▷ [3 Days Left] Senior Accountant

4 weeks ago

Bengaluru South, India Vaishnodevi Estates Full time

Firm: Vaishnodevi Estates

Job Title: Senior Accountant

Location: RR Nagar, Bangalore, India

Department: Finance & Accounts

Industry: Real Estate / Property Development

Reporting To: CEO/COO

Experience Required: 5–8 years (Real Estate experience preferred)

Budget: 6 - 15LPA depending on candidate

Job Summary:

We are looking for a detail-oriented and experienced Senior Accountant to manage and oversee the daily operations of the accounting department. The ideal candidate should have a strong background in real estate accounting, including project cost tracking, revenue recognition, taxation, and compliance. This role requires accuracy, strong analytical skills, and a sound understanding of accounting principles applicable to real estate operations.

Key Responsibilities:

General Accounting & Bookkeeping

- Manage day-to-day accounting functions, including accounts payable/receivable, general ledger, and bank reconciliations.
- Ensure timely and accurate monthly, quarterly, and annual closings.
- Maintain accurate financial records in compliance with applicable accounting standards (e.g., Ind AS).

Project Accounting

- Monitor and track project-wise costs, revenues, and profitability.
- Coordinate with project managers and site teams to reconcile project-related expenses.
- Maintain proper allocation of expenses to respective projects and cost centers.

Revenue Recognition & Invoicing

- Manage revenue recognition in accordance with real estate norms (e.g., percentage of completion method).
- Oversee customer billing, receipts, and sales booking entries.
- Work with the CRM/Sales team to ensure timely invoicing and collections.

Compliance & Taxation

- Ensure compliance with statutory requirements including GST, TDS, Income Tax, and RERA.
- Prepare and file tax returns and other regulatory filings as required.
- Coordinate with auditors, consultants, and government authorities for statutory audits and inspections.

MIS & Reporting

- Prepare financial reports, cash flow statements, and project-wise profitability reports.
- Provide timely and accurate MIS to management for strategic decision-making.
- Assist in budget preparation and variance analysis.

Internal Controls & Process Improvement

- Implement and monitor internal controls to safeguard company assets and improve financial accuracy.
- Streamline accounting processes and support digital transformation initiatives.

Key Requirements:

- Bachelor’s degree in Accounting, Finance, or Commerce. CA Inter or MBA (Finance) preferred.
- 5–8 years of accounting experience, with at least 2–3 years in real estate or construction.
- Sound knowledge of Indian Accounting Standards, GST, TDS, and RERA compliance.
- Hands-on experience with accounting software such as Tally ERP, SAP, or similar systems.
- Proficient in MS Excel and financial modeling tools.
- Strong attention to detail, analytical mindset, and problem-solving skills.
- Ability to manage multiple priorities and meet deadlines.

Preferred Attributes:

- Experience working in a real estate developer or construction firm.
- Familiarity with project-based accounting and real estate sales cycle.
- Good communication skills and ability to work cross-functionally.
- Proactive and self-driven approach to work.

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