UPDC Facility Management Limited (UPDC-FM) provides professional facility management services across residential and commercial properties, with a focus on operational efficiency, asset preservation, and quality service delivery.
We are recruiting to fill the position below:
Job Title: Estate Accountant
Location: Lagos Employment Type: Full-time Industry: Facility Management / Real Estate
Job Summary
We are seeking a qualified and experienced Chartered Accountant to oversee the financial operations of a residential estate.
The successful candidate will be responsible for financial reporting, budgeting, service charge administration, revenue monitoring, expenditure control, reconciliations, and ensuring compliance with applicable accounting standards and financial regulations.
The ideal candidate must demonstrate strong financial management skills, integrity, attention to detail, and the ability to maintain accurate financial records while supporting the effective financial management of the estate.
Key Responsibilities
Prepare and maintain accurate financial records, accounts, and supporting documentation for the estate.
Develop and monitor estate budgets, operating expenses, and periodic financial forecasts.
Monitor service charge collections, residents’ payments, outstanding balances, and other estate-related revenue.
Prepare and issue financial reports, including income and expenditure statements, cash flow reports, budget performance reports, and management accounts.
Reconcile bank statements, cash transactions, ledgers, and other financial records.
Monitor estate expenditure and ensure that payments are properly authorised and supported by relevant documentation.
Manage accounts payable and receivable, including vendor invoices, supplier payments, and outstanding resident obligations.
Analyse expenditure trends and recommend cost-control measures to improve operational efficiency.
Ensure timely preparation of financial statements and compliance with applicable accounting standards, tax obligations, and statutory requirements.
Maintain proper documentation for audit purposes and coordinate internal and external audit processes.
Work closely with the estate and facility management teams to provide financial insights for operational decision-making.
Monitor financial controls and recommend improvements to reduce errors, fraud risks, and financial irregularities.
Prepare periodic reports on service charge utilisation and provide financial information required by management and other authorised stakeholders.
Ensure that estate funds are properly accounted for and used in line with approved budgets and policies.
Requirements and Qualifications
Bachelor’s Degree or HND in Accounting, Finance, or a related discipline.
Must be a Chartered Accountant with a recognised professional accounting qualification, such as ICAN or ACCA.
Minimum of 3–5 years of relevant accounting experience, preferably in facility management, property management, real estate, or residential estate operations.
Strong knowledge of financial reporting, budgeting, bank reconciliation, accounts payable and receivable, and internal controls.
Experience managing service charge collections, estate operating expenses, and vendor payments is highly desirable.
Proficiency in Microsoft Excel and accounting software.
Good understanding of applicable tax regulations, statutory reporting, and accounting standards.
Excellent analytical, organisational, and problem-solving skills.
High level of integrity, confidentiality, and accountability.
Ability to work independently and meet reporting deadlines.
Key Competencies:
Financial reporting and analysis
Budget preparation and cost control
Service charge and revenue management
Financial compliance and internal controls
Audit coordination
Reconciliation and financial documentation
Attention to detail and integrity
Stakeholder communication.