Real Estate Accountant
Sharjah, United Arab Emirates
Job Description
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Full job description We currently looking for Real Estate Accountant to join our team. a candidate who can demonstrate a determination to succeed is more important to us than experience in real estate Duties and Responsibilities
- Financial Record-Keeping: Maintain accurate and organized financial records for all real estate transactions, including property acquisitions, rental income, and expenses.A/C Payables management inc. preparing/issuing cheques, TTs & accounting entries
- Bookkeeping: Perform day-to-day bookkeeping tasks, such as recording transactions, reconciling bank statements, and managing accounts payable and receivable.
- Financial Reporting: Prepare financial statements, including balance sheets, income statements, and cash flow statements, on a regular basis to provide an overview of the financial performance of real estate and holiday home assets.
- Budgeting and Forecasting: Collaborate with property managers and owners to create budgets and financial forecasts for individual properties and the overall portfolio. Cashflows forecasting
- Tax Compliance: Stay up-to-date with tax laws and regulations relevant to real estate and vacation rentals, ensuring compliance with all tax requirements and optimizing available tax deductions.Value Added Tax Accounting Inc. Tax Invoicing & FTA VAT Return
- Depreciation and Amortization: Account for depreciation and amortization of real estate assets, understanding their impact on financial statements and tax liabilities.
- Expense Management: Monitor and manage expenses related to real estate and holiday homes, including property maintenance, repairs, insurance, and utilities.
- Rent and Lease Management: Handle rent collections, lease agreements, and rental income reporting and long-term rental properties.
- Cash Flow Management: Monitor cash flow to ensure sufficient liquidity for operational expenses, mortgage payments, and other financial obligations.
- Financial Analysis: Conduct financial analysis on real estate projects assessing investment performance, profitability, and potential risks.
- Audit Support: Coordinate with external auditors during financial audits, providing necessary documentation and explanations related to real estate accounting practices.
- Financial Systems and Software: Utilize specialized accounting software and tools to streamline financial processes and ensure accurate financial reporting.
- Compliance and Regulations: Ensure adherence to accounting principles, industry regulations, and legal requirements governing real estate and vacation rental accounting.
- Bachelor\'s degree in Accounting, Finance, or a related field.
- Proficiency in accounting software and Microsoft Excel, Tally and other software.
- Strong knowledge of accounting principles, tax regulations, and financial reporting standards.
- Attention to detail and a high level of accuracy in financial record-keeping.
- Excellent analytical and problem-solving skills.
- Effective communication and interpersonal abilities to work with various stakeholders.
- Ability to work independently and as part of a team, handling multiple tasks simultaneously.
- Minimum 1-2 years experience as an accountant in the Real Estate industry.
- Knowledge about the Corporate Tax 2024
- Candidates who can join immediately will be prioritise.
- Accountant: 1 year (Preferred)
- English - and knowledge of Arabic is Preferred
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Job Detail
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Job IdJD1648634
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationSharjah, United Arab Emirates
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EducationNot mentioned