Senior Accountant – Job Responsibilities
Position Overview: As a Senior Accountant at Luxe Developers, you will be responsible for overseeing and managing the company’s financial activities, ensuring accuracy in reporting, and compliance with industry-specific regulations. You will collaborate with various departments to provide financial insights that support business growth and project success in real estate development.
*CANDIDATES FROM REAL ESTATE DEVELOPER BACKGROUND IN UAE WILL BE PREFERRED*
Key Responsibilities:
- Financial Reporting:
- Prepare and analyze monthly, quarterly, and annual financial statements for the organization.
- Ensure compliance with generally accepted accounting principles (GAAP) and relevant real estate accounting standards.
- Budgeting & Forecasting:
- Work closely with project managers and senior leadership to develop and manage budgets for real estate development projects.
- Monitor budget variances and provide insights into cost control and profitability.
- Cash Flow Management:
- Oversee cash flow projections and management to ensure proper cash planning for project funding and company operations.
- Manage loan draw schedules and ensure timely submissions for real estate development financing.
- Generate regular reports on cash flow and collection performance.
4. Cash Collection:
o Manage and oversee cash collections from customers.
o Ensure timely collection of payments and follow up on outstanding invoices.
o Maintain accurate records of transactions and reconciliations.
- Cost Accounting:
- Maintain accurate cost accounting for all development projects, including cost allocations, vendor payments, and project margins.
- Review and approve construction draws, vendor invoices, and subcontractor payments.
- Tax Compliance:
- Ensure timely filing of all tax returns, including corporate taxes.
- Coordinate with external tax advisors and auditors to ensure compliance with local, state, and federal regulations.
7. Reconciliation
- Perform bank reconciliations and ensure all cash movements are accurately reflected in the books.
- - Investigate discrepancies and resolve issues related to payments.
- Project Accounting:
- Set up and manage job cost tracking systems for each development project.
- Track project progress, report on project profitability, and ensure timely reconciliation of accounts.
- Financial Audits:
- Coordinate and manage internal and external audits to ensure accurate financial reporting.
- Maintain proper documentation and records for all real estate transactions and audits.
- Lender & Investor Relations:
- Prepare financial reports and schedules required by lenders and investors, including loan compliance and performance metrics.
- Act as a liaison between the company and financial institutions to manage credit lines, loans, and investor communications.
- Regulatory Compliance:
- Ensure compliance with real estate regulations, including property management accounting, tenant billing, and lease agreements.
- Stay updated on changes in accounting standards and real estate laws that may impact financial reporting.
- Team Management & Development:
- Provide leadership and guidance to junior accounting staff and support their professional development.
- Work with the finance team to continuously improve financial processes and internal controls.
Skills and Qualifications:
- Bachelor’s degree in accounting, Finance, or related field (CPA preferred).
- Minimum of 5-7 years of accounting experience, preferably in real estate or construction.
- Strong knowledge of GAAP, IFRS and real estate accounting standards.
- Proficiency with accounting software (e.g., Tally, QuickBooks, Advance Excel).
- Excellent analytical and problem-solving skills.
- Ability to work under tight deadlines and manage multiple projects simultaneously.
Send in your Resumes on jobs@theluxedevelopers.ae
