About the RoleARP Finserv is looking for a Senior Accountant to manage accounting, reporting and compliance for our clients in real estate and property development. You will be the primary accounting point of contact for the real estate clients, handling the complexities unique to project-based accounting: revenue recognition on long-gestation projects, development and construction cost tracking, project compliances, joint development arrangements and multi-entity structures.

The ideal candidate combines strong technical accounting knowledge with hands-on experience in the real estate sector and is comfortable working directly with client finance teams and promoters.

Key ResponsibilitiesClient accounting and reporting

- Own the end-to-end accounting for a portfolio of real estate and development clients, from books of accounts to monthly, quarterly and annual closing.
- Prepare and review financial statements in line with Ind AS / applicable Indian GAAP, including project-wise and entity-wise reporting.
- Prepare MIS reports for client management: project profitability, cost-to-complete, budget vs. actuals, cash flow and collections against receivables.

Real estate-specific accounting

- Apply revenue recognition for property sales, including treatment of customer advances, booking amounts, and unbilled revenue.
- Maintain project cost ledgers and accounting for work-in-progress, land cost, development rights, approvals and statutory charges, and inventory valuation.
- Account for borrowing costs and their capitalization, and for investment property and leased assets where relevant.
- Handle accounting for joint development agreements (revenue-share and area-share models), land acquisition and transfer of development rights.
- Reconcile customer ledgers, demand letters, cancellations,



refunds and possession-related adjustments.

Taxation and compliance

- Ensure compliance with VAT on real estate transactions, including the treatment of under-development / under-construction property, land value deduction, input tax credit eligibility and reconciliations.
- Oversee WHT compliance, including WHT on property purchases and contractor and professional payments.
- Support ZAKAT computation, advance tax, and coordinate with tax teams on assessments and notices for real estate clients.
- Support statutory and internal audits, preparing schedules and responding to auditor queries.

Team and client management

- Coordinate with client site, procurement, sales and legal teams to ensure timely and accurate data.
- Identify process gaps and recommend improvements to internal controls, budgeting and cost-tracking systems.

Required Qualifications and Experience• Bachelor's/Master's degree in Commerce, Accounting or Finance with strong equivalent experience.
- 5–8 years of accounting experience, with a minimum of 3 years serving real estate, construction or infrastructure clients (in practice, in-house, or both).

Technical Skills• Strong working knowledge of IFRS
- In-depth understanding of real estate accounting: project accounting, percentage-of-completion revenue recognition, cost allocation across phases and projects, and inventory valuation.
- Sound knowledge of Saudi Arabia VAT,



Zakat and Withholding Tax as applied to real estate and development transactions.
- Experience with joint development, land aggregation, SPV structures and inter-company transactions, including consolidation and eliminations.
- Proficiency in accounting software such as Quickbooks, SAP, Zoho Books, or similar, and advanced Excel skills (pivot tables, lookups, reconciliations, cash flow models).
- Experience with real estate ERP or project management tools is an advantage.

Core Competencies• Strong analytical ability and attention to detail, particularly in cost tracking and reconciliations.
- Transparent written and verbal communication, with the ability to explain accounting positions to non-finance stakeholders and promoters.
- Ability to manage multiple clients and deadlines simultaneously.
- Integrity, professional judgment and a strong sense of ownership.
- Leadership skills to mentor and review junior team members.

Preferred (Good to Have)• Exposure to audit or due diligence for real estate transactions, fund-raising or lender reporting (bank financing, NCDs, construction finance).
- Experience with REITs, real estate funds or portfolio-level reporting.
- Prior experience of working in Gulf and understanding of Arabic language
- Knowledge of project feasibility, budgeting and cash flow forecasting for developments.

What We Offer• Opportunity to work with a diverse portfolio of real estate and development clients.
- A collaborative team environment with exposure to advisory work beyond day-to-day accounting.
- Competitive compensation and professional growth opportunities. [Add details]

How to Apply
- Interested candidates may send their resume to [email protected] with the subject line "Senior Accountant – Real Estate".

📌 Senior Accountant - Real Estate & Development (Hyderabad)
🏢 ARP Finserv
📍 Hyderabad