Society Accounts Executive

Experience

3 - 5 Years

Qualification

BCom

Location

Nagpur

Salary

Up to 3.60 LPA

Roles and Responsibilities

• Maintain accurate and up-to-date financial records, including receipts, payments, and invoices.

• Manage accounts payable and receivable.

• Record all financial transactions in the society\'s accounting system.

• Assist in the preparation of the society’s annual budget.

• Monitor and report on budget variances.

• Provide financial forecasts and analysis to support decision-making.

• Prepare monthly, quarterly, and annual financial statements.

• Generate reports on financial status, including income statements, balance sheets, and cash flow statements.

• Present financial reports to the society\'s management and members.

• Manage the collection of maintenance fees, dues, and other charges from residents.

• Maintain records of payments and follow up on overdue accounts.

• Handle inquiries and disputes related to fees and dues.

• Ensure compliance with relevant financial regulations and standards.

• Coordinate with external auditors for annual audits.

• Prepare and submit required financial documentation to regulatory authorities.

• Manage the society’s bank accounts and ensure proper reconciliation.

• Handle cash transactions and maintain petty cash records.

• Monitor and optimize cash flow.

• implement and maintain internal controls to safeguard the society’s financial assets.

• Conduct regular reviews and audits of financial processes and transactions.

• Provide financial insights and recommendations to the Housing Society Manager and the

management committee.

• Assist in the development and implementation of financial policies and procedures.