Chief Accountant
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Key skills for this role
About the Role
Chief Accountant Chief accountant Key responsibilities Preparation of the group‑wide consolidation of financial statements, ensuring full compliance with IFRS and real estate–sp.
Key Skills for This Role
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 borrowing 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.
Requirements
- Proven experience in group consolidation and IFRS compliance.
- Experience in real estate accounting and project level financial management.
- Strong analytical and variance analysis skills.
- Knowledge of RERA and ADGM compliance requirements.
- Experience with escrow accounts and off plan sales accounting.
- Ability to coordinate with project management and development teams.
Full Job Posting
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.
- Assisting and coordinating 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 borrowing 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.
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