Sales Accountant

Job Summary

The Sales Accountant role involves supporting the Sales department with comprehensive accounting duties related to sales operations. The candidate will ensure proper financial tracking, reconciliation, and reporting to facilitate smooth sales processes.

Key Responsibilities

• Generate sales collection receipts using SAP and ensure deposits to the bank are made the following day.
• Calculate commissions and process payments for brokers and staff according to agency agreements and sales commission policies.
• Review Sales Purchase Agreements (SPAs) to verify compliance with sales operation policies.
• Perform daily bank reconciliation for all sales project accounts.
• Conduct monthly reconciliation of customer balances.
• Prepare reconciliation reports and supporting documents for escrow agents concerning deposit transactions; provide relevant reports to auditors for escrow accounts.
• Compile monthly sales reports detailing units sold and available, collections, SPA status, and outstanding balances.
• Handle processing of post-dated cheque withdrawal requests via CRM and follow up on cheque receipt, coordinating client actions as necessary.
• Notify the collections team and monitor returned or bounced cheques from banks.
• Review and verify the checklist for title deed transfers.
• Calculate and post accounts receivable (AR) discounting on SAP at month-end.
• Manage the sales finance vault for secure storage of cheques.
• Approve waivers of late payment fees as authorized.
• Oversee transfer of Dubai Land Department fees and top-up Noqodi wallets to complete registration procedures.
• Ensure proper documentation of cheque details and verify received amounts match payment plans; obtain third-party declarations for third-party cheques.
• Prepare receipt vouchers for reservation deposits, post-dated cheques, final payments for sold units, and administration fee collections.
• Maintain thorough and accurate filing and documentation.
• Reconcile occupancy and availability lists between sales reports and SAP, collaborating with Sales for discrepancies.
• Support the development and implementation of improved sales process procedures.

Experience and Education

• Bachelor’s degree in Finance or related field required.
• Minimum of three years’ experience in a similar accounting role preferred.