Job Description

Company Details: A renowned Real Estate Company.

Job Location Chembur, Mumbai

Salary Offered Up To 12 LPA

Qualification Qualified Chartered Accountant

Experience 4+ years

Working Days Monday to Saturday

Office Timings 10:00 AM - 07:00 PM

Roles & Responsibilities:

1. Accounting & Financial Management

Supervise day-to-day accounting operations and ensure accurate maintenance of books of accounts.
Oversee general ledger, accounts payable, accounts receivable and bank reconciliations.
Review accounting entries, journal vouchers, provisions and adjustments.
Ensure timely monthly, quarterly and annual closing of accounts.
Prepare and review financial statements, including balance sheets, profit and loss statements and cash flow statements.
Maintain project-wise and entity-wise accounting records.
Monitor intercompany transactions, partner capital accounts and loans.
Ensure adherence to applicable accounting standards and company policies.

2. Real Estate Project Accounting

Maintain project-wise cost records and profitability statements.
Track construction expenditure against approved budgets.
Monitor contractor bills, vendor payments, retention amounts, advances and reconciliations.
Review accounting for land acquisition, development rights, redevelopment obligations and project expenses.
Track customer collections, outstanding receivables and project cash flows.
Coordinate with construction, procurement, sales and CRM departments to ensure accurate financial reporting.
Prepare project-wise cost-to-complete statements and financial MIS.

3. Direct & Indirect Taxation

Ensure timely and accurate GST compliance, including GSTR-1, GSTR-3B and applicable reconciliations.
Review input tax credit eligibility and GST treatment of real estate transactions.
Oversee TDS/TCS deductions, payments, returns and reconciliations.
Coordinate income tax computations, advance tax payments and annual return filings.
Assist in handling income tax and GST assessments, notices and departmental queries.
Work with external tax consultants to ensure tax-efficient and compliant transactions.
Maintain updated knowledge of taxation applicable to real estate development, redevelopment and construction.

4. Banking, Treasury & Cash Flow Management

Prepare periodic cash flow statements and fund requirement reports.
Monitor banking transactions, loan accounts, interest calculations and repayment schedules.
Coordinate with banks for project finance, working capital facilities and documentation.
Track utilisation of project funds and compliance with lending conditions.
Prepare financial information required by banks and financial institutions.
Monitor receivables, payables and upcoming financial commitments.

5. Financial Planning, Budgeting & MIS

Prepare monthly management information reports.
Develop project-wise budget-versus-actual statements.
Analyse cost overruns, profitability, cash flow gaps and financial variances.
Prepare financial dashboards for management review.
Assist in annual budgeting, forecasting and financial planning.
Identify opportunities for cost optimisation and improvements in financial controls.
Present key financial observations and actionable recommendations to management.

6. Statutory Compliance & Audit

Coordinate statutory audits, tax audits, internal audits and other regulatory audits.
Ensure timely completion of statutory filings and applicable financial disclosures.
Support financial compliance under RERA and other applicable real estate regulations.
Maintain proper accounting documentation, records and audit trails.
Identify financial control weaknesses and implement corrective measures.
Coordinate with company secretaries, auditors and legal consultants on finance-related matters.

7. Internal Controls & Process Improvement

Establish and strengthen accounting procedures, approval systems and financial controls.
Review payment authorisations and supporting documentation.
Implement checks to prevent accounting errors, duplicate payments and financial irregularities.
Improve accounting automation, reporting accuracy and efficiency.
Supervise and guide junior accounts team members.
Ensure compliance with internal financial policies and approval matrices.

Skills