Assistant Accountant

Description:

The Assistant Accountant will play a critical hands-on role in maintaining the company’s financial backbone. The ideal candidate will take full operational ownership of day-to-day bookkeeping, voucher generation, general and subsidiary ledger maintenance, vendor and subcontractor ledger reconciliation, and strict monthly/periodic bank reconciliations.

Working directly under senior finance executives, the Assistant Accountant must demonstrate absolute precision in double-entry accounting, rigorous verification of site expenses, and the ability to produce timely, audit-ready financial records.

Key Responsibilities & Duties1. Bookkeeping & Voucher Management

• Prepare, verify, and record all accounting vouchers—including Payment Vouchers (CPV/BPV), Receipt Vouchers (CRV/BRV), and Journal Vouchers (JV)—with complete supporting documentation (bills, delivery challans, site engineer sign-offs, and approvals).
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• Maintain strict numerical control and systematic physical/digital archiving of all accounting vouchers and tax invoices.
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• Ensure all entries adhere strictly to double-entry bookkeeping standards and company accounting policies.

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• 2. General & Subsidiary Ledger Maintenance
  • Maintain up-to-date, accurate general ledgers, accounts payable (AP), and accounts receivable (AR).
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  • Perform continuous reviews of ledger balances to identify, investigate, and rectify discrepancies or unallocated transactions.
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  • Ensure clear expense tagging against designated residential projects and cost centers.
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• 3. Vendor & Subcontractor Account Management
  • Maintain and monitor individual accounts for construction material vendors, specialized finishing suppliers, contractors, and labor teams.
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  • Process vendor invoices against Purchase Orders (POs) and Site Goods Received Notes (GRNs) / verification sheets.
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  • Conduct regular, proactive ledger reconciliations with vendors and subcontractors to confirm outstanding balances, retention monies, and payment schedules.
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• 4. Bank & Balance Sheet Reconciliations
  • Execute regular bank reconciliations (daily/weekly/monthly) across all corporate and project bank accounts against company cash books.
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  • Monitor petty cash funds, advance accounts, and site imprest registers, ensuring timely reconciliation and replenishment vouchers.
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  • Assist in periodic account closing activities, year-end audits, and the preparation of ledger aging schedules.
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• 5. Financial Reporting Support
  • Generate accurate ledger summaries, trial balances, and expense reports for senior finance managers.
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  • Assist senior management in cash flow tracking, invoice generation, and cost tracking for ongoing villa projects.
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• Required Qualifications & Experience
  • Education: Bachelor’s degree in Accounting, Finance, Commerce (B.Com/BBA/BS Accounting & Finance), or partly qualified CA/ACCA/CMA.
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  • Experience: 1–3 years of proven experience in day-to-day bookkeeping, voucher preparation, ledger maintenance, and bank reconciliations. Experience in real estate, construction, or civil contracting is highly advantageous.
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  • Software Proficiency:
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  • Advanced command of MS Excel (VLOOKUP, SUMIFS, Pivot Tables, Reconciliation formatting).
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  • Hands-on proficiency with accounting ERP systems or software (QuickBooks, Peachtree, or specialized ERP systems).
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  • Technical Mastery: Deep understanding of double-entry bookkeeping, withholding tax deductions, and standard reconciliation techniques.