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.