Job Title: Accountant – Real EstateJob Summary
We are seeking an experienced Accountant with a strong background in real estate accounting to manage financial reporting, property accounting, and tax compliance for our real estate portfolio. The ideal candidate will have hands-on experience with rental properties, property management accounting, and real estate tax regulations.
Key Responsibilities
- Manage full-cycle accounting for residential and/or commercial real estate properties
- Prepare and analyze monthly, quarterly, and annual financial statements
- Reconcile bank accounts, general ledger accounts, and property-level accounts
- Track rental income, CAM charges, property expenses, and escrow accounts
- Record and manage fixed assets and depreciation schedules
- Assist with budgeting, forecasting, and variance analysis
- Prepare and review tax filings related to real estate (property tax, sales tax, partnership returns, etc.)
- Support 1031 exchanges and capital transactions
- Coordinate with external auditors, tax advisors, and property managers
- Ensure compliance with GAAP and local/state regulations
- Oversee accounts payable and receivable processes
Required Qualifications
- Bachelor’s degree in Accounting, Finance, or related field
- With at least 2 years in real estate
- Strong knowledge of real estate accounting principles and tax regulations
- Experience with property management software (e.g., Yardi, AppFolio, MRI)
- Advanced proficiency in Excel
- Strong analytical and problem-solving skills
- Detail-oriented with excellent organizational skills
Preferred Qualifications
- CPA designation
- Experience with multi-entity or multi-property portfolios
- Knowledge of cost segregation and 1031 exchanges
- Experience with residential, commercial, or mixed-use properties
- Experience in real estate development or construction accounting
Job Types: Full-time, Permanent
Pay: AED2,500.00 - AED3,000.00 per month