Senior Accountant- Treasury

Job Title: Senior Treasury Accountant - Real Estate

We are seeking a Senior Treasury Accountant specializing in Real Estate to handle comprehensive liquidity management, including daily cash balance monitoring and fund transfers to disbursement accounts for our client based in Dubai, one of the largest companies in the region.

This is a contract role with an initial duration of 12 months, which is renewable.

The position is within the Treasury Department and reports directly to the Treasury Director.

Ideal candidates are passionate Senior Accountants with experience in Real Estate industry, particularly working with large developers.

Key Responsibilities:

1. Liquidity Management:

• Monitor daily cash balances and transfer funds to disbursement accounts.
• Manage interbank transactions via bank portals.
• Prepare weekly and bi-weekly cash flow reports and forecasts.
• Process fixed deposits and compile monthly cash flow reports.
• Allocate funds to projects per restrictions.
• Monitor forex transactions.
• Coordinate with AR and AP for timely payments.
• Generate project and entity cash flow reports as requested by MIS.
• Assist management with liquidity information.

• Manage liquidity and process developer equity.
• Review financial data and process profit withdrawals.
• Ensure compliance with RERA guidelines and process retention transfers.
• Coordinate with account trustees for payments and account activations.
• Update TAS with profit receipts.

• Manage bank accounts and ensure MT940 statements are uploaded.
• Update transaction codes and configure sweeps.
• Account for interbank transactions, interest, and charges.
• Perform month-end closing and share information with GL.
• Reconcile bank accounts.

• Calculate interest and principal repayments.
• Assist in covenant testing.
• Manage loan schedules and share information with GL.
• Handle month-end loan schedules and interest provisions.

• Provide treasury information for audits.

Knowledge, Skills & Experience:

• Bachelor's degree in Accounting, Finance, or related field; CPA preferred.
• Proven experience as a senior accountant.
• Strong knowledge of accounting principles and regulations.
• Proficiency in Oracle or similar ERP systems.
• Advanced MS Excel skills.
• Excellent analytical, organizational, and communication skills.
• Detail-oriented and accurate.

Additional Information:

• Candidates should be available immediately or within 30 days of accepting the offer.
• Applicants must be authorized to work in the United Arab Emirates.

Please apply with your resume and contact details. We will review applications within 7 working days. If your profile matches the role, a consultant from Edari will contact you for further discussion and next steps.