Accounts Manager

Lansum Properties; Visakhapatnam District; On-site; INR 1,800,000 - 2,600,000; Full time

Job summary

Lansum Properties is seeking an experienced Project Manager (Accounts and Finance) to govern core financial operations for construction projects in India. You will manage general accounting workflows, ensure RERA and GST compliance, and oversee end-to-end subcontractor finances from booking to final settlement under VP of Finance guidance.

The ideal candidate has 10 years of accounting experience with MBA or equivalent, strong ERP and MS Excel skills, and a deep understanding of works contracts

Qualifications

• Managing chart of accounts for projects including capital expenditure, assets, liabilities and revenues.
• Monthly/quarterly closures with bank and ledger reconciliations.
• Oversee depreciation, fixed assets, inventory valuation and material capitalisation.

Responsibilities

• General Accounting & Financial Governance: manage chart of accounts and ledger entries for capex, assets, liabilities, and revenues.
• Balance sheet, bank and ledger reconciliations during monthly/quarterly closures to ensure zero discrepancies.
• Supervise day-to-day accounting journals, petty cash, and fund allocations across project accounts.
• Oversee depreciation accounting, fixed asset registers, inventory valuations, and material capitalisation tracking.
• Construction Financials & Subcontractor Management: validate subcontractor claims, RA bills and settlements against work progress verifications.
• Perform WIP ledger reviews, tracking project costs across structure, finishing and MEP works against budgets.
• Monitor client retention funds, holdbacks, and mobilization advances to prevent financial exposure.
• Develop detailed monthly cash flow projections, coordinating funds with corporate office to match site execution cycles.
• Ensure GST, ITC optimization, TDS/TCS compliance and RERA guidelines; coordinate with auditors and regulators for timely assessments.

Skills

General accounting

Financial governance

Balance sheet reconciliations

Ledger reconciliations

Depreciation accounting

Fixed assets

Inventory valuation

Capitalisation tracking

WIP reviews

Subcontractor management

Cash flow projections

Budget tracking

RERA & GST knowledge

MS Excel

Education

M.Com

MBA in Finance

Inter-CA

Inter-ICWA

Tools

ERP systems

MS Excel

Job description

Role & responsibilities

Key Roles & Responsibilities

1. General Accounting & Financial Governance

• Manage the complete chart of accounts for assigned projects, ensuring accurate and structured ledger entries for all capital expenditure, operational assets, liabilities, and revenues.
• Perform comprehensive balance sheet, bank, and ledger reconciliations during monthly and quarterly book closures to guarantee zero discrepancies.
• Supervise day-to-day corporate financial transactions, accounting journals, petty cash systems, and fund allocation processes across project accounts.
• Oversee accurate depreciation accounting, fixed asset registers, inventory valuations, and material capitalisation tracking for construction machinery and materials.

2. Construction Financials & Subcontractor Management

• Validate and clear sub-contractor progress claims, Running Account (RA) bills, and final settlements against physical work completion verifications and contract parameters.
• Execute rigorous Work-In-Progress (WIP) ledger reviews, tracking project cost codes across structural, finishing, and MEP works against approved budgets.
• Monitor and control client retention funds, structu
• ral holdbacks, performance security reserves, and mobilization advances to prevent financial exposure.
• Develop detailed Monthly Cash Flow projections, coordinating fund requirements with the corporate office to match dynamic on-site execution cycles.

3. Taxation, RERA & Statutory Compliances

• Enforce accurate calculation, filing, and compliance for Works Contract GST, Input Tax Credit (ITC) optimization, and structural TDS/TCS obligations.
• Maintain strict adherence to RERA guidelines, regulating the mandatory 70% project escrow bank accounts and handling precise project fund utilization tracking.
• Coordinate with statutory auditors, tax consultants, and external regulatory bodies to provide clean documentation for timely assessments, audits, and compliance audits.

Preferred candidate profile

The Project Manager (Accounts and Finance) will anchor the core financial operations, strict general accounting, and regulatory compliances for dedicated construction projects. This role sits at the intersection of general corporate accounting and real estate cost optimization. The ideal candidate will supervise financial transactions, enforce day-to-day general accounting workflows, ensure RERA and statutory alignment, and manage end-to-end subcontractor financials from booking to final settlement under the guidance of the VP of Finance.

• Experience: 10 years of intensive accounting or financial experience for MBA or 4 to 5 Years for Inter-CA, Inter-ICWA, or equivalent advanced financial validation.
• Education: Masters degree in Commerce (M.Com), MBA in Finance, Inter-CA, Inter-ICWA, or equivalent advanced financial validation.
• Technical Toolkit: Advanced mastery of enterprise ERP systems, alongside professional proficiency in MS Excel for complex spreadsheet modelling.
• Regulatory Domain: Solid working knowledge of accounting updates (AS), RERA frameworks if possible, and GST statutes specific to works contracts.