Accountant for Projects and Real Estate Development

The job title is Accountant for Projects and Real Estate Development.

The objective of the position is to execute and monitor the accounting and financial operations related to development projects, ensuring accurate project cost tracking and financial reporting.

Responsibilities include recording and reviewing accounting entries, monitoring financial accounts for each project independently, tracking project costs and comparing them with the approved budget, preparing actual cost reports and variances for each project, and ensuring compliance with contractual obligations and performance metrics before submission for approval.

Additional tasks involve monitoring contractor payments and ensuring compliance with payment orders and project-specific agreements, reviewing contractor and supplier accounts, and performing bank reconciliations and cash flow management.

Collaboration with project management and financial administration is essential to ensure accurate and timely financial reporting and compliance with financial regulations.

Qualifications include a degree in accounting or a related financial field, with a minimum of 5 years of practical experience in accounting, and at least 3 years in real estate development or contracting companies.

Proficiency in Excel and accounting software, as well as ERP systems, is required. Strong analytical skills and the ability to handle multiple projects simultaneously are essential.

Knowledge of VAT and tax regulations in the Kingdom is preferred.