Escrow Accountant

Dubai, DU, AE, United Arab Emirates
Tomorrow World Real Estate Development L.L.C
25 Current Jobs Openings
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Job Description

Job Summary

The Escrow Accountant is responsible for managing, monitoring, and reconciling escrow accounts related to real estate development projects. This role ensures compliance with regulatory requirements, accurate handling of client funds, timely releases to contractors and vendors, and transparent financial reporting in coordination with internal teams and external stakeholders.

Key Responsibilities

Manage and maintain

escrow accounts

for property development projects in compliance with local regulations and RERA/land department requirements (if applicable). Record, track, and reconcile

customer payments

, milestone collections, and escrow balances. Ensure

proper allocation and release of funds

according to approved construction milestones and escrow agreements. Prepare and submit

escrow reports

to authorities, banks, auditors, and management. Coordinate with

project, sales, legal, and finance teams

to verify milestone completion and payment eligibility. Review and process

contractor, consultant, and supplier payments

from escrow accounts. Perform

monthly bank reconciliations

and ensure accuracy of escrow ledgers. Maintain proper

documentation and audit trails

for all escrow transactions. Support

external and internal audits

related to escrow accounts. Ensure compliance with

anti-money laundering (AML)

and financial control policies. Monitor escrow inflows and outflows to ensure

cash flow accuracy and transparency

. Assist in budgeting, forecasting, and financial analysis related to escrow-controlled projects.
Qualifications & Skills

Bachelor's degree in

Accounting, Finance, or Commerce

. Professional certification (CPA, ACCA, CMA) is an advantage. 3-6 years of experience in

escrow accounting

, preferably in

real estate development or construction

. Strong knowledge of

escrow laws, developer regulations, and milestone-based payment structures

. Proficiency in

accounting software/ERP systems

(e.g., Oracle, SAP, Yardi, or similar). Advanced Excel skills. High attention to detail and strong reconciliation skills. Ability to handle confidential financial information. Strong communication and coordination skills.
Job Type: Full-time

Pay: AED9,000.00 - AED11,000.00 per month

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Job Detail

  • Job Id
    JD2261749
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Dubai, DU, AE, United Arab Emirates
  • Education
    Not mentioned
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