Sr. Accountant

2 weeks ago

Dubai, Dubai, United Arab Emirates The Luxe Developers Full time

Get AI-powered advice on this job and more exclusive features.

Senior Accountant – Job Responsibilities

Position Overview: As a Senior Accountant at Luxe Developers, you will be responsible for overseeing and managing the company's financial activities, ensuring accuracy in reporting, and compliance with industry-specific regulations. You will collaborate with various departments to provide financial insights that support business growth and project success in real estate development.

Key Responsibilities:

  • Prepare and analyze monthly, quarterly, and annual financial statements for the organization.
  • Ensure compliance with generally accepted accounting principles (GAAP) and relevant real estate accounting standards.

Budgeting & Forecasting:

  • Work closely with project managers and senior leadership to develop and manage budgets for real estate development projects.
  • Monitor budget variances and provide insights into cost control and profitability.

Cash Flow Management:

  • Oversee cash flow projections and management to ensure proper cash planning for project funding and company operations.
  • Manage loan draw schedules and ensure timely submissions for real estate development financing.
  • Generate regular reports on cash flow and collection performance.

Cash Collection:

  • Manage and oversee cash collections from customers.
  • Ensure timely collection of payments and follow up on outstanding invoices.
  • Maintain accurate records of transactions and reconciliations.

Cost Accounting:

  • Maintain accurate cost accounting for all development projects, including cost allocations, vendor payments, and project margins.
  • Review and approve construction draws, vendor invoices, and subcontractor payments.

Tax Compliance:

  • Ensure timely filing of all tax returns, including corporate taxes.
  • Coordinate with external tax advisors and auditors to ensure compliance with local, state, and federal regulations.
  • Perform bank reconciliations and ensure all cash movements are accurately reflected in the books.
  • Investigate discrepancies and resolve issues related to payments.

Project Accounting:

  • Set up and manage job cost tracking systems for each development project.
  • Track project progress, report on project profitability, and ensure timely reconciliation of accounts.
  • Coordinate and manage internal and external audits to ensure accurate financial reporting.
  • Maintain proper documentation and records for all real estate transactions and audits.

Lender & Investor Relations:

  • Prepare financial reports and schedules required by lenders and investors, including loan compliance and performance metrics.
  • Act as a liaison between the company and financial institutions to manage credit lines, loans, and investor communications.

Regulatory Compliance:

  • Ensure compliance with real estate regulations, including property management accounting, tenant billing, and lease agreements.
  • Stay updated on changes in accounting standards and real estate laws that may impact financial reporting.

Team Management & Development:

  • Provide leadership and guidance to junior accounting staff and support their professional development.
  • Work with the finance team to continuously improve financial processes and internal controls.

Skills and Qualifications:

  • Bachelor's degree in accounting, Finance, or related field (CPA preferred).
  • Minimum of 5-7 years of accounting experience, preferably in real estate or construction.
  • Strong knowledge of GAAP, IFRS and real estate accounting standards.
  • Proficiency with accounting software (e.g., Tally, QuickBooks, Advance Excel).
  • Excellent analytical and problem-solving skills.
  • Ability to work under tight deadlines and manage multiple projects simultaneously.

How to Apply: Send in Resumes on careers@theluxedevelopers.ae

Seniority level: Mid-Senior level

Employment type: Full-time

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