Accountant

Job Summary:

We are seeking a diligent and experienced Accountant to join our finance team. This role is crucial for maintaining accurate financial records, ensuring compliance with accounting standards and tax regulations specific to the Indian real estate sector, and supporting the overall financial health of the company. The ideal candidate will possess strong analytical skills, meticulous attention to detail, and a solid background in core accounting functions.

Key Responsibilities:

Bookkeeping & General Ledger Management:

Maintain accurate and up-to-date financial records, including ledgers, journals, and trial balances, using accounting software.

Record all financial transactions, including revenue, expenses, assets, and liabilities.

Prepare and process journal entries, ensuring proper classification and allocation.

Conduct bank reconciliations regularly to ensure accuracy.

Accounts Payable & Receivable:

Process invoices, verify expenses, and ensure timely payments to vendors.

Manage accounts receivable, including invoicing clients, tracking payments, and following up on overdue accounts.

Tax Compliance (India Specific):

Calculate, deduct, and deposit TDS (Tax Deducted at Source) on various payments, especially rent, professional fees, and contractual payments, as per Income Tax Act provisions (e.g., Section 194I for rent).

Assist in the calculation and filing of GST (Goods and Services Tax) returns for real estate services, understanding the applicability to under-construction properties, works contracts, and other services.

Support in the preparation of income tax computations and filing.

Stay updated with changes in Indian tax laws relevant to the real estate sector.

Record Keeping & Documentation:

Organize and maintain comprehensive financial records, both physical and digital, in an easily accessible and auditable manner.

Ensure all financial transactions are supported by proper documentation and approvals.

Financial Reporting & Analysis:

Assist in the preparation of financial statements, including profit & loss statements, balance sheets, and cash flow statements, adhering to Indian Accounting Standards (Ind AS), particularly those relevant to real estate (e.g., Ind AS 115 on Revenue from Contracts with Customers, and relevant Guidance Notes by ICAI).

Generate various financial reports for management review.

Assist in budget preparation and variance analysis.

Audit Support:

Prepare schedules and provide necessary documentation for internal and external audits.

Address auditor queries and assist in resolving discrepancies.

Qualifications:

5-7 years of dedicated experience in an Accounting role, with significant exposure to bookkeeping and financial record keeping.

Prior experience in the real estate industry in India is highly preferred, demonstrating an understanding of sector-specific accounting nuances.

Strong knowledge of TDS, GST, and Indian Accounting Standards (Ind AS) relevant to real estate.

Proficiency in accounting software (e.g., Tally, Zoho Books, QuickBooks, or similar ERP systems).

Excellent command of Microsoft Excel for data analysis and reporting.

Meticulous attention to detail and a high degree of accuracy in financial data.

Strong analytical and problem-solving skills.

Ability to manage multiple tasks, meet deadlines, and work effectively under pressure.

Bachelor's degree in Commerce, Accounting, Finance, or a related field. Professional certifications (e.g., CA Inter, CMA Inter) are a plus.

Good communication and interpersonal skills.

Female candidate preferred.

10 km in & around R.A Puram preferred.