Senior Financial Accountant – Owners Association/Community Management

About the role

The Senior Financial Accountant will lead the financial management of the Owners Association for a luxury residential community in Dubai. You will ensure compliance with RERA regulations, manage service charge budgeting, invoicing, collection and reporting, and support the overall financial health of the community.

Key responsibilities

• Prepare Owners Association budgets and calculate service charges in line with STRATA Law and RERA guidelines.
• Release payments to service providers and suppliers according to approved budgets and escrow trustee requirements.
• Use RERA’s Mollak system to generate and issue service charge invoices to residence owners on time.
• Manage the collection process, maintain records of received charges, track outstanding amounts and reconcile bank accounts.
• Invoice, collect and deposit other OA income streams such as hot water, potable water, gas charges and penalties.
• Prepare financial reports for auditors and RERA.
• Monitor VAT collection and payments, ensuring timely filing of returns.
• Provide periodic MIS reports to management and perform standard bookkeeping for STRATA operations.

Required profile

• Bachelor’s degree in Accounting, Finance or a related discipline.
• Minimum 3 years of hands‑on experience in Owners Association, community or property management accounting.
• Strong knowledge of RERA regulations, STRATA Law and OA financial requirements.
• Proven experience with the Mollak system for budgeting, invoicing and reporting.
• Solid background in service charge accounting, budgeting, collections and bank reconciliations.
• Understanding of UAE VAT regulations and financial reporting standards.
• Excellent analytical, organizational and problem‑solving abilities.
• Fluent written and spoken English.
• Ability to work independently and manage the full accounting function of a residential community.

Required skills

• Mollak system
• Microsoft Excel (advanced)
• Accounting software