Job Title: Chief Accountant Real Estate
Location: Iraq
Job Summary
The Chief Accountant is responsible for managing the day-to-day accounting operations of the real estate business ensuring accurate financial records compliance with Iraqi laws and accounting standards and timely financial reporting. The role supports management with financial analysis budgeting and statutory compliance related to real estate activities such as property sales leasing and project development.
Key Responsibilities
Accounting & Financial Control
Oversee general ledger accounts payable accounts receivable and fixed assets.
Ensure accurate recording of real estate transactions including sales lease income service charges and installment payments.
Review and approve journal entries reconciliations and month-end closing.
Maintain proper accounting controls and procedures.
Financial Reporting
Prepare monthly quarterly and annual financial statements.
Ensure timely submission of management reports and MIS.
Coordinate with external auditors during annual audits.
Prepare financial data for management review and decision-making.
Taxation & Compliance (Iraq)
Ensure compliance with Iraqi tax laws including corporate income tax withholding tax payroll tax and social security contributions.
Prepare and review tax filings and coordinate with tax authorities.
Ensure compliance with local regulatory and statutory requirements.
Real Estate Accounting
Manage accounting for property development costs capitalization and cost allocation.
Monitor revenue recognition for property sales and leasing contracts.
Track escrow retention and project-based expenses.
Support handover accounting and post-completion reconciliations.
Budgeting & Forecasting
Assist in preparing annual budgets and financial forecasts.
Monitor budget performance and analyze variances.
Provide cost control and cash flow recommendations.
Team Supervision
Supervise and guide accountants and junior finance staff.
Review team output and ensure adherence to deadlines.
Support staff development and training.
Coordination & Support
Coordinate with Sales Leasing Projects and Collections teams.
Support Finance Manager in strategic financial planning.
Handle internal and external financial queries professionally.
Requirements
Qualifications & Experience
Bachelors degree in Accounting Finance or related field.
Professional certification (CPA ACCA CMA) is an advantage.
812 years of accounting experience with at least 35 years in real estate or construction sector.
Strong knowledge of Iraqi accounting practices and taxation.
Required Skills:
Strong negotiation and communication skills. Knowledge of Iraqi commercial practices and real estate contracts. Ability to handle difficult customers professionally. Strong analytical and reporting skills. Proficiency in MS Excel and ERP systems. Arabic is mandatory; English is an advantage.
Required Education:
Bachelors degree in Finance Accounting Business Administration or related field.610 years of experience in collections or credit control preferably in real estate or construction understanding of installment-based property sales and leasing in managing collection teams is mandatory.
Job Title: Chief Accountant Real EstateLocation: Iraq Job SummaryThe Chief Accountant is responsible for managing the day-to-day accounting operations of the real estate business ensuring accurate financial records compliance with Iraqi laws and accounting standards and timely financial reporting. ...
Job Title: Chief Accountant Real Estate
Location: Iraq
Job Summary
The Chief Accountant is responsible for managing the day-to-day accounting operations of the real estate business ensuring accurate financial records compliance with Iraqi laws and accounting standards and timely financial reporting. The role supports management with financial analysis budgeting and statutory compliance related to real estate activities such as property sales leasing and project development.
Key Responsibilities
Accounting & Financial Control
Oversee general ledger accounts payable accounts receivable and fixed assets.
Ensure accurate recording of real estate transactions including sales lease income service charges and installment payments.
Review and approve journal entries reconciliations and month-end closing.
Maintain proper accounting controls and procedures.
Financial Reporting
Prepare monthly quarterly and annual financial statements.
Ensure timely submission of management reports and MIS.
Coordinate with external auditors during annual audits.
Prepare financial data for management review and decision-making.
Taxation & Compliance (Iraq)
Ensure compliance with Iraqi tax laws including corporate income tax withholding tax payroll tax and social security contributions.
Prepare and review tax filings and coordinate with tax authorities.
Ensure compliance with local regulatory and statutory requirements.
Real Estate Accounting
Manage accounting for property development costs capitalization and cost allocation.
Monitor revenue recognition for property sales and leasing contracts.
Track escrow retention and project-based expenses.
Support handover accounting and post-completion reconciliations.
Budgeting & Forecasting
Assist in preparing annual budgets and financial forecasts.
Monitor budget performance and analyze variances.
Provide cost control and cash flow recommendations.
Team Supervision
Supervise and guide accountants and junior finance staff.
Review team output and ensure adherence to deadlines.
Support staff development and training.
Coordination & Support
Coordinate with Sales Leasing Projects and Collections teams.
Support Finance Manager in strategic financial planning.
Handle internal and external financial queries professionally.
Requirements
Qualifications & Experience
Bachelors degree in Accounting Finance or related field.
Professional certification (CPA ACCA CMA) is an advantage.
812 years of accounting experience with at least 35 years in real estate or construction sector.
Strong knowledge of Iraqi accounting practices and taxation.
Required Skills:
Strong negotiation and communication skills. Knowledge of Iraqi commercial practices and real estate contracts. Ability to handle difficult customers professionally. Strong analytical and reporting skills. Proficiency in MS Excel and ERP systems. Arabic is mandatory; English is an advantage.
Required Education:
Bachelors degree in Finance Accounting Business Administration or related field.610 years of experience in collections or credit control preferably in real estate or construction understanding of installment-based property sales and leasing in managing collection teams is mandatory.
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