Assistant Manager- Accounts

We are Hiring Assistant Manager - Accounts & finance

Company - Rohan Builders and developers Pvt Ltd

Exp - 6 to 10 Yrs (from Real estate background only)

Location - BKC (Mumbai)

Purpose of the role

1. Responsible for accurate customer and vendor transactions management, preparation of data for statutory compliance and tax assessments as well as banking reconciliations.

Key Responsibilities

1. Accounting and book closure

2. Daily review and closure of project purchases, labour and other administrative expenses

3. Assisting manager in compliance with Ind AS and Accounting Standards
4. Reconciliation of inter-company and partners transactions
5. Reconciliation of customer transactions and customer account closure
6. Preparation of bank reconciliation and status of periodic cash balance
7. Accounting for Assets acquisition, depreciation and Asset register
8. Processing and closure of payroll, employee advances, F&F settlements etc.
9. Cross check payroll & salary every quarter wrt master data
10. Solving ERP related issues and changes in day to day accounting
11. Review vendor outstanding and advance against works done

12. Review the urgent priorities for the day, week and provide special attention on the same

13. Banking and Loan transactions

14. Periodic reconciliation of bank accounts and up to date bank balances in the system

15. Posting of transactions related to Fixed deposits and other investments
16. Checking and posting of financial costs related to bank loans and other unsecured loans
17. Payment to local authorities and land acquisition related payments

18. Preparing accurate data required to be given to Banks for regular statements or one-time requirements

19. Statutory compliance

20. Understanding changes in taxation or other laws and advising on implications on processes such as Purchase Orders, etc for minimizing tax outflows (at manager level).

21. Preparation of periodic data for all types of statutory compliances like GST, TDS, Employee Compliances (PF, PT, ESIC, LWF)
22. Correction of variances in the ERP system regarding tax liability and vendor balances
23. Coordination with various departments for monthly account closure and accounting
24. Preparation of data against notices and tax assessments with various tax authorities for timely closure and compliance

25. Maintaining proper documentary evidence for all statutory payments

26. Land and TDR accounting:

27. Booking of sale and purchase of land and updating of land bank for audit purpose

28. Recording for land related payments as per schedule defined in the agreement
29. Record and reconciliation of TDR purchase and sale by confirmation from liasioning department

30. Payment of TDS as applicable and compilation of necessary audit related documents

31. Audits and Assessments:

32. Preparation and compilation of audit related documents for periodic review

33. Providing auditors with data required for statutory and tax audit purposes
34. Preparation of tax data to be shared with tax consultants
35. Preparation and communication of pending transactions, bill posting and approvals with all the necessary departments and follow up

36. Guide the team to coordinate with various departments for timely processing of the payments, bills approvals, vendor tax disputes, etc.

37. Customer Handling checks whether payments in time, raise flags where delayed, etc

38. RERA Compliance

39. MIS / Reports Preparation

40. Create various MIS template as needed for the Manager/AGM regarding periodic accounting, tax liability and pending transactions.

41. Sharing reports and necessary data with tax consultants and auditors as necessary

42. Periodic follow up with various departments like Purchase, Contracting and Sales for actions on the reports generated

43. Team Building and Development

44. Helping the team with latest changes in our field and coordinating changes in the SOP, if necessary

45. Continuously share knowledge about best practices, use of computer proficiency for efficient day to day activitiesKey Deliverables / Performance Measures

46. Timely and accurately account closure and transaction posting

47. Ensuring minimal disputes with customers & ability to close wherever such disputes arise
48. Minimal errors in statutory compliance to avoid litigations and penal costs
49. Minimal vendor disputes on account of variance in vendor bills, advances, vendor tax compliance
50. Accurate & timely data to financial and other audits as per Ind AS / Accounting Standards
51. Number of suggestions which are taken up for implementation wrt to new SOPs and methods for efficient transaction processing, tax compliance and book closure
52. Nil loss on delay in compliance and reply to consultants, tax authorities requirements

Key Challenges

1. Collection and completion of data for timely statutory compliance
2. Coordination and knowledge sharing with all the team members for up to date tax compliance and error free transaction processing

Ideal Candidate For The Role

Knowledge

1. Construction Industry specific accounting and tax understanding
2. Ind AS / Accounting Standards understanding
3. Financial statements understanding
4. ERP Knowledge (functional process)
5. Computer Operating Knowledge (MS Excel proficiency)
6. Basic understanding of Contracts Clauses
7. Basic knowledge of Bank related terminology

Skill

Application of tax and accounting knowledge

1. Cost and variance Analysis
2. Notice reply Drafting
3. Time management
4. Efficient coordination
5. Written Communication (Correspondence)
6. Analytical Thinking
7. Cusomter related

Interested candidate reply with your updated resume.

Regards

Chandan