payments.
Prepare and issue client invoices and follow up on outstanding receivables.
Reconcile accounts payable and receivable ledgers.

Purchase Order Processing

Create and process purchase orders (POs) in accordance with company policies.
Verify purchase requests and ensure proper authorization.
Track and reconcile POs to invoices and deliveries.
Maintain an organized PO filing system for easy retrieval and audit purposes.

Estimate Tracking

Assist in tracking project estimates and comparing them to actual costs.
Prepare cost analysis reports to identify variances and support decision-making.
Work closely with project managers to ensure accurate estimate tracking.

Payroll And Expense Management

Assist in processing payroll and ensuring compliance with tax regulations.
Track and reconcile employee expense reports.

Compliance And Auditing

Coordinate with internal & external tax advisors to ensure compliance with tax regulations and optimize tax strategies for real estate transactions.
Prepare & File schedules and supporting documentation for tax filings (TDS, GST, etc.), including property tax returns and company tax returns.
Maintain organized and accurate financial files for audit purposes.
Address audit findings and implement recommended changes to strengthen internal controls and compliance

Project Cost Tracking

Track and report on project-related expenses, including construction costs, permits, and fees.
Assist in analyzing project profitability and cost control measures. Accounts Administration Support
Provide general administrative support to the finance team, including filing, data entry, and correspondence.
Assist in maintaining vendor and client records.
Support the preparation of financial presentations and reports for meetings.

Qualifications

Education and Experience:

Degree in Accounting, Finance, or a related field.
4+ years of accounting experience, preferably in real estate or construction.
Internship or entry-level experience in accounting will be considered.

Skills And Competencies

Proficiency in accounting software (e.g., Zoho Books, Tally, or similar).
Strong knowledge of Microsoft Excel and other Office applications.
Basic understanding of Ind AS (Indian Accounting Standards) and GAAP (Generally Accepted Accounting Principles)
Excellent attention to detail and organizational skills.
Strong analytical and problem-solving abilities.
Good communication and interpersonal skills.
Ability to work independently and as part of a team.

Preferred

Familiarity with real estate development accounting practices.

Experience with project cost tracking and budgeting.
Knowledge of tax regulations related to real estate.

Experience with purchase order processing and estimate tracking. Key Performance Indicators (KPIs)
Accuracy and timeliness of financial reports.
Compliance with accounting standards and regulations.
Efficiency in processing accounts payable, receivable, and purchase orders.
Contribution to successful audits and financial reviews.
Effective tracking and reconciliation of estimates and project costs.

Work Environment

Office-based role with occasional visits to the sales office laborative team environment with opportunities for professional growth.