We are seeking for an Assistant Accounts Manager with experience in Owners Association Management (OAM)
Key Responsibilities:
Revenue Recognition
- Supervise the invoicing process, including budget preparation and approval.
- Ensure accurate invoice generation and verification using Mollak.
- Manage invoice distribution to property owners and coordinate budget reviews with auditors.
- Oversee payment processing via Naqoodi and maintain updated receipts in Mollak.
Financial Accounting
- Maintain project-wise accounting records and reconcile quarterly invoices with Mollak.
- Manage unit-specific Statements of Account (SOA) and book revenue and expenses on an accrual basis.
- Ensure payments align with the approved budget and proper documentation.
- Conduct and manage service charge, internal, and external audits.
Other Responsibilities
- Set up and manage bank accounts, including escrows.
- Review and approve bank payments.
- Supervise team activities, including accounting entries and bank reconciliations.
- Provide daily and monthly MIS reports to the Chairman/GM-Operations.
- Fulfill audit requirements for both internal and external reviews.