Job Title: Accountant

Industry: Real Estate

Location: UAE

Experience: 3-5 Years

Job Description:

We are looking for a skilled and detail-oriented Accountant with 3-5 years of experience in the Real Estate or Construction industry to join our growing team in the UAE. The ideal candidate will have a solid understanding of accounting principles, strong organizational skills, and the ability to manage multiple tasks in a fast-paced environment. You will play a key role in ensuring the accuracy of financial records, supporting management in financial decision-making, and maintaining compliance with UAE accounting regulations.

Key Responsibilities:

1: Financial Reporting:

• Prepare and maintain accurate financial statements, including balance sheets, income statements, and cash flow statements.
• Assist in the preparation of monthly, quarterly, and annual financial reports.
• Review financial transactions to ensure proper accounting and compliance with company policies and UAE regulations.

2: General Ledger Management:

• Manage the general ledger, ensuring all financial transactions are recorded accurately and promptly.
• Reconcile bank accounts, petty cash, and other accounts regularly to ensure accuracy.
• Ensure proper allocation of expenses and income to relevant cost centers and projects.

3: Accounts Payable & Receivable:

• Process and verify invoices, ensuring timely payments to vendors and contractors.
• Monitor accounts receivable and follow up on overdue payments, working closely with the sales team to ensure timely collections.
• Maintain accurate records of payments, receipts, and invoices.

4: Budgeting & Forecasting:

• Assist in the preparation of annual budgets and forecasts.
• Track and analyze actual financial performance against budgets, providing recommendations to management for adjustments.
• Support project managers in tracking project costs, ensuring financial control over construction or real estate projects.

5: Taxation & Compliance:

• Assist in the preparation of VAT returns and ensure compliance with UAE tax regulations.
• Prepare and submit monthly, quarterly, and annual reports as required by the UAE government.
• Ensure all financial records comply with local accounting standards and regulations.

6: Project Accounting:

• Track and report on the financial performance of ongoing construction or real estate projects.
• Allocate costs to specific projects and ensure the accurate capitalization of project-related expenses.
• Liaise with project managers to ensure financial aspects of the projects are aligned with the approved budget.

7: Audit & Internal Controls:

• Assist with internal and external audits, providing necessary financial documentation and explanations.
• Ensure the implementation and adherence to internal controls to safeguard company assets and prevent fraud.
• Continuously identify and recommend improvements in accounting processes and systems.

Skills

Requirements:

• Experience: 3-5 years of accounting experience in the Real Estate or Construction industry in the UAE.
• Education: Bachelor’s degree in Accounting, Finance, or a related field. Professional certifications (e.g., CPA, ACCA) are a plus.
• Knowledge of UAE Accounting Standards: Familiarity with the local tax laws, VAT regulations, and accounting practices in the UAE.

• Skills:
• Strong knowledge of accounting principles and practices.
• Proficiency in accounting software (e.g., Tally, QuickBooks, SAP) and Microsoft Excel.
• Excellent attention to detail and organizational skills.
• Ability to manage multiple tasks and work under tight deadlines.
• Strong analytical and problem-solving abilities.