Senior Accountant - Real Estate

About the role

A real estate business in Abu Dhabi is looking for a highly experienced, detail-oriented Senior Accountant to oversee its accounting and financial reporting functions. The role covers full-cycle accounting, financial reporting, property and project accounting and regulatory compliance, and is based on site.

Key responsibilities

• Manage the complete accounting cycle for real estate projects, property investments and corporate entities
• Prepare and finalise monthly, quarterly and annual financial statements (Trial Balance, P&L, Balance Sheet, Cash Flow)
• Ensure timely month-end, quarter-end and year-end closing
• Maintain books of account in line with IFRS and local regulations
• Prepare management reports, financial analysis and variance reports for senior management
• Record and monitor project costs, construction and land acquisition costs, and maintain project-wise cost allocations and budget monitoring
• Account for property sales, customer collections, escrow accounts and revenue recognition
• Reconcile project transactions, contractor payments, retention amounts and customer receivables
• Monitor fixed assets, investment properties and depreciation schedules
• Review journal entries, ensure proper expense classification and compliance with VAT, corporate tax and other regulations
• Prepare audit schedules, coordinate with auditors, tax consultants, banks and regulators, and strengthen internal controls
• Assist with annual budgets, forecasts and cash flow projections, and provide financial analysis to support decisions

Required profile

• Bachelor's degree in Accounting, Finance or a related discipline
• 5-8 years of relevant accounting experience, preferably in real estate, property development, construction or property investment
• Professional qualification such as ACCA, CPA, CA or CMA is an added advantage
• Experience supervising junior accounting staff

Required skills

• Strong knowledge of IFRS, financial reporting, project accounting and revenue recognition
• Hands-on experience with full sets of accounts and financial statements
• ERP/accounting software such as SAP, Oracle, Microsoft Dynamics or Tally
• Advanced Microsoft Excel