Accountant

Job Code: 176/001/427
Industry: Real Estate

Job Purpose:
The accountant will be responsible for managing daily accounting tasks and financial activities within the organization under the supervision of the Finance Manager. The ideal candidate will have a strong understanding of accounting principles, proficiency in financial software, and the ability to handle multiple tasks in a fast-paced environment. The role demands a proactive approach to managing financial tasks with the ability to prioritize effectively, optimize financial performance, and drive efficiencies, thereby contributing to the overall success of the business.

Job Responsibilities:
Financial Reporting and Accounting:

• Prepare accurate and timely (month-end, quarterly, yearly) financial reports, including income statements, balance sheets, and cash flow statements.
• Ensure compliance with accounting standards and principles (IFRS) in financial reporting.
• Maintain and update accounting records, including posting journal entries and reconciling accounts.
• Prepare bank reconciliations, petty cash reports, and directors' expense summaries.
• Maintain records and documentation in designated file storage systems.
• Analyse financial data and assist in budget preparation.

Audit and Compliance:

• Prepare VAT returns.
• Prepare corporate tax returns.
• Assist in external and internal audits.
• Prepare schedules and documents required for external audits.
• Economic Substance Reporting Compliance.
• Ensure compliance with annual license renewals and filing requirements for group entities.

Property Management Accounting:

• Monitor and record rental income from the real estate portfolio.
• Ensure timely payment of all utility bills, service charges, etc.
• Maintain the register of real estate assets.
• Ensure timely receipt of remittances and promptly report discrepancies.
• Prepare profit and loss statements for each property.
• Monitor and prepare installment payments for property purchases.

Cash Management and Treasury:

• Handle payment of utility bills, service charges, and other expenses.
• Ensure timely payments of due to/due from related parties.
• Monitor and summarize bank statements.
• Petty Cash statement preparation and monthly reporting.
• Prepare cash flow forecasts.

General Administration:

• Manage payroll processing and perform administrative tasks as required.
• Prepare monthly employee mobile phone statements for any adjustments.
• Monitor and handle corporate emails.
• Update and maintain records in designated shared drives.
• Handle correspondence with third parties.

Technical Competencies:

• Excellent understanding of IFRS.
• Experience in financial software applications i.e. QuickBooks, Odoo.
• Advanced proficiency in Microsoft Excel.
• Experience with financial audits would be an advantage.
• Bank Reconciliations.

Behavioral Competencies:

• Personal integrity and strong work ethic.
• Exceptional analytical skills and attention to detail.
• Ability to work independently, self-motivate, and take initiative.
• Solution-orientated approach.
• A high degree of professionalism & discretion.
• Excellent written and verbal communication skills.
• Strong organizational skills with the ability to multi-task.
• Excellent decision-making skills, demonstrating resourcefulness to troubleshoot appropriately.

Job Requirements:

• Minimum 5 years of UAE experience in accounting.
• Audit and/or Big 4 experience would be a plus.
• Understand IFRS Standards.
• Excellent communication in English.
• Ability to draft reports and present the same to the higher management.
• Real estate experience would be a plus.
• Experience in monthly financial reporting.
• Experience in communicating with multiple stakeholders.
• Attributes: Diligent, Integrity, Ethical.
• Minimum bachelor’s degree in finance, Accounting, Economics, or related field.
• Professional Accounting qualification (Chartered Accountant -MIA, CIMA, ACCA, CPA or similar.

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