We are seeking a highly skilled and detail-oriented Senior Accountant with extensive experience in the construction sector. The ideal candidate will be responsible for managing the full spectrum of financial accounting, with a specific focus on project costing, compliance with Indian tax laws (including GST and TDS), and ensuring the accuracy of our financial statements. You will play a key role in financial planning, analysis, and providing strategic insights to support project profitability and company growth.
Key Responsibilities
1. Project Accounting & Cost Management:
Maintain accurate and up-to-date financial records for multiple construction projects simultaneously.
Monitor project costs against budgets, investigate variances, and report findings to project managers and senior management.
Allocate indirect costs to appropriate projects and cost centers.
Manage Work-in-Progress (WIP) schedules and ensure accurate percentage-of-completion (POC) accounting as per Indian Accounting Standards (Ind AS).
Review and process project-related invoices, subcontractor bills, and employee expense reports.
2. Financial Reporting & Analysis:
Prepare monthly, quarterly, and annual financial statements (P&L, Balance Sheet, Cash Flow) in accordance with Ind AS.
Perform monthly closing activities, including journal entries, account reconciliations (bank, debtors, creditors), and balance sheet scrutiny.
Conduct variance analysis and provide meaningful commentary on financial performance.
Prepare and monitor cash flow forecasts to ensure adequate liquidity for project needs.
Manage end-to-end GST processes, including accurate preparation and timely filing of GSTR-1, GSTR-3B, and GSTR-9 annual returns. Handle GST input tax credit (ITC) reconciliation and refund claims.
TDS/TCS Compliance:
Ensure correct deduction of TDS on payments to vendors, subcontractors, and employees. Prepare and file TDS returns (Form 26Q, 24Q, etc.) and issue Form 16A promptly.
Income Tax:
Assist in the preparation of advance tax calculations and corporate income tax returns.
Liaise with external auditors, tax consultants, and legal advisors for statutory audits and assessments.
4. Accounts Payable & Receivable Management:
Oversee the entire accounts payable cycle, ensuring timely and accurate payment to vendors and subcontractors.
Manage accounts receivable, including billing to clients, tracking collections, and following up on overdue payments.
Reconcile vendor and customer accounts regularly.
5. Internal Controls & Process Improvement:
Develop, implement, and monitor robust internal financial controls and procedures.
Ensure compliance with company policies and procedures.
Identify opportunities for process improvements to enhance efficiency and accuracy within the accounting function.
Required Qualifications & Experience
Qualification:
B.Com, MBA in Finance
or
M.Com with relevant experience.
Experience:
10 to 15 yrs years of progressive accounting experience, with a
minimum of 3-4 years specifically in the construction/real estate/infrastructure industry in India.
Technical Skills:
o
Mandatory:
Proficiency in Tally Prime / Tally.ERP 9. Experience with advanced Excel (Pivot Tables, VLOOKUP, etc.) is essential.
o
Preferred:
Experience with any other construction-specific ERP software (e.g., SAP, Oracle).
Taxation Knowledge:
In-depth, hands-on knowledge of
GST
and
TDS
provisions as applicable to the construction industry.
Job Type: Full-time
Pay: ₹40,000.00 - ₹80,000.00 per month
Work Location: In person
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