JOB DESCRIPTION / ROLE
About Us:
TownX Real Estate Development LLC is a premier property developer in Dubai, specializing in crafting luxurious residential buildings. We are dedicated to delivering exceptional living experiences through innovative design, top-tier construction, and cutting-edge real estate solutions.
Role Summary:
We are looking for a skilled and detail-oriented Accountant with experience in real estate accounting. The successful candidate will be responsible for managing financial transactions, ensuring compliance with UAE financial regulations, preparing reports, and supporting overall financial operations within the company.
Key Responsibilities:
Financial Management & Reporting
• Maintain and update financial records, ensuring accuracy and compliance with IFRS and UAE accounting standards.
• Prepare and analyze monthly, quarterly, and annual financial statements.
• Generate financial reports to support management decision-making.
Accounts Payable & Receivable
• Manage vendor invoices, payments, and reconciliations.
• Oversee client billing, collections, and follow-ups on outstanding balances.
• Ensure timely processing of receipts and payments related to real estate transactions.
Bank Reconciliation & Cash Flow Management
• Reconcile bank statements with company records to ensure accuracy.
• Monitor cash flow to ensure sufficient liquidity for operations and investments.
• Maintain escrow accounts in compliance with real estate regulatory requirements.
Taxation & Compliance
• Prepare and file VAT returns, ensuring compliance with UAE tax laws.
• Assist in