Job Description

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