Accounts Receivable Accountant
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Key skills for this role
About the Role
Ohana Development seeks an Accounts Receivable Accountant to manage receivables for property development projects. The role involves milestone billing, collection of customer instalments, compliance with IFRS 15, and monitoring escrow transactions.
Key Skills for This Role
Responsibilities
- Issue milestone based invoices as per Sales & Purchase Agreements (SPA) and approved payment plans
- Record revenue in compliance with IFRS 15 – Revenue from Contracts with Customers
- Maintain and reconcile customer ledgers and instalment schedules
- Monitor receivable aging and follow up on overdue payments
- Coordinate with Sales, CRM, and Legal teams on default cases and payment delays
- Track post dated cheques (PDCs) and manage bounced cheque follow ups
- Reconcile escrow collections with customer accounts and project records
- Prepare aging reports, collection forecasts, and receivable analysis by project
- Support month end closing, deferred revenue reconciliation, and audit requirements
- Ensure VAT compliance on property sales transactions
Requirements
- Bachelor's degree in Accounting, Finance, or related discipline
- ACCA (Part Qualified), CA (Part Qualified), or equivalent professional qualification preferred
- 4–5 years of experience in Accounts Receivable, preferably in Real Estate Development
- Strong knowledge of IFRS 15 and revenue recognition for development projects
- ERP experience Odoo / SAP / Oracle Fusion
- Strong analytical and reconciliation skills
- Strong verbal and written communication skills
Full Job Posting
Job Summary
- The Accounts Receivable Accountant is responsible for managing receivables related to property development projects, including off plan and completed unit sales.
- The role ensures accurate milestone billing, timely collection of customer instalments, compliance with IFRS 15, and effective monitoring of escrow related transactions.
Key Responsibilities
- Issue milestone based invoices as per Sales & Purchase Agreements (SPA) and approved payment plans.
- Record revenue in compliance with IFRS 15 – Revenue from Contracts with Customers.
- Maintain and reconcile customer ledgers and instalment schedules.
- Monitor receivable aging and follow up on overdue payments.
- Coordinate with Sales, CRM, and Legal teams on default cases and payment delays.
- Track post dated cheques (PDCs) and manage bounced cheque follow ups.
- Reconcile escrow collections with customer accounts and project records.
- Prepare aging reports, collection forecasts, and receivable analysis by project.
- Support month end closing, deferred revenue reconciliation, and audit requirements.
- Ensure VAT compliance on property sales transactions.
Requirements
- Bachelor's degree in Accounting, Finance, or a related discipline.
- ACCA (Part Qualified), CA (Part Qualified), or equivalent professional qualification is preferred.
- 4–5 years of experience in Accounts Receivable, preferably in Real Estate Development.
- Strong knowledge of IFRS 15 and revenue recognition for development projects.
- ERP experience Odoo / SAP / Oracle Fusion.
- Strong analytical and reconciliation skills.
- Strong verbal and written communication skills.
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