Accountant - Construction & Development

7 months ago


Dubai, United Arab Emirates DLMC CONSULTANTS LLC Full time

Our Valued Client is looking for an Accountant with experience in a construction & development company.

Ultimately, you will provide us with accurate quantitative information on financial position, liquidity and cash flows of our business, while ensuring we’re compliant with all tax regulations.

**Responsibilities**:

- Managing accountants to finalize accounts payable and receivable modules in accounting software.
- Perform the accounts payable and receivable processing cycle from checking invoices to authorizing payments or receipts.
- Control of payments through several escrow accounts of owner associations.
- Registration of land collateral in DLD and work with the bank to obtain a mortgage. Managing the books of accounts of multiple owners associations, from recording accounts and payments to finalizing accounts and coordinating with statutory audits.
- ⁠Control of accruals related to the project, accruals for advances from suppliers, accruals for general expenses, etc. on a monthly basis.
- Develop and prepare multiple accounts payable and accounts receivable reports for MIS reporting, quarterly and annual close.
- ⁠Monthly closing of receivables and payables for MIS reporting and VAT return filing. Oversee project accounting activities and reconcile final reports of contractors and related parties in coordination with the Commercial and Contract Manager.
- ⁠Allow verification of management fee invoices issued to various associations.
- Allow verification of purchase requisitions for issuing orders to suppliers.
- Checking balance sheet reconciliations of related parties, supplier/contractor reconciliations
- ⁠Verification and completion of registration and cancellation of journal vouchers in the general ledger.
- ⁠Answers to relevant questions raised by the VAT department on filing returns with the FTA.
- Coordination of work with internal and external/external auditors during quarterly and annual audits.
- Manage escrow accounts, including resolving issues related to receipt and payment.
- ⁠Manage the developer's Trust Account System (TAS) account introduced by the Dubai Land Department (DLD), which includes the following: Updating contractors, consultants and government authorities' TAS records | Supervision of payment processing via TAS | Reconciliation of payments and receipts with the general ledger.
- Supervise the filing and issuance of bank guarantees through TAS. Process consolidation and customer refunds through TAS.
- ⁠Coordinate with internal stakeholders including HR, legal, marketing, business development, VAT team and owner associations.

**Requirements and skills**
- _**Minimum 5 years in UAE in development company. **_
- Experience managing Trust Account System (TAS), which includes the following: Updating contractors, consultants and government authorities' TAS records
- Working knowledge on Tally (you will be doing a test on this before the interview should you pre-selected)
- Excellent knowledge of accounting regulations and procedures, including the Generally Accepted Accounting Principles (GAAP)
- Advanced MS Excel skills including Vlookups and pivot tables
- Experience with general ledger functions
- Strong attention to detail and good analytical skills
- BSc in Accounting, Finance or relevant degree
- Immediate Joiner

*Salary will be based on experience

**Salary**: AED10,000.00 - AED15,000.00 per month

Application Question(s):

- What is your Nationality?


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