Senior Accountant

2 weeks ago


Dubai, Dubai, United Arab Emirates Al Naboodah company Full time
Roles and responsibilities

The Senior Accountant will beresponsible for managing the accounts payable and accountsreceivable functions, preparing and posting journal entries,reconciling accounts, and ensuring the accuracy of financialreporting for the real estate operations.

The role involves overseeing daily financialtransactions, handling property-related income and expenses,managing tenant accounts, preparing VAT and tax returns, assistingwith budget preparation, and providing financial insights tosupport the real estate team and management.

The Senior Accountant will ensure that allfinancial processes are carried out in compliance with applicableaccounting standards, real estate industry regulations, and companypolicies.

JobAccountabilities

JournalEntries & General Ledger (GL)Management

  • Prepare andpost detailed journal entries to the general ledger, ensuring alltransactions are accurately recorded in compliance with IFRS andGAAP.
  • Oversee the reconciliation of ledgeraccounts to ensure proper matching of income and expenses withrelevantentries.

AccountsPayable & Accounts ReceivableManagement

  • Manage theaccounts payable process, including supplier invoices, payments forutilities (DEWA, Etisalat), administrative costs (fuel, penalties),and other operational expenses.
  • Ensure timelyand accurate processing of tenant rent receivables, refunds, andrelated payments.
  • Monitor and resolvediscrepancies in tenant accounts, ensuring accounts are reconciledand payments are correctlyapplied.

Income& ExpenseManagement

  • Oversee therecording and management of real estate-related income andexpenses, ensuring proper allocation of payments andreceipts.
  • Reconcile tenant accounts, includingincome and expenses, and provide assistance in day-to-day financialoperations related to real estatemanagement.

Tax&Compliance

  • Assist inpreparing VAT returns and corporate tax filings, ensuringcompliance with local tax regulations.
  • Ensureaccurate maintenance of required documentation for VAT andcorporate taxsubmissions.

FinancialReporting &Analysis

  • Assist in thepreparation of monthly financial statements, budgets, andmanagement information system (MIS) reports for real estateoperations.
  • Provide analysis on financial data,identifying trends, discrepancies, and areas forimprovement.
  • Prepare reports for seniormanagement, highlighting key financial metrics and performanceindicators.

ERP& Software SystemsManagement

  • Oversee thereconciliation of accounts and ensure the accurate entry offinancial data into the company's ERPsystem.
  • Utilize property management software tomanage tenant billing, payments, and financial dataefficiently.
  • Ensure all financial data isaccurately entered and maintained within accounting softwaresystems, such asOracle.

Vendor& Tenant AccountManagement

  • Follow upwith vendors to ensure timely payments and collections, maintaininga positive relationship with suppliers and serviceproviders.
  • Manage tenant communications relatedto payments, resolving any discrepancies or issues promptly andprofessionally

CheckManagement & FinancialDisbursements

  • Overseethe handling of receipts and outgoing checks, including obtainingsignatures, distributing checks, and ensuring properdocumentation.
  • Ensure all payments are made ontime and accurately recorded in the financialsystem.
Desired candidate profile
  • Bachelor's degree in Accounting,Finance, or a related field.
  • Professionalcertifications such as CPA, ACCA, or CMA arepreferred.
  • Additional training or certificationin real estate accounting is anadvantage

Experience

  • A minimum of 5-7 years of experiencein accounting, with at least 3 years in a senior accounting or realestate accounting role.
  • Prior experience in thereal estate industry is essential, with a deep understanding ofproperty accounting, tenant billing, and real estate-specificfinancial practices.
  • Proven experience in VAT,corporate tax, and financial reporting isrequired.

Knowledge &Skills

  • Strong knowledgeof IFRS and Generally Accepted Accounting Principles(GAAP).
  • Proficient in property managementsoftware and accounting software (e.g., Oracle,SAP).
  • Strong proficiency in Excel and dataanalysis, with the ability to manage large sets of financialdata.
  • Excellent written and verbalcommunication skills, with the ability to effectively interact withinternal teams and externalvendors/clients.
  • Solid understanding offinancial reporting, budgeting, and forecasting processes in realestate.
  • Ability to manage multiple tasks,prioritize effectively, and meetdeadlines.
Key Skills
Cost Accounting,AccountingAssistant,Accounting Topics
Employment Type: Full-time
Department / FunctionalArea: Accounting
Experience: years
Gender: Male
Vacancy: 1

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