Job Description

Candidate should have General Ledger Management for Development and Brokerage:

• Audit the journal entries, adjustments, and accruals related to development and brokerage transactions, ensuring adherence to accounting standards and contractual agreements.

Financial Reporting Support:

• Collaborate with the finance team to prepare accurate and timely financial statements for development and brokerage divisions, including income statements, balance sheets, and cash flow statements.
• Provide detailed supporting schedules and analyses for development and brokerage-related accounts and disclosures, facilitating comprehensive financial reporting.=

Project Cost Tracking and Analysis:

• Track and analyze project costs, revenues, and profitability for development projects and brokerage transactions, providing insights and recommendations to management for performance evaluation and decision-making.
• Monitor project budgets, forecasts, and actual expenditures, identifying variances and implementing corrective actions as necessary to ensure financial objectives are met.

Revenue Recognition and Contract Accounting:

• Review and verify revenue recognition criteria and contract terms for development projects and brokerage transactions, ensuring compliance with accounting standards and regulatory requirements.
• Coordinate with project managers and brokers to assess revenue recognition milestones, contract modifications, and revenue deferral or recognition adjustments as needed.

Month-End and Year-End Closing for Development and Brokerage:

• Lead month-end and year-end closing activities specific to development and brokerage operations, such as reconciling revenue and expense accounts, recording accruals, and preparing financial reports.
• Coordinate with internal departments and external stakeholders to ensure timely and accurate completion of closing procedures, supporting financial reporting deadlines.

Cost Allocation and Analysis:

• Allocate shared costs and expenses across development and brokerage divisions, ensuring appropriate cost allocation methods and accurate expense reporting for each business segment.
• Analyze cost variances, trends, and drivers within development projects and brokerage transactions, providing insights and recommendations for cost optimization and profitability enhancement.

Compliance and Audit Support:

• Ensure compliance with accounting standards, regulatory requirements, and internal policies governing development and brokerage operations.
• Support internal and external audits by providing documentation, explanations, and analyses related to development projects and brokerage transactions and balances.

Qualifications and Skills:

• Professional qualification such as ACCA, CA, CPA, or equivalent is preferred.
• Minimum 3 to 5 years of experience in accounting or finance roles, with a focus on general ledger management and financial reporting in the real estate development & brokerage industry in UAE.
• Solid understanding of accounting principles and practices relevant to real estate development and brokerage businesses, including revenue recognition, project accounting, and contract management.
• Proficiency in accounting software and ERP systems, with advanced skills in Microsoft Excel.
• Strong analytical and problem-solving abilities, with a keen attention to detail and accuracy in financial data analysis.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams and present complex financial information clearly and concisely.
• Ability to prioritize tasks, meet deadlines, and adapt to changing priorities in a dynamic real estate development and brokerage environment.
• Commitment to continuous learning and professional development in accounting practices and standards relevant to real estate development and brokerage businesses.

Job Type: Full-time

Pay: From AED10,000.00 per month

Application Question(s):

• Can you Join Immediately

Education:

• Master's (Required)

Experience:

• Real Estate: 3 years (Preferred)
• Finance manager: 2 years (Preferred)
• Yardi or Odoo: 1 year (Preferred)

License/Certification:

• CA/CMA/ACCA or similiar certifications (Required)