Confidential Company
Company: Confidential Company
Location: Dubai · UAE
Category: Real Estate – Construction & Building
Job Description: **Accountant – Real Estate Industry**
**Job Summary:**
A reputable organization within the United Arab Emirates’ Real Estate sector seeks a diligent and experienced Accountant to contribute to its expanding team. The successful candidate will possess a comprehensive understanding of accounting principles, demonstrate exceptional organizational capabilities, and exhibit proficiency in managing concurrent tasks within a dynamic setting. This individual will play a pivotal role in upholding the integrity of financial records, supporting informed managerial decision-making, and ensuring strict adherence to accounting regulations promulgated within the UAE. A minimum of three (3) to five (5) years of relevant experience within the Real Estate or Construction industry is required.
**Key Responsibilities:**
* **Financial Reporting:** Prepare and maintain accurate and timely financial statements, encompassing balance sheets, income statements, and statements of cash flow. Contribute to the compilation of periodic (monthly, quarterly, and annual) financial reports. Conduct thorough reviews of financial transactions to verify proper accounting treatment and adherence to corporate policies and prevailing UAE regulations.
* **General Ledger Management:** Oversee the management of the general ledger, ensuring the accurate and prompt recording of all financial transactions. Perform regular reconciliation of bank accounts, petty cash holdings, and other pertinent accounts to ensure accuracy and integrity. Implement appropriate allocation of expenses and income to relevant cost centers and projects.
* **Accounts Payable & Receivable:** Process and verify invoices to facilitate timely disbursement of payments to vendors and contractors. Monitor accounts receivable and proactively pursue overdue payments, collaborating closely with the sales department to ensure efficient collections. Maintain meticulous records of payments, receipts, and invoices.
* **Budgeting & Forecasting:** Provide support in the development of annual budgets and forecasts. Track and analyze actual financial performance against established budgetary targets, furnishing management with actionable recommendations for necessary adjustments. Assist project managers in the monitoring of project costs, thereby ensuring robust financial control over construction and real estate ventures.
* **Taxation & Compliance:** Support the preparation of Value Added Tax (VAT) returns and ensure full compliance with applicable UAE tax regulations. Prepare and submit mandated reports (monthly, quarterly, and annual) to relevant UAE government authorities. Maintain all financial records in accordance with local accounting standards and statutory requirements.
* **Project Accounting:** Track and report on the financial performance of active construction and real estate projects. Allocate costs to specific projects and ensure the accurate capitalization of all project-related expenditures. Liaise with project managers to ensure the financial aspects of each project align with approved budgetary allocations.
* **Audit & Internal Controls:** Assist with both internal and external audits by providing necessary financial documentation and coherent explanations. Ensure the effective implementation and rigorous enforcement of internal controls to safeguard company assets and mitigate the risk of fraudulent activities. Continuously evaluate and recommend enhancements to existing accounting processes and systems to optimize efficiency and accuracy.