Accountant | Real Estate Development Experience Required

Nationwide Middle East Properties LLC; Abu Dhabi; On-site; AED 201,000 - 357,000; Full time

Job summary

Nationwide Middle East Properties LLC in Abu Dhabi seeks an experienced Accountant with a strong Real Estate Developer background to manage accounting operations, project financials, customer receivables, and broker commissions. The role requires IFRS, UAE VAT, and escrow experience, with a focus on accurate ledgers and financial reporting.

You will monitor project costs, budgets, and revenue recognition for development projects, while collaborating with Sales, CRM, and Finance teams to ensure

Qualifications

• Bachelor's Degree in Accounting, Finance, or related field.
• Minimum 4–6 years of accounting experience in the UAE.
• Minimum 3 years of experience working directly for a Real Estate Developer.
• Proven experience calculating commissions for brokers, agencies, and internal sales teams.
• Strong understanding of IFRS, UAE VAT regulations, escrow accounts, and revenue recognition.

Responsibilities

• Maintain accurate financial records and ledgers.
• Prepare monthly, quarterly, and annual financial reports.
• Perform bank, customer, and supplier reconciliations; manage payables/receivables.
• Record project costs, budgets, and revenue recognition for development projects.

Skills

Advanced Microsoft Excel

ERP/CRM systems

Education

Bachelor's degree in Accounting, Finance, or related field

Job description

Accountant – Real Estate Developer

Company: Nationwide Middle East Properties LLC

Location: Abu Dhabi, UAE

Job Purpose

Nationwide Middle East Properties is seeking an experienced Accountant with a strong Real Estate Developer background to manage accounting operations, project financials, customer receivables, and commission calculations for brokers and sales teams. The successful candidate must have prior experience working directly with a real estate developer and possess a thorough understanding of the UAE property development lifecycle.

Key Responsibilities

Accounting & Finance

• Maintain accurate financial records and general ledger accounts.
• Prepare monthly, quarterly, and annual financial reports.
• Perform bank, customer, and supplier reconciliations.
• Manage accounts payable and receivable processes.
• Assist with budgeting, forecasting, and cash flow monitoring.
• Ensure compliance with IFRS, UAE VAT regulations, and company policies.

Real Estate Development Accounting

• Record and monitor project development costs and construction expenditures.
• Track project budgets and cost allocations.
• Manage escrow account transactions and reconciliations.
• Process property sales transactions, cancellations, and refunds.
• Support revenue recognition and financial reporting for development projects.

Commissions Management (Critical Responsibility)

• Calculate broker, agency, and sales team commissions accurately.
• Verify commission eligibility based on booking status, SPA execution, collection milestones, and management approvals.
• Prepare monthly commission statements and payment schedules.
• Process commission reversals, adjustments, and clawbacks for cancelled transactions.
• Coordinate with Sales, CRM, and Finance teams to validate transaction data.
• Generate commission reports for management review.

Customer Receivables

• Monitor customer payment plans and collection schedules.
• Reconcile customer accounts and investigate discrepancies.
• Prepare aging reports and support collection efforts.

Mandatory Requirements

• Bachelor's Degree in Accounting, Finance, or related field.
• Minimum 4-6 years of accounting experience in the UAE.
• Minimum 3 years of experience working directly for a Real Estate Developer company.
• Proven experience calculating commissions for brokers, agencies, and internal sales teams.
• Strong understanding of:
• Off-plan sales
• Escrow accounts
• Customer payment plans
• Revenue recognition
• Real estate sales cycles
• Commission structures and payout processes
• Advanced Microsoft Excel skills.
• Experience with ERP/CRM systems.