Accounting Manager Real Estate Development Experience (Mandatory)

About This Role

Accounting Manager

Real Estate Development Experience (Mandatory)

About the Job

The Accounting Manager oversees day-to-day accounting operation, financial controls, treasury support, reconciliations, and regulatory for multiple entities within the group. The role ensures accurate books and records, with a proper client SOA managing and project cost control and report. The role ensures accurate and timely month end closing.

Responsibilities :

• Manage Noqoodi wallets transactions, top up and reconciliation.

• Manage, review and reconcile corporate accounts for DLD, admin fees and other payments or collections.

• Manage, review and reconcile all entities Escrow Accounts.

• Review and submit monthly receivable aging reports.

• Review and confirm the Client’s billing compared with SPA.

• Update / prepare Projects Master Sheets for tracking the Clients Payments, and outstanding payments.

• SOA review prepared by the team to ensure the accuracy of the billing and the dates that are mentioned.

• Coordinate with the sales team for any collection or billing dispute.

• Coordinate with the sales team for SOA clients and upcoming payments.

• Identify the allocation of the cost to be under COGS direct cost or a WIP.

• To prepare and review revenue and cost for monthly recognition.

• Track the WIP Balances to ensure the books accuracy between the Projects

• Review and approve accounting transactions.

• Review and initiate payment from other departments based on PO, agreement or approved invoice.

• Review and validate contractors / Sub-contractors’ payment.

• Check the A/P balances, ensure that all the tax invoices have been received.

• Prepare a list for all the upcoming payments with a schedule of the payment timeline.

• Review and post monthly management invoices.

• Review the fixed assets and depreciation schedule and match it with PACT records.

• Responsible for all the project payments from Escrow (Construction, Management, Supervision, Brokerage, Reimbursement Payments)

• Responsible for Projects requests submission like Project Inspection, Project Caps Variation, Construction Caps Variation, adding new beneficiary and any other requests

• Follow up with DLD and the Banks to get the transactions or the payments done**.**

• Escrow & TAS Management open and maintain escrow accounts with account trustee banks.

• Process contractor payments and reimbursements through escrow accounts.

• Manage escrow account conversions for completed projects.

• Monitor and track escrow balances, movements, and compliance reporting.

• Regulatory & Project Approvals obtain approvals for project registration and activation in DLD/RERA.

• Ensure full compliance with escrow and project regulatory requirements.

• Prepare and submit all documentation required for project approvals**.**

• Payment & Process Execution

• Handle payments via Noqodi and DLD systems, ensuring accuracy and timely submission.

• Coordinate RERA payment completions and approvals.

• Process reimbursement payments for under-construction projects.

• Support settlement processes and ensure correct financial posting.

• Prepare the VAT filling for multiple entities

• Prepare the VAT Refund for multiple entities

• Contribute to supporting the external tax consultant in documentation and samples.

• Review and confirm the monthly prepayments and provisions checklist by reviewing the TB.

• Bank reconciliation report for all entities and banks.

• Intercompany reconciliation.

Skills:

• Time Management

• Problem Solving

• Teamwork

• Analytical Thinking

• Adaptability

Main Qualifications:

• Bachelor’s degree in accounting, Finance, Economics, or related discipline.

• Real Estate Development Experience (Mandatory)

• 5+ year of UAE Experience.

• 10+ years of finance, accounting.

• Strong experience in reconciliations, general ledger control, management reporting, and audit support

• ERP experience such as PACT revenue, SAP, and Oracle is a real plus.

• Bilingual, with advance level for both Arabic & English writing, listening & speaking.