Accountant (Real Estate)

2 weeks ago

Dubai, Dubai, United Arab Emirates Zed Capital Real Estate Full time

The Accountant will maintain accurate financial records, ensure compliance with UAE VAT and regulatory standards, and support management with timely reporting and financial insights. The role requires a strong understanding of real estate accounting practices, including revenue recognition from property sales and leasing, project costing, and property management.

Key Responsibilities:

· Financial Management: Maintain accurate financial records for all real estate transactions, including property sales, lease agreements, commissions, and escrow accounting.

· Bookkeeping & General Ledger: Record daily financial transactions related to real estate activities—sales, rental income, property expenses, and collections.

· Financial Statements: Prepare monthly, quarterly, and annual financial statements including profit & loss, balance sheet, and cash flow specific to real estate operations.

· Bank Reconciliation: Conduct bank reconciliations, including project accounts, ensuring proper fund allocation and compliance.

· Accounts Payable & Receivable: Manage real estate-specific AP/AR cycles—supplier payments, developer commissions, rental collections, and receivables aging.

· VAT & Tax Compliance: Ensure compliance with UAE VAT laws on real estate transactions including commercial/residential classifications and prepare VAT filings accurately.

· Budgeting & Forecasting: Assist in preparing project wise budgets, cash flow forecasts, and expense tracking for development and leasing projects.

· Audit Support: Coordinate with external auditors, preparing real estate-specific reports and supporting documents including tenancy contracts and escrow records.

· Management Reporting: Generate financial reports with KPIs on property sales, occupancy rates, rental yields, and project profitability.

· Cost & Margin Analysis: Provide analysis on project margins, cost controls, and pricing structures for real estate developments.

· Compliance & Documentation: Ensure adherence to RERA, DLD, and other regulatory body requirements in financial documentation and reporting.

· Ad-hoc Financial Support: Support leadership with data-driven financial insights for feasibility studies, investment decisions, and cost optimization initiatives.

What We're Looking For:

· Bachelor's degree in Accounting or Finance (CA Inter / CPA / ACCA preferred).

·
3 to 4 years of accounting experience, with at least 1+ years in UAE real estate brokerage/developer company (mandatory)

.
Should be able to join immediately (mandatory)

· Strong understanding of real estate finance, escrow management, and VAT application in property transactions.

· Proficiency in accounting software (e.g., Zoho Books, QuickBooks, Tally); ERP or CRM experience in real estate is a plus.

· Strong MS Excel skills (pivot tables, dashboards, VLOOKUPs, etc.).

· Ability to work independently, manage multiple priorities, and meet deadlines.

Why Join Us?

· Be part of a dynamic, diverse team driving a fast-growing multi-brand group.

· Work in a collaborative environment where ideas come to life.

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