Finance Manager

Key Responsibilities

1. Financial Reporting & Accounting

• Prepare monthly, quarterly, and annual financial statements (P&L, Balance Sheet, Cash Flow).

• Ensure timely month-end and year-end closing.

• Maintain accurate accounting records for sales, commissions, escrow movements, and receivables.

• Provide management reports with clear financial insights for decision-making.

2. Cash Flow & Escrow Management (Critical)

• Monitor daily cash flow and bank balances.

• Manage escrow accounts in coordination with banks and developers.

• Track client payments, post-dated cheques, and developer schedules.

• Ensure proper allocation of funds between operating and escrow accounts.

3. Commission & Revenue Control

• Manage broker and agent commission structures.

• Ensure commissions are paid only after meeting contractual milestones.

• Reconcile commissions with sales contracts and developer statements.

• Prevent revenue leakage and overpayment.

4. Budgeting & Forecasting

• Prepare annual budgets and periodic forecasts.

• Monitor actual performance vs budget and highlight variances.

• Support expansion planning (new offices, hiring, marketing budgets).

5. UAE Compliance

• Ensure VAT compliance on brokerage fees, leasing commissions, and service charges.

• Prepare and file VAT returns accurately and on time.

• Coordinate with FTA, auditors, and tax consultants.

• Ensure compliance with UAE Commercial Companies Law and accounting standards.

6. Internal Controls & Risk Management

• Establish and maintain strong internal control systems.

• Ensure proper approval workflows for payments and commissions.

• Oversee receivables collection and credit control.

• Reduce financial, legal, and operational risks.

7. Audit & External Coordination

• Manage external audits and statutory filings.

• Coordinate with banks, developers, legal advisors, and regulators.

• Maintain clean, audit-ready financial records.

8. Team Management

• Lead and supervise accountants and finance staff.

• Set KPIs and improve efficiency, accuracy, and accountability.

• Train team members on real estate finance processes and compliance.

9. Management & Strategic Support

• Act as a financial advisor to the CEO / Management.

• Provide financial analysis on pricing, incentives, and project feasibility.

• Support strategic decisions with data-driven insights.

Required Experience & Qualifications

• Minimum 5–8 years of experience in finance, with real estate experience in Dubai.

• Strong understanding of Dubai real estate transactions, escrow accounts, and commission models.

• Experience with VAT in real estate brokerage and leasing.

• Bachelor’s degree in Finance / Accounting.

• CPA / ACCA / CMA is a strong advantage.

• Strong command of Excel, accounting software, and reporting tools.

• High integrity, detail-oriented, and firm in control.

Job Type: Full-time

Pay: AED10,000.00 - AED15,000.00 per month

Experience:

• real estate : 1 year (Preferred)