Auditor/Chartered Accountant

Responsibilities:

• Conduct comprehensive audits of real estate transactions, projects, subsidiaries, and business units to ensure financial accuracy, compliance, and proper application of internal controls.
• Review property sales transactions, customer payment schedules, deposits, instalment payments, outstanding balances, refunds, and revenue recognition.
• Audit and reconcile property sales and customer receivables to ensure all collections are accurately captured and properly allocated to customer accounts.
• Review project accounts and monitor project costs, including land acquisition, construction, infrastructure, professional fees, approvals, consultants, contractors, and other development expenses.
• Verify project expenditures against approved budgets, contracts, work orders, and project milestones and identify cost overruns or irregular expenditure.
• Review the financial performance and profitability of individual real estate projects and provide management with variance analysis and recommendations.
• Conduct audits of land acquisition transactions, including payments, documentation, associated costs, and supporting approvals.
• Review payments to contractors, consultants, suppliers, and service providers and verify that payments are supported by appropriate documentation and approvals.
• Assess controls around property inventory, unsold units, completed developments, work-in-progress, and other real estate assets.
• Perform periodic reconciliation of customer accounts, bank collections, property sales records, and the organisation’s accounting records.
• Monitor compliance with approved budgets and financial policies across property development and other operational activities.
• Review joint venture, partnership, development, and property-related agreements from a financial and control perspective.
• Liaise with project, commercial, sales, finance, procurement, and legal teams to investigate and resolve financial and audit issues.
• Coordinate with external auditors, tax consultants, and other professional advisers during statutory audits and financial reviews.
• Prepare detailed audit findings, management reports, and recommendations for improving financial controls and project profitability.
• Track implementation of audit recommendations and report outstanding control issues to Management.

Requirements:

• Bachelor’s degree in Accounting, Finance, or a related field.
• Must be a Chartered Accountant (ACA/ACCA) with relevant professional membership.
• 3-6 years of relevant experience, with significant experience in real estate, property development, construction, or a related industry.
• Proven experience auditing real estate development projects from land acquisition through construction, sales, completion, and handover.
• Experience reviewing project budgets, development costs, contractor payments, project profitability, and cost variances.
• Strong understanding of financial controls around property sales, customer collections, receivables, and property inventory.
• Knowledge of applicable Nigerian accounting standards, tax regulations, and financial reporting requirements.
• Strong proficiency in Microsoft Excel and accounting/ERP systems.
• Excellent analytical, investigative, and financial reporting skills.
• Strong ability to identify financial leakages, irregularities, and control weaknesses.
• Excellent communication and stakeholder management skills.