Accountant - Cost Control - Dubai Holding Community Management

Dubai Holding; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading community management provider in Dubai seeks a Cost Accountant to ensure accurate cost recording and reporting. The role involves budgeting, forecasting, and cost control, requiring strong analytical skills and a degree in accounting. Join a dynamic team committed to community excellence and enjoy a comprehensive benefits package.

Benefits

Competitive compensation

Career development opportunities

Collaborative work environment

Qualifications

• 4-6 years of relevant experience in cost accounting.
• Strong understanding of cost accounting principles.

Responsibilities

• Collect, analyze, and allocate costs accurately across projects.
• Prepare regular cost reports and variance analysis.
• Implement cost control measures to optimize resource utilization.

Skills

Analytical Skills

Problem Solving

Communication

Education

Bachelor’s degree in accounting

Professional accounting qualification

Tools

MS Excel

Accounting software

Job description

About Dubai Holding Community Management:

Dubai Holding Community Management (DHCM) is a premium community management services provider under the umbrella of Dubai Holding. Established in 2021, DHCM has quickly become a leader in the industry, offering exceptional services to maintain and enhance residential communities and districts across Dubai.

At DHCM, we believe in creating sustainable and vibrant communities that offer a sense of belonging to residents. Our team of experts provides various services, including community and district management, technical management, and financial management.

Our community and district management services ensure that each community is well-maintained, secure, and operates efficiently. We manage common areas, enforce community rules and regulations, coordinate with local authorities, and respond to residents' concerns promptly and effectively

We proudly manage a portfolio of prestigious communities, including Bluewaters, City Walk, Port de La Mer, Bvlgari Residences, Jumeirah Beach Residence (JBR), and Business Bay Executive Towers, among others. Additionally, we manage iconic districts, including Business Bay, Dubai Land Residences, Jaddaf Waterfront, Dubai Media City, Dubai Internet City, Dubai Studio City, Dubai Harbour, and more.

About the Role:

To be responsible for the accurate and timely recording, analysis, and reporting of costs within Dubai Holdings Community Management. This role will focus on implementing and maintaining effective cost control measures, providing insightful analysis to support decision-making, and ensuring adherence to financial policies and procedures.

The main duties and responsibilities of this role:

Cost Accounting & Reporting:

• Collect, analyze, and allocate costs accurately across various projects, departments, and activities within Dubai Holdings Community Management.
• Prepare regular cost reports, including variance analysis against budgets and forecasts, highlighting key trends and deviations.
• Develop and maintain cost accounting systems and procedures to ensure data integrity and accuracy.
• Assist in the preparation of monthly, quarterly, and annual financial statements, providing relevant cost information.
• Review, approve, and track purchase requisitions relating to all JOPs and MCs to ensure that they are according to the budget and coordinate with site teams for relevant amendments and PR approval when necessary to not exceed the approved budget.

Budgeting & Forecasting:

• Support the development and preparation of annual budgets and periodic forecasts related to JOPs and Communities.
• Work closely with departmental heads to gather input and ensure budget alignment with operational plans.
• Monitor budget performance against actuals, investigate variances, and provide explanations and recommendations for corrective actions.

Cost Control & Analysis:

• Implement and maintain cost control measures to optimize resource utilization and minimize unnecessary expenditures.
• Conduct detailed cost analysis on various operational activities, identifying areas for potential cost savings and efficiency improvements.
• Evaluate the cost-effectiveness of projects and initiatives, providing financial insights to support investment decisions.
• Assist in the development and monitoring of Key Performance Indicators (KPIs) related to cost management.

Compliance & Audit:

• Ensure adherence to internal financial policies, procedures, and relevant accounting standards.
• Assist with internal and external audits by providing necessary documentation and explanations related to cost accounting.

Process Improvement:

• Identify and recommend improvements to existing cost accounting processes and systems to enhance efficiency and accuracy.
• Participate in cross-functional projects aimed at improving overall operational efficiency and cost management.

Stakeholder Collaboration:

• Collaborate effectively with various departments within Dubai Holdings Community Management to understand their cost drivers and provide relevant financial support.
• Communicate cost-related information and analysis clearly and concisely to both finance and non-finance stakeholders.

About you:

The ideal candidate will have the below qualifications and experience:

• Bachelor’s degree in accounting, Finance, or a related field.
• Professional accounting qualification (e.g., ACCA, CPA, CA) is preferred.
• 4-6 years of relevant experience in cost accounting, preferably within the real estate, property management, or community management sectors in UAE.
• Strong understanding of cost accounting principles, techniques, and best practices.
• Proficiency in MS Excel and other relevant accounting software/ERP systems.
• Excellent analytical and problem-solving skills with a keen attention to detail.
• Strong communication and interpersonal skills, with the ability to interact effectively with various stakeholders.
• Ability to work independently and as part of a team.
• Familiarity with local accounting regulations and practices in the UAE is an advantage.

About Benefits:

At Dubai Holding, we're committed to nurturing the success and well-being of our colleagues. Join our dynamic and diverse team, and enjoy a comprehensive benefits package that includes competitive compensation, career development opportunities, and a collaborative work environment. We strongly believe in creating an empowered Internal workforce that will help us build a connected city for tomorrow. We are committed to attracting the brightest minds and nurturing the most pioneering candidates who desire to make a great impact on the future of Dubai.