Junior Legal Associate \u2013 Real Estate

Adissia Developers

5 - 8 years

7 - 10 Lacs

coimbatore

Posted:3 days ago| Platform:

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Skills Required

tds sap income tax direct tax financial analysis reconciliation financial planning project accounting cash flow taxation

Work Mode

Work from Office

Job Type

Full Time

Job Description

Job_Description":" I. Accounting & Financial Operations Management
1. End\-t-End Accounting Ownership

Take complete ownership of the organization\accounting function, ensuring that all financial transactions are accurately recorded, verified, and maintained in compliance with accounting standards and internal financial policies.

Supervise Accounts Payable, Accounts Receivable, General Ledger management, bank accounting, and day\-t-day financial operations across the head office and all project locations.

Personally review critical accounting entries, high\-value transactions, provisions, adjustments, and corrections to ensure correctness before finalization and reporting.

Ensure strong accounting discipline through effective use of ERP systems such as Tally ERP, Zoho Books, SAP, or Oracle, maintaining real\-time, reliable, and audit\-ready financial data.
2. Project Accounting \Real Estate Focus

Lead and oversee project\-wise accounting for all real estate developments, ensuring accurate tracking of financial performance at each project level.

Prepare and review detailed project cost sheets, budgeted versus actual expenditure reports, cost\-t-complete statements, and appropriate allocation of overhead and common costs.

Ensure correct revenue recognition using the Percentage of Completion (POC) Method in strict compliance with Ind AS 115 and RERA regulations applicable to real estate projects.

Monitor and control construction costs, contractor and vendor payments, material procurement, MEP expenses, marketing and branding spends, administrative overheads, and site\-level operational costs in line with approved BOQs and management approvals.
3. Month\-End, Quarter\-End & Year\-End Closures

Independently led monthly, quarterly, and annual financial closure activities across the organization.

Review and finalize journal entries, accruals, provisions, depreciation, re classifications, and inter\-company reconciliations to ensure completeness and accuracy.

Prepare and validate Trial Balance, General Ledger, and all supporting schedules in an audit\-ready manner.

Ensure timely financial closure in line with statutory requirements and internal management reporting timelines, coordinating effectively with auditors and internal teams.
II. Statutory Compliance, Taxation & Regulatory Management
1. GST & Indirect Tax Compliance

Take complete responsibility for GST compliance across all real estate projects and business entities of the organization.

Review and finalize monthly GSTR\-1 and GSTR\-3B returns and ensure accurate ITC reconciliation with GSTR\-2A and GSTR\-2B.

Oversee filing of annual GST returns including GSTR\-9 and GSTR\-9C, ensuring proper documentation and reconciliation.

Ensure correct GST classification, HSN\/SAC mapping, and applicability for construction services, works contracts, land\-related transactions, and marketing services.

Oversee accounting and compliance under Reverse Charge Mechanism (RCM) for works contracts, GTA, security services, and similar transactions.

Handle GST audits, notices, departmental communications, and ensure timely resolution of all GST\-related issues.
2. Direct Tax, TDS & Statutory Filings

Oversee end\-t-end TDS compliance including computation, deduction, challan payment, and quarterly return filings for contractors, professionals, rent, commissions, and salaries.

Review and ensure timely filing of Form 24Q and Form 26Q and issuance of Form 16 and Form 16A to employees and vendors.

Coordinate income tax compliance activities including advance tax planning, assessments, scrutiny cases, and interaction with tax consultants.

Ensure compliance with Professional Tax, PF, ESI (in coordination with HR), labour\-related statutory requirements, and ROC filings wherever applicable.

Maintain up\-t-date statutory records and ensure zero exposure to penalties or non\-compliance risks.
3. Audit Leadership & Regulatory Coordination

Act as the single point of ownership for statutory audits, internal audits, GST audits, tax audits, and cost audits wherever applicable.

Review audit schedules, explanations, reconciliations, and closure reports in coordination with auditors and consultants.

Ensure timely closure of audit observations and implementation of corrective and preventive actions.
III. Budgeting, Financial Planning & Strategic Cost Control

Lead preparation of annual budgets, quarterly forecasts, and cash requirement plans in alignment with organizational growth and project timelines.

Review budget versus actual performance on a regular basis and analyze deviations to provide meaningful insights to management.

Closely monitor land acquisition costs, construction and development expenses, marketing and branding spends, pre\-operative expenses, and administrative overheads.

Provide management with cost\-benefit analysis, profitability evaluation, pricing support, and financial risk mitigation inputs for real estate projects.
IV. Cash Flow, Banking, Treasury & Fund Management

Oversee preparation and review of daily, weekly, and monthly cash flow statements to ensure sufficient liquidity for smooth business operations.

Monitor fund inflows from customer collections and fund outflows towards vendor payments, contractor bills, statutory dues, and operational expenses.

Manage all banking operations including vendor payments, customer receipts, bank reconciliations, insurance payments, and compliance\-related banking documentation.

Coordinate with banks and financial institutions for project loans, term loans, CC\/OD facilities, interest servicing, renewals, audits, and inspections.
V. MIS Reporting & Financial Analysis

Ensure preparation and review of comprehensive MIS reports including Profit & Loss statements, Balance Sheets, Cash Flow statements, and project\-wise performance summaries.

Analyze financial data to identify cost overruns, revenue leakages, expense optimization opportunities, and deviations in project performance.

Present clear, structured, and actionable financial insights to the Managing Director and senior management to support strategic and operational decision\-making.
VI. Vendor, Contractor & Customer Financial Oversight

Oversee vendor and contractor ledger management by ensuring invoices are validated against agreements, BOQs, and milestone certifications before payment processing.

Monitor ageing reports, resolve long\-pending balances, and maintain strong financial discipline in vendor and contractor settlements.

Work closely with Sales and CRM teams to ensure accurate customer payment reconciliation, outstanding tracking, post\-dated cheque management, and receipt accuracy.

Support resolution of customer\-related financial queries and discrepancies.
VII. Internal Controls, SOPs & Team Leadership

Design, implement, and strengthen internal control frameworks to ensure accuracy, compliance, and fraud prevention across finance operations.

Establish maker\-checker systems, approval workflows, and internal verification mechanisms for accounting and payment processes.

Develop, document, and continuously improve SOPs for accounting, payments, statutory compliance, MIS reporting, and audit processes.

Lead, mentor, and develop the Finance & Accounts team, ensuring capability building, accountability, and adherence to best practices.

Requirements QUALIFICATIONS & EXPERIENCE

CA \/ CMA \/ ICMA (Qualified or Final Level preferred) with strong academic grounding in finance and accounting.

Minimum 12\18 years of overall experience in Accounts and Finance, with at least 6\8 years in a senior managerial role.

Mandatory experience in the Real Estate or Construction industry, including exposure to project accounting, RERA compliance, and POC\-based revenue recognition.

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