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al khail mall

Accounting Manager – Real Estate & Facilities Management Division

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  • Posted 5 hours ago
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Job Description

  • Oversee and manage all accounting operations related to real estate development, leasing, property management, and facilities management activities
  • Ensure accurate and timely preparation of monthly, quarterly, and annual financial statements in accordance with IFRS and company policies
  • Lead month-end, quarter-end, and year-end closing processes for multiple entities and projects
  • Supervise core accounting functions including Accounts Payable (AP), Accounts Receivable (AR), General Ledger (GL), Payroll, Treasury, and Fixed Assets
  • Prepare consolidated financial and management reports for senior leadership and board review
Real Estate & Project Accounting
  • Manage project costing, budgeting, revenue recognition, work-in-progress (WIP), and profitability analysis for real estate projects
  • Oversee accounting for leasing operations, tenant reconciliations, service charges, escrow accounts, and property portfolios
  • Conduct financial feasibility studies, investment analysis, and financial modeling for new developments and acquisitions
  • Monitor project cash flow, funding requirements, and banking relationships to ensure optimal liquidity management
Compliance & Internal Controls
  • Ensure full compliance with UAE VAT regulations, RERA requirements, IFRS standards, and all applicable financial regulations
  • Develop, implement, and enhance accounting policies, procedures, and internal control systems to safeguard company assets and improve operational efficiency
  • Coordinate with external auditors, consultants, banks, and regulatory authorities to ensure timely completion of audits and statutory filings
  • Maintain accurate financial documentation and ensure proper record retention for all transactions and projects
Business Support & Strategic Planning
  • Support senior management with budgeting, forecasting, variance analysis, and strategic financial recommendations
  • Collaborate closely with real estate, facilities management, operations, procurement, and sales teams to align financial reporting with operational objectives
  • Identify opportunities for process improvement, automation, and digital transformation within accounting and reporting systems
  • Drive cost optimization initiatives while maintaining strong financial governance and operational excellence
Leadership & Team Management
  • Lead, mentor, and develop the accounting team to ensure high performance, accountability, and continuous professional growth
  • Foster a collaborative, performance-driven, and compliance-focused work environment
Requirements
  • Bachelor's degree in Accounting, Finance, or a related field
  • Professional certification such as CPA, CMA, or ACCA is highly preferred
  • Minimum 10 years of progressive accounting experience, including at least 5 years in a managerial role within the UAE real estate sector
  • Strong expertise in real estate accounting, project costing, leasing accounting, and revenue recognition
  • In-depth knowledge of IFRS, UAE VAT regulations, and RERA compliance requirements
  • Proven experience in financial reporting, audits, budgeting, forecasting, and cash flow management
  • Hands-on experience with ERP/accounting systems such as SAP, Oracle, Yardi, or similar platforms
  • Advanced Microsoft Excel and financial analysis skills
  • Excellent leadership, communication, analytical, and organizational abilities
  • High level of professionalism, integrity, accuracy, and attention to detail
  • Fluency in English is mandatory; Arabic is an added advantage
Preferred Competencies
  • Strategic thinking and commercial awareness
  • Strong decision-making and problem-solving skills
  • Ability to manage multiple projects and deadlines in a fast-paced environment
  • Strong stakeholder management and interpersonal skills
  • Results-oriented mindset with a focus on operational excellence and continuous improvement

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About Company

Job ID: 147374725