Accountant

Company Description

Magnet Cowork is building a system-driven workspace brand across India. We operate coworking and managed office centres designed for performance, scalability, and financial discipline.

We are looking for an Accountant who understands numbers beyond bookkeeping -someone who can manage compliance, control cash flow, and bring financial clarity to operations.

Role Description

This is a full-time, on-site role based in Chandigarh. The Accountant will be responsible for daily financial transactions, preparing financial reports, reconciling accounts, and maintaining compliance with accounting regulations and standards. The role also includes managing payroll, budgeting, and collaborating with team members for financial planning. The Accountant will play a vital role in ensuring the financial health and operational efficiency of the organization.

Key Responsibilities (KRA-Based)

1. Bookkeeping & Financial Accounting

Maintain accurate books of accounts (daily, weekly, monthly)

Bank reconciliation

Vendor and customer ledger management

Expense tracking and cost control

Monthly closing of books

2. GST & TDS Compliance

GST return filing (GSTR-1, GSTR-3B, reconciliation)

TDS deduction, payment, and filing

Input tax credit reconciliation

Coordination with CA for statutory audits

3. Other Statutory Compliance

Professional tax, labour compliance coordination

Ensuring zero non-compliance penalties

4. Payroll Management

Salary processing

PF/ESI coordination

Attendance reconciliation

5. Client Financial Management

Client invoicing

Follow-up on receivables

Agreement documentation support (leasing / managed office contracts)

Deposit tracking and reconciliation

6. Financial Reporting & Controls

Monthly P&L preparation

Balance Sheet preparation

Cash Flow & Funds Flow statements

Budget vs Actual analysis

Cost per seat / centre profitability analysis

Required Skills & Experience

36 years of experience in accounting

Strong knowledge of GST & TDS

Experience in service industry preferred (real estate / coworking / hospitality a plus)

Proficiency in Tally

Advanced Excel and Google Sheets skills (mandatory)

Strong follow-up discipline and documentation skills

Ability to work independently without supervision

Power BI Knowledge will be preferred.

What We Expect

Accuracy over speed

Discipline over excuses

Ownership over dependency

Zero compliance errors

Compensation - Best as per company standards