Project Accountant

Job Description

1. Financial Planning and Budgeting: - Assist in developing project budgets and financial plans. - Establish and maintain project cost accounts, tracking expenses, and ensuring accurate financial reporting. - Preparation of Fund budget for project based on AOP. With Recommendation of Project Manager. - Maintaining books of Accounts at project level Cash / Bank Payment voucher booking, Booking of Sub contractors and suppliers bills and all other expenses with due verification. - Reconciliation of Bank Account / Project Imprest account / Vendors account / Debtors Account. - Verification of All expenses for authenticity / matching with approved Annual Operating Plan or Monthly / yearly Budgets. - To ensure to provide details Concerned at HO to file monthly / periodically returns for GST and other Tax Authorities. - Physical verification of Closing Stocks at all stores location on every alternate month and on each quarter. - Physical verification of Assets and tools on every alternate month and on each quarter. - To support Internal / Statutory Auditors during site Audits and to help Project Manager for compliances of Audit Queries. 2. Financial Reporting and Analysis: - Prepare regular project financial reports, including income statements, balance sheets, and cash flow statements. - Analyze project financial performance, identifying variances and recommending corrective actions. - Preparation of Monthly / Quarterly /Yearly MIS reports and timely submission to the concerned Authorities at Head Office for review. To help Project Manager for compliance of Queries raised. - Analysis of Budget cost V/s Actual Cost on Fortnightly / Monthly basis 3. Cost Management: - Track and control project expenses, ensuring compliance with budget and company policies. - Process project-related invoices, payments, and journal entries. 4. Project Billing and Revenue Recognition: - Prepare project invoices and ensure timely billing. - Manage revenue recognition, ensuring compliance with accounting standards and company policies. 5. Compliance and Risk Management: - Ensure project financial transactions comply with company policies, accounting standards, and regulatory requirements. - Identify and mitigate financial risks associated with projects. 6. Collaboration and Communication: - Work closely with project managers, team members, and stakeholders to ensure financial alignment and project success. - Communicate project financial performance and issues to management and stakeholders. Candidate Requirements : - Bachelor's / Masters degree in Accounting, Finance, or related field. - Professional certification (Inter CA, Inter ICWA, or equivalent) preferred. - 2+ years of experience in project accounting or a related field. - Strong understanding of accounting principles, budgeting, and financial analysis. - Excellent analytical, communication, and organizational skills. - knowledge of Finalization of Books of Accounts. - hands on experience of Accounting in ERP / GST and good knowledge of MS Office.