Chief Accountant – Investor Side (Real Estate Projects)

1. DETAILED JOB DESCRIPTION

1.1. Project Accounting & Financial Management

• Set up and manage the accounting system for real estate investment projects in compliance with applicable regulations.
• Monitor the project’s entire cash flow: investment costs, disbursement, advances – reimbursements, subcontractor payments, and final settlement.
• Control contract values, addendums, approved quantities, and payment dossiers.
• Review and recommend approval of project expenses based on principles of completeness, reasonableness, validity, cost efficiency, and legal compliance.

1.2. Management Reporting & Cash Flow

• Prepare weekly/monthly/quarterly project cash flow reports.
• Forecast capital requirements and alert financial risks.
• Coordinate with the Finance Division on project financing solutions.

1.3. Tax & Legal Compliance for Projects

• Be fully knowledgeable of all projects legal documents: investment approval, planning, construction permits, fire safety approval (PCCC), design appraisal, and sales contracts.
• Handle project-specific taxes, including:
• VAT for real estate projects
• Corporate Income Tax (CIT) for project revenue
• Contractor Tax
• Registration Fee
• Land tax and land use fee
• Follow up on project finalization and settlement procedures with relevant state authorities.

1.4. Investment Cost Control

• Establish project norms, cost frameworks, and budgets from the outset.
• Monitor actual costs throughout each project phase.
• Coordinate and reconcile data with the Cost Control/Estimation Department, Project Management Department, and Bidding Department.

1.5. Sales Support

• Control sales documentation: booking forms, sales & purchase agreements, and customer receivables.
• Ensure payment collection per schedule, minimize bad debts.
• Monitor discount schemes, incentives, and sales policies.

1.6. Team Management

• Develop accounting and financial procedures for the Investor Division.
• Train and supervise the project accounting team.
• Report directly to the CEO/Board of Directors.

2. CANDIDATE REQUIREMENTS

2.1. Qualifications & Expertise

• Bachelor’s degree in accounting, Auditing, or Finance; CPA, ACCA, or equivalent certifications are preferred.
• Minimum 5 years of experience as Chief Accountant or Deputy Head of Accounting in a Real Estate Developer/Investor.
• Strong expertise in:
  • Accounting for real estate development projects
  • Budgeting – cost control – cash flow management
  • Tax regulations and legal frameworks applicable to Developers

2.2. Essential Skills

• Strong cost control and financial risk management capability.
• Excellent Excel skills, familiarity with accounting software and management reporting.
• Strong communication, independent working ability, and effective cross-functional coordination.
• Traits: integrity, decisiveness, prudence, and strong professional judgment.

2.3. Preferred Qualifications

• Experience as Chief Accountant at major real estate corporations or developers (low-rise/high-rise projects).
• Strong understanding of inspection – audit – project settlement procedures in real estate.
• Experience working with banks on project financing/loans.