Chief Accountant

Luxury Real Estate Developer

Financial Management & Reporting

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• Develop and implement financial policies and procedures to ensure accurate and efficient real estate accounting practices.
• Prepare and review property financial statements, management reports, and budget forecasts.
• Ensure compliance with IFRS, GAAP, and local financial regulations specific to the real estate industry.
• Maintain accurate property revenue records, rental income statements, and commission tracking.

Budgeting & Cost Control

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• Lead the budgeting and forecasting process, collaborating with department heads to project property revenue and operational expenses.
• Monitor company expenditures, implement cost-control measures, and optimize real estate asset profitability.
• Analyze financial data to provide insights for real estate project planning, development costs, and property maintenance budgeting.

Accounts Payable & ReceivableManagement

• Oversee property accounts receivable and payable functions, ensuring timely rent collection, vendor payments, and reconciliations.
• Implement strategies to improve cash flow and working capital management, considering lease agreements, mortgage payments, and tenant deposits.
• Ensure accurate invoicing, tenant billing, brokerage commissions, and credit control to minimize financial risks.

Taxation & Compliance

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• Ensure timely preparation and filing of VAT, corporate tax, property tax, and other real estate-related regulatory reports.
• Maintain compliance with local tax laws and liaise with tax authorities regarding property transactions, capital gains, and depreciation claims.
• Work with external auditors and regulatory bodies to ensure financial transparency and compliance.

UAE Corporate Tax Compliance

• Ensure full compliance with UAE Corporate Tax regulations, including registration, assessment of taxable income, and timely filing of corporate tax returns.
• Interpret and apply UAE Corporate Tax Law to real estate transactions, including property sales, leasing income, and development activities.
• Coordinate with the Federal Tax Authority (FTA) on corporate tax matters, audits, and clarifications.
• Analyze the impact of corporate tax on business operations and recommend tax-efficient structures and strategies.
• Maintain proper documentation and transfer pricing records (if applicable) in line with UAE Corporate Tax requirements.

Financial Analysis & Strategy

• Conduct financial analysis to support property acquisition, sales, leasing, and investment decisions.
• Identify financial risks and recommend mitigation strategies related to real estate financing and market fluctuations.
• Provide insights on real estate investment opportunities, cost-saving measures, and property portfolio growth strategies.

CRM & Salesforce Integration

• Utilize CRM systems (Salesforce, Zoho, or other real estate CRM tools) to track sales transactions, lease agreements, and customer financial interactions.
• Integrate accounting and financial reporting with CRM platforms to streamline commission calculations, sales revenue tracking, and client invoicing.
• Generate financial reports based on CRM data, including sales pipeline analysis, agent commission reports, and customer payment history.

Team Leadership & Process Optimization

• Lead and mentor the accounting and finance team to ensure efficiency and accuracy in real estate financial operations.
• Implement process improvements to streamline accounting operations and reporting specific to the real estate sector.
• Stay updated on real estate financial trends, market regulations, and best practices to keep the company financially competitive.

Compliance & Data Security

• Maintain strict confidentiality of financial and property transaction records and implement data security best practices.
• Ensure compliance with internal controls, anti-money laundering (AML) regulations, and financial policies.
• Train teams on financial policies, CRM usage for accounting, and regulatory requirements.
• Requirement and Skills
• Proven experience as a Chief Accountant or Senior Accountant in the real estate industry.
• Strong analytical and problem-solving skills with a data-driven approach to real estate financial management.
• Expertise in accounting software (SAP, QuickBooks, Oracle,or similar ERPsystems) and CRM platforms like Salesforce.

Experience