Officer - Accounts Receivables

Shamal Holding; Dubai; On-site; AED 50,000 - 90,000; Full time

Job summary

An established industry player seeks an Officer for Accounts Receivable to manage accounting entries for real estate projects. This dynamic role involves ensuring accurate invoicing, bank reconciliations, and customer refunds in line with company policies. The ideal candidate will have a strong background in accounting within the real estate sector, demonstrating expertise in financial principles and tools like Salesforce and Oracle Fusion. Join a forward-thinking firm that values strategic investments and offers a vibrant work environment in the heart of Dubai.

Qualifications

• 5+ years of experience in accounting within the real estate industry.
• Proficient in handling accounts receivable and bank reconciliations.

Responsibilities

• Ensure timely and accurate invoicing of sales units and lands.
• Prepare AR aging reports and manage overdue collections.
• Coordinate with business units on revenue-related issues.

Skills

Accounting Principles

Real Estate Accounting

Bank Reconciliation

Customer Refunds Management

Escrow Rules Knowledge

Salesforce

Oracle Fusion

Education

Bachelor's Degree in Accounting/Finance

CA/CPA/ACCA Certification

Job description

Shamal Holding is a diversified investment firm that cultivates the extraordinary. Born in Dubai, we curate a unique portfolio of extraordinary investments, experiences and assets to generate meaningful outcomes. The investments we make are strategically chosen and thoughtfully nurtured, mirroring Dubai’s ambition, spirit and energy. As a global investor, asset owner and developer we utilise our resources, know-how and connections, to deliver long-term value, wherever we operate.

As Shamal Holding continues to grow, we’re in search of an Officer - Accounts Receivable. In this role you will ensure that accounting entries for real estate projects (receipts, invoices, JV) are timely and accurately recorded and in accordance with the accepted principles followed by the company.

Responsibilities:

• Ensure that the activities related to collections & banking are in line with the policies.
• Assure timely and accurate invoicing of sales units & lands.
• Review the bank reconciliation and take the necessary actions.
• Ensure customer refunds are calculated accurately, as per policy and DOA.
• Review the unapplied receipts on a regular basis.
• Reconciliation of AR subledger balance vs Trial Balance.
• Prepare the AR schedules and take the necessary actions for cleanup of the long outstanding balances.
• Ensure the business units timely deposit the cash.
• Co-ordinate with BU’s on any issue relating to revenues.
• Review the workflows & action accordingly.
• Prepare the AR aging report, the new sales and collection report, PDC report, bounced report, etc. monthly for management.
• Follow up with business on collection & update the overdue status accordingly.
• Handle and provide submissions for escrow audit.
• Familiar with the escrow rules for collection under RERA regulations and TAS system (Trust Account System).
• Familiar with sales force and Oracle Fusion.
• Ensure Internal and external audit requirements are met.
• Verify the management fees of DHRE.
• Support the sales team in daily activities.
• Review the AR VAT Register.
• Review the cheques, recall requests and follow up on the replacement.
• Perform other tasks as assigned.

Minimum Qualifications & Experience:

• Bachelor's degree in accounting/finance.
• CA/CPA/ACCA professional certification is preferrable.
• A minimum of 5+years' experience in handling the role within the real estate industry.

For more information about Shamal, please visit our LinkedIn page: https://www.linkedin.com/company/shamalholding/

Note:

Due to a high influx of profiles, only shortlisted candidates will be contacted.