Senior Accountant

7 days ago

Thrissur, India The Luxe Developers Full time

Job Title: Accountant – Real Estate Development


Location: Dubai, UAE


Job Type: Full-time


Company Overview:

We are hiring for Luxe Developers in Dubai, known for delivering exceptional residential and commercial projects. We prioritize innovation, quality, and compliance with global and local financial standards, creating lasting value for our stakeholders.


Position Overview:

We are seeking a skilled and detail-oriented Accountant with a deep understanding of financial regulations, especially in the real estate sector. The role requires expertise in IFRS, VAT/GST, RERA regulations, AML compliance, due diligence, and audit procedures. The candidate will play a key role in managing financial operations, ensuring compliance, and driving strategic insights through accurate financial reporting.


Key Responsibilities and KRAs (Key Result Areas):


1. Financial Reporting and Compliance:

• Prepare accurate and timely financial statements in compliance with IFRS.

• Maintain up-to-date accounting records aligned with local and international standards.

• Reconcile accounts and ensure the accuracy of general ledger entries.

2. Tax Compliance and Reporting:

• Handle VAT/GST calculations, returns, and ensure compliance with UAE tax laws.

• Stay updated with changing tax regulations and advise management on implications.

3. Regulatory Compliance:

• Ensure strict adherence to RERA guidelines in all financial transactions.

• Prepare and submit required reports to regulatory authorities.

4. AML Compliance:

• Develop, implement, and monitor AML policies and procedures.

• Identify and report suspicious transactions in line with UAE AML regulations.

5. Due Diligence and Risk Assessment:

• Conduct thorough financial due diligence for investments, acquisitions, and joint ventures.

• Analyze potential risks and recommend mitigating strategies.

6. Audit and Internal Controls:

• Coordinate with external auditors to complete audits efficiently and on time.

• Establish robust internal control processes to mitigate financial and operational risks.

7. Budgeting and Forecasting:

• Collaborate with management to prepare detailed budgets and financial forecasts.

• Monitor actual performance against budgets and provide variance analysis.

8. Accounts Payable and Receivable:

• Oversee AP/AR processes, ensuring accuracy and timely collections/payments.

• Monitor aging reports and optimize working capital management.

9. Financial Analysis and Insights:

• Analyze financial data to identify trends, variances, and areas for cost optimization.

• Provide actionable recommendations to improve financial performance.

10. Team Collaboration and Leadership:

• Guide junior accountants, ensuring adherence to financial best practices.

• Collaborate with cross-functional teams to support decision-making.

11. System Optimization and Reporting:

• Utilize accounting software for efficient financial management and reporting.

• Design and implement customized financial dashboards for management insights.


Key Qualifications and Skills:

• Education: Bachelor’s degree in Accounting, Finance, or a related field. Advanced degrees (MBA, Master’s in Finance) are an advantage.

• Certifications: ACCA, ACA, CPA, CMA, or equivalent.

• Experience: Minimum 5–7 years of experience in accounting, with at least 3 years in real estate development in Dubai.

• Technical Proficiency: Expertise in accounting software (e.g., Oracle, SAP) and advanced Excel.

• Knowledge: Strong command of IFRS, VAT/GST, RERA guidelines, AML regulations, and due diligence standards.

• Analytical Skills: Ability to derive insights from complex data sets and recommend strategies.

• Communication Skills: Clear and effective verbal and written communication for financial and non-financial stakeholders.


Competencies:

• High level of integrity and professionalism.

• Strong organizational and multitasking skills.

• Attention to detail with a focus on accuracy.

• Proactive problem-solving approach.

• Ability to manage strict deadlines under pressure.


Performance Metrics:

• Timeliness and accuracy of financial reports.

• Compliance with VAT/GST, RERA, and AML regulations.

• Effectiveness in conducting audits and resolving findings.

• Quality of financial insights and recommendations.

• Efficiency in managing AP/AR and reducing overdue receivables.

• Contribution to cost-saving and operational efficiency initiatives.


Application Process:

If you are a proactive and analytical professional eager to thrive in a fast-paced real estate environment, we encourage you to apply. Submit your resume and a cover letter detailing your qualifications and accomplishments.


  • Note: Only shortlisted candidates will be contacted for interviews.

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