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Accounts : Real Estate

2 weeks ago

Nashik, Maharashtra, India Aavesh Enterprises Full time

Job Purpose:

To manage and oversee accounting, financial reporting, and compliance activities for real estate projects, ensuring accuracy, transparency, and adherence to statutory and organizational standards. The role involves handling project-related accounts, vendor payments, client billing, and supporting audits and taxation for real estate operations.

Key Responsibilities:

1. Accounting & Bookkeeping

  • Maintain accurate books of accounts (project-wise) in compliance with accounting standards.
  • Record all day-to-day financial transactions including receipts, payments, sales, and purchases.
  • Manage general ledger entries, journal vouchers, and reconciliations.
  • Prepare and verify bills, vouchers, and supporting documents related to real estate projects.

2. Project & Cost Accounting

  • Track project-related expenditures and budgets for multiple sites.
  • Prepare project cost reports and monitor deviations between budgeted and actual expenses.
  • Coordinate with project engineers and procurement for material and contractor billing verification.
  • Maintain records of advances to contractors, suppliers, and customers.

3. Receivables & Payables Management

  • Handle customer billing, installment tracking, and follow-up for outstanding payments.
  • Process vendor invoices, verify contracts and work orders, and ensure timely payments.
  • Maintain ageing reports for debtors and creditors and follow up accordingly.

4. Financial Reporting

  • Prepare monthly, quarterly, and annual financial statements and MIS reports.
  • Support management with cash flow projections, fund utilization, and profitability analysis.
  • Ensure project-wise P&L and balance sheet reporting.

5. Taxation & Compliance

  • Ensure compliance with GST, TDS, RERA, and other applicable laws.
  • Prepare and file GST returns, TDS returns, and other statutory submissions.
  • Support internal, statutory, and tax audits by providing required data and reconciliations.
  • Liaise with consultants, auditors, and government authorities for compliance matters.

6. Banking & Treasury

  • Handle daily banking activities, fund transfers, and bank reconciliations.
  • Coordinate with banks for project finance, loans, and documentation.
  • Monitor fund inflows and outflows to maintain adequate working capital.

Skills & Competencies:

  • Strong knowledge of real estate accounting practices and project cost tracking
  • Proficiency in Tally ERP / SAP / Oracle or other accounting software
  • Sound understanding of GST, TDS, and RERA compliance
  • Analytical and detail-oriented approach
  • Good communication and coordination skills with cross-functional teams

Qualifications & Experience:

  • Education: B.Com / M.Com / MBA (Finance) / Chartered Accountant (Inter/Final)
  • Experience: 3-7 years in real estate, construction, or infrastructure accounting
  • Preferred Exposure: Project accounting, contractor billing, and compliance handling

Job Types: Full-time, Permanent

Pay: ₹20, ₹30,000.00 per month

Benefits:

  • Provident Fund

Work Location: In person