Accountant; Real Estate Development

Our client, a dynamic real estate developer with projects in RAK, is seeking an Accountant who will support the financial operations of the real estate development business by managing project accounting, VAT filings, tax compliance, payments, reconciliations, and financial reporting. The role requires solid understanding of real estate financial cycles, project cost tracking, escrow regulations, and developer compliance standards.

• Project Accounting & Cost Control
  • Maintain accurate project-level financial records
  • Track contractor payments, consultant invoices, variations, and retention
  • Monitor budgets vs actuals and prepare variance reports
  • Support project cashflow planning and forecasting
• Accounts Payable & Receivable
  • Process supplier, consultant, and contractor invoices
  • Verify payment certificates and contract terms
  • Maintain escrow documentation per RERA/RAK guidelines
  • Prepare client statements and follow up on receivables
• VAT Filing & Tax Compliance
  • Prepare and submit VAT returns on time
  • Reconcile VAT accounts and maintain VAT documentation
  • Support corporate tax documentation and compliance
• Financial Reporting & Reconciliation
  • Perform monthly reconciliations (bank, escrow, vendor)
  • Support month-end and year-end closing
  • Prepare financial statements, reports, and audit schedules
• Compliance & Documentation
  • Maintain organized financial documentation as per UAE regulations
  • Assist with internal and external audits
  • Ensure adherence to internal controls and accounting policies

• Skills & Competencies
  • Strong accounting principles and financial reporting knowledge
  • Understanding of real estate development accounting
  • Knowledge of UAE VAT and tax rules
  • Proficiency in Oracle Net Suite or similar ERP