Assistant Account Manager

Lansum Properties LLP; Hyderabad; On-site; INR 1,800,000 - 2,800,000; Full time

Job summary

Lansum Properties LLP is seeking an experienced Project Accountant (Accounts & Finance) to manage end-to-end financial operations for construction projects in Hyderabad. The role focuses on strict general accounting, asset management, and regulatory compliance to support on-site execution and funding alignment.

The ideal candidate will oversee subcontractor billing, WIP reviews, and cash flow forecasting while ensuring GST, TDS/TCS, and RERA compliance.

Qualifications

• 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.
• Masters degree in Commerce (M.Com), MBA in Finance, Inter-CA, Inter-ICWA, or equivalent advanced financial validation.
• Advanced mastery of enterprise ERP systems and professional proficiency in MS Excel for complex spreadsheet modelling.
• Solid working knowledge of accounting updates (AS), GST statutes, and regulatory frameworks applicable to construction works contracts.

Responsibilities

• Manage the chart of accounts for projects, ensuring accurate ledger entries for capex, assets, liabilities and revenues.
• Perform monthly/quarterly reconciliations to guarantee zero discrepancies.
• Supervise day-to-day accounting journals, petty cash, and fund allocation across project accounts.
• Oversee depreciation, fixed assets registers, inventory valuations and capitalization tracking for construction machinery and materials.
• Validate and clear subcontractor progress claims, RA bills, and final settlements.
• Conduct WIP ledger reviews and cost coding across structural, finishing, and MEP works.
• Monitor retention funds, holdbacks, security reserves and mobilization advances.
• Develop monthly cash flow projections aligning with on-site execution cycles.
• Coordinate with statutory auditors and regulators to provide clean documentation for audits.

Skills

ERP systems

MS Excel

Financial modelling

Education

MBA in Finance

M.Com

Inter-CA / Inter-ICWA

Tools

MS Excel

Job description

Role & 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, structural 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.

Role Qualifications & Frameworks

• 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.

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.

• Prior exposure managing large-scale luxury residential high-rise project accounts within the Hyderabad market.