Senior Account Manager

Job Summary

The Senior Account Executive is responsible for managing the full accounting lifecycle of construction projects, including budgeting, cost tracking, vendor payments, client billing, and financial reporting. This role ensures accurate financial records, statutory compliance, and effective coordination between site teams, procurement, vendors, and management. The individual must have strong knowledge of construction accounting practices, project costing, taxation (GST, TDS), and financial documentation.

Roles and Responsibilities1. Financial Accounting & Reporting

• Consolidation of Balance Sheets of all subsidiary companies and the main Group Company on a quarterly basis.
• Preparing outstanding liabilities and monthly fund requirement statements.
• Preparing vendor ageing reports and provisional entries on a quarterly basis.
• Managing Accounts Receivables and Accounts Payables.
• Monitoring project accounting and day-to-day fund positions.
• Checking, verifying, and processing invoices of suppliers, contractors, and admin bills as per the terms & conditions of Work Orders (WO) and Purchase Orders (PO), and ensuring timely payments.
• Maintaining day-to-day basic accounts:
• Booking of purchases
• Scrutiny of creditor ledgers
• Mobilization advances
• Adhoc payments to contractors
• Advances to suppliers
• Tracking prepaid expenses
• Issuing debit/credit notes
• Periodical closing activities, provision booking, and accounting
• Preparing project MIS with categorized cost breakup and comparing estimated/budgeted costs with actuals.
• Tracking budgets, preparing collection reports, and preparing Debtors MIS on weekly and monthly basis.

2. Audit

• Periodic review of books of accounts and verification of vouchers with proper supporting evidence.
• Checking statutory compliance and preparing audit schedules.
• Coordinating with statutory auditors and service tax auditors, and resolving their queries.
• Tracking subcontractor payments, labor costs, material purchases, and hiring charges.

3. Taxation & Compliance

• Filing GST returns, TDS deductions, and ensuring compliance with Income Tax Act, Companies Act, and applicable labor laws.
• Coordinating with auditors (statutory/internal) and preparing documents for tax assessments.
• Staying updated with changes in tax laws, accounting standards, and government regulations related to construction.

4. Documentation & Coordination

• Coordinating with banks for LC, overdraft (OD), and other banking documentation.
• Preparing & managing cash budgeting, ensuring sufficient liquidity for project and organizational needs.
• Maintaining proper documentation for payments, contracts, invoices, statutory filings, and financial approvals.
• Coordinating with site teams, procurement, and management for smooth financial operations.

Job Type: Full-time

Pay: ₹45,000.00 - ₹60,000.00 per month

Education:

• Master's (Required)

Experience:

• Accounting: 10 years (Required)
• Account Manager: 10 years (Required)

Work Location: In person