Associate Property Accountant

Invok Hr; Mohali; On-site; INR 600,000 - 900,000; Full time

Job summary

InvokHR is seeking a General Ledger/Record to Report Accountant to join the Global Finance team in Mohali. The role requires GAAP knowledge, journal entry preparation, and reconciliation of financial statements.

You will support budget development and generate standard financial reports for management. Ideal candidate is a Staff/GL Accountant with 2+ years of experience in a global organization and holds a Chartered Accountant or similar accounting degree.

Qualifications

• 2+ years of experience as Staff/GL Accountant for a global organization.
• Qualified Chartered Accountant or a specialized accounting degree.

Responsibilities

• Compile and analyse financial information for entry into financial statements and record journal entries in the general ledger.
• Review budget, revenue, expense, payroll entries, invoices, and discrepancies.
• Perform bank reconciliations and wire transfers for deposits, mortgage payments and distributions.
• Maintain accounting control procedures by analysing revenue and expenditure trends and budgeting levels.
• Analyse and review accounting for property acquisitions, dispositions, closings, budgets, and expenditures.
• Prepare draw schedules, manage job budget cost variances, interface with contractors and sub-contractors, and manage lien releases.
• Review fixed assets, depreciation, and asset capitalization.
• Liaise with internal and external auditors by explaining journal entries and answering questions.
• Coordinate with on-site property managers to complete pre-close and close activities.

Skills

GL accounting

Journal entries

GAAP

Financial analysis

Education

Chartered Accountant or accounting degree

Job description

InvokHR is looking for experienced General Ledger/Record to Report Accountants to join Client's Global Finance team. As a GL/R2R accountant, you will apply generally accepted accounting principles (GAAP) to analyse financial information, reconcile financial statements, prepare general and standard journal entries, assist in budget development, and prepare standard accounting and financial reports for management.

In your journey as an Associate Property Accountant, you will be:

Fulfilling the below roles and responsibilities:

•Compile and analyse financial information in preparation for entry into various financial statements and accounting reports and make appropriate journal entries for recording in the general ledger by checking calculations, reviewing the basis for figures, and balancing and reconciling figures.

•Review budget, revenue, expense, payroll entries, invoices, and other accounting documents and research and resolve discrepancies as necessary.

•Perform bank reconciliations and wire transfers for deposits, make mortgage payments and distributions, and ensure accuracy.

•Maintain and coordinate accounting control procedures by analysing revenue and expenditure trends and recommending appropriate budget levels to ensure expenditure control.

•Analyze and review accounting and financial resources for property acquisitions, dispositions, closings & budgets, and expenditures for local, state, federal, and private funding, contracts, grants, and other corporate finance and accounting transactions.

•Perform specialized tasks necessary for their specific functional focus area, i.e., tasks specific to construction and development, such as preparing and coordinating draw schedules, managing job budget cost variances, interfacing with contractors and sub-contractors, and working with lien releases and contracts.

•Review fixed assets, placing assets in service, and depreciation.

•Act as liaison to internal and external auditors by explaining journal entries and financial transactions, providing research data and information as requested, and answering questions necessary to complete the audit in a timely manner.

•Communicate with on-site and other property managers to assist in completing pre-close and close activities, answer questions, provide support, and ensure timely completion of accounting processes for on-time client and company reporting.

•Complete various financial, accounting, administrative, and other reports, and analyses, and perform other duties as assigned or necessary.

Bringing in the below experience and education:

• 2+ years of experience as a Staff/GL Accountant for a global organization

• Qualified Chartered Accountant or a specialized accounting degree

Shift timings:

• 9 hours shift in US EST hours i.e., shift starts anytime between 6:30 pm to 9:30 pm.

Location:

• Mohali