Chief Accountant

4 weeks ago


United Arab Emirates Lakhraim Group Full time

As a Chief Accountant in the real estate industry, you will oversee financial health, manage accounting entries, month-end closings, and prepare management reports. Your role will involve financial oversight of property transactions, tenancy contracts, and real estate revenue streams. Responsibilities include ownership of annual audits, preparation of budgets and forecasts, and contribution to monthly MIS reports, including variance analysis. Additionally, you will ensure compliance with real estate financial regulations and oversee VAT reporting for property transactions.
Key Job Responsibilities

  • Executing month-end closing procedures to ensure accurate financial reporting for real estate operations.
  • Monitoring receivables from tenants and property buyers to ensure timely collections.
  • Preparing detailed real estate-focused monthly management reports, including revenue from leasing, property sales, and service charges.
  • Collaborating with cross-functional teams, including property management and leasing, to ensure accurate financial reporting.
  • Conducting variance analysis to compare budgeted figures with actual performance, considering real estate market trends.
  • Leading the annual statutory audit process, ensuring compliance with IFRS and real estate financial regulations.
  • Preparing cash flow projections to monitor debt servicing and property investment returns.
  • Reviewing tenancy contracts to ensure proper documentation and financial recording.
  • Overseeing property-related invoices and payments, ensuring compliance with company policies and SOPs.
  • Ensuring accurate integration between CRM and finance modules, particularly for rental income and property sales transactions.
  • Preparing annual and monthly P&L budgets for real estate operations.
  • Preparing and submitting quarterly VAT returns, ensuring compliance with real estate tax regulations.
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