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- Excellent opportunity to work with a high-end real estate property developer |Progress your career as a Finance Manager
- Review and ensure controls are in place in the life cycle of sales process - invoicing, recording, receipt booking and collection
- Review and approve manual journal entries in relation to accruals and re-classifications to ensure complete and accurate reporting of revenue as per IFRS 15
- Prepare and ensures straight-lining of revenue is done as per IFRS-16 guidelines
- Ensure completeness and accuracy of PDC's reporting and Implement collection initiatives for improvement of inflows
- Check and verify VAT returns in coordination with Internal and external VAT liaisons
- Monitor defaulter's portfolio and establish exception reports on non-compliance. Liaise with Legal to ensure appropriate actions are taken
- Plan and lead implementation of new financial accounting systems, interfaces and system improvement and processes
- Ensure Escrow Account management in compliance with RERA regulation and periodic RERA audit
- Ensure TAS (Trust Accounting system) is updated on an ongoing basis and periodic reconciliation are conducted with the bank balances
- Prepare/Review Financial statements (Income Statement, Balance Sheet and Cash Flow Statement) on monthly/quarterly basis. Analyze revenues and costs v/s budget and business plan
- Review Project Accounting and Costing and ensure proper cost management and control by monitoring cost and liaising with Project Management/Controls team
- Prepare/Review of monthly, quarterly semi-annually and annual management/forecast reports for management and shareholders
- Review Contract Payment certificates and ensure they comply with contractual terms of the Contractor/Consultant agreements
- Closely work with stakeholders to optimize cashflows and implement strategies
- Manage and control actual cost versus budget on monthly basis and provide financial reports/data related to the project's financial performance
- Ensure annual consolidated financial statements of the company are prepared in accordance with International Financial Reporting Standards (IFRS); Liaise with the external auditors and provide all necessary documentation/information to finalize interim and year-end audits
- Liaise with Internal Auditors and provide them with support and documentation to complete their audits. Implement recommendations and provide management action plans for the issues identified in the report
- Qualified Chartered Accountant, Bachelor's degree, and/or Master's degree
- 8 to 10 years of post-qualification experience with 2 years of experience in a supervisory capacity
- Proficient in Oracle, Excel, and Yardi
- Team player with good analysis, communication and presentation skills
- Experience within Real Estate Development - project management and accounting
Finance Manager - Dubai, United Arab Emirates - Michael Page
Description
Our client is a joint venture that operates and owns a diversified portfolio in Dubai. They are looking for a new member to join their team as a Finance Manager within the Real Estate Development vertical.
Job Description
Accounts Receivable:
The successful candidate for this role will be offered a competitive monthly salary and an exciting opportunity to further progress their career as a Finance Manager.
Contact: Zehra Fatima
Quote job ref: JN