PROPERTY ACCOUNTANT

DUTIES AND RESPONSIBILITIES

Financial Reporting & Analysis:

Prepare and deliver monthly, quarterly, and annual financial reports for the property portfolio, including profit and loss statements, balance sheets, and cash flow statements.
Analyze and interpret financial data to provide recommendations to senior management regarding financial performance, risks, and opportunities for cost savings or revenue enhancement.
Ensure timely and accurate completion of financial reporting in line with statutory deadlines and regulations.

Property Transactions:

Process all property-related financial transactions, including rent receipts, utility expenses, vendor payments, insurance premiums, and maintenance costs.
Ensure proper allocation and coding of property expenses in the accounting system.
Manage the posting of journal entries for property-related transactions and ensure their accuracy.

Reconciliation & Audit Support:

Reconcile property accounts, including bank accounts, tenant accounts, and general ledgers, to ensure all financial data is correct and up-to-date.
Assist in the preparation of annual audits, providing required documentation and facilitating audit procedures.
Ensure that all property-related financial records are maintained in compliance with local tax and accounting regulations.

Budgeting & Forecasting:

Assist in preparing and managing the property budget, tracking expenses against budgeted amounts and identifying potential areas of concern.
Forecast and monitor cash flow for property operations, ensuring that sufficient funds are available to cover expenses.
Collaborate with property managers to ensure alignment between budgeted amounts and actual performance.

Taxation and Statutory Compliance:

Prepare and submit monthly, quarterly, and annual tax returns related to property management (e.g., VAT, withholding tax, property tax).
Ensure compliance with all tax laws, regulations, and reporting requirements.
Handle communication with tax authorities and other regulatory bodies as required.

Tenant & Lease Management:

Oversee the financial aspects of tenant lease agreements, ensuring timely and accurate rent invoicing, receipts, and adjustments.
Manage accounts receivable, ensuring that overdue payments are promptly followed up with tenants and appropriate actions are taken.

Cost Control & Risk Management:

Identify opportunities for cost control and optimization within the property management function, suggesting ways to reduce operating costs.
Monitor and manage financial risks associated with property operations, including payment delays, bad debts, and unexpected expenses.

Collaboration and Communication:

Liaise with property managers, auditors, and other stakeholders to ensure accurate and efficient financial operations.
Provide financial advice and support to other departments, offering insights into financial performance and recommending solutions to business challenges.
Ensure that financial reporting is aligned with the company’s overall strategic goals.

KEY REQUIREMENT SKILLS AND QUALIFICATION

Degree in Accounting or CPA 6
Minimum of 4 years of experience in accounting within a real estate company or property management setting
Proven experience in managing property-related financials, including lease agreements, rent invoicing, and vendor payments

HOW TO APPLY