Accountant

Position-Accountant

Required Experience-5 to 7 Years

Location-Bangalore

Qualification-M. Com/MBA/B. Com

An accountant in infrastructure projects manages the financial aspects of specific projects, ensuring accurate tracking of costs, budgets, and financial reporting. They collaborate with project managers and other stakeholders to ensure projects stay within budget, optimize resource allocation, and comply with accounting standards. This role involves tasks like budgeting, forecasting, financial analysis, and preparing reports, and requires a strong understanding of both project management and accounting principles. 

Key Responsibilities:

• Budget Management:

Developing and monitoring project budgets, tracking expenses, and ensuring adherence to financial plans. 

• Financial Reporting:

Preparing accurate and timely financial reports, including project cost reports, variance analysis, and cash flow statements. 

• Cost Control:

Analyzing project costs, identifying potential cost overruns, and recommending cost-saving measures. 

• Invoicing and Payments:

Processing invoices, managing vendor payments, and ensuring timely payments for subcontractors and suppliers. 

• Compliance:

Ensuring compliance with relevant accounting standards, regulations, and internal policies. 

• Collaboration:

Working closely with project managers, engineers, and other stakeholders to provide financial guidance and support project execution. 

• Risk Management:

Identifying and assessing financial risks associated with projects and developing mitigation strategies. 

• Financial Analysis:

Analyzing project financial data to identify trends, evaluate performance, and provide recommendations for improvement. 

• Contract Management:

Monitoring project contracts and changing orders, ensuring accurate accounting and compliance. 

• Cash Flow Management:

Forecasting and managing project cash flow to ensure adequate funding for project activities.

• Auditing:

Assisting with internal and external audits of project financials. 

• Process Improvement:

Identifying and implementing improvements to financial processes and systems. 

• Mentoring:

Guiding and mentoring junior accounting staff. 

Skills Required:

• Financial Accounting:

   Strong understanding of accounting principles, practices, and regulations. 

• Project Management:

   Knowledge of project management methodologies and terminology. 

• Financial Analysis:

   Ability to analyze financial data, identify trends, and provide insights. 

• Communication:

   Excellent written and verbal communication skills to effectively communicate financial information to various stakeholders. 

• Problem-Solving:

   Ability to identify and resolve financial issues and challenges. 

• Attention to Detail:

   Meticulous attention to detail to ensure accuracy in financial records and reporting. 

• Organization:

   Strong organizational and time management skills to manage multiple projects and deadlines. 

• Software Proficiency:

   Proficiency in accounting software like Tally, Busy etc. spreadsheets (like Excel), and other relevant tools. 

• Leadership:

   Ability to lead and mentor junior staff.