Job Purpose
We are seeking a skilled and detail-oriented Accountant to join our finance team in the Luxury Owners Association Management Company- LOAMS by Damac Group . This role is crucial for maintaining the financial health of the association by ensuring accurate record-keeping, regulatory compliance, and delivering insightful financial reports to stakeholders. The ideal candidate will be responsible for supporting month-end closing activities, VAT compliance, reconciliation processes, and preparing management reports that align with Owners Association regulatory requirements.
This is an exciting opportunity for a proactive accounting professional who is passionate about financial accuracy, compliance, and operational efficiency within a dynamic real estate environment.
Responsibilities
Monthly Books Closure
- Support the month-end close process, ensuring timely and accurate completion of all closing tasks, including journal entries, accruals, and adjustments.
- Collaborate with the finance team to compile financial information, verify data integrity, and perform variance analysis to validate reported figures.
- Ensure that all financial records are reconciled in compliance with internal policies and generally accepted accounting principles (GAAP).
- Monitor and update closing schedules, coordinate with departments to meet deadlines, and continuously improve closing processes to reduce cycle time and enhance efficiency.
VAT Compliance
- Prepare and submit monthly VAT returns, working closely with internal stakeholders to gather and verify all necessary documentation.
- Ensure full compliance with VAT regulations by keeping up-to-date on tax law changes and their impact on business operations.
- Perform reconciliation of VAT-related transactions and ensure timely payments to the tax authority.
- Review and analyze VAT accounts for accuracy, investigate discrepancies, and collaborate with external auditors as required for tax audits or reviews.
Balance Sheet Reconciliations
- Conduct monthly balance sheet reconciliations, ensuring accuracy and consistency across all accounts, including assets, liabilities, and equity accounts.
- Identify and resolve discrepancies or reconciling items in a timely manner, working with other departments if necessary to gather supporting documentation.
- Maintain detailed records of reconciliation activities and create reports summarizing findings, adjustments, and proposed corrective actions.
- Continuously enhance reconciliation processes to increase accuracy, speed, and transparency in financial reporting.
Revenue Reconciliation
- Perform detailed monthly revenue reconciliation to verify recorded transactions, identify variances, and ensure consistency with supporting documents.
- Collaborate with the sales and operations teams to review revenue streams, validate entries, and ensure all revenue recognition policies are adhered to.
- Prepare revenue reports that provide a clear view of income streams, analyze trends, and offer insights into performance metrics.
- Support management in forecasting by providing accurate revenue data and highlighting significant variances or risks.
Management Information Systems (MIS) Reporting
- Contribute to the preparation and analysis of monthly MIS reports, synthesizing financial data to provide clear, actionable insights for business leaders.
- Work with cross-functional teams to gather and compile data, ensuring completeness and accuracy in reporting key financial metrics.
- Support the development of customized financial dashboards and KPIs that offer a real-time view of business performance.
- Present MIS reports to stakeholders, offering explanations of significant trends, variances, and potential implications for strategic decision-making.
