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Accountant – Receipts, Collections & ReconciliationsJob posting
Accountant – Receipts, Collections & Reconciliations — Dream India Realty
Location: [Mumbai office - Oshiwara ·
Type: Full-time ·
Experience: 3–6 years ·
CTC: 5 to 6 lakhs
About us
Dream India Group has developed real estate since 2009, with over 2.2 million sq. ft. delivered across Mumbai and Hyderabad. Dream India Realty is building Dream Signature in Oshiwara (three towers of 45 floors), Dream Aspire in Lokhandwala and DZ City in Mumbra.
The role
You will own every rupee that comes in from our homebuyers: booking receipts, raising demands, following up on collections and keeping every ledger and bank account reconciled.
What you will do
• Record customer receipts unit-wise and issue receipts the same day
• Raise demand letters per the construction-linked payment plan and track overdue amounts
• Transfer the RERA share of collections to the designated account on time
• Track buyer TDS (194-IA), GST on receipts and Form 16B collection
• Prepare bank, customer, TDS (26AS) and inter-company reconciliations every month
What we are looking for
• B.Com / M.Com; CA Inter or CA dropout preferred
• 3–6 years in accounts, ideally with a real estate developer handling customer collections
• Working knowledge of RERA, GST on under-construction property and TDS 194-IA
• Strong Tally Prime and Excel (VLOOKUP, pivots); real estate ERP / CRM experience is a plus
• Accuracy, follow-through and polite but firm communication with customers
How to apply: Send your CV to [email] with the subject line “Accountant – Receipts”.
Job description
Key responsibilities
1. Customer receipts
o Record all customer receipts (cheque, NEFT / RTGS, UPI, home-loan disbursements) in Tally / ERP against the correct project, tower and unit
o Issue system receipts to customers within 24 hours of credit
o Split each receipt into agreement value, GST, stamp duty / registration, and other charges (maintenance, corpus, parking)
o Maintain unit-wise customer ledgers and share statements of account on request
o Handle cheque bounces: inform Sales and the customer, levy charges per agreement, update records
2. Demands and collections
o Raise demand letters as each construction milestone is certified, per the payment plan in the agreement
o Maintain the demand vs. collection register and receivables ageing (0–30, 31–60, 61–90, 90+ days) per project
o Follow up overdue customers by call, email and reminder letter; compute interest on delayed payments per agreement
o Coordinate with banks and HFCs on home-loan disbursement requests and tripartite agreements
o Prepare final dues and no-dues statements for possession and registration
3. RERA and tax on receipts
o Transfer 70% of each project's collections to its designated MahaRERA account within the agreed timeline and keep a transfer register
o Track TDS deducted by buyers under Section 194-IA, follow up for Form 16B, and match to Form 26AS
o Ensure GST on receipts is computed correctly and data for GSTR-1 is ready by the 5th of each month
o Provide collection data for RERA quarterly updates and CA certificates
4. Reconciliations (monthly, by the 5th)
o Bank reconciliation for all collection and RERA accounts
o Customer ledger reconciliation with the sales / CRM booking register (units, agreement values, discounts)
o Form 26AS / AIS reconciliation of TDS credits
o GST reconciliation of output tax: books vs. GSTR-1 vs. GSTR-3B
o Inter-company and inter-project account reconciliation across group entities
o Report unreconciled items with ageing and reasons to the Head of Accounts & Finance
5. Reporting
o Daily collection report to the Head of Accounts & Finance and the Chairman & MD
o Weekly overdue list for the Sales team; monthly collections MIS per project
o Support statutory, tax and RERA audits with schedules and documents
Key performance indicators
• 100% of receipts recorded and acknowledged within 24 hours
• Demand letters raised within 3 working days of milestone certification
• Overdue receivables (90+ days) reduced month on month
• RERA transfers made on time, every time
• All reconciliations submitted by the 5th, with no unexplained item older than 30 days
• Zero mismatches between books, GSTR-1 and Form 26AS at quarter end
Qualifications and experience
• B.Com / M.Com; CA Inter, CA dropout or CMA Inter preferred
• 3–6 years in accounts, at least 2 years handling customer receipts and collections for a real estate developer
• Working knowledge of MahaRERA, GST on real estate, TDS 194-IA and Form 16B
Skills
• Tally Prime (mandatory); real estate ERP or CRM (Farvision, Sell.Do, Salesforce or similar) is a plus
• Advanced Excel: VLOOKUP / XLOOKUP, pivots, ageing reports
• Clear, courteous communication in English, Hindi and Marathi
- • Accuracy, persistence on follow-ups and strict confidentiality of customer data
Click on Apply to know more.