Finance Manager
5 days ago
Audit the journal entries, adjustments, and accruals related to development and brokerage transactions, ensuring adherence to accounting standards and contractual agreements.
**Financial Reporting Support**:
- Collaborate with the finance team to prepare accurate and timely financial statements for development and brokerage divisions, including income statements, balance sheets, and cash flow statements.
- Provide detailed supporting schedules and analyses for development and brokerage-related accounts and disclosures, facilitating comprehensive financial reporting.=
**Project Cost Tracking and Analysis**:
- Track and analyze project costs, revenues, and profitability for development projects and brokerage transactions, providing insights and recommendations to management for performance evaluation and decision-making.
- Monitor project budgets, forecasts, and actual expenditures, identifying variances and implementing corrective actions as necessary to ensure financial objectives are met.
**Revenue Recognition and Contract Accounting**:
- Review and verify revenue recognition criteria and contract terms for development projects and brokerage transactions, ensuring compliance with accounting standards and regulatory requirements.
- Coordinate with project managers and brokers to assess revenue recognition milestones, contract modifications, and revenue deferral or recognition adjustments as needed.
**Month-End and Year-End Closing for Development and Brokerage**:
- Lead month-end and year-end closing activities specific to development and brokerage operations, such as reconciling revenue and expense accounts, recording accruals, and preparing financial reports.
- Coordinate with internal departments and external stakeholders to ensure timely and accurate completion of closing procedures, supporting financial reporting deadlines.
**Cost Allocation and Analysis**:
- Allocate shared costs and expenses across development and brokerage divisions, ensuring appropriate cost allocation methods and accurate expense reporting for each business segment.
- Analyze cost variances, trends, and drivers within development projects and brokerage transactions, providing insights and recommendations for cost optimization and profitability enhancement.
**Compliance and Audit Support**:
- Ensure compliance with accounting standards, regulatory requirements, and internal policies governing development and brokerage operations.
- Support internal and external audits by providing documentation, explanations, and analyses related to development projects and brokerage transactions and balances.
**Qualifications and Skills**:
- Professional qualification such as **ACCA, CA, CPA,** or equivalent is preferred.
- Minimum **3**to **5**years of experience in accounting or finance roles, with a focus on general ledger management and financial reporting in the real estate development & brokerage industry in UAE.
- Solid understanding of accounting principles and practices relevant to real estate development and brokerage businesses, including revenue recognition, project accounting, and contract management.
- Proficiency in accounting software and ERP systems, with advanced skills in Microsoft Excel.
- Strong analytical and problem-solving abilities, with a keen attention to detail and accuracy in financial data analysis.
- Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams and present complex financial information clearly and concisely.
- Ability to prioritize tasks, meet deadlines, and adapt to changing priorities in a dynamic real estate development and brokerage environment.
- Commitment to continuous learning and professional development in accounting practices and standards relevant to real estate development and brokerage businesses.
Pay: From AED10,000.00 per month
Application Question(s):
- Can you Join Immediately
**Education**:
- Master's (required)
**Experience**:
- Real Estate: 3 years (preferred)
- Finance manager: 2 years (preferred)
- Yardi or Odoo: 1 year (preferred)
License/Certification:
- CA/CMA/ACCA or similiar certifications (required)
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