Finance Manager (REAL ESTATE DEVELOPMENT BACKGROUND)

The Project Finance Manager will manage the end-to-end financial operations of real estate development projects, ensuring strong financial control, compliance with UAE regulations, effective team leadership, and accurate financial reporting throughout the project lifecycle.

Key Responsibilities

Budgeting & Financial Control

• Collect budget inputs from all departments and consolidate project-wise budgets
• Monitor and enforce budget controls throughout the entire project lifecycle
• Prepare budget variance analysis reports and provide financial insights to management
• Support the CFO in preparing financial forecasts and expenditure plans

Procurement & Cost Management

• Coordinate and negotiate with suppliers and vendors for optimal pricing and favorable payment terms
• Verify supplier invoices and ensure accurate cost allocation
• Maintain project-specific cost tracking and detailed cost analysis

Escrow Management

• Create and manage escrow accounts in compliance with UAE real estate regulations
• Maintain accurate escrow reports and ensure timely submission to authorities and stakeholders
• Ensure strict alignment with RERA guidelines and escrow audit requirements

Commission & Internal Financials

• Prepare and oversee sales commission calculations for internal sales teams and external brokers
• Ensure accuracy, approvals, and timely commission disbursement
• Maintain confidentiality and accuracy of internal compensation and commission records

Taxation & Compliance

• Handle VAT submissions, returns, and compliance in accordance with UAE Federal Tax Authority (FTA) regulations
• Ensure timely filing of all tax-related documentation
• Resolve discrepancies and respond to FTA queries and audits

Departmental Leadership & Supervision

• Oversee day-to-day accounting operations including AP, AR, collections, and vendor payments
• Resolve routine operational finance issues promptly
• Lead, train, and mentor finance team members to enhance departmental performance
• Support development and improvement of internal processes and documentation standards

Reporting & External Audit

• Prepare managerial reports including cash flow statements, P&L, and balance sheets
• Liaise with external auditors and ensure timely submission of required documentation
• Follow up on audit observations to ensure a clean audit report

Cross-Functional Coordination

• Coordinate with Sales Operations and Business Development for commission calculations and disbursements
• Work closely with internal finance teams for financial alignment
• Coordinate with Construction, Project, Marketing, and Sales teams to ensure financial accuracy

Requirements

• Bachelor’s degree in Finance, Accounting, Economics, or related field
• Professional certification such as CA, CPA, ACCA, CMA, or CFA is highly preferred
• Minimum 8–12 years of experience, with mandatory experience in real estate development (UAE-based developers preferred)
• Strong experience managing project finance across the full development lifecycle
• Proven experience handling escrow accounts, commission structures, and VAT compliance in the UAE
• Hands-on experience managing AP, AR, collections, and vendor payments
• Prior experience leading and managing finance teams
• Strong understanding of UAE real estate regulations, RERA requirements, and FTA guidelines
• Proficiency in ERP systems and real estate-related financial tools

Job Type: Full-time

Pay: AED12,000.00 - AED15,000.00 per month

Application Question(s):

• What's your notice period??
• What's your expected monthly salary?

Experience:

• Real Estate Development: 3 years (Required)
• Accounting & Finance: 8 years (Required)

Work Location: In person