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? Job Summary:

The Real Estate Accountant is responsible for handling the financial reporting, budgeting, and accounting tasks related to property acquisitions, leasing, sales, and management. This includes maintaining accurate records of property revenues and expenses, preparing financial statements, and ensuring compliance with tax laws and industry regulations.

Key Responsibilities:

General Accounting:

Maintain general ledger and journal entries for all real estate transactions.

Manage accounts payable and receivable related to property operations.

Prepare monthly, quarterly, and annual financial reports.

Property Financial Management:

Reconcile rent collections, utility charges, service fees, and other income.

Track operating expenses, property maintenance costs, and capital expenditures.

Analyze variances between actual and budgeted costs.

Lease and Contract Review:

Review lease agreements and ensure correct accounting treatment (e.g., lease incentives, rent escalations).

Monitor tenant payments and issue late notices when necessary.

Tax and Compliance:

Prepare and file VAT returns and other regulatory filings as per UAE regulations (or relevant local jurisdiction).

Assist with audits and ensure compliance with IFRS or other applicable accounting standards.

Cash Flow Management:

Monitor cash flow from multiple properties and prepare forecasts.

Liaise with banks for reconciliations, loan payments, and interest calculations.

Support to Property/Asset Managers:

Provide financial data to support decision-making for acquisitions, leasing, or property sales.

Assist with budgeting and performance analysis of real estate assets.

Key Skills and Competencies:

Strong knowledge of accounting principles and financial reporting

Familiarity with real estate operations, leasing, and property tax regulations

Proficient in accounting software (e.g., QuickBooks, Yardi, SAP, Microsoft Dynamics)

Analytical and detail-oriented

Strong Excel skills and ability to work with financial models

Excellent organizational and communication skills

Qualifications:

Bachelor’s degree in Accounting, Finance, or a related field

Professional certification such as CPA, ACCA, or CMA (preferred)

3–5 years of accounting experience, preferably in real estate or property management

Working Conditions:

Office-based with occasional site visits

May be required to work extra hours during financial closing periods or audits