We are looking for an experienced and detail-oriented Senior Accountant with a minimum of 10 years of accounting experience, preferably in the construction, interior design, interior fit-out, renovation, or contracting industry.

The ideal candidate must have strong practical knowledge of project-based accounting, project cost control, BOQ, client billing, running account (RA) bills, subcontractor accounting, material costing, retention money, project advances, accounts payable and receivable, GST, TDS, bank reconciliation, and financial reporting.

Construction and interior fit-out accounting requires close monitoring of project-wise revenue and expenditure, material consumption, labour and subcontractor costs, billing milestones, payment certifications, project cash flow, and actual profitability against approved budgets.

The successful candidate will be responsible for maintaining accurate books of accounts, monitoring project financial performance, ensuring statutory compliance, coordinating with project and procurement teams, and providing timely financial reports to management.

Duties and Responsibilities

1. Project Accounting & Cost Control

- Maintain separate project-wise accounts for construction, interior design, renovation, and fit-out projects.

- Track project revenue, material costs, labour expenses, subcontractor charges, transportation, equipment costs, and other project-related expenses.

- Compare actual project expenditure against approved budgets, BOQs, estimates, and contract values.

- Prepare project-wise profit and loss statements and cost variance reports.

- Identify cost overruns, material wastage, unbudgeted expenses, and potential profitability issues.

- Monitor work-in-progress (WIP) and coordinate appropriate accounting treatment based on project progress and applicable accounting standards.

- Maintain project cost codes and ensure correct allocation of expenses to individual projects.

- Coordinate with project managers and site engineers to obtain accurate and timely cost information.

2. Client Billing & Accounts Receivable

- Prepare and verify client invoices, RA bills, milestone-based bills, and final bills.

- Coordinate with project teams to verify work completion, measurements, certifications, and supporting documents before billing.

- Maintain records of contract values, approved variations, bills submitted, bills certified, and payments received.

- Track client advances, advance recoveries, retention money, deductions, and outstanding receivables.

- Follow up with clients for invoice approvals, payment certifications, and overdue collections.

- Reconcile client accounts and resolve billing discrepancies.

- Coordinate the preparation of extra-work bills and variation claims supported by approved documentation.

- Ensure invoices are raised accurately and on time, including applicable GST requirements.

3. Subcontractor Accounting & Reconciliation

- Maintain project-wise accounts for subcontractors, labour contractors, and specialist fit-out contractors.

- Verify subcontractor bills against approved work orders, contractual rates, site measurements, and work completion certifications.

- Coordinate with site engineers and project managers to verify executed work before processing payments.

- Account for subcontractor advances, retention money, contractual deductions, recoveries, and applicable TDS.

- Reconcile subcontractor statements, outstanding balances, and payment histories.

- Prepare subcontractor payment schedules subject to management approval and available cash flow.

- Ensure payments are supported by approved bills and appropriate documentation.

- Assist with subcontractor final accounts and settlement of outstanding balances.

4. Material Accounting & Inventory Control

- Maintain records of construction materials, interior finishes, furniture, fixtures, fittings, electrical items, plumbing materials, and other project supplies.

- Record material purchases, goods received, site issues, returns, transfers, and consumption.

- Verify purchase invoices against purchase orders, delivery challans, and goods received notes (GRNs).

- Reconcile material purchases and consumption with project-wise accounting records.

- Compare actual material usage against BOQ quantities and estimated requirements.

- Identify material shortages, wastage, excess consumption, and discrepancies in stock records.

- Coordinate physical stock verification with stores and site personnel.





- Ensure material costs are allocated to the correct projects.

5. General Accounting & Bookkeeping

- Maintain general ledger, cash book, bank book, sales, purchase, journal, receipt, and payment entries.

- Handle accounts payable, accounts receivable, and bank reconciliations.

- Record expenses, advances, employee reimbursements, fixed assets, and depreciation.

- Maintain petty cash and site expense records with supporting vouchers.

- Verify accounting transactions for accuracy, authorization, and correct classification.

- Perform monthly closing and maintain accurate trial balances.

- Prepare ledger schedules and supporting records for financial statements.

- Maintain proper accounting documentation and internal financial controls.

6. GST, TDS & Statutory Compliance

- Manage GST accounting and coordinate applicable GST return preparation and filing.

- Verify GST treatment for construction contracts, interior fit-out services, material purchases, and subcontractor bills.

- Reconcile sales and purchase transactions with relevant GST returns and books of accounts.

- Review eligible input tax credit (ITC) and investigate reconciliation differences.

- Handle applicable TDS deductions, accounting entries, reconciliations, and return preparation.

- Verify GST invoices, e-invoices, e-way bills, and other statutory documents wherever applicable.

- Monitor statutory payment and filing deadlines.

- Coordinate with tax consultants and auditors for GST, income tax, statutory audits, and tax audits.

7. Accounts Payable & Supplier Management

- Maintain supplier ledgers and monitor outstanding payments.

- Verify supplier invoices against purchase orders, delivery records, and approved material receipts.

- Reconcile supplier statements and resolve differences.

- Track supplier advances, credit periods, due dates, and payment commitments.

- Prepare payment schedules based on contractual terms, project priorities, and management approval.

- Identify duplicate invoices, incorrect charges, and unsupported expenses.

- Maintain proper records of purchase transactions and supplier payments.

