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DAMAC Properties

Accountant

Early Applicant
  • 13 days ago
  • Be among the first 50 applicants

Job Description

Job Purpose

We are seeking a skilled and detail-oriented Accountant to join our finance team in the Luxury Owners Association Management Company- LOAMS by Damac Group . This role is crucial for maintaining the financial health of the association by ensuring accurate record-keeping, regulatory compliance, and delivering insightful financial reports to stakeholders. The ideal candidate will be responsible for supporting month-end closing activities, VAT compliance, reconciliation processes, and preparing management reports that align with Owners Association regulatory requirements.

This is an exciting opportunity for a proactive accounting professional who is passionate about financial accuracy, compliance, and operational efficiency within a dynamic real estate environment.

Responsibilities

Monthly Books Closure

  • Support the month-end close process, ensuring timely and accurate completion of all closing tasks, including journal entries, accruals, and adjustments.
  • Collaborate with the finance team to compile financial information, verify data integrity, and perform variance analysis to validate reported figures.
  • Ensure that all financial records are reconciled in compliance with internal policies and generally accepted accounting principles (GAAP).
  • Monitor and update closing schedules, coordinate with departments to meet deadlines, and continuously improve closing processes to reduce cycle time and enhance efficiency.

VAT Compliance

  • Prepare and submit monthly VAT returns, working closely with internal stakeholders to gather and verify all necessary documentation.
  • Ensure full compliance with VAT regulations by keeping up-to-date on tax law changes and their impact on business operations.
  • Perform reconciliation of VAT-related transactions and ensure timely payments to the tax authority.
  • Review and analyze VAT accounts for accuracy, investigate discrepancies, and collaborate with external auditors as required for tax audits or reviews.

Balance Sheet Reconciliations

  • Conduct monthly balance sheet reconciliations, ensuring accuracy and consistency across all accounts, including assets, liabilities, and equity accounts.
  • Identify and resolve discrepancies or reconciling items in a timely manner, working with other departments if necessary to gather supporting documentation.
  • Maintain detailed records of reconciliation activities and create reports summarizing findings, adjustments, and proposed corrective actions.
  • Continuously enhance reconciliation processes to increase accuracy, speed, and transparency in financial reporting.

Revenue Reconciliation

  • Perform detailed monthly revenue reconciliation to verify recorded transactions, identify variances, and ensure consistency with supporting documents.
  • Collaborate with the sales and operations teams to review revenue streams, validate entries, and ensure all revenue recognition policies are adhered to.
  • Prepare revenue reports that provide a clear view of income streams, analyze trends, and offer insights into performance metrics.
  • Support management in forecasting by providing accurate revenue data and highlighting significant variances or risks.

Management Information Systems (MIS) Reporting

  • Contribute to the preparation and analysis of monthly MIS reports, synthesizing financial data to provide clear, actionable insights for business leaders.
  • Work with cross-functional teams to gather and compile data, ensuring completeness and accuracy in reporting key financial metrics.
  • Support the development of customized financial dashboards and KPIs that offer a real-time view of business performance.
  • Present MIS reports to stakeholders, offering explanations of significant trends, variances, and potential implications for strategic decision-making.

More Info

Industry:Other

Job Type:Permanent Job

Date Posted: 15/11/2024

Job ID: 100444109

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Last Updated: 20-11-2024 10:07:23 PM