Description:
We are seeking a highly skilled and detail-oriented Account Manager to manage the financial operations of our real estate development business. The ideal candidate will have solid experience in real estate accounting, Oracle NetSuite ERP, and a deep understanding of bank reconciliation, inventory control, accounts payable, and accounts receivable processes. Familiarity with ZOHO Books or ZOHO Finance will be considered an added advantage.
Key Responsibilities:
1. General Accounting & Journal Entries
- Prepare and post accurate daily journal entries related to revenue, expenses, accruals, prepayments, and other adjustments.
- Maintain the general ledger and ensure all accounts are updated and balanced regularly.
- Review financial transactions for accuracy, proper authorization, and compliance with company accounting policies.
- Conduct monthly, quarterly, and year-end closing processes and ensure timely submission of reports.
- Assist in preparing and maintaining the chart of accounts in Oracle NetSuite.
2. Accounts Payable (AP)
- Process supplier invoices, ensure proper approvals, and post transactions in Oracle NetSuite.
- Reconcile vendor statements and resolve discrepancies on time.
- Track and manage retention payments, advances, and credit notes.
- Ensure timely payments in line with contract terms and company cash flow requirements.
- Liaise with procurement and project teams to validate material receipts and supplier claims.
3. Accounts Receivable (AR)
- Prepare and issue sales invoices for property sales, rental income, and service charges.
- Monitor collections and maintain accurate aging reports.
- Coordinate with the sales and CRM teams to follow up on overdue customer accounts.
- Record customer receipts and allocate them correctly to relevant invoices.
- Reconcile customer ledgers and maintain documentation for all receipts.
4. Bank Reconciliation & Treasury Management
- Perform daily and monthly bank reconciliations for multiple company accounts.
- Track and record post-dated cheques (PDCs), deposits, and other banking transactions.
- Coordinate with banks on fund transfers, LC payments, and loan settlements.
- Maintain accurate cash flow records and support management in cash flow forecasting.
5. Inventory & Cost Management
- Oversee inventory accounting for construction materials, office supplies, and project consumables.
- Track material movements between projects and ensure accurate valuation of closing stock.
- Coordinate with the procurement and warehouse teams to conduct monthly and annual stock reconciliations.
- Implement and maintain inventory control systems to prevent discrepancies and losses.
6. Financial Reporting & Analysis
- Prepare monthly management reports, including P&L statements, balance sheets, and cash flow statements.
- Support the Finance Manager in variance analysis, budget vs. actual comparisons, and cost control initiatives.
- Provide financial insights and reports to management to support strategic decisions.
- Ensure proper classification of assets, liabilities, and expenses according to IFRS standards.
7. Audit, Compliance & Taxation
- Coordinate with external and internal auditors during audit cycles.
- Maintain proper documentation and support schedules for audit requirements.
- Ensure compliance with UAE VAT regulations, prepare VAT returns, and assist in submission.
- Implement and maintain internal controls to safeguard company assets and ensure compliance with financial policies.
8. System & Process Improvement
- Work extensively on Oracle NetSuite for all accounting and reporting functions.
- Suggest and implement improvements in accounting processes for greater efficiency.
- Support the migration or integration of data with other platforms such as ZOHO Books or CRM systems.
Qualifications & Experience:
- Bachelor’s degree in accounting, Finance, or Commerce (Professional qualification like CPA, CA, or CMA preferred).
- 5–7 years of progressive accounting experience, ideally within a real estate development or construction company in the UAE.
- Proficiency in Oracle NetSuite (mandatory).
- Working knowledge of ZOHO Books/Finance is an advantage.
- Strong understanding of UAE VAT, IFRS, and real estate project accounting.
- Advanced skills in Microsoft Excel and financial analysis.
- Excellent attention to detail, accuracy, and organizational skills.
- Strong communication and team collaboration abilities.