Finance Executive
Role Overview
The Finance Executive manages day-to-day financial operations, maintains accurate records, monitors transactions, processes payments, and supports reporting and compliance.
The role requires understanding of real estate brokerage, including agent commissions, property transaction settlements, developer commission receivables, VAT, and reconciliations.
Key Skills for This Role
Full Job Posting
Role purpose
The Finance Executive manages day-to-day financial operations, maintains accurate records, monitors transactions, processes payments, and supports reporting and compliance.
The role requires understanding of real estate brokerage, including agent commissions, property transaction settlements, developer commission receivables, VAT, and reconciliations.
Payables, receivables, and commissions
- Manage daily accounts payable and receivable transactions; process supplier invoices, payment requests, and expense claims.
- Monitor overdue receivables, maintain account records, and reconcile receipts against invoices and commissions.
- Calculate and verify agent commissions, process approved payouts, and maintain records for agents, team leaders, and referral partners.
- Track developer and external brokerage commission receivables, follow up on pending payments, and maintain a receivables tracker.
- Verify commission entitlements against agreements and deal records; maintain records of deductions, advances, adjustments, and balances.
Transactions and accounting
- Review property transaction details and verify booking amounts, deposits, brokerage fees, VAT, and other charges.
- Reconcile transaction records with CRM/Bitrix and internal finance records; coordinate with Sales Administration and Sales to resolve discrepancies.
- Record daily transactions and maintain general ledgers, journals, and supporting schedules.
- Perform bank reconciliations and cash-flow monitoring; maintain petty cash records and reconcile expenses.
- Assist with monthly closing and management accounts; monitor departmental expenses against approved budgets.
Tax, payroll, reporting, and controls
- Assist with VAT returns and records under UAE regulations; ensure invoices, credit notes, and supporting documents meet FTA requirements.
- Maintain documentation for tax audits and financial reviews; coordinate with external auditors and tax consultants when required.
- Coordinate payroll inputs and employee financial adjustments with HR; support WPS preparation and payroll reconciliations.
- Prepare daily, weekly, and monthly reports covering commissions, balances, expenses, cash flow, and pending settlements.
- Assist with financial statements and management reports; highlight discrepancies, overdue payments, and unusual transactions.
- Follow the approval matrix, maintain organized supporting documentation, protect confidential financial information, and recommend improvements to financial controls.
Qualifications and experience
- Bachelor's degree in Accounting, Finance, or a related discipline.
- 2–4 years of relevant finance or accounting experience.
- UAE real estate brokerage experience is highly preferred.
- Good understanding of UAE VAT regulations and accounting practices.
- Commission calculation and agent settlement experience is an advantage.
Systems and competencies
- Familiarity with accounting software and ERP systems; advanced MS Excel skills.
- CRM experience, particularly Bitrix24, is an advantage.
- Strong numerical and analytical skills, accuracy, attention to detail, reconciliation, and problem-solving abilities.
- Ability to manage multiple transactions and deadlines, communicate and coordinate effectively, work independently and with a team, and handle records with integrity and confidentiality.
Key performance indicators
Accurate and timely agent commission calculations and approved supplier and agent payments.
Accurate bank, ledger, and transaction reconciliations; timely collection of developer commission receivables.
Timely monthly financial reports, compliant VAT documentation, and closure of outstanding discrepancies.
Proper maintenance of financial records and supporting documents.
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