The job holder will perform accounting tasks efficiently including processing of Accounts Receivable (AR) transactions and reports within specified department timelines while following accounting policies and department policies. Support the team with establishing continuous improvement mechanisms to help ensure the accuracy in accounts receivable data.
Revenue recognition
Prepare workings of revenue recognition for build to sell, master planned land and raw land sales portfolio on a monthly basis in line with company policy and IFRS
Pass termination accounting entries in line with company policy and IFRS
Reconcile the Project to Date (PJTD) [HS1] [SS2] revenue recognition workings with Trial Balance (TB).
Accounting schedules
Prepare schedules for Accounts Receivable / Customer advances and related accounts on a periodic basis matching with the trial balance.
Pass corrective entries for any adjustments identified in the schedules.
Assist with closing activities for AR subledgers and GL
Check the interface between Oracle and Yardi and ensure the discrepancies are corrected.
Co-ordinate with Finance and other departments on any issue relating to Revenues/Account Receivables on the Yardi/Other systems.
Other activities
Resolve Routine issues and providing information to business users relating to the Group.
Liaise with RERA Escrow Auditors/Internal and external auditors.
Review the broker commissions service requests on Salesforce.
Assist with VAT reports compilation for VAT team
Aptitude to analyze financial data and identify irregularities.
Revenue recognition
Prepare workings of revenue recognition for build to sell, master planned land and raw land sales portfolio on a monthly basis in line with company policy and IFRS
Pass termination accounting entries in line with company policy and IFRS
Reconcile the Project to Date (PJTD) revenue recognition workings with Trial Balance (TB).
Accounting schedules
Prepare schedules for Accounts Receivable / Customer advances and related accounts on a periodic basis matching with the trial balance.
Pass corrective entries for any adjustments identified in the schedules.
Assist with closing activities for AR subledgers and GL
Check the interface between Oracle and Yardi and ensure the discrepancies are corrected.
Co-ordinate with Finance and other departments on any issue relating to Revenues/Account Receivables on the Yardi/Other systems.
Other activities
Resolve Routine issues and providing information to business users relating to the Group.
Liaise with RERA Escrow Auditors/Internal and external auditors.
Review the broker commissions service requests on Salesforce.
Assist with VAT reports compilation for VAT team
Preparation of adhoc Requests from the MIS Team & Reporting Team
Key Performance Indicators
Accuracy of Accounting as per nature of transactions and accurate accounting distribution.
• Accuracy of reconciliations and reports.
• Processing of broker commissions within SLA.
• Accurately maintained files and documents
• Ability to manage high volume of work with minimal direct supervision and address changes without disrupting schedules.
• Aptitude to analyze financial data and identify irregularities.
• CA /ACCA/ CIMA or equivalent
• Functional Knowledge of escrow accounts, Real Estate Regulatory Authority (RERA) Transaction Accounting System and Fusion System/equivalent accounting system preferred.