Accountant

Black & Grey HR; Dubai; On-site; AED 60,000 - 100,000; Full time

Job summary

An innovative real estate investment firm is seeking an experienced Accountant to bridge finance and sales departments. This role involves managing customer payments, overseeing accounts payable and receivable, and ensuring compliance with accounting standards. The ideal candidate will have a strong background in real estate or construction, and proficiency in accounting software. Join a dynamic team that values excellence and offers a unique opportunity to contribute to high-profile developments in the UAE's real estate market.

Qualifications

• Proven experience in real estate development within the UAE.
• Strong background in accounting and familiarity with IFRS.

Responsibilities

• Manage customer payments and oversee accounts payable/receivable.
• Collaborate with administration to finalize unit reservations.

Skills

Accounting Standards

Bookkeeping

Customer Service

Financial Reporting

Payment Processing

Education

Bachelor's in Economics

Bachelor's in Accounting

Tools

FirstBit / 1C software

Customer Experience Management (CEM) system

Job description

Black & Grey HR is recruiting for a fast growing real estate investment and development company in the United Arab Emirates, known for its innovative projects and commitment to excellence. With a portfolio that spans across high-profile developments in residential, commercial, and mixed-use properties, they are looking to recruit for an Accountant with experience in Real estate or Construction Industry. This role is a bridge between the finance and sales department. The Job responsibilities are as below:

• Managing customer payments, including down payments, regular instalments, and using various payment methods for property purchases.
• Facilitating local and international bank transfers for buyers' units.
• Recording payments from banks into our Customer Experience Management (CEM) system.
• Collaborating with administration to finalise unit reservations and bookings.
• Overseeing the accounts payable and receivable modules within our accounting software.
• Compiling balance sheets to illustrate profit and loss.
• Gathering and updating documentation across all platforms.
• Verifying accounts payable and receivable, cross-referencing invoices, and authorising payments or receipts.
• Compiling data for final payments and accounts receivable reports.
• Allocating payments to internal accounts and maintaining meticulous transaction records.
• Managing accounts for multiple owners' associations, from recording transactions to coordinating statutory audits.
• Engaging in managing ESCROW accounts with the finance team, providing accurate customer payment and accounts receivable information.
• Participating in the developer's Trust Account System (TAS) introduced by regulatory departments, allocating payments per purchase agreements.
• Direct interaction with clients to handle payments and ensure accurate system allocation.
• Conducting thorough checks on Sales Purchase Agreements (SPAs), verifying information provided by the sales team including customer details, status, and finance reports.
• Issuing properly documented invoices and tracking payments according to payment plans.
• Submitting sales information to finance and maintaining proficiency in CRM tools such as BITRIX.
• Seeking candidates with a background in economics or accounting, capable of initiating and preparing tasks effectively.

Requirements

The ideal candidate should meet the following qualifications:

• Proven experience as a Real Estate Developer within the UAE.
• Strong background in real estate or construction.
• In-depth knowledge of accounting standards applicable in the UAE.
• Familiarity with International Financial Reporting Standards (IFRS).
• Demonstrated bookkeeping expertise.
• Proficiency in using FirstBit / 1C software.