About Square One

Limassol, Cyprus  |  On-site  |  Full-time  |  Reports to Financial Controller and CFO

SquareOne is one of Limassol's most active residential real estate developers, with 20+ projects underway across multiple SPVs and a team of ~35 across Commercial, Finance, Technical, Legal, Sales, Marketing, and Customer Care. As we continue to grow, we are strengthening our finance function and invite motivated, precise professionals to join our dynamic team.

Role Overview

The Accounts Receivable Officer owns the day-to-day receivables cycle across Square One’s development projects from issuing invoices and receipts against contract and construction milestones, to applying incoming payments, driving collections, and keeping client balances accurate and reconciled. Reporting to the Financial Controller, this is a hands-on, detail-critical role where responsiveness, reliability, and precision with numbers are essential.

Key Responsibilities

Invoicing & Receipts

• Issue invoices: Issue invoices accurately and promptly against contract milestones, reservations, contracts of sale, and construction milestones.
• Issue receipts: Issue receipts immediately upon confirmation of payment, ensuring each receipt is correct and traceable to the right client and unit.
• Milestone evidence: Before triggering any milestone-based invoice, compile and provide the supporting proof of completion to the client architect’s letter or certificate, progress report, permit issuance, or equivalent documentation.

Cash Application

• Receipt matching: Match incoming bank receipts to the correct client, unit, milestone, and project (SPV) bank account.
• Mortgage & bank disbursements: Track and apply buyer mortgage drawdowns and staged bank disbursements that arrive outside the contractual payment timeline.

Collections

• Active collections: Run a structured collections cycle reminders, follow-ups, and a clear escalation ladder to keep overdue balances to a minimum.
• Late payment & escalation: Calculate and apply contractual late-payment interest, and flag persistent defaulters to the legal team.

VAT & Compliance

• VAT per unit: Apply the correct VAT rate per unit (reduced vs standard) based on buyer eligibility, track which units qualify, and manage reclassification where a buyer’s status changes.

Contract Lifecycle

• Contract events: Record cancellations, refunds, contract variations, and assignments/resales accurately and on time in the ledger.
• Reservations: Track reservation fees through to their conversion into a contract of sale.

Reconciliation

• Client balances: Maintain client balances live and produce regular aging reports.
• Month-end & ledger: Perform month-end client balance reconciliations and reconcile the AR sub-ledger to the general ledger.
• Bank & deposits: Carry out bank reconciliations per project (SPV) and reconcile deposits and contract liabilities in line with the cash-collection method.

Reporting & Forecasting Support

• Reporting: Report to the Financial Controller with aged debtor listings, collection status, and reconciliation outputs.

• Forecasting support: Assist the FP&A Associate with collection forecasts that feed the project cash flow models.

Requirements

• Core attributes (essential): Responsive and reliable in all scenarios; fast and dependable in issuing invoices and receipts; meticulous and trusted to be correct with numbers.

• Education: Accounting qualification (LCCI Higher, part-qualified ACCA, or equivalent) or a degree in Accounting, Finance, or a related field.

• Experience: 2–4 years in accounts receivable, billing, or collections, ideally with exposure to real estate or construction milestone invoicing.

• Systems: Experience with SAP (HANA preferred) and strong working knowledge of Microsoft Excel.

• Languages: Fluent Greek and English, both written and spoken.

Benefits

What We Offer

• The most senior finance seat in a fast-growing developer, reporting directly to the CEO with shareholder exposure
• Ownership of the Finance function across 20+ SPVs and the parent company
• Real influence over how the company is run, not just reported on
• Competitive salary aligned with seniority
• Performance-based bonus scheme
• Paid Sport’s Benefit Membership (Access to 350 gyms/hotels/tennis courts etc across the island)
• A collaborative, professional team and a long runway as the company grows