Senior Financial Accountant (Owners Association/Community Management)

Role overview

Owners Association accounting

• Prepare Owners Association budgets and calculate service charges under STRATA Law, RERA rules, and applicable regulations.
• Facilitate payments to service providers and suppliers in line with approved budgets and RERA and escrow trustee bank requirements.
• Use the Mollak system to generate and issue service-charge invoices to residence owners.
• Manage service-charge collections, outstanding balances, and reconciliation of regulated bank receipts with the Mollak system.
• Invoice, collect, deposit, and record other Owners Association income, including utility charges and penalties.

Reporting and compliance

• Prepare financial reports for auditors and RERA.
• Track VAT collected and paid and ensure timely VAT returns and payments.
• Provide periodic management information reports.
• Perform bookkeeping and accounting tasks for STRATA or body corporate operations.
• Maintain accounting records for all associated financial transactions.

Candidate requirements

• Bachelor's degree in Accounting, Finance, or a related discipline.
• Minimum three years of hands-on Owners Association, community management, STRATA, or property management accounting experience.
• Strong knowledge of RERA regulations, STRATA Law, and Owners Association financial requirements.
• Hands-on Mollak experience covering service-charge budgeting, invoicing, collections, and reporting.
• Experience in service-charge accounting, budgeting, collections, and bank reconciliations.
• Knowledge of UAE VAT regulations and financial reporting requirements.
• Proficiency in accounting software and advanced Microsoft Excel.
• Strong analytical, organizational, and problem-solving skills.
• Excellent written and verbal English communication skills.
• Ability to work independently and manage the complete accounting function of a residential community or Owners Association.