General Accountant

NH Collection Dubai The Palm: Eclectic Elegance on Palm Jumeirah

Feel the ambiance at our exciting new hotel on Palm Jumeirah. Sitting on the exclusive West Beach, NH Collection Dubai The Palm gives easy access to the nearby Nakheel Mall.

Our new property is brimming with energy and chic touches of authentic local character. The new 14-storey property is offering 227 hotel guest rooms and suites and 306 serviced apartments.

Guests are just a short journey from all Dubai’s top attractions, including the Burj Khalifa, Dubai Mall, and Dubai Marina. Our sunset-facing rooftop infinity pool and its elegant bar and lounge is the perfect place to feel relaxed between exploring. Those seeking a more stimulating atmosphere can indulge at the hotel’s lively sports bar, set to be one of the new ‘go to’ spots in Dubai.

Job Description

The General Accountant for Residences is responsible for managing the financial transactions and records associated with residential properties. This role involves overseeing accounts payable and receivable, budgeting, financial reporting, and ensuring compliance with relevant regulations. The General Accountant collaborates with property managers, homeowners associations, and other stakeholders to maintain accurate financial records and support decision-making processes.

Key Responsibilities:

1. Financial Recordkeeping: Maintain accurate and up-to-date financial records for residential properties, including accounts payable, accounts receivable, general ledger entries, and reconciliations.
2. Budget Management: Assist in the development and monitoring of annual budgets for residential properties. Track expenses and revenue streams to ensure adherence to budgetary constraints.
3. Accounts Payable and Receivable: Process invoices, payments, and collections related to residential property expenses and rental income. Communicate with vendors, contractors, and tenants regarding billing and payment inquiries.
4. Financial Reporting: Prepare monthly, quarterly, and annual financial reports for residential properties. Analyze financial data to identify trends, variances, and opportunities for cost savings or revenue enhancement.
5. Compliance: Ensure compliance with relevant accounting standards, tax regulations, and industry guidelines. Maintain documentation to support audits and financial reviews.
6. Communication and Collaboration: Collaborate with property managers, homeowners associations, and other stakeholders to address financial concerns, resolve discrepancies, and support strategic planning initiatives.
7. Financial Analysis: Conduct ad hoc financial analysis and provide insights to support decision-making processes related to property investments, renovations, and operational improvements.
8. Process Improvement: Identify opportunities to streamline financial processes, enhance controls, and improve efficiency within the residential property management function.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• Certified Public Accountant (CPA) designation preferred.
• Previous experience in property management accounting or real estate finance preferred.
• Proficiency in accounting software such as QuickBooks, Yardi, or MRI.
• Strong analytical skills and attention to detail.
• Excellent communication and interpersonal skills.
• Ability to prioritize tasks and meet deadlines in a fast-paced environment.
• Knowledge of relevant accounting standards and regulations