Senior Accountant

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

Job summary

A leading company in Dubai is seeking a detail-oriented Senior Accountant to manage accounting and financial reporting for Special Purpose Vehicles (SPVs). The role requires expertise in IFRS/GAAP, strong analytical skills, and the ability to handle multiple entities effectively. Candidates should have 5–7 years of relevant experience, ideally in structured finance or real estate. This position offers a competitive salary and a dynamic work environment focused on financial oversight and compliance.

Qualifications

• Minimum of 5–7 years of relevant accounting experience, preferably with SPVs.
• Strong knowledge of IFRS/GAAP and consolidation principles.
• CPA, CA, or ACCA preferred.

Responsibilities

• Maintain accounting records and financial statements for assigned SPVs.
• Prepare financial reports in compliance with IFRS/GAAP.
• Ensure compliance with tax regulations and manage tax planning.

Skills

Analytical skills

Communication

Organizational skills

Education

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

Tools

Accounting software

Job description

A detail-oriented and experienced Senior Accountant to manage and oversee accounting and financial reporting for one or more Special Purpose Vehicles (SPVs). The ideal candidate will have a strong understanding of SPV structures, IFRS/GAAP accounting standards, and experience in managing financial operations for structured finance entities such as real estate or investment holding companies.

Job Responsibilities:

• Maintain accurate accounting records and financial statements for assigned SPVs.
• Prepare monthly, quarterly, and annual financial reports in compliance with applicable accounting standards (IFRS/GAAP).
• Prepare reporting packs for the quarterly / half yearly SPV investors meeting
• Ensure compliance with tax regulations, regulatory filings, and statutory reporting requirements.
• Work with tax consultants to come up with tax optimisation structures on a deal-by-deal basis, ensuring that returns to investors are maximised.
• Open companies at Cayman, Jersey or BVI as required for each structure.
• Manage budgeting, forecasting, and cash flow analysis for SPVs.
• Monitor intercompany transactions, loans, and reconciliations related to SPVs.
• Coordinate with auditors, tax consultants, and legal teams for financial audits and compliance checks.
• Ensure compliance with tax regulations and manage tax planning. Prepare and file monthly/Quarterly and annual VAT returns in accordance with Federal Tax Authority (FTA) requirements. Assist with corporate income tax filings, including preparing tax calculations, tax returns, and required disclosures.
• Oversee bookkeeping, journal entries, general ledger, and asset registers for SPVs.
• Support treasury activities including fund transfers, interest payments, and covenant compliance.
• Manage cash flow, including accounts receivable, accounts payable, and working capital.
• Implement strategies to manage currency risk, interest rate risk, and other financial risks.
• Assist in the setup and dissolution of SPVs, ensuring proper documentation and regulatory filings.
• Provide financial insights and analysis for investment decisions and risk management.
• Maintain strong internal controls and accounting procedures tailored for SPVs.

Qualifications & Skills:

• Bachelor's degree in Accounting, Finance, or related field (CPA, CA, or ACCA preferred).
• Minimum of 5–7 years of relevant accounting experience, preferably with exposure to SPVs, structured finance, real estate, or investment vehicles.
• Strong knowledge of accounting standards (IFRS/GAAP) and consolidation principles.
• Proficiency in accounting software
• Excellent analytical, communication, and organizational skills.
• Ability to manage multiple entities and meet tight deadlines.