Dar Comfort Development is seeking a highly experienced Senior Accountant to join our growing real estate development team in Dubai. The ideal candidate will have strong experience in developer-side accounting, escrow account management, and full-cycle financial control of real estate projects.
Key Responsibilities:
1) Escrow Account & RERA / DLD Compliance
Manage project escrow accounts in compliance with Dubai Land Department (DLD) and RERA regulations
Prepare and submit escrow withdrawal applications
Track construction progress vs. certified amounts
Maintain escrow infl schedules
Coordinate with banks, trustees, consultants, and auditors
2) Financial Accounting & Reporting
Maintain accurate books of accounts
Prepare monthly, quarterly, and annual financial statements
Prepare balance sheet, P&L, and cash flow statements
Perform account reconciliations (bank, escrow, suppliers, customers)
Ensure compliance with IFRS
3) VAT & Taxation
Prepare and submit VAT returns
Manage VAT records and doentation
Coordinate VAT audits and FTA requirements
Ensure correct VAT treatment for construction and real estate transactions
4) Project Cost Control & Budgeting
Monitor project budgets vs. actual costs
Track construction contracts, variations, and provisional sums
Maintain cost reports and forecasts
Support value engineering and cost optimization
5) Accounts Payable & Receivable
Process supplier invoices and payments
Manage contractor and consultant payments
Track receivables from off-plan sales and collections
Follow up on outstanding payments
6) Cash Flow Management
Prepare cash flow forecasts
Monitor funding requirements
Support management in financial planning
7) Audit & Internal Controls
Coordinate with external auditors
Maintain strong internal control procedures
Ensure proper doentation and filing
Requirements:
Bachelor’s degree in Accounting or Finance
Minimum 8–10 years of accounting experience, preferably in real estate development in UAE
Strong experience in escrow accounts & off-plan projects
Good knowledge of UAE VAT and regulations
Proficiency in accounting software (Tally, QuickBooks, Zoho, or similar)
Advanced Excel skills
Strong attention to detail and organizational skills
Location: Dubai, UAE
Availability: Immediate or short notice preferred
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