Senior Accountant

Designation:

Industry-

Experience:

Qualifications:

Location:

Salary:

Responsible for managing all financial operations, maintaining accurate project-wise accounts, handling vendor payments, monitoring cost control, and ensuring compliance with statutory requirements. This role requires strong technical accounting skills, knowledge of construction industry processes, and the ability to work with site teams and management.

Key Responsibilities

1. Financial Accounting & Bookkeeping

• Maintain day-to-day accounting in accounting software (Tally ERP, SAP, QuickBooks, or industry-specific systems).
• Record all financial transactions: purchase entries, sales entries, journal entries, and bank entries.
• Ensure correct posting under project codes, job costing, and WBS (Work Breakdown Structure).
• Reconcile all ledgers including vendor, client, petty cash, and site advances.

2. Project Costing & Budget Control

• Prepare project-wise cost sheets and track expenditures against budgets.
• Monitor material consumption with site engineers and cross-verify material receipt notes (MRNs).
• Evaluate contractor running bills, labour attendance sheets, and measurement sheets.
• Track BOQ vs. actual cost variance and alert management on deviations.

3. Billing & Receivables

• Prepare client invoices as per project progress (RA bills, milestone bills).
• Verify measurements from engineers before billing.
• Follow up on payments and maintain an aging analysis report.
• Ensure timely certification of bills by project managers/architects.

4. Vendor Management & Payables

• Verify vendor bills with purchase orders, delivery challans, and GRNs.
• Process vendor payments based on due dates, retention clauses, and contract terms.
• Maintain vendor reconciliation monthly.

5. Banking & Treasury

• Handle banking operations: cheque deposits, fund transfers, LC facilities, BGs, overdrafts.
• Prepare bank reconciliation statements (BRS) weekly and monthly.
• Manage cash flow planning and ensure sufficient funds for project operations.

6. Statutory Compliance

• Ensure compliance with GST, TDS, PF/ESI (if applicable), Professional Tax and other statutory requirements.
• Prepare monthly GST filings (GSTR-1, GSTR-3B) and TDS returns.
• Maintain records for audits and coordinate with external auditors.

7. MIS Reporting

• Prepare weekly/monthly MIS reports:
• Cash flow statements
• Project cost comparison
• Outstanding receivables/payables
• Budget vs. actuals
• Profitability analysis
• Submit financial summaries for management review.

8. Coordination with Internal Teams

• Work closely with:
• Site engineers (material reports, measurements)
• Purchase department (POs, vendor negotiations)
• Management (financial planning)
• Contractors and vendors (bill clarifications)

Technical Requirements / Skills

Accounting & Software Skills

• Strong knowledge of ERP like

  Tally ERP / Tally Prime

  or other customised ERP
• Experience with

  MS Excel (advanced)

  : VLOOKUP, Pivot Tables, MIS dashboards.
• Familiarity with

  construction ERP

  or software like:
• BuilderMAX
• Highrise ERP
• SAP (FI/CO)
• QuickBooks
• Zoho Books

Construction-Specific Knowledge

• Understanding of:
• BOQ (Bill of Quantities)
• RA Bills (Running Account Bills)
• Joint Measurements / Measurement Sheets
• Contractor billing procedures
• Material reconciliation
• Retention money, mobilization advance, security deposits

Compliance Knowledge

• GST filing and reconciliation
• TDS deductions and returns
• Labour compliance understanding (if part of the role)
• Knowledge of accounting standards and audit requirements