General Accountant

Job Description

General Accountant – Real Estate Developer
 

Job Title: General Accountant – Real Estate Developer

Position Overview

We are seeking a detail-oriented and experienced General Accountant with strong expertise in real estate accounting only. The candidate will handle day-to-day accounting operations, property-level financial records, and support financial reporting within a luxury real estate development environment.

The role requires strong knowledge of real estate revenue cycles, Salesforce, VAT compliance, and UAE Corporate Tax requirements.

Key Responsibilities

1. Day-to-Day Accounting Operations

• Maintain accurate general ledger for real estate entities and projects, and ensure accuracy in bookkeeping and financial records
• Verification of SPA (Sales Purchase Agreements) and RA (Reservation Agreements) for off-plan sales Projects.
• Making a payment schedule and reviewing and approving payment receipts created by the Collection Team.
• Generate financial reports, including sales analysis, collection reports, agent commission reports, and customer payment history.
• Ensuring that the commission paid to outside brokers and internal sales teams is paid correctly as per company policy.
• Ability to handle RERA audit, AML compliance, escrow account operation, reconciliation and VAT requirements.
• Record and post journal entries for revenue, expenses, accruals, and adjustments
• Ensure timely monthly closing of accounts

2. Real Estate Financial Transactions

• Track customer receivables, including instalments, booking amounts, and post-handover payments
• Maintain proper documentation for all real estate transactions
• Follow up on customer collections and overdue payments
• Maintain aging reports for receivables and payables
• Perform regular reconciliations of customer and vendor accounts

3. Salesforce & CRM Accounting Knowledge

• Work with Salesforce CRM (or similar real estate CRM systems) to track sales transactions and customer financial data
• Reconcile CRM sales data with accounting records for accuracy
• Track customer payments, booking status, and instalment schedules through Salesforce
• Assist in generating reports from CRM, such as:
• Sales pipeline vs revenue recognition
• Customer payment history and outstanding balances
• Agent/broker commission tracking
• Coordinate with sales and finance teams to ensure data consistency between CRM and ERP systems
• Support automation of commission calculations and invoice tracking through CRM data
• Ensure financial data integrity between Salesforce and the accounting system

4. Bank & Cash Management

• Perform daily/monthly bank reconciliations
• Monitor cash flow for project and operational requirements
• Assist in payment processing and fund allocation
• Managing income and expenditure accounts and generating the company’s financial reports

5. UAE Corporate Tax Responsibilities

• Ensure proper understanding and application of the UAE Corporate Tax Law in daily accounting activities
• Maintain accurate records to support corporate tax calculations and filings
• Support the preparation of Corporate Tax working files and schedules
• Assist external consultants in tax filings and documentation
• Ensure audit-ready financial records for FTA requirements
• Highlight tax implications of real estate transactions, including off-plan sales, leasing structures, and transfers
• Ensure timely submission of corporate tax requirements to avoid penalties

6. VAT (Value Added Tax) Responsibilities – UAE

• Ensure correct VAT application in all real estate transactions (sales, leasing, and services)
• Classify transactions as standard-rated, zero-rated, or exempt supplies
• Prepare working files for VAT return filing (monthly/quarterly)
• Verify supplier invoices for VAT compliance and valid tax invoices
• Assist in VAT return submission through the FTA portal
• Support VAT reconciliations during internal and external audits

Requirements & Skills

• Bachelor’s degree in accounting, Finance, or related field.
• Minimum 5-7 years of real estate accounting experience.
• Proficiency in financial software (Salesforce / Pact will be a preferred advantage) and Microsoft Excel.
• Ability to communicate effectively, quick learner, and can work independently.
• Thorough knowledge of Basic accounting procedures and principles