Finance Manager (Real Estate)

SOL Properties; Dubai; On-site; AED 446,000 - 781,000; Full time

Job summary

SOL Properties seeks an experienced Finance Manager to lead finance operations and support commercial, sales, and customer lifecycle within a UAE real estate development environment. The role requires strong UAE real estate developer experience and deep knowledge of SPA, Salesforce CRM, escrow accounts, project accounting, revenue recognition, and regulatory compliance.

You will collaborate with Sales, CRM, Legal, Customer Service, Projects, and Senior Management to ensure financial accuracy

Qualifications

• Bachelor’s degree required in Finance, Accounting, Commerce or related field.
• Professional qualification such as CPA, CA, ACCA, CMA will be an added advantage.
• 12-15 years of finance experience, 5-8 years within a UAE real estate developer.
• Strong SPA expertise and experience with developer finance operations.
• Hands-on with Salesforce CRM, ERP systems with real estate finance focus.
• Experience in customer collections, receivables management, and revenue accounting.

Responsibilities

• Review, verify, and validate SPAs prior to execution.
• Ensure SPA financial terms align with pricing, payment plans, and policies.
• Monitor customer payment schedules and milestone collections per SPAs.
• Coordinate SPA amendments, transfers, cancellations, and financial implications.
• Verify booking amounts, instalment schedules, discounts, incentives, and rebates.
• Ensure revenue recognition complies with IFRS and SPAs.

Skills

SPA expertise

Salesforce CRM

Escrow management

IFRS revenue recognition

Revenue accounting

Accounts receivable

Financial reporting

Regulatory compliance UAE

Education

Bachelor's degree in Finance or Accounting

CPA/CA/ACCA/CMA (advantage)

Tools

Salesforce CRM

Job description

Position Overview

We are seeking an experienced, commercially driven, and detail-oriented Finance Manager to lead the organization's finance operations while supporting the commercial, sales, and customer lifecycle within a UAE real estate development environment.

The ideal candidate must possess strong UAE real estate developer experience with extensive knowledge of Sales Purchase Agreements (SPA), Salesforce CRM, escrow account management, project accounting, revenue recognition, customer collections, financial reporting, and UAE regulatory compliance.

The successful candidate will work closely with the Sales, CRM, Legal, Customer Service, Projects, and Senior Management teams to ensure financial accuracy throughout the customer journey—from booking through project handover.

Key Responsibilities

• Review, verify, and validate Sales Purchase Agreements (SPA) prior to execution.
• Ensure SPA financial terms align with approved pricing, payment plans, company policies, and management approvals.
• Monitor customer payment schedules and milestone collections in accordance with executed SPAs.
• Coordinate with the Sales and Legal teams regarding SPA amendments, transfers, cancellations, and their financial implications.
• Verify booking amounts, instalment schedules, discounts, incentives, rebates, and special approvals.
• Ensure accurate revenue recognition in accordance with executed SPAs and IFRS requirements.
• Maintain complete financial documentation related to all customer contracts.
• Work extensively with Salesforce CRM (or similar Real Estate CRM platforms) to monitor sales transactions and customer payment status.
• Reconcile CRM sales records with ERP and accounting systems to ensure financial accuracy.
• Monitor booking status, payment milestones, instalment schedules, customer ledgers, and payment history.
• Generate accurate financial and operational reports covering:
• Revenue tracking
• Broker and sales commission calculations
• Coordinate with Sales, Collections, Finance, and CRM teams to ensure data integrity.
• Support automation of commission calculations, customer payment tracking, and invoice monitoring.
• Monitor customer receivables, booking payments, instalment collections, and post-handover payments.
• Track overdue customer accounts and coordinate with collection teams for timely follow-up.
• Maintain complete financial documentation for all customer transactions.
• Prepare customer aging reports, receivable analysis, and collection forecasts.
• Perform regular customer and vendor account reconciliations.
• Support customer refund processing, account settlements, and payment adjustments where applicable.

4. Finance, Project Accounting & Escrow Management

• Lead and manage the organization's overall finance and accounting operations.
• Monitor project profitability, financial performance, budgets, and cash flow.
• Prepare management reports and provide financial insights to support strategic business decisions.
• Manage project accounting activities and monitor development expenditure.
• Oversee escrow accounts and monitor project cash movements in accordance with regulatory requirements.
• Ensure proper utilization and allocation of project funds.
• Review payment approvals, treasury transactions, and fund disbursements.
• Coordinate with banks regarding project financing, escrow accounts, banking facilities, and guarantees.
• Support project financial planning, forecasting, and operational fund requirements.

5. VAT, Regulatory Compliance & Financial Governance

• Ensure accurate VAT treatment for all real estate transactions in accordance with UAE VAT regulations.
• Review supplier invoices and tax invoices for VAT compliance.
• Prepare VAT workings, reconciliations, and supporting schedules.
• Ensure compliance with IFRS revenue recognition standards.
• Maintain audit-ready financial records and supporting documentation.
• Ensure compliance with RERA regulations, AML requirements, escrow regulations, and other UAE real estate compliance standards.
• Support internal and external audits while ensuring adherence to company financial policies and procedures.

Qualifications & Experience

• Bachelor's Degree in Finance, Accounting, Commerce, or a related discipline.
• Professional qualification such as CPA, CA, ACCA, CMA, or equivalent will be an added advantage.
• Minimum 12-15 years of finance experience, including 5-8 years within a UAE real estate developer organisation.
• Strong expertise in Sales Purchase Agreements (SPA) and developer finance operations.
• Hands-on experience with Salesforce CRM, ERP systems, and real estate financial systems.
• Strong experience in customer collections, receivables management, installment payment plans, and revenue accounting.
• Proven experience in project accounting, escrow account management, treasury operations, and project cash flow management.
• Strong understanding of IFRS revenue recognition principles.
• Excellent analytical, leadership, communication, problem-solving, and stakeholder management skills.