Real Estate Accountant

2 months ago

Abu Dhabi, United Arab Emirates Bloomfields Facilities Management LLC Full time

**Job Summary**:
**Responsibilities: -**
- Prepare and maintain accurate financial records for real estate transactions, including property acquisitions, sales, rentals, and leases.
- Conduct regular reconciliations of bank statements, accounts receivable, and accounts payable related to **real estate operations.**
- Monitor and analyze real estate revenue and expenses, ensuring accuracy and adherence to budgetary guidelines.
- Assist in the preparation of financial reports, such as income statements, balance sheets, and cash flow statements, specifically related to real estate activities.
- Ensure compliance with relevant accounting standards and regulations specific to the real estate industry.
- Collaborate with sales and real estate agents to gather necessary financial information and support their operational needs.
- Assist in the preparation and submission of tax returns, including property tax assessments, sales tax, and income tax related to real estate transactions.
- financial analysis and recommendations for real estate investment opportunities and capital expenditure projects.
- Monitor and track lease agreements, rent payments, and tenant-related financial matters.
- Participate in the annual budgeting and forecasting process for real estate portfolios.
- Perform periodic audits and internal control reviews to ensure accuracy, efficiency, and compliance.
- Stay updated with industry trends, changes in accounting regulations, and best practices in real estate accounting.

**Requirements**:

- Bachelor's degree in Accounting, Finance, or a related field.
- Minimum of 2 years of experience in real estate accounting or a similar role.
- Solid knowledge of real estate financial processes, including property transactions, leases, and rental income management.
- Strong understanding of generally accepted accounting principles (GAAP) and real estate accounting standards.
- Excellent attention to detail and analytical skills.
- Ability to work independently and meet deadlines in a fast-paced environment.
- Effective communication and interpersonal skills to collaborate with cross-functional teams and external stakeholders.
- CPA (Certified Public Accountant) designation or progress towards obtaining it is preferred

**Salary**: From AED4,000.00 per month

Ability to commute/relocate:

- Abu Dhabi: Reliably commute or planning to relocate before starting work (required)

**Experience**:

- Real Estate Accounting: 2 years (required)

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