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Emirates Limited Contracting Company LLC

Job Title: Financial Controller &ndash; Real Estate Development GroupReporting to: Group CFO Location: UAE Employment Type: Full-timeRole PurposeThe Financial Controller is responsible for end-to-end financial control, statutory reporting, and group consolidation across multiple real estate development entities, SPVs, and joint ventures. The role ensures IFRS-compliant financial statements, robust internal controls, and full compliance with UAE real estate regulatory, tax, and escrow requirements, while supporting executive management and the Board.Key Responsibilities1. Financial Control &amp; Reporting&middot; Oversee the full accounting cycle across development entities and SPVs (GL, AP, AR, FA, payroll, accruals, WIP).&middot; Ensure timely monthly, quarterly, and annual financial closing at entity and group level.&middot; Prepare and review standalone and consolidated financial statements in accordance with IFRS.&middot; Ensure accurate accounting for:o Off-plan sales and revenue recognition (IFRS 15)o Construction costs, work-in-progress, and capitalizationo Investment properties (IAS 40)o Joint ventures and associates (IFRS 11 / IAS 28)o Leases (IFRS 16)o Long-term land arrangements (e.g., Musataha)2. Group Consolidation&middot; Manage group consolidation including intercompany reconciliations, eliminations, and minority interest.&middot; Ensure accurate JV reporting and equity accounting.&middot; Maintain and control a group-wide Chart of Accounts (COA) aligned with management and statutory reporting.&middot; Support consolidation through ERP or consolidation tools (Oracle / SAP / D365 or equivalent).3. Regulatory Compliance &amp; Escrow Control&middot; Ensure compliance with UAE real estate regulations, including project-specific escrow requirements.&middot; Oversee escrow account accounting, movements, and reconciliations.&middot; Coordinate mandatory escrow audits and statutory audits with external auditors.&middot; Ensure compliance with UAE VAT and Corporate Tax regulations.&middot; Maintain strong accounting policies, SOPs, and internal control frameworks.4. Audit, Governance &amp; Risk&middot; Act as primary finance contact for external auditors, regulators, and advisors.&middot; Ensure smooth execution of statutory, tax, and escrow audits with minimal adjustments.&middot; Support the CFO in strengthening financial governance, DOA, and control environment.&middot; Identify financial risks and recommend control and process improvements.5. Budgeting, Forecasting &amp; Financial Analysis&middot; Support preparation and monitoring of annual budgets and rolling forecasts.&middot; Perform variance analysis (budget vs actual) at project, entity, and group level.&middot; Support project feasibility reviews, cost control, and margin analysis.&middot; Provide timely financial insights to senior management for decision-making.6. Systems &amp; Process Improvement&middot; Lead or support ERP implementation and finance digitization initiatives.&middot; Ensure proper system configuration for:o Project accountingo Escrow trackingo Revenue recognitiono Consolidation and reporting&middot; Drive standardization and automation of finance processes across the group.7. Team Leadership &amp; Management&middot; Lead, mentor, and review the work of chief accountants and senior accountants across subsidiaries and JVs.&middot; Ensure consistency, accuracy, and timeliness of financial reporting across entities.&middot; Build a strong financial control and compliance culture.Qualifications &amp; Certifications (Mandatory)&middot; Bachelor&rsquo;s degree in Accounting, Finance, or related field.&middot; Professional certification required:o ACCA / CPA / CA / CMA&middot; Strong technical knowledge of IFRS, particularly IFRS 15, IFRS 16, and consolidation standards.Experience Requirements&middot; 8&ndash;12 years of progressive accounting and finance experience.&middot; Minimum 3&ndash;5 years in a Financial Controller, Senior Finance Manager, or equivalent role.&middot; Proven experience in:o Real estate developmento Group consolidationo Multi-entity / SPV environments&middot; UAE experience is highly preferred.Systems &amp; Technical Skills&middot; ERP experience (Oracle, SAP, D365, or equivalent).&middot; Advanced Excel and financial reporting skills.&middot; Experience with project-based accounting and consolidation tools.&middot; Strong understanding of UAE tax and real estate regulatory environment.Key Competencies&middot; Strong governance and compliance mindset.&middot; High attention to detail with ability to manage group-level complexity.&middot; Clear communicator with auditors, banks, and senior management.&middot; Hands-on, structured, and deadline-driven.&middot; High integrity and professional judgment.Job Type: Full-timeApplication Question(s):<ul><li>1. How do you recognize revenue for off-plan real estate sales under IFRS?</li><li>2. How do you treat construction costs and work-in-progress (WIP) in a development project?</li><li>3. How do you account for joint ventures at group level?</li><li>4. What are the key controls around escrow accounts in real estate development?</li><li>5. Which accounting systems and ERP platforms have you used?</li></ul>Work Location: Remote

