Real Estate Accountant

7 months ago


Dubai, United Arab Emirates Haus 51 Real Estate Full time

**Duties and Responsibilities**

1. Record and maintain accurate financial transactions in accordance with established procedures. Assist in budgeting and forecasting activities to support strategic financial planning.

2. Ensure compliance with local and international accounting standards and regulations.

Collaborate with internal teams to gather financial information and support decision-making processes. Contribute to the continuous improvement of financial processes and systems.

3. Summarize current financial status by collecting information; and preparing balance sheet, profit and loss statement and other reports. Verify, allocate, post, and reconcile transactions. Participate in financial standards setting and in the forecast process.

4. Support month-end and year-end close process. Develop and document business processes and accounting policies to maintain and strengthen internal controls.

5. Facilitate all incoming payments from the developers, including printing, obtaining signatures for, and depositing the cheques into our bank account

6. Follow up with vendors for accounts payable and keep in touch as needed for collections and ensure bills are paid on time by developers.

7. Prepare for quarterly reporting using standard best practices and assist management in monthly closings, submit VAT reports on the Federal Tax Authority portal by providing all issued Tax Invoices and paid bills and be in contact with our Bank to provide required documents related to some deals if required.

8. As an AML officer you have to detect suspicious transactions, conduct risk assessments, monitor the company's activities, submit relevant reports to concerned authorities, and provide AML training to employees for AML-CFT Regulations, Guidelines and Policies.

9. Submitted various reports like Funds Freeze Report (FFR), Partial Name Match Report (PNMR), High-Risk Country Report (HRC), High-Risk Country Activity Report (HRCA), Dealers in Precious Metals and Stones Report (DPMSR) and Real Estate Activity Report (REAR) to the Financial Intelligence Unit, UAE.

10. The AML officer needs to review and evaluate data of suspicious accounts that might be concealing money laundering. The officers can report the data to the Financial Intelligence Unit depending on the case. The transaction might be continued, and they need to state the reasons for their research. They need to collaborate with the supervisory authority to provide all the relevant data.

11. Reviews the internal rules and processes to prevent financial crimes. He/she also needs to update the relevant authorities and comply with the latest rules and regulations.

13. Must have to decide whether sufficient suspicion is required to generate reports on money laundering and also to disclose it to the relevant authorities properly. Money laundering, terrorist financing (AML / CTF), and fraud prevention They must ensure its customers know and execute Customer Due Diligence ("CDD"). Collaborate with the Supervisory Authority and FIU, provide them with all requested data, and allow their authorized Employees to view the necessary records and documents that will allow them to perform their duties.

**Requirements and Skills**
- Bachelor's degree in Accounting or related field and Professional Accounting certification (CPA, CMA, ACCA) is a plus
- Must have a strong understanding of AML/CTF regulations, compliance frameworks, and industry standards.
- Relevant certifications such as CAMS (Certified Anti-Money Laundering Specialist) or CFE (Certified Fraud Examiner) may also be beneficial
- Must have minimum 2 year of UAE Real Estate market experience with strong knowledge of accounting principles and practices in financial reporting and analysis
- Proficiency in MS Excel and accounting software
- Attention to detail with Adaptability and Organizational skills
- Analytical and Critical thinking skills
- Time management skills and good Communication skills
- Attention to detail and accuracy
- Ability to work independently and as part of a team

**Salary**: AED5,000.00 - AED7,000.00 per month

**Experience**:

- UAE Real Estate Accounting: 3 years (preferred)



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