8. Cash Flow & Working Capital Management

- Prepare cash flow statements and short-term cash flow forecasts.

- Monitor client collections, supplier payments, subcontractor liabilities, salary payments, and site expenses.

- Track retention receivables, overdue invoices, project advances, and outstanding commitments.

- Identify potential cash shortages caused by delayed client payments or project cost overruns.

- Prepare payment plans and provide cash flow updates to management.

- Support working capital planning for ongoing construction and interior projects.

9. Financial Reporting & Management Information

- Prepare monthly, quarterly, and annual financial reports.

- Prepare project-wise profitability statements and budget-versus-actual reports.

- Generate accounts receivable and payable ageing reports.

- Prepare bank reconciliation statements and outstanding balance summaries.

- Report project expenses, material costs, subcontractor liabilities, retention balances, and unbilled work.

- Monitor project margins and highlight financial risks to management.

- Provide reliable financial information for budgeting, pricing, procurement, and project planning.

10. Audit, Documentation & Internal Controls

- Coordinate internal audits, statutory audits, and tax audits.

- Maintain complete documentation for client billing, supplier invoices, subcontractor payments, expenses, and statutory transactions.

- Ensure transactions are supported by proper approvals and supporting documents.

- Identify accounting errors, unusual transactions, duplicate payments, and control weaknesses.

- Maintain accurate digital and physical financial records.

- Assist auditors with schedules, ledger confirmations, reconciliations, and supporting documents.

11. Payroll & Employee Accounting

- Coordinate payroll preparation, salary payments, employee advances, and reimbursements.





- Verify attendance and payroll inputs received from the relevant departments.

- Record applicable statutory deductions and employer contributions.

- Reconcile salary payable accounts and employee advance balances.

- Maintain appropriate payroll documentation and confidentiality.

12. Team Coordination & Accounting Software

- Coordinate with project managers, site engineers, procurement, stores, HR, and management.

- Provide timely financial information to support project execution and cost-control decisions.

- Supervise junior accountants and accounts assistants, where applicable.

- Maintain accurate accounting data using Tally Prime or other relevant accounting software.

- Use Excel for project costing, reconciliations, financial analysis, and management reporting.

- Improve accounting procedures, reporting accuracy, and documentation practices.

Educational Qualifications

- Bachelor's degree in Commerce, Accounting, Finance, or a related field preferred.

- M.Com, MBA Finance, or professional accounting qualifications will be an added advantage.

- Solid practical knowledge of accounting principles, financial reporting, GST, and TDS.

- Relevant professional certifications are desirable but not mandatory.

Experience Requirements

- Minimum 10 years of accounting experience.

- Experience in construction, interior design, interior fit-out, renovation, or contracting is strongly preferred.

- Practical experience in project-wise accounting and cost control.

- Experience in client billing, RA bills, subcontractor accounting, retention money, and project advances.

- Knowledge of BOQ, material costing, project budgets, and project profitability.

- Experience in GST, TDS, bank reconciliation, accounts payable, accounts receivable, and financial reporting.

- Experience managing accounts for multiple projects or sites will be an advantage.

Required Skills

- Project-based accounting and cost control

- Construction and interior fit-out accounting

- BOQ and project cost analysis

- Client billing and RA bill preparation

- Subcontractor bill verification and reconciliation

- Material accounting and inventory control

- GST and TDS compliance

- Accounts payable and receivable management

- Bank reconciliation and general ledger maintenance

- Cash flow forecasting and working capital monitoring

- Financial statement preparation

- Budget-versus-actual analysis

- Audit support and documentation

- Attention to detail and analytical thinking

- Time management and problem-solving

- Communication and coordination skills

Software & Technical Knowledge

- Tally Prime or equivalent accounting software.

- Microsoft Excel, including formulas, PivotTables, lookup functions, and financial reporting.

- Microsoft Word for accounting documentation and correspondence.

- Knowledge of ERP or project accounting systems is an advantage.

- Familiarity with BOQ, purchase orders, work orders, RA bills, and project cost reports.

Key Performance Indicators (KPIs)

Performance will be assessed based on:

- Accuracy of project-wise accounting and cost allocation.

- Timely preparation and submission of client bills.

- Accuracy of subcontractor and supplier reconciliations.

- Timely monthly closing and financial reporting.

- Effective monitoring of outstanding receivables and overdue payments.

- Timely GST and TDS compliance, as applicable.

- Accuracy of project profitability and budget variance reports.

- Timely identification of cost overruns and financial risks.

- Accuracy of bank, client, supplier, and subcontractor reconciliations.

- Reduction in accounting errors, duplicate payments, and unreconciled balances.

Preferred Candidate Profile

The ideal candidate will be a responsible, analytical, and commercially aware accounting professional who understands the project-oriented nature of construction and interior fit-out accounting.

Candidates should be capable of independently handling day-to-day accounting operations, monitoring project costs, verifying client and subcontractor bills, managing statutory compliance, tracking receivables and payables, and providing accurate financial reports to management.

Candidates with hands-on experience in construction companies, interior fit-out contractors, turnkey interior firms, commercial interior projects, and renovation companies are encouraged to apply.

Pay: ₹25,000.00 - ₹45,000.00 per month

Education:

- Master's (Required)

Experience:

- Accounting: 10 years (Required)

Work Location: In person

📌 Senior Accountant – Construction & Interior Design (Mannuthy)
🏢 RK Dezign
📍 Mannuthy