Chief Accountant

Chief Accountant Key Responsibilities

• Preparation of the group wide consolidation of financial statements ensuring full compliance with IFRS and real estate specific reporting requirements.
• Review and reconcile intercompany transactions, project level allocations, and eliminations as part of the consolidation process.
• Conduct detailed variance analysis on consolidated and project level financial statements, highlighting trends, risks, and development cycle insights.
• Assist and coordinate the day-to-day operations of the subsidiaries and the projects SPV.
• Support feasibility assessments by providing financial inputs for IRR, NPV, cash flow projections and scenario analysis for new and ongoing developments.
• Coordinate with project management, commercial, and development teams to ensure alignment between financial forecasts and project progress.
• Monitor escrow accounts, RERA related compliance, ADGM compliances and ensure proper accounting treatment for off‑plan sales, milestone‑based revenue and cost‑to‑complete calculations.
• Ensure the bank borrowings and the project‑related borrowings with regards to the term sheet.
• Perform variance analysis comparing actuals to budget, highlighting deviations related to construction progress, sales performance, and financing costs.
• Respond to audit queries and ensure timely closure of audit findings.

• Education:
  
  Bachelor’s degree in accounting, Finance, or a related field (CA, CPA, ACCA, or CMA is a plus).
• Experience:
  
  5+ years of experience in real estate development.
• Technical
  
  Skills:
  
  Proficiency in Microsoft Excel, Oracle, etc.
• Strong knowledge of IFRS and financial reporting standards.