Finance Executive - AP

Key Responsibilities

• Maintain accurate accounting records for real estate development projects.
• Prepare and maintain project-wise cost reports, including budget, actual cost, commitments, and variances.
• Manage contractor payments, Monitor retention amounts, advance payments, advance recoveries, and contractor deductions.
• Manage AP transactions via trust account system / escrow accounts.
• Maintain contractor and supplier ledgers and perform regular statement reconciliations.
• Coordinate with auditors and provide supporting documentation for project transactions.
• Ensure proper accounting treatment of project costs and expense classification.
• Support month-end and year-end closing activities.
• Ensure proper recording and reconciliation of VAT and other applicable UAE tax-related transactions.
• Coordinate with internal departments and external parties to resolve accounting and payment-related issues.
• Ensure invoices are correctly allocated to the relevant project, cost code, and trust account system / escrow account.
• Ensure all supporting documents and appropriate approvals are obtained before processing payments.
• Ensure the validity, completeness, and timely renewal of project-related guarantees and other contractual documents.

Requirements
 

• UAE experience is mandatory. 
• Bachelor’s degree in Accounting, Finance, or a related discipline.
• 2–3+ years of relevant experience in Accounts Payable/Project Accounting, preferably within UAE real estate development, construction, or property development.
• Strong practical experience with contractor and supplier accounting, including retentions, advances, recoveries, deductions, and payment certificates.
• Experience with project-based accounting and cost allocation is essential.
• Experience handling trust accounts/escrow accounts within the UAE real estate environment is highly desirable.
• Good knowledge of UAE VAT and applicable tax-related accounting requirements.
• Strong understanding of accounting principles and AP processes.
• Experience with Oracle ERP is an advantage.
• Strong Excel skills, including the ability to prepare and analyze project cost and reconciliation reports.
• Excellent attention to detail, organization, and accuracy.
• Strong reconciliation and analytical skills.
• Ability to coordinate effectively with internal teams, contractors, suppliers, auditors, and other external stakeholders.
• Ability to work independently, meet deadlines, and manage multiple project-related transactions simultaneously.
   

Preferred Experience

Candidates with experience in UAE real estate development companies, particularly those who have handled project accounting, escrow/trust accounts, contractor payments, project cost reporting, and UAE VAT, will be preferred.