We are looking to hire a Senior Treasury Accountant Real Estate who will be responsible for comprehensive liquidity management, including daily monitoring of cash balances and transferring funds to disbursement accounts for our client based in Dubai- which is one of the largest companies in the region.
This position is a contract role with an initial duration of 12 months and is renewable.
The role sits within the Treasury Department and reports directly to the Treasury Director.
We are looking for a passionate Senior Accountant to look after Treasury Activities You should also have experience in the Real Estate industry working with big developers.
Key responsibilities:
Liquidity Management:
- Monitor daily cash balances and transfer funds to disbursement accounts.
- Manage interbank transactions via bank portals.
- Prepare weekly and bi-weekly cash flow reports and forecasts.
- Process fixed deposits and compile monthly cash flow reports.
- Allocate funds to projects per restrictions.
- Monitor forex transactions.
- Coordinate with AR and AP for timely payments.
- Generate project and entity cash flow reports as requested by MIS.
- Assist management with liquidity information.
Escrow Account Management:
- Manage liquidity and process developer equity.
- Review financial data and process profit withdrawals.
- Ensure compliance with RERA guidelines and process retention transfers.
- Coordinate with account trustees for payments and account activations.
- Update TAS with profit receipts.
Cash Management in Oracle:
- Manage bank accounts and ensure MT940 statements are uploaded.
- Update transaction codes and configure sweeps.
- Account for interbank transactions, interest, and charges.
- Perform month-end closing and share information with GL.
- Reconcile bank accounts.
Bank Facility Management:
- Calculate interest and principal repayments.
- Assist in covenant testing.
- Manage loan schedules and share information with GL.
- Handle month-end loan schedules and interest provisions.
Other Duties:
- Provide treasury information for audits.
Knowledge, skills & experience:
- Bachelor's in Accounting, Finance, or related field; CPA preferred.
- Proven experience as a senior accountant.
- Strong knowledge of accounting principles and regulations.
- Proficiency in Oracle or similar ERP systems.
- Advanced MS Excel skills.
- Excellent analytical, organizational, and communication skills.
- Detail-oriented and accurate.
Availability:
- Preference will be given to candidates available immediately or a maximum 30 days after accepting the offer.
We are looking for a candidate who will be able to work in United Arab Emirates. Please apply with your resume and remember to provide us with your contact details.
We will review your job application within 7 working days. Should your profile fit the requirements of the role a consultant from Edari will be in touch with you to get a deeper understanding of your profile, to discuss the role in more detail and potential next ste
