Chief Accountant – Real Estate Developer (Off-Plan)

Job Summary

We are seeking an experienced Chief Accountant with a strong background in real estate development, off-plan property sales and property leasing accounting. The successful candidate will be responsible for managing day-to-day accounting operations, overseeing financial reporting, ensuring accurate project and property-level accounting, and maintaining compliance with IFRS and applicable financial regulations.

The role requires hands-on experience in off-plan unit sales accounting, real estate development transactions, and property financial management, along with strong ERP and advanced Microsoft Excel skills.

Key Responsibilities

Accounting Operations & Financial Reporting

• Manage and oversee day-to-day accounting operations across the company and its real estate properties.

• Review accounting transactions, journal entries, payments, receipts and reconciliations.

• Manage monthly, quarterly and annual financial closing processes.

• Prepare accurate financial statements, management reports and property-level financial reports.

• Maintain and review General Ledger, Accounts Payable, Accounts Receivable and bank reconciliations.

• Monitor intercompany accounts and related-party transactions.

Real Estate Development & Property Accounting

• Manage accounting activities related to off-plan property sales, unit bookings, sales collections and customer payment schedules.

• Ensure accurate recording and reconciliation of property sales, customer advances and project-related transactions.

• Oversee property leasing accounts, rental income, service charges, security deposits and tenant receivables.

• Monitor outstanding customer and tenant balances and ensure timely reconciliation.

• Review accounting treatment for property acquisitions, disposals, investments, CAPEX and depreciation.

Financial Control & Compliance

• Ensure compliance with IFRS, applicable accounting standards and internal financial policies.

• Coordinate with external auditors and provide supporting schedules and documentation.

• Support annual budgeting, financial forecasting, cash-flow projections and variance analysis.

• Establish and maintain effective internal accounting controls and procedures.

• Identify accounting discrepancies and implement corrective measures.

Team Management

• Supervise, guide and review the work of junior accounting staff.

• Ensure accuracy and timely completion of accounting activities and financial reporting.

• Coordinate with internal departments to ensure smooth financial operations.