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.

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