Finance Manager

3 days ago

Dubai, Dubai, United Arab Emirates Major Development Full time

The Project Finance Manager will manage the end-to-end financial operations of real estate development projects, ensuring strong financial control, compliance with UAE regulations, effective team leadership, and accurate financial reporting throughout the project lifecycle.

Key Responsibilities

Budgeting & Financial Control

  • Collect budget inputs from all departments and consolidate project-wise budgets
  • Monitor and enforce budget controls throughout the entire project lifecycle
  • Prepare budget variance analysis reports and provide financial insights to management
  • Support the CFO in preparing financial forecasts and expenditure plans

Procurement & Cost Management

  • Coordinate and negotiate with suppliers and vendors for optimal pricing and favorable payment terms
  • Verify supplier invoices and ensure accurate cost allocation
  • Maintain project-specific cost tracking and detailed cost analysis

Escrow Management

  • Create and manage escrow accounts in compliance with UAE real estate regulations
  • Maintain accurate escrow reports and ensure timely submission to authorities and stakeholders
  • Ensure strict alignment with RERA guidelines and escrow audit requirements

Commission & Internal Financials

  • Prepare and oversee sales commission calculations for internal sales teams and external brokers
  • Ensure accuracy, approvals, and timely commission disbursement
  • Maintain confidentiality and accuracy of internal compensation and commission records

Taxation & Compliance

  • Handle VAT submissions, returns, and compliance in accordance with UAE Federal Tax Authority (FTA) regulations
  • Ensure timely filing of all tax-related documentation
  • Resolve discrepancies and respond to FTA queries and audits

Departmental Leadership & Supervision

  • Oversee day-to-day accounting operations including AP, AR, collections, and vendor payments
  • Resolve routine operational finance issues promptly
  • Lead, train, and mentor finance team members to enhance departmental performance
  • Support development and improvement of internal processes and documentation standards

Reporting & External Audit

  • Prepare managerial reports including cash flow statements, P&L, and balance sheets
  • Liaise with external auditors and ensure timely submission of required documentation
  • Follow up on audit observations to ensure a clean audit report

Cross-Functional Coordination

  • Coordinate with Sales Operations and Business Development for commission calculations and disbursements
  • Work closely with internal finance teams for financial alignment
  • Coordinate with Construction, Project, Marketing, and Sales teams to ensure financial accuracy

Requirements

  • Bachelor's degree in Finance, Accounting, Economics, or related field
  • Professional certification such as CA, CPA, ACCA, CMA, or CFA is highly preferred
  • Minimum 8–12 years of experience, with mandatory experience in real estate development (UAE-based developers preferred)
  • Strong experience managing project finance across the full development lifecycle
  • Proven experience handling escrow accounts, commission structures, and VAT compliance in the UAE
  • Hands-on experience managing AP, AR, collections, and vendor payments
  • Prior experience leading and managing finance teams
  • Strong understanding of UAE real estate regulations, RERA requirements, and FTA guidelines
  • Proficiency in ERP systems and real estate-related financial tools

Job Type: Full-time

Pay: AED12, AED15,000.00 per month

Application Question(s):

  • What's your notice period??
  • What's your expected monthly salary?

Experience:

  • Real Estate Development: 3 years (Required)
  • Accounting & Finance: 8 years (Required)

Language:

  • Russian (Required)

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