Senior Accountant

Job Title: Senior Accountant – Development

Department: FinanceCompany : Bamx Investment LLC

Location: H Hotel Reports to: CFO

Job Purpose: The Finance Officer will be responsible for overseeing and managing day-to-day financial transactions, ensuring compliance with accounting standards, and supporting budgeting and reporting activities. The ideal candidate will have a strong background in Development finance, including property transactions, escrow accounts, project costing, and regulatory compliance (e.g., RERA, DLD).

Key Responsibilities:

• Accounts Management
• Maintain accurate financial records for all property-related transactions
• Process accounts payable and receivable, including rent collection, vendor payments, and commission disbursements
• Reconcile bank statements and escrow accounts (e.g., Noqoodi, RERA)
• Budgeting & Forecasting
• Assist in preparing annual budgets and financial forecasts for development projects and operational costs
• Monitor expenditures against budgets and provide variance analysis
• Reporting
• Prepare monthly, quarterly, and annual financial reports
• Generate project profitability reports and ROI analysis for real estate investments
• Support audit processes and prepare documentation for internal and external auditors
• Compliance & Regulatory
• Ensure compliance with local financial regulations, tax laws, and real estate authorities (e.g., RERA, DLD)
• Manage VAT reporting and filing in coordination with tax advisors
• Oversee timely renewal of licenses and permits related to real estate operations
• Cash Flow Management
• Monitor daily cash flow and ensure sufficient liquidity for ongoing operations and projects
• Coordinate with banks on facilities, guarantees, and project financing
• Coordination & Support
• Liaise with property managers, legal, and sales teams to ensure accurate financial handling of deals
• Provide financial guidance to management and assist in strategic decision-making

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field (CPA/ACCA/CMA preferred)
• 3–5 years of experience in a finance role, with at least 2 years in the Developers
• Strong knowledge of real estate accounting principles, escrow management, and project finance
• Familiarity with RERA/DLD regulations and reporting
• Proficiency in accounting software (e.g.,ODOO, Tally, Zoho, or ERP systems)
• Excellent analytical, communication, and organizational skills

Preferred Skills:

• Experience handling real estate project finance, sales transactions, and client payments
• Understanding of real estate development cycles and construction cost tracking
• Knowledge of local banking and regulatory frameworks related to property and escrow

Job Type: Full-time

Pay: AED8,000.00 - AED12,000.00 per month