Job Description

The Chief Accountant is responsible for leading and managing all accounting operations for the property management and real estate portfolio. This includes financial reporting, budgeting, revenue recognition, cash flow management, and ensuring full compliance with IFRS and regulatory requirements. The role provides strategic financial insights to support investment decisions, asset management, and overall financial performance of the company's real estate operations.

Key Responsibilities:Financial Accounting & Reporting

Oversee daily accounting operations for property management entities, owners' associations, and real estate investments. Prepare and review monthly, quarterly, and annual financial statements in compliance with IFRS. Ensure accurate and timely recording of revenues, lease income, service charges, and related expenses. Conduct monthly closing activities and prepare consolidated management reports for leadership review. Maintain the general ledger, ensuring the integrity and accuracy of financial data.

Budgeting & Forecasting

Lead the preparation of annual budgets, forecasts, and variance analysis for each property and portfolio. Collaborate with Property Managers and Asset Managers to ensure financial targets align with operational goals. Monitor budget utilization and implement cost control measures across all real estate operations.

Cash Flow & Treasury Management

Manage cash flow planning, rent collections, supplier payments, and service charge reconciliations. Supervise tenant account settlements, refunds, and deposits to maintain financial integrity. Liaise with banks for financing, reconciliations, and optimizing liquidity positions.

Audit & Compliance

Coordinate with internal and external auditors to ensure smooth audit execution and timely resolution of audit findings. Ensure compliance with all statutory requirements, tax laws (VAT, corporate tax), and real estate regulations. Implement and enhance internal financial controls across the accounting cycle.

System & Process Management

Oversee accounting systems (e.g., Yardi, Oracle, SAP, Odoo, or equivalent ERP) ensuring proper configuration for real estate operations. Drive process improvement initiatives to automate reporting and strengthen internal governance. Ensure proper segregation of duties and adherence to company policies.

Team Leadership

Supervise and mentor the accounting team to maintain high performance and accuracy levels. Establish KPIs for finance team members and promote a culture of accountability and continuous improvement.

Qualifications & Experience:

Bachelor's Degree in Accounting, Finance, or Commerce (Master's preferred). CPA, CMA, ACCA, or equivalent professional certification is required. Minimum

8-12 years of accounting experience

, with at least

5 years in property management or real estate

. Strong understanding of IFRS, real estate revenue recognition, and property fund accounting. Proficient in ERP systems (Yardi, Oracle, SAP, or similar) and advanced Excel/Power BI skills. Solid experience managing audits, service charge reconciliations, and lease accounting. Excellent analytical, leadership, and communication skills.

Core Competencies:

Strategic Financial Management Real Estate Accounting Expertise Risk and Compliance Management Analytical and Decision-Making Skills Stakeholder Engagement & Reporting Leadership and Team Development Process Optimization & Systems Management
Job Type: Full-time

Pay: AED10,000.00 - AED20,000.00 per month