Assistant Manager

Lansum Properties; Visakhapatnam; On-site; INR 900,000 - 1,700,000; Full time

Job summary

Lansum Properties is seeking an experienced finance professional to oversee general accounting, WIP review, and compliance for luxury residential/mega projects in Visakhapatnam. You will manage sub-contractor bills, cash flows, and asset accounting.

The role requires strong knowledge of GST, ITC, TDS/TCS, and RERA-related escrow controls with coordination with auditors and regulators.

Qualifications

• Experience in large-scale construction project accounting.
• Knowledge of GST, ITC, and TDS/TCS.
• Experience with RERA compliance and escrow controls.
• Experience with WIP, depreciation, and fixed assets.

Responsibilities

• Manage complete accounting and financial governance for assigned projects, ensuring accurate ledgers and close processes.
• Perform reconciliations for balance sheet, banks, and ledgers during monthly/quarterly closures.
• Oversee depreciation, fixed assets, inventory valuations, and capitalisation tracking for construction assets.

Skills

General Ledger

Financial Reporting

Taxation

RERA compliance

Education

CA qualification

Tools

ERP Systems

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.

Preferred candidate profile

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