Financial Controller

Position: Chief Accountant &ndash; Real Estate Development Location: UAE Reporting to: CFORole OverviewThe Chief Accountant will lead the accounting function for a real estate development company, ensuring full compliance with UAE regulations, IFRS, VAT, and RERA/Escrow requirements. The role is critical in supporting off-plan sales, project accounting, cost control, and month-end reporting.Key ResponsibilitiesCore Responsibilities1. P&amp;L Ownership &amp; Financial Reporting (Key Accountability)<ul><li>Prepare monthly project-wise and entity-level P&amp;L statements</li><li>Ensure accurate cost classification (direct, indirect, overhead allocation)</li><li>Analyze budget vs actuals and explain variances</li><li>Track project profitability, margins, and cost leakage</li><li>Support CFO with management P&amp;L packs and dashboards</li><li>Maintain clear linkage between P&amp;L, balance sheet, and cash flow</li><li>Support consolidation inputs where applicable</li></ul>2. Real Estate &amp; Project Accounting<ul><li>Maintain project-based accounting structure</li><li>Monitor WIP, cost-to-complete, and accrued costs</li><li>Support IFRS 15 revenue recognition for off-plan sales</li><li>Manage unit inventory accounting (sold, unsold, handover status)</li><li>Prepare project financial summaries for management review</li></ul>3. Escrow, Compliance &amp; Controls<ul><li>Manage RERA escrow accounts and withdrawal tracking</li><li>Ensure all collections and payments comply with escrow rules</li><li>Coordinate annual escrow audit and regulatory submissions</li><li>Maintain audit-ready documentation at all times</li></ul>4. VAT &amp; Statutory Reporting<ul><li>Prepare and review VAT returns related to real estate activities</li><li>Ensure correct VAT treatment for residential and commercial units</li><li>Handle statutory filings and external auditor requirements</li></ul>5. Month-End Closing &amp; Accounting Operations<ul><li>Lead month-end and year-end closing</li><li>Ensure accuracy of GL, AP, AR, accruals, provisions, and prepayments</li><li>Reconcile balance sheet accounts on a monthly basis</li><li>Maintain accounting policies and SOPs</li></ul>6. Systems, ERP &amp; Process Support<ul><li>Operate and improve ERP systems (Odoo / Oracle / SAP / Zoho)</li><li>Ensure correct chart of accounts and project coding</li><li>Support CFO in system migration, automation, and reporting improvements</li><li>Strengthen internal controls and approval workflows</li></ul>7. CFO Support &amp; Management Requests<ul><li>Respond to ad-hoc financial requests from CFO and management</li><li>Prepare financial schedules, explanations, and reconciliations as required</li><li>Support Board, audit, and bank reporting packs when needed</li><li>Act as the single point of truth for accounting numbers</li></ul>Qualifications &amp; Experience<ul><li>Bachelor&rsquo;s degree in Accounting / Finance</li><li>Professional certification preferred (ACCA / CPA / CMA)</li><li>7&ndash;10 years&rsquo; experience in UAE real estate development</li><li>Strong knowledge of RERA, Escrow, VAT, IFRS 15</li><li>Experience with off-plan projects is mandatory</li></ul>Key Skills<ul><li>Strong analytical and reconciliation skills</li><li>Hands-on, detail-oriented, and deadline-driven</li><li>Excellent communication with internal and external stakeholders</li></ul>Job Type: Full-timeApplication Question(s):<ul><li>1️⃣ Question &ndash; Real Estate Accounting Experience</li></ul>Q: Do you have hands-on accounting experience in a real estate development company in the UAE? Please briefly describe the type of projects you handled.<ul><li>2️⃣ Question &ndash; Project &amp; P&amp;L Reporting</li></ul>Q: Have you prepared project-wise and company-level P&amp;L reports? How often?<ul><li>3️⃣ Question &ndash; Off-Plan Sales &amp; Revenue Recognition</li></ul>Q: How is revenue recognized for off-plan real estate projects?<ul><li>4️⃣ Question &ndash; Escrow &amp; Regulatory Compliance</li></ul>Q: Have you worked with RERA escrow accounts and escrow audits?<ul><li>5️⃣ Question &ndash; Accounting Systems Used (Final Question)</li></ul>Q: Which accounting or ERP systems have you used, and which one did you use most recently?Education:<ul><li>Bachelor's (Preferred)</li></ul>Experience:<ul><li>UAE real estate development: 7 years (Required)</li></ul>License/Certification:<ul><li>no (Preferred)</li></ul>Location:<ul><li>Remote (Preferred)</li></ul>Work Location: Remote

Chief Accountant - Real Estate Development

Join Emirates Limited Contracting Company LLC and explore 2   exciting career opportunities. They're hiring for various roles with options for remote or on-site work. Apply today and become part of their innovative team.

Emirates Limited Contracting Company LLC

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Financial Controller

Chief Accountant - Real Estate Development