Chief Accountant - Real Estate

Lakhraim Group; United Arab Emirates; On-site; AED 60,000 - 100,000; Full time

Job summary

Join a dynamic and forward-thinking company as a Chief Accountant in the real estate industry. This pivotal role involves overseeing the financial health of property transactions and tenancy contracts while managing month-end closings and preparing insightful management reports. You will play a crucial part in ensuring compliance with financial regulations, leading annual audits, and contributing to budget preparations. If you are passionate about real estate finance and looking to make a significant impact in a collaborative environment, this opportunity is perfect for you.

Qualifications

• Proven experience in financial reporting and management within the real estate sector.
• Strong understanding of IFRS and compliance regulations.

Responsibilities

• Oversee month-end closing procedures for accurate financial reporting.
• Prepare detailed management reports on real estate revenue streams.
• Lead annual audits and ensure compliance with financial regulations.

Skills

Financial Reporting

Budgeting

Variance Analysis

VAT Reporting

IFRS Compliance

Education

Bachelor's Degree in Accounting

CPA or equivalent

Tools

Accounting Software

CRM Systems

Job description

As a Chief Accountant in the real estate industry, you will oversee financial health, manage accounting entries, month-end closings, and prepare management reports. Your role will involve financial oversight of property transactions, tenancy contracts, and real estate revenue streams. Responsibilities include ownership of annual audits, preparation of budgets and forecasts, and contribution to monthly MIS reports, including variance analysis. Additionally, you will ensure compliance with real estate financial regulations and oversee VAT reporting for property transactions.

Key Job Responsibilities

1. Execute month-end closing procedures to ensure accurate financial reporting for real estate operations.
2. Monitor receivables from tenants and property buyers to ensure timely collections.
3. Prepare detailed real estate-focused monthly management reports, including revenue from leasing, property sales, and service charges.
4. Collaborate with cross-functional teams, including property management and leasing, to ensure accurate financial reporting.
5. Conduct variance analysis to compare budgeted figures with actual performance, considering real estate market trends.
6. Lead the annual statutory audit process, ensuring compliance with IFRS and real estate financial regulations.
7. Prepare cash flow projections to monitor debt servicing and property investment returns.
8. Review tenancy contracts to ensure proper documentation and financial recording.
9. Oversee property-related invoices and payments, ensuring compliance with company policies and SOPs.
10. Ensure accurate integration between CRM and finance modules, particularly for rental income and property sales transactions.
11. Prepare annual and monthly P&L budgets for real estate operations.
12. Prepare and submit quarterly VAT returns, ensuring compliance with real estate tax regulations.