ABOUT THE ROLE

The Senior Accountant will oversee day-to-day financial operations, maintain accurate financial records, ensure compliance with UAE VAT and regulatory standards, and support management with timely reporting and financial insights. The role requires a strong understanding of real estate accounting practices, including revenue recognition from property sales and leasing, project costing, and property management.

KEY RESPONSIBILITIES

· Financial Management: Maintain accurate financial records for all real estate transactions, including property sales, lease agreements, commissions, and escrow accounting.
· Bookkeeping & General Ledger: Record daily financial transactions related to real estate activities—sales, rental income, property expenses, and collections.
· Financial Statements: Prepare monthly, quarterly, and annual financial statements including profit & loss, balance sheet, and cash flow specific to real estate operations.
· Bank Reconciliation: Conduct bank reconciliations, including project accounts, ensuring proper fund allocation and compliance.
· Accounts Payable & Receivable: Manage real estate-specific AP/AR cycles—supplier payments, developer commissions, rental collections, and receivables aging.
· VAT & Tax Compliance: Ensure compliance with UAE VAT laws on real estate transactions including commercial/residential classifications and prepare VAT filings accurately.
· Budgeting & Forecasting: Assist in preparing project wise budgets, cash flow forecasts, and expense tracking for development and leasing projects.
· Audit Support: Coordinate with external auditors, preparing real estate-specific reports and supporting documents including tenancy contracts and escrow records.
· Management Reporting: Generate financial reports with KPIs on property sales, occupancy rates, rental yields, and project profitability.
· Cost & Margin Analysis: Provide analysis on project margins, cost controls, and pricing structures for real estate developments.
· Compliance & Documentation: Ensure adherence to RERA, DLD, and other regulatory body requirements in financial documentation and reporting.
· Ad-hoc Financial Support: Support leadership with data-driven financial insights for feasibility studies, investment decisions, and cost optimization initiatives.