About the Role
We are seeking an experienced and highly competent Chief Accountant to oversee the accounting and financial reporting functions of our Real Estate Division. The ideal candidate must have strong hands-on experience in UAE real estate developer companies, with proven expertise in property leasing accounting, financial reporting, general ledger management, financial closing, budgeting, and internal controls. This role requires an accounting professional capable of independently managing end-to-end accounting operations, supervising accounting teams, and ensuring accurate financial reporting across multiple properties and entities.
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Key Responsibilities
- Oversee daily accounting operations, including General Ledger, Accounts Payable, Accounts Receivable, journal entries, and reconciliations.
- Manage monthly, quarterly, and annual closing processes, ensuring accurate and timely financial reporting.
- Prepare and review financial statements, including P&L, Balance Sheets, Cash Flow Statements, and property-level financial reports.
- Manage real estate and property leasing accounting, including rental income, tenant ledgers, service charges, security deposits, and outstanding receivables.
- Ensure accurate accounting of lease transactions, property operating expenses, CAPEX, acquisitions, and disposals.
- Monitor intercompany transactions, bank reconciliations, and balance sheet accounts across multiple entities.
- Prepare annual budgets, cash-flow forecasts, budget-versus-actual reports, and financial variance analysis.
- Ensure compliance with IFRS and internal financial policies.
- Coordinate with external auditors, prepare audit schedules, and ensure timely resolution of audit observations.
- Supervise junior accountants, review accounting activities, and strengthen internal controls and reporting processes.
Candidate Requirements
- Bachelor's degree in Accounting, Finance, Commerce, or a related discipline.
- Minimum 10 years of progressive accounting and finance experience within real estate development companies in the UAE.
- Proven expertise in real estate accounting, property leasing, rental income recognition, and tenant reconciliations.
- Strong experience in end-to-end accounting, financial statement preparation, GL management, and month-end/year-end closing.
- Sound knowledge of IFRS and financial reporting standards.
- Experience handling multiple properties, intercompany transactions, and consolidated financial reporting.
- Demonstrated ability to supervise accounting teams and independently manage finance operations.
- Proficiency in ERP accounting systems and advanced Microsoft Excel, including PivotTables, XLOOKUP/VLOOKUP, and SUMIFS.
- Professional qualifications such as ACCA, CPA, CMA, or equivalent will be an added advantage.
- Strong analytical, organizational, leadership, and problem-solving skills.
