Bilal Alsayed

Otad Real Estate Company Riyadh Saudi Arabia | January 2026 - Present
• Managed comprehensive accounting operations for real estate development and property management portfolios, oversaw the preparation of financial reports and budgeting, and ensured compliance with regulatory requirements for multiple ongoing projects
• Led real estate development accounting operations, including the percentage-of-completion method and progress billing (statements of account), and processed contractor payments while ensuring accurate allocation of costs and recognition of revenue across development phases
• Overseeing property management accounting operations, including tracking rental revenue, managing tenant receivables, accounting for lease agreements, and allocating common area maintenance costs
• Oversee maintenance accounting and facilities management, track work orders, vendor invoices, and preventive maintenance schedules, and ensure proper capitalization versus expense classification for property improvements
• Implement and improve a system for real estate operations and standardize processes for property management, development projects, contract management, and financial reporting to streamline workflows and enhance data accuracy
• Prepare comprehensive financial reports, including monthly management accounts, project-level profitability analysis, cash flow forecasts, and variance analysis to support strategic decision-making
• Ensure full compliance with the laws of the Saudi Arabian Value Added Tax Authority (ZATCA) regarding real estate transactions, including value-added tax on real estate sales, rental income, contractor payments, and electronic invoices

Value Added:

• Manage the creation and processing of invoices, ensuring timely and accurate financial transactions.

• Track customer accounts diligently, exporting debtor data reports to enhance financial record-keeping and accountability.

• Produce detailed monthly sales reports, offering comparative analysis to uncover trends and inform strategic business decisions.

• Maintain and update customer account information, facilitating seamless communication and support for management reporting.

• Collaborate with cross-functional teams to optimize financial processes and enhance overall operational efficiency.

• Leverage analytical skills to identify areas for improvement, driving initiatives that contribute to financial health and organizational growth.

• Managed point-of-sale operations, ensuring accurate transactions and customer satisfaction.
• Conducted daily financial reconciliations to maintain precise accounting records.
• Developed and monitored branch budgets, optimizing resource allocation and financial planning.
• Executed bank note settlements, ensuring compliance with financial regulations.
• Utilized MS 365 Dynamic for efficient data management and reporting.
• Compiled and communicated detailed reports on product needs, enhancing inventory management and procurement processes.
• Contributed to a streamlined financial workflow, improving overall branch efficiency and performance.

• Proven track record in facilitating the establishment and registration of new companies, ensuring adherence to local regulations and legal requirements.

• Skilled in coordinating with government authorities and stakeholders to streamline the operational setup process.

• Demonstrated ability to manage documentation and compliance processes efficiently, reducing setup time and enhancing operational readiness.

• Strong understanding of financial regulations and accounting principles, contributing to robust financial management from inception.

• Committed to fostering positive relationships with regulatory bodies to support ongoing compliance and operational success.