Finance Executive - Accounts Payable

About the role

Ellington Properties Development LLC is hiring a Finance Executive for its Accounts Payable function in Dubai. The role keeps accurate accounting records for real estate development projects, manages contractor and supplier payments, and supports month-end and year-end closing.

Key responsibilities

• Maintain accurate accounting records for real estate development projects and prepare project-wise cost reports (budget, actual cost, commitments and variances).
• Manage contractor payments, retention amounts, advance payments, advance recoveries and contractor deductions.
• Manage AP transactions through the trust account system / escrow accounts.
• Maintain contractor and supplier ledgers and reconcile statements regularly.
• Coordinate with auditors and provide supporting documentation for project transactions.
• Ensure proper accounting treatment of project costs and expense classification, and support month-end and year-end closing.
• Record and reconcile VAT and other applicable UAE tax transactions, and ensure invoices are allocated to the right project, cost code and trust account / escrow account.
• Obtain supporting documents and approvals before processing payments, and renew project guarantees and contracts on time.

Required profile

• UAE experience is mandatory; a bachelor's degree in Accounting, Finance or a related discipline.
• 2-3+ years in Accounts Payable / Project Accounting, preferably in UAE real estate, construction or property development.
• Strong practical experience with contractor and supplier accounting (retentions, advances, recoveries, deductions, payment certificates) and project-based cost allocation.
• Experience with trust accounts / escrow accounts in the UAE is highly desirable; candidates with UAE real estate project accounting and VAT experience are preferred.

Required skills

• Good knowledge of UAE VAT and tax-related accounting.
• Strong understanding of accounting principles and AP processes.
• Oracle ERP is an advantage; strong Excel skills for cost and reconciliation reports.
• Attention to detail, accuracy, strong reconciliation and analytical skills, and the ability to work independently and meet deadlines.