Accountant / Finance Specialist

Industry: Real Estate Development

Location: Dubai

Role Purpose

We are seeking a detail-oriented Accountant / Finance Specialist to support the financial operations of our real estate development projects. The role is responsible for day-to-day accounting activities, project-based financial tracking, escrow account coordination, and compliance with UAE regulations, while supporting management with accurate financial reporting and controls.

This position is ideal for a hands-on professional with experience in real estate development, construction accounting, or project-based finance.

Key Responsibilities

1. Accounting & Financial Operations

• Maintain accurate accounting records, general ledger entries, and journal postings.

• Prepare monthly financial statements and management reports.

• Handle accounts payable and receivable, including contractor, consultant, and supplier payments.

• Reconcile bank statements, escrow accounts, and company accounts.

2. Project & Development Accounting

• Track project costs, budgets, and expenditures against approved cash flows.

• Monitor Interim Payment Certificates (IPCs) and contractor claims.

• Coordinate advance payments, retention amounts, and performance bond records.

• Support cost control and variance analysis for ongoing projects.

3. Escrow & RERA Coordination

• Coordinate with banks regarding escrow (SCRU) accounts.

• Assist with RERA/TAS financial reporting and compliance requirements.

• Maintain escrow inflow/outflow tracking and supporting documentation.

• Support bank inspections and audits related to project financing.

4. Compliance, Tax & Audit Support

• Ensure compliance with UAE accounting standards and company policies.

• Assist with VAT filings, VAT returns, and documentation.

• Support external auditors, banks, and regulatory reviews.

• Maintain organized financial records for audits and authority requirements.

5. Internal Controls & Administration

• Implement and monitor internal financial controls and approval processes.

• Support contract administration from a financial perspective.

• Assist management with financial planning, forecasting, and cash flow monitoring.

Skills & Requirements

• Bachelor’s degree in Accounting, Finance, or related field.

• 3–5 years of accounting experience, preferably in real estate development or construction.

• Strong knowledge of project-based accounting and cost tracking.

• Familiarity with escrow accounts, contractor payments, and IPC certification.

• Experience with VAT compliance in the UAE.

• Proficient in accounting software (e.g., Tally, QuickBooks, SAP, or similar).

• Strong Excel skills and reporting capability.

• High attention to detail, accuracy, and confidentiality.

• Ability to work independently and meet deadlines.

Ideal Candidate Profile

• Organized, disciplined, and process-driven.

• Comfortable working in a fast-paced real estate development environment.

• Strong communication skills and professional judgment.

• Proactive in identifying financial risks and inefficiencies.

Job Type: Full-time

Pay: AED21.60 - AED26.02 per hour