Senior Financial Accountant (Owners AssociationCommunity Management)

Palazzo Versace Dubai; Dubai; Vor Ort; AED 167.000 - 279.000; Vollzeit

Zusammenfassung

Palazzo Versace Dubai is seeking an experienced OA Accountant to manage the financial operations of a residential Owners Association. You will prepare budgets, service charges, and invoicing using Mollak, ensuring compliance with STRATA Law and RERA regulations.

The role involves VAT handling, bank reconciliations, and financial reporting for auditors. The ideal candidate has 3+ years in OA/STRATA accounting, strong Excel skills, and the ability to work independently in a high-end Dubai

Qualifikationen

• Bachelor's Degree in Accounting, Finance or related discipline.
• Minimum 3 years OA/STRATA/Property Management accounting experience.
• Strong knowledge of UAE VAT regulations and financial reporting.
• Hands-on Mollak system experience for budgeting, invoicing, collections and reporting.
• Familiarity with RERA regulations and STRATA Law.

Aufgaben

• Prepare OA budgets and calculation of service charges per STRATA Law and RERA rules.
• Facilitate payments to service providers per approved budget and RERA requirements.
• Issue service charge invoices using Mollak system and ensure timely delivery.
• Manage service charge collections and bank reconciliations with OA records.
• Record OA incomes (hot water, potable water, gas, penalties) and maintain records.
• Prepare financial reports for Auditors and RERA compliance.
• Track VAT collected/paid and file VAT returns/payments.
• Provide MIS reports to management on a periodic basis.
• Maintain day-to-day bookkeeping for STRATA/Body Corporate operations.

Kenntnisse

OA accounting

STRATA Law

RERA regulations

Mollak system

VAT knowledge

Excel proficiency

Accounting software

Analytical skills

Organizational skills

Problem-solving

English communication

Ausbildung

Bachelor's degree in Accounting/Finance

Tools

Mollak system

MS Excel

Jobbeschreibung

Key Responsibilities

• Prepare Owners Association budgets & calculation of Service Charges in accordance with the STRATA Law and other Rules and Regulations as prescribed by the Real Estate Regulatory Agency Dubai (RERA).
• Facilitate release of payments to various service providers and suppliers in line with the approved budget and as per requirements prescribed by RERA and Escrow Trustee bank.
• Well versed with RERAs Mollak system to facilitate generation and issuance of Service Charges invoices to Residence Owners on time.
• Manage service charges collection process maintain records of Service Charges received from the Residence Owners track outstanding service charges and reconciliation of the amount received in the Regulated bank account and RERAs Mollak system.
• Facilitate Invoicing Collection and Depositing of other OA incomes such as Hot Water Potable Water Gas charges Penalties etc. received and maintain proper records of the same.
• Prepare financial reports as required by the Auditors & RERA.
• Keep track of VAT collected & paid and ensure timely filing of VAT returns and / or payments to the respective authority.
• Provide periodical MIS reports to the management.
• Perform other standard book keeping & accounting tasks associated with the day-today operations and management of STRATA / Body corporate and maintain accounting records of all associated financial transactions.

Candidate Requirements

• Bachelors Degree in Accounting Finance or a related discipline.
• Minimum 3 years of hands‑on Owners Association (OA) Community Management STRATA or Property Management accounting experience.
• Strong working knowledge of RERA regulations STRATA Law and Owners Association financial requirements.
• Hands‑on experience using the Mollak system for service charge budgeting invoicing collections and reporting.
• Proven experience in service charge accounting budgeting collections and bank reconciliations.
• Sound knowledge of UAE VAT regulations and financial reporting requirements.
• Proficiency in accounting software and advanced Microsoft Excel.
• Strong analytical organizational and problem‑solving skills.
• Excellent communication skills in English both written and verbal.
• Ability to work independently and manage the complete accounting function of a residential community or Owners Association.

On-site

• Dubai Dubai United Arab Emirates