Accounts Receivable Officer – Real Estate

Limassol, Cyprus 

The Opportunity

A growing real estate development business in Limassol is seeking an Accounts Receivable Officer to join its Finance team. Reporting to senior members of Finance, the successful candidate will take responsibility for the day-to-day receivables cycle across a portfolio of residential development projects.

This is a hands-on role covering client invoicing, payment allocation, collections and reconciliations. It would suit a precise and responsive finance professional who is comfortable managing multiple client accounts and working with milestone-based property transactions.

Key Responsibilities

Billing & Receipts

·      Prepare and issue client invoices in line with reservation agreements, contracts and agreed payment or construction milestones.

·      Issue receipts promptly once payments have been confirmed and ensure transactions are allocated to the correct client and property.

·      Coordinate supporting documentation for milestone-related billing, including relevant certificates, progress confirmations or other project evidence.

Payment Allocation & Collections

·      Match incoming funds to the correct client account, property, project and payment stage.

·      Monitor mortgage drawdowns and other staged bank payments that may fall outside the standard contractual payment schedule.

·      Maintain an active collections process, following up outstanding balances and escalating overdue accounts when appropriate.

·      Apply contractual late-payment charges where required and coordinate persistent collection matters with relevant internal teams.

VAT & Contract Administration

·      Apply the appropriate VAT treatment to property transactions and maintain accurate records of applicable rates.

·      Update receivable records for contract amendments, cancellations, refunds, assignments and other changes affecting client balances.

·      Track reservation deposits through to conversion into completed sales agreements.

Reconciliations & Reporting

·      Maintain accurate and up-to-date client balances and prepare regular debtor ageing reports.

·      Perform month-end receivables reconciliations and reconcile the accounts receivable sub-ledger to the general ledger.

·      Support bank reconciliations and the reconciliation of customer deposits and contract-related liabilities.

·      Provide management with collection updates, aged debtor information and reconciliation reports.

·      Support cash-flow forecasting by providing expected collection dates and client payment information.

Candidate Profile

Experience: A minimum of 2 years relevant experience in accounts receivable, billing, credit control or collections. Exposure to real estate, construction or milestone-based invoicing would be advantageous.

Education: LCCI Higher, part-qualified ACCA or a degree in Accounting, Finance or a related discipline.

Systems: Experience with SAP or a comparable ERP platform, together with strong Microsoft Excel skills.

Technical Knowledge: Good understanding of receivables processes, reconciliations, VAT and client account management.

Approach: Highly accurate, dependable and responsive, with strong attention to detail and the confidence to follow up outstanding payments professionally.

Organisation: Able to manage multiple client accounts, deadlines and payment schedules while maintaining accurate financial records.

Languages: Fluency in Greek and English is required.

What’s on Offer

·      A responsible role within the Finance function of an expanding real estate business.

·      Exposure to a varied portfolio of residential development projects and property transactions.

·      Competitive remuneration based on experience.

·      Performance-related bonus.

·      Sports and wellness membership benefit.

·      Professional and collaborative working environment.

·      Long-term career progression as the organisation continues to grow.

Job Tags: MS Office, Αγγλικά, Ελληνικά, Κύπρος, Λεμεσός