About the Role

We are seeking a detail-oriented Accountant with specific expertise in the real estate sector to join our team in Dubai. In this position, you will manage financial transactions, maintain accurate records, and ensure compliance with accounting standards and regulations specific to real estate operations in the UAE.

Key Responsibilities

Accounts Payable (AP)

Process and verify vendor invoices, ensuring proper authorization and documentation

Manage payment schedules and execute timely disbursements to contractors, suppliers, and service providers

Reconcile vendor statements and resolve discrepancies promptly

Maintain organized filing systems for all payment records and supporting documentation

Implement cost control measures and identify opportunities for expense reduction

Accounts Receivable (AR)

Generate and distribute tenant invoices for rental properties

Track and record all incoming payments from tenants and buyers

Follow up on overdue accounts and implement collection procedures

Process security deposits, document refunds, and manage tenant ledgers

Prepare aged receivables reports and analyze collection trends

General Ledger (GL)

Maintain accurate and up-to-date general ledger accounts

Perform monthly account reconciliations and resolve discrepancies

Prepare journal entries with proper supporting documentation

Assist in month-end and year-end closing procedures

Generate financial statements and reports for management review

Support audit processes by providing required documentation and explanations

Real Estate Specific Functions

Track and account for property acquisition costs and development expenses

Calculate and record depreciation for real estate assets

Manage property tax payments and related accounting entries

Process and record broker commissions and sales transactions

Assist with financial analysis for potential property investments

Qualifications and Skills

Education and Experience

Bachelor's degree in Accounting, Finance, or relevant field

Minimum 2+ years of accounting experience specifically in the real estate sector

Demonstrated proficiency in Accounts Payable, Accounts Receivable, and General Ledger functions

Experience with UAE VAT regulations and real estate accounting standards

Technical Skills

Proficiency in accounting software and property management systems

Strong Excel skills and experience with financial reporting tools

Knowledge of UAE financial regulations and tax requirements

Understanding of IFRS standards as they apply to real estate

Personal Attributes

Exceptional attention to detail and accuracy

Strong analytical and problem-solving abilities

Excellent time management and organizational skills

Ability to work independently and as part of a team

Effective communication skills with stakeholders at all levels

How to Apply

Qualified candidates should send their resume and cover letter to swathi@globalcareerheights.com

with the subject line "Real Estate Accountant Application - [Your Name]"

Please note that only shortlisted candidates will be contacted for further steps in the hiring process.

About Us

GCH HR empowers clients to enhance their performance by improving their talent acquisition strategies. They offer world-class solutions for talent acquisition, including executive moves, training, strategic hiring projects, and complex recruitment programs across various locations. GCH HR possesses the expertise to provide best practices, cost-effective solutions, and agile approaches. By integrating Recruitment Process Outsourcing (RPO), Permanent Placement, Contract Staffing, and Assessment Centres, GCH HR can create unique solutions tailored to meet clients’ specific needs.