Senior Accountant

4 days ago

bangalore, 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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