Estate Accountant at UPDC Plc

Objective / Purpose of the Job

• The Estate Accountant plays a pivotal role in financial management.
• This position is responsible for ensuring accurate financial reporting, effective revenue management, and strict compliance with financial regulations.
• The role supports the operational efficiency of the estate by managing budgets, monitoring expenditures, and providing financial insights that drive informed decision-making and optimize estate performance.

Key Accountability
Financial Management & Reporting:

• Manage and maintain financial records for assigned estates, ensuring accuracy and compliance with accounting standards.
• Prepare monthly, quarterly, and annual financial reports, including income statements, balance sheets, and cash flow statements.
• Reconcile estate bank accounts, supplier accounts, and tenant ledgers.

Budgeting & Forecasting:

• Assist in the preparation of estate budgets and financial forecasts.
• Monitor expenditure against budgets and highlight variances to management.
• Provide financial analysis to support decision-making and operational improvements.

Cost Control & Compliance:

• Ensure all financial transactions comply with company policies and relevant regulations.
• Review and process supplier invoices, ensuring timely payments and proper expense allocation.
• Assist with internal and external audits, providing necessary documentation and explanations.

Stakeholder Collaboration:

• Work closely with Facility Managers and vendors to ensure seamless financial operations.
• Provide financial insights and advice to support estate management decisions.
• Liaise with external auditors, tax authorities, and regulatory bodies as required.

Compliance & Audit Support:

• Ensure all financial activities adhere to internal controls, company policies, and relevant financial regulations.
• Prepare documentation and assist the Financial Controller in coordinating internal and external audits.
• Implement audit recommendations to strengthen financial controls and reporting accuracy.

Key Performance Indicators (KPIs):

• Timeliness and accuracy of financial reports.
• Budget adherence and cost-saving initiatives.
• Compliance with internal and external audit requirements.
• Stakeholder satisfaction with financial services.

Education

• Bachelor’s degree in accounting, Finance, or a related field
• Minimum of 3-5 years of relevant experience, preferably within real estate or facilities management.
• Professional certification (e.g., ICAN, ACCA, CPA) is an added advantage.
• Proficiency in accounting software (Sage, QuickBooks) and MS Excel.

Skills:

• Strong knowledge of financial regulations and accounting principles.
• Excellent analytical and problem-solving skills.
• High attention to detail and accuracy.
• Strong communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Time management and organizational skills to handle multiple deadlines.