General Accountant – Real Estate Brokerage

General Accountant – Real Estate Brokerage

Overview

The General Accountant supports the financial operations of the real estate brokerage by managing day‑to‑day accounting activities, ensuring accurate transaction recording, and maintaining compliance with industry regulations. This role plays a key part in tracking commissions, reconciling trust accounts, and providing financial insights that help the brokerage operate efficiently.

Key Responsibilities

1. Financial Accounting & Reporting

• Prepare and maintain general ledger entries, adjusting entries, and month‑end closing activities.
• Produce accurate financial statements (P&L, balance sheet, cash flow) for management review.
• Monitor cash flow and prepare periodic financial performance reports.

2. Commission & Transaction Management

• Process agent commissions, splits, referral fees, and transaction-related payouts.
• Reconcile commission statements with closing documents, sales contracts, and brokerage agreements.
• Maintain accurate records of property transactions and agent billing.

3. Accounts Payable & Receivable

• Manage vendor invoices, payments, and expense reimbursements.
• Issue invoices to agents or clients when applicable (e.g., desk fees, marketing charges).
• Track receivables and follow up on outstanding balances.

4. Bank & Trust Account Reconciliation

• Perform daily, weekly, and monthly bank reconciliations.
• Manage trust accounts in compliance with real estate regulatory requirements.
• Ensure proper segregation of client funds and timely disbursements.

5. Compliance & Audit Support

• Maintain compliance with local real estate regulations, RERA (if in UAE), and financial reporting standards.
• Prepare documentation for internal and external audits.
• Ensure proper recordkeeping for all brokerage transactions.

6. Budgeting & Forecasting

• Assist in preparing annual budgets and financial forecasts.
• Monitor actual performance vs. budget and highlight variances.
• Provide financial insights to support business planning and decision‑making.

7. Systems & Process Management

• Maintain accounting systems (Zohobooks).
• Improve accounting workflows and internal controls.

Qualifications

• Education & Experience
• Bachelor’s degree in Accounting, Finance, or related field.
• 2–5 years of accounting experience; real estate or brokerage experience preferred.
• Knowledge of real estate commission structures and trust accounting is a strong advantage.

Skills

• Strong understanding of accounting principles and financial reporting.
• Proficiency with accounting software and MS Excel.
• High attention to detail and accuracy.
• Ability to manage multiple deadlines in a fast‑paced environment.
• Strong communication and problem‑solving skills.

Job Types: Full-time, Permanent

Ability to commute/relocate:

• Dubai: Reliably commute or planning to relocate before starting work (Required)