Junior Accountant | Real Estate Development Experience Required

Nationwide Middle East Properties LLC; Abu Dhabi; On-site; AED 70,000 - 110,000; Full time

Job summary

Nationwide Middle East Properties LLC in Abu Dhabi, UAE, seeks an experienced Accountant with a Real Estate Developer background to manage accounting operations, project financials, customer receivables and broker commissions.

The role requires IFRS, UAE VAT knowledge, advanced Excel and ERP/CRM experience, plus collaboration with Sales and Finance to ensure accurate revenue recognition and escrow handling across development projects.

Qualifications

• Bachelor's degree in accounting, finance, or related field.
• Minimum 1–2 years accounting experience in UAE.
• Minimum 3 years in a real estate developer company.
• Experience calculating commissions for brokers and sales teams.
• Strong understanding of off-plan sales, escrow accounts, revenue recognition, and real estate cycles.
• Advanced Excel and ERP/CRM experience.

Responsibilities

• Maintain financial records and ledgers for the developer projects.
• Prepare project financials, reports, and cash flow analysis.
• Manage payables/receivables and reconciliations.
• Record project costs, budgets, and cost allocations.
• Handle escrow accounts and revenue recognition related to development.
• Calculate and process broker and sales commissions; manage adjustments.

Skills

Financial reporting

Reconciliation

Budgeting & forecasting

Commission calculations

ERP/CRM experience

Excel skills

Internal controls

Education

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

Tools

ERP systems

CRM systems

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 1-2 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.