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 in office 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.

📌 Assist (Visakhapatnam)
🏢 Lansum Properties
📍 Visakhapatnam