Finance Manager - Real Estate

Parker Connect; Abu Dhabi; On-site; AED 120,000 - 200,000; Full time

Job summary

A prominent recruitment agency is seeking a Finance Manager specializing in Real Estate in Abu Dhabi. Responsibilities include overseeing Accounts Receivable activities, ensuring accurate general ledger closings, and managing ad hoc reporting. The ideal candidate will have experience with financial reconciliation and reporting within the real estate sector, as well as proficiency in system implementations related to finance.

Responsibilities

• Oversee local Accounts Receivable function for timely management.
• Confirm Statements of Account for tenant units.
• Ensure accurate and timely closing of the General Ledger.
• Review monthly Bank Reconciliation for accuracy.
• Maintain the Depreciation Schedule for Fixed Assets.
• Generate and review ad hoc reports as requested.

Job description

Finance Manager - Real Estate

Oversee the activities of the local Accounts Receivable function to ensure accurate and timely management of all components, including billings, collections, revenue recognition, and reporting.

Confirm Statements of Account (SOA) for all vacated, renewable, and legally initiated tenant units (Local Investment properties).

Oversee the activities of the General Ledger function to ensure the accurate and timely closing of the General Ledger.

Review PDC (Post-Dated Cheques) Ledger Reconciliation between company books and Bank Register monthly.

Maintain the physical bounced cheque register and conduct monthly Bounce Cheque Reconciliation, communicating outcomes to the Property Management (PM) team.

Review monthly Bank Reconciliation for Real Estate and other owner’s business Bank Accounts to ensure the accuracy and completeness of financial data.

Maintain the Depreciation Schedule for Fixed Assets

Review Real Estate suppliers’ payments.

Ad Hoc Reporting : Generate and review ad hoc reports as requested.

Review SD claim forms for all local property portfolio vacated units.

Clean SD Accounts for historical years in collaboration with the Real Estate (RE) Team.

Post tenancy active contracts in Dynamics.

Reconcile Accounts Receivable (A / R), Post-Dated Cheques (PDC), and Security Deposits (SD) between the legacy system and Dynamics.

Liaise with the new system developer to implement features for multiple receipts as per business needs