🏙️ Job description
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.
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 at Jobs@luxedevelopers.ae
