Accounts Payable Officer

Accounting Limassol

Job Description

Our client 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 they continue to grow, they are looking for an Accounts Payable Officer to own the AP function end-to-end across their project SPVs and the parent company.

This is a hands-on role sitting within the Finance team, reporting directly to the Financial Controller. You will be responsible for the accurate and timely processing of all supplier invoices, contractor payments, and creditor reconciliations across the group.

 

Reference #: GC006105

Job Responsibilities

Invoice Processing
  • Receive and process supplier and contractor invoices across all SPVs and the parent company
  • Verify invoices against purchase orders, contracts, and supporting documentation
  • Post invoices to the correct SPV, cost account, and cost center
  • Enter invoices accurately and timely into SAP Business One
Approval Workflow
  • Route invoices for approval per the company's authority matrix
  • Follow up with approvers to ensure timely sign-off
  • Ensure no payment is processed without proper approval
Payments
  • Prepare weekly payment runs and ad-hoc urgent payments
  • Prepare bank payment files and process online banking payments
  • Reconcile payments back to invoices in SAP
  • Process contractor payments in line with pre-verified interim payment certificates received from the Technical team
Reconciliations
  • Perform quarterly creditor reconciliations against supplier statements
  • Reconcile the AP subledger to the General Ledger
  • Investigate and resolve discrepancies
VAT & Compliance
  • Ensure correct VAT treatment on all invoices (standard, reduced, reverse charge, zero-rated)
  • Ensure invoices meet Cypriot tax invoice requirements before entry
  • Support the Financial Controller on VAT return preparation
Supplier Master Data
  • Maintain the supplier master file, ensuring accurate and up-to-date records (bank details, VAT numbers, contact information)
Documentation & Audit
  • Maintain organized digital records of all invoices, approvals, and payment proofs
  • Ensure AP records are audit-ready year-round
  • Support internal and external audit queries relating to payables

Requirements

  •  2–4 years of relevant experience in Accounts Payable, ideally in a multi-entity environment
  • Solid understanding of Cypriot VAT rules
  • Working knowledge of SAP Business One (or a comparable ERP)
  • Strong Excel skills
  • High attention to detail and strong organizational skills
  • Ability to work independently and manage a full function without daily supervision
  • Fluent English and Greek
Preferred
  • Experience in real estate, construction, or development
  • Experience processing contractor invoices and interim payment certificates
  • LCCI Higher, part-qualified ACCA/AAT, or a degree in Accounting/Finance

Benefits

  • Full ownership of the AP function across a portfolio of 20+ SPVs
  • Direct reporting line to the Financial Controller
  • Exposure to a fast-moving, high-volume real estate group
  • Competitive salary
  • Performance-based bonus scheme
  • A collaborative, professional Finance team
  • Career progression as the company grows
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