Accountant

Description

Horizon Developers is seeking an experienced Accountant to join their finance team and oversee comprehensive financial reporting and compliance tasks. This role demands a professional with a solid background in Generally Accepted Accounting Principles and International Financial Reporting Standards, capable of managing all aspects of month-end and year-end close processes. The Accountant will handle accounts payable and receivable functions, maintain the general ledger, and ensure accurate financial statement preparation. Proficiency in ERP financial systems such as SAP or Oracle and advanced Microsoft Excel skills is essential. The Accountant will also play a key role in audit support, tax compliance, and financial analysis, contributing critical insights to uphold financial integrity and support strategic decision-making. The position includes leadership responsibilities, managing a team to drive efficiency and accuracy in financial operations. The ideal candidate possesses at least four years of relevant experience in accounting, demonstrates strong analytical skills, and excels in coordinating accounting compliance and reconciliation activities. Horizon Developers seeks a detail-oriented and organized professional capable of interpreting accounting standards and ensuring adherence to financial reporting policies. This dynamic role offers an opportunity to contribute significantly to the company’s financial health and operational success.

Responsibilities

1. Rental Income Management

• Maintain a tenant ledger for every property and unit, including rent, security deposits, advances and escalations.
• Issue rent invoices and receipts on time, and track collections against due dates.
• Follow up on overdue rent and prepare monthly arrears and aging reports.
• Record security deposits and advance rent correctly, and handle adjustments and refunds when tenants leave.
• Monitor lease expiry and rent-increase dates and alert management in advance.

2. Utility Bills and Operating Expenses

• Track and pay electricity (LESCO), gas (SNGPL), water (WASA), internet and telephone bills for all properties.
• Check bills for errors, meter discrepancies and unusual consumption.
• Where utilities are sub-metered or recovered from tenants, calculate and bill the recoveries accurately.
• Pay and record other recurring costs such as security, cleaning, insurance and generator fuel.

3. Maintenance and Contractor Payments

• Record and process payments to contractors, vendors and service providers, with proper approvals and supporting documents (quotations, work orders, invoices, completion confirmations).
• Track maintenance budgets per building and flag overruns.
• Apply the correct withholding tax on contractor and vendor payments and keep the related records.
• Maintain vendor ledgers and reconcile them regularly.

4. Payroll and Staff Costs

• Prepare monthly salary sheets for building staff, security, cleaners, maintenance and office employees.
• Calculate attendance-based deductions, overtime, advances, bonuses and allowances.
• Deduct and deposit income tax on salaries and manage statutory contributions (EOBI, social security / PESSI, where applicable).
• Maintain staff records, loan and advance ledgers, and final settlements.

5. Bookkeeping and Financial Reporting

• Maintain complete and up-to-date books of account using accounting software (e.g. QuickBooks, Tally, Xero or equivalent) and Excel.
• Record all cash, bank and petty-cash transactions daily; keep proper vouchers and supporting documents.
• Perform monthly bank reconciliations and reconcile tenant, vendor and loan accounts.
• Prepare monthly management reports: income and expense statement per property, cash flow, receivables, payables and budget vs. actual.
• Prepare financial statements for year-end and coordinate with external auditors or tax consultants.
• Maintain a safe, organised filing system (physical and digital) for all financial records.

6. Taxation and Compliance

• Prepare and file annual income tax returns for the business and its owners with the FBR through IRIS, in line with the Income Tax Ordinance, 2001.
• Ensure rental income, deductions and withholding taxes are correctly computed and reported.
• Handle withholding tax on rent, salaries, contractors and other payments, including timely deposit and filing of monthly or quarterly withholding statements.
• Manage sales tax on services (Punjab Revenue Authority) where applicable to rental or related services, including registration, invoicing and monthly returns.
• Keep track of property-related taxes and levies (such as property tax and local government charges) and ensure they are paid on time.
• Respond to tax notices and assist with audits, in coordination with the company's tax advisor.
• Stay current with changes in federal and provincial tax law, including those introduced in each Finance Act, and advise management on their impact.

7. Budgeting, Cash Flow and Controls

• Help prepare annual and monthly budgets for each property.
• Forecast cash flow and plan payments so that obligations are met on time.
• Maintain internal controls: payment approvals, segregation of duties where possible, and cash handling procedures.
• Identify cost-saving opportunities and suggest improvements to financial processes.

8. Other Duties

• Assist with loan, bank and financing documentation where needed.
• Coordinate with lawyers, auditors, banks and tax consultants.
• Help maintain lease agreements and property-related documents from the financial side.
• Any other finance-related tasks assigned by management.

Experience

4 Years

Apply By

Dec 10, 2026

Required Skills

• Journal Entry Analysis
• Problem Solving
• Leadership
• Communication
• Time management
• Balance Sheet Account Reconciliation
• Financial Reporting Policy Analysis
• Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS)
• Month-End Close and Reconciliation
• Accounting Compliance and Reconciliation
• Financial Statement Preparation
• Accounting Standards Interpretation
• Spreadsheet-Based Variance and Exception Analysis
• Microsoft Excel (SUMIFS, XLOOKUP, PivotTables)
• Financial Reporting
• ERP Financial Systems (SAP or Oracle)
• General Ledger Management
• ERP-Based Financial Reporting
• Balance Sheet Reconciliation
• Formula-based account reconciliation
• Financial Spreadsheet Modeling
• Audit Support
• Tax Compliance
• Microsoft Excel
• Accounts Payable and Accounts Receivable
• Month-End and Year-End Close
• Generally Accepted Accounting Principles (GAAP)