Job Description

Job Title: Real Estate Accountant
Location:Dubai , UAE
Industry: Real Estate
Experience: Prior experience in accounting within the real estate industry, handling accounts for multiple buildings/properties.

Job Overview:

We are seeking a skilled and detail-oriented Real Estate Accountant with experience managing financial accounts for multiple buildings and properties. The ideal candidate will have a strong background in accounting, preferably in the UAE real estate sector, and will be responsible for overseeing the financial management of various properties under our portfolio. This role requires a high level of accuracy, strong organizational skills, and the ability to work in a fast-paced, multi-property environment.

Key Responsibilities:

• Financial Management: Oversee and manage the financial accounts for multiple buildings and real estate properties, ensuring accuracy and compliance with company policies and local regulations.
• Rent & Lease Accounting: Handle rent collection, track payments, and ensure timely invoicing for tenants. Maintain accurate records of lease agreements, renewals, and rental escalations.
• Property Expenses & Budgets: Monitor and track property-related expenses, including maintenance, utilities, insurance, and other operational costs. Prepare annual budgets for each property and provide detailed cost analysis reports.
• Accounts Payable & Receivable: Manage accounts payable and receivable for multiple properties, ensuring timely payment to vendors, contractors, and service providers. Monitor outstanding invoices and resolve discrepancies.
• Bank Reconciliation: Reconcile bank statements for each property, ensuring that all financial transactions are accurately recorded. Prepare monthly bank reconciliation reports.
• Financial Reporting: Prepare monthly, quarterly, and annual financial reports for management, highlighting key financial metrics such as revenue, expenses, and profit margins for each property.
• Tax & Compliance: Ensure compliance with UAE VAT regulations and other tax laws as applicable to real estate transactions. Assist in preparing tax filings and maintain up-to-date knowledge of relevant tax codes.
• Tenant & Landlord Financial Communication: Provide accurate and timely financial information to tenants and property owners, including payment history, outstanding balances, and other relevant financial details.
• Audits & Internal Controls: Assist with internal and external audits, ensuring that financial records for each property are accurate, up-to-date, and compliant with accounting standards and regulations.
• Financial Software & Tools: Use real estate accounting software and ERP systems to maintain financial records, prepare reports, and track property performance.
• Financial Analysis & Recommendations: Analyze the financial performance of each property and provide recommendations to management for cost-saving opportunities and revenue growth.

Required Skills and Qualifications:

• Experience: Minimum 2-3 years of experience as an accountant in the real estate industry, with a focus on managing financial accounts for multiple buildings or properties.
• Accounting Knowledge: Strong knowledge of accounting principles, including budgeting, financial reporting, and VAT compliance in the UAE real estate sector.
• Attention to Detail: High level of accuracy and attention to detail in handling financial records, transactions, and reports.
• Software Proficiency: Proficient in accounting software and ERP systems (e.g., QuickBooks, Sage, Yardi, or other real estate accounting platforms). Familiarity with Microsoft Excel is a must.
• Communication Skills: Excellent verbal and written communication skills in English (Arabic is a plus). Ability to communicate financial information clearly to non-financial stakeholders.
• Time Management: Strong organizational skills with the ability to manage multiple tasks and meet deadlines in a fast-paced environment.
• Problem Solving: Ability to identify and resolve accounting discrepancies, financial issues, and operational challenges quickly and effectively.
• Confidentiality: Ability to handle sensitive financial data with discretion and professionalism.

Preferred Qualifications:

• Education: A bachelor's degree in Accounting, Finance, or a related field. Professional certifications such as CPA, ACCA, or CMA are a plus.
• Real Estate Specific Experience: Familiarity with real estate accounting practices, including tenant billing, property expense management, and lease accounting.
• Knowledge of UAE Real Estate Regulations: Understanding of local tax and regulatory requirements, including VAT and other real estate-related financial legislation in the UAE.

What We Offer:

• Competitive salary and benefits package.
• Opportunities for career growth within a well-established real estate company.
• A collaborative and dynamic work environment.
• Exposure to high-profile real estate properties and projects in the UAE market.

If you are an experienced Real Estate Accountant with a proven track record of managing multiple property accounts, we would love to hear from you. Apply today to join our team and help us manage the financial success of our growing real estate portfolio.

Job Type: Full-time