Senior Financial Accountant – Owners Association & Community Management

About the role

We are looking for a Senior Financial Accountant to manage the financial operations of owners associations and community management in Dubai. The role involves budgeting, invoicing, collection and reporting in compliance with RERA regulations and UAE VAT requirements.

Key responsibilities

• Prepare owners association budgets and calculate service charges in accordance with STRATA Law and RERA regulations.
• Facilitate release of payments to service providers and suppliers based on approved budgets and escrow trustee bank requirements.
• Generate and issue service charge invoices to residence owners using RERA’s Mollak system.
• Manage the service charge collection process, maintain records, track outstanding amounts and reconcile with the regulated bank account and Mollak system.
• Invoice, collect and deposit other OA incomes such as hot water, potable water, gas charges and penalties, maintaining proper records.
• Prepare financial reports required by auditors and RERA.
• Track VAT collected and paid, ensuring timely filing of VAT returns.
• Provide periodic MIS reports to management.
• Perform standard bookkeeping and accounting tasks for STRATA/Body corporate and maintain related financial records.

Required profile

• Bachelor’s degree in Accounting, Finance or a related discipline.
• Minimum 3 years of hands‑on experience in owners association, community/strata or property management accounting.
• Strong knowledge of RERA regulations, STRATA law and owners association financial requirements.
• Experience with the Mollak system for budgeting, invoicing and collections.
• Understanding of UAE VAT regulations and financial reporting requirements.
• Excellent English communication skills, both written and verbal.
• Ability to work independently and manage the complete accounting function of a residential community.

Required skills

• Mollak system
• Advanced Microsoft Excel
• Accounting software