General Accountant

Accountant, Accounting or Finance
Dubai
May 19, 2026
Full Time
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Job Description

General Accountant – Real Estate Developer (SPA & Real Estate Accounting)

 

Job Title: General Accountant – Real Estate Developer (SPA & Real Estate Accounts)

Position Overview

We are seeking a detail-oriented and experienced General Accountant with strong expertise in UAE real estate accounting, particularly in handling SPA (Sales Purchase Agreement) processes for off-plan and completed property sales.

The ideal candidate must have hands-on experience in the verification of SPA/RA documentation, payment schedules, customer collections, broker commissions, escrow reconciliation, and coordination with sales teams within a real estate developer environment. A strong understanding of UAE real estate financial operations, RERA compliance, VAT requirements, and accounting controls is essential.

Key Responsibilities

1. SPA & Real Estate Accounting Operations

  • Verify and review SPA (Sales Purchase Agreements), Reservation Agreements (RA), Oqood-related documentation, and customer files for off-plan projects
  • Prepare and maintain customer payment schedules as per SPA terms
  • Review and approve customer receipts, collections, and allocation of payments
  • Maintain accurate accounting records for real estate projects and entities
  • Generate reports related to sales, collections, customer outstanding balances, and broker commissions
  • Ensure broker and sales commission calculations are processed correctly as per company policy
  • Handle escrow account reconciliation and related real estate financial transactions
  • Support RERA audit requirements and AML compliance documentation
  • Record journal entries for revenue, expenses, accruals, and adjustments
  • Ensure timely monthly closing and reconciliation of accounts

2. Customer Collections & Receivables

  • Track customer receivables, including booking amounts, instalment collections, and post-handover payments
  • Monitor overdue payments and coordinate with collection teams for follow-up
  • Maintain proper documentation for all customer financial transactions
  • Prepare aging reports for customer receivables and payables
  • Perform customer and vendor account reconciliations regularly

3. CRM & Sales Accounting Coordination

  • Work closely with Salesforce CRM or similar real estate systems to monitor sales transactions and customer payment status
  • Reconcile CRM sales data with accounting records and ERP systems
  • Track installment schedules, booking status, and customer payment history
  • Generate financial and operational reports related to:
  • Sales collections
  • Outstanding balances
  • Broker/agent commissions
  • Revenue tracking
  • Coordinate with sales, collections, and finance teams to ensure data accuracy
  • Support automation and tracking of commission calculations and invoice monitoring

4. Bank & Financial Management

  • Perform daily and monthly bank reconciliations
  • Monitor project cash flow and operational fund requirements
  • Assist in payment processing and fund allocation
  • Maintain proper control over income and expenditure accounts
  • Support the preparation of financial reports and management reports

5. VAT & UAE Compliance

  • Ensure proper VAT treatment for real estate transactions in accordance with UAE regulations
  • Verify supplier invoices and tax invoices for VAT compliance
  • Support the preparation of VAT workings and reconciliations
  • Assist during VAT audits and FTA requirements
  • Maintain audit-ready financial records and supporting documentation

Requirements & Skills

  • Bachelor’s Degree in Accounting, Finance, or related field
  • Minimum 5–7 years of UAE real estate accounting experience with a real estate developer
  • Strong practical experience in SPA handling, customer collections, escrow reconciliation, and off-plan sales accounting
  • Knowledge of RERA procedures, AML compliance, and UAE real estate regulations
  • Experience in Salesforce, PACT, or similar ERP/CRM systems will be an advantage
  • Strong proficiency in Microsoft Excel and accounting software
  • Good communication and coordination skills
  • Ability to work independently and handle multiple real estate projects simultaneously
  • Thorough understanding of accounting principles and real estate financial processes

… more

Requirements added by the job poster

• Bachelor’s Degree

• 6+ years of work experience with Microsoft Excel

• 5+ years of work experience with Salesforce.com

• 4+ years of Real Estate experience

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