About the role
- Record and maintain accurate financial transactions related to real estate projects, such as property sales, leases, rentals, and construction costs.
- Manage accounts payable and receivable, including vendor payments and client invoicing.
- Reconcile bank statements, ledger accounts, and project finances regularly.
- Prepare cash flow statements to monitor incoming and outgoing project funds.
- Assist in preparing and managing budgets for real estate projects.
- Monitor and track expenses against project budgets to ensure cost control.
- Analyze variances in budgets and propose corrective measures.
- Ensure compliance with local tax laws, including GST, TDS, and RERA requirements (if applicable).
- Prepare and file tax returns and statutory compliance reports on time.
- Assist in audits, both internal and external, and ensure proper documentation for financial records.
- Prepare monthly, quarterly, and annual financial statements, including balance sheets, income statements, and profit-and-loss reports.
- Generate project-specific financial reports to track profitability and cost efficiency.
- Support management in decision-making by providing financial analysis and projections.
- Maintain records of property inventories, sales agreements, lease contracts, and other documentation.
- Track and report revenue from property sales, rentals, and brokerage commissions.
- Handle financial aspects of property acquisitions, including due diligence and transaction costs.
- Use real estate accounting software (e.g., QuickBooks, Yardi, Buildium, or Tally) to manage finances.
- Implement digital tools and spreadsheets for efficient financial tracking and reporting.
- Coordinate with vendors, contractors, and clients for payment schedules and financial reconciliations.
- Address financial queries and resolve discrepancies promptly.
- Bachelor’s degree in Accounting, Finance, or a related field.
- Chartered Accountant (CA), Certified Public Accountant (CPA), or equivalent certification is a plus.