Overseeing all the Development Financial Accounting and Reporting function including Accounts Receivable/Payable in accordance with IFRS and approved accounting policies. Areas of responsibility include accurate and timely recording of all transactions, monthly closing and reporting of financial statements, budgetary control, managing business cash requirements

Client Details

Our client is a joint venture that operates and owns a diversified portfolio in Dubai. They are looking for a new member to join their team as a Finance Manager within the Real Estate Development vertical.

Description

Accounts Receivable:
Review and ensure controls are in place in the life cycle of sales process - invoicing, recording, receipt booking and collectionReview and approve manual journal entries in relation to accruals and re-classifications to ensure complete and accurate reporting of revenue as per IFRS 15Prepare and ensures straight-lining of revenue is done as per IFRS-16 guidelinesEnsure completeness and accuracy of PDC\'s reporting and Implement collection initiatives for improvement of inflowsCheck and verify VAT returns in coordination with Internal and external VAT liaisonsMonitor defaulter\'s portfolio and establish exception reports on non-compliance. Liaise with Legal to ensure appropriate actions are takenPlan and lead implementation of new financial accounting systems, interfaces and system improvement and processesEnsure Escrow Account management in compliance with RERA regulation and periodic RERA auditEnsure TAS (Trust Accounting system) is updated on an ongoing basis and periodic reconciliation are conducted with the bank balances

Financial Accounting & Management reporting:
Prepare/Review Financial statements (Income Statement, Balance Sheet and Cash Flow Statement) on monthly/quarterly basis. Analyze revenues and costs v/s budget and business planReview Project Accounting and Costing and ensure proper cost management and control by monitoring cost and liaising with Project Management/Controls teamPrepare/Review of monthly, quarterly semi-annually and annual management/forecast reports for management and shareholdersReview Contract Payment certificates and ensure they comply with contractual terms of the Contractor/Consultant agreementsClosely work with stakeholders to optimize cashflows and implement strategiesManage and control actual cost versus budget on monthly basis and provide financial reports/data related to the project\'s financial performanceEnsure annual consolidated financial statements of the company are prepared in accordance with International Financial Reporting Standards (IFRS); Liaise with the external auditors and provide all necessary documentation/information to finalize interim and year-end auditsLiaise with Internal Auditors and provide them with support and documentation to complete their audits. Implement recommendations and provide management action plans for the issues identified in the report

Profile
Qualified Chartered Accountant, Bachelor\'s degree, and/or Master\'s degree8 to 10 years of post-qualification experience with 2 years of experience in a supervisory capacityProficient in Oracle, Excel, and YardiTeam player with good analysis, communication and presentation skillsExperience within Real Estate Development - project management and accounting

Job Offer

The successful candidate for this role will be offered a competitive monthly salary and an exciting opportunity to further progress their career as a Finance Manager.

Bayt