Accountant
About Us:
TownX Real Estate Development LLC is a premier property developer in
Dubai, specializing in crafting luxurious residential buildings. We are
dedicated to delivering exceptional living experiences through innovative
design, top-tier construction, and cutting-edge real estate solutions.
Role Summary:
We are looking for a skilled and detail-oriented Accountant with experience in real estate accounting. The successful candidate will
be responsible for managing financial transactions, ensuring compliance with
UAE financial regulations, preparing reports, and supporting overall financial
operations within the company.
Key Responsibilities:
Financial Management & Reporting
- Maintain
and update financial records, ensuring accuracy and compliance with IFRS
and UAE accounting standards.
- Prepare
and analyze monthly, quarterly, and annual financial statements.
- Generate
financial reports to support management decision-making.
Accounts Payable & Receivable
- Manage
vendor invoices, payments, and reconciliations.
- Oversee
client billing, collections, and follow-ups on outstanding balances.
- Ensure
timely processing of receipts and payments related to real estate
transactions.
Bank Reconciliation & Cash Flow Management
- Reconcile
bank statements with company records to ensure accuracy.
- Monitor
cash flow to ensure sufficient liquidity for operations and investments.
- Maintain
escrow accounts in compliance with real estate regulatory requirements.
Taxation & Compliance
- Prepare
and file VAT returns, ensuring compliance with UAE tax laws.
- Assist
in external and internal audits, providing necessary documentation and
support.
- Ensure
all financial activities align with UAE regulatory requirements.
Property & Lease Accounting
- Manage
accounting for rental income, lease agreements, and service charges.
- Track
and record real estate project costs and expenses.
- Maintain
financial records for ongoing and completed real estate transactions.
Requirements
Qualifications:
· Bachelor’s
degree in Accounting, Finance, or a related field.
· 3-5 years of
accounting experience, preferably in real estate or property development.
· Must be from
ACCA or CA background
· Audit (CA) firm
experience of 3 years
Skills:
• Proficiency in accounting software (e.g., Zoho Books, QuickBooks, SAP, or
similar).
• Strong knowledge of UAE VAT regulations, IFRS standards, and real estate
financial operations.
• Experience with escrow accounts,
service charges, and rental income accounting.
• Excellent analytical,
problem-solving, and organizational skills.
• Strong attention to detail and ability to meet deadlines.
• Fluency in English is required;
knowledge of Arabic is a plus.