Accountant

Job Summary:

Key Responsibilities:

• Billing & Invoicing:

• Prepare and process client invoices, including

  Running Account (RA) bills

  , final bills, and project-wise billing documentation.
• Verify supporting documents such as measurement sheets, Work Orders (WOs)/Purchase Orders (POs), Bill of Quantities (BOQs), and rate analysis, ensuring correctness and compliance with contract terms.
• Coordinate with project site teams to obtain necessary billing inputs and certifications.
• Manage export documentation and prepare various types of invoices (e.g., GST bills, Erection and Commissioning RA Bills) as per statutory requirements.

• Receivables Management & Collections:

• Track project-wise outstanding payments, perform aging analysis, and follow up with clients for timely payment release and documentation closure.
• Reconcile customer accounts with ledgers and statements to resolve discrepancies or issues related to receivable transactions.
• Manage retention money, security deposits, and bank guarantee (BG) recoveries.
• Implement collection strategies to maintain Days Sales Outstanding (DSO) targets and minimize bad debt exposure.

• Accounting & Compliance:

• Maintain accurate records of all billing and sales transactions using Tally ERP, SAP, or other accounting software.
• Ensure proper entries regarding GST output credit on customer billing and assist with monthly/annual GST and TDS return filings.
• Support internal and external audits by providing necessary AR schedules and documentation.

• Reporting & Coordination:

• Prepare AR reports, cash flow projections, and receivable dashboards for management review.
• Collaborate cross-functionally with Project Managers, SCM (Supply Chain Management), and client finance teams to streamline processes and resolve issues.

Qualifications & Skills:

• Education:

  A Bachelor's degree in Accounting, Finance, or a related field is typically required.

• Experience:

  4-5 Years Experience in Accounting & Finance field or experience in an EPC (Engineering, Procurement, and Construction), contracting, or construction industry environment is often specified, with strong exposure to project accounting and RA bills.

• Technical Skills:

• Proficiency in accounting software like Tally ERP, SAP, or other construction ERP systems.
• Strong knowledge of MS Excel (pivot tables, VLOOKUPs, reports).
• Solid understanding of accounting principles (GAAP) and taxation laws (GST, TDS).

• Soft Skills:

• Excellent attention to detail and a high level of accuracy.
• Strong analytical and problem-solving abilities.
• Effective communication and negotiation skills for client interactions and payment follow-ups.
• Strong organizational and time management skills, with the ability to meet deadlines in a fast-paced environment.

Interested candidate can contact - 9004889813 or hr@magnovaengineers.com