Senior Accountant

Job Title: Senior Accountant – Real Estate

Department: Finance & Accounts

Location: Mumbai, Maharashtra

Experience: 5–8 years in real estate/construction accounting

Job Summary

We are looking for a detail-oriented Senior Accountant with strong experience in real estate accounting. You will handle day-to-day accounting, ensure compliance with RERA and GST, manage taxation, and oversee payables and vendor payments. The ideal candidate understands project-based accounting, escrow mechanisms, and developer compliance.

Key Responsibilities

1.       Real Estate & RERA Accounting 

·       Maintain books of accounts for multiple projects as per RERA guidelines 

·       Track project-wise inflows, expenses, and cost allocation in line with RERA rules

·       Prepare and reconcile RERA escrow account statements and 70:30 withdrawal certificates 

·       Coordinate with auditors for RERA annual audit and Form 3, Form 5 certifications

·        Monitor construction cost vs budget and maintain project-wise profitability

2.       GST & Taxation

·       Ensure timely and accurate GST filing: GSTR-1, GSTR-3B, GSTR-9, and ITC reconciliation

·       Handle GST on advance receipts, abatement, and ITC reversal for unsold inventory

·       Compute and file TDS returns, TDS on property purchase u/s 194IA, and other direct tax compliances 

·       Support income tax assessments, GST audits, and department queries/notices 

·       Keep team updated on changes in GST, RERA, and Income Tax relevant to real estate

3.       Accounts Payable & Vendor Management

·       Process vendor bills, contractor invoices, and consultant payments after 3-way match

·       Schedule and execute payments as per agreed credit terms and cash flow 

·       Maintain vendor ledgers, reconcile accounts, and resolve disputes 

·       Track retention money, advances, and debit/credit notes for contractors 

·       Ensure TDS and GST compliance on all vendor payments

4.       General Accounting & Reporting

·       Handle day-to-day accounting: journal entries, bank reconciliation, inter-company entries 

·       Prepare monthly MIS, cash flow statements, and project-wise P&L 

·       Assist in finalization of books, statutory audit, internal audit, and tax audit

·       Maintain fixed asset register and handle capitalization for projects 

·       Support budgeting, forecasting, and variance analysis

Required Skills & Qualifications

·       Education: B.Com/M.Com/MBA-Finance. CA-Inter/CA preferred 

·       Experience: 5+ years in real estate/developer/construction accounting 

·       Technical: Strong knowledge of RERA accounting, project escrow, GST on real estate, TDS, and Income Tax 

·       Systems Hands-on with Tally Prime, SAP, or other ERP. Strong Excel skills 

·       Soft Skills: Detail-oriented, deadline-driven, strong vendor negotiation, and good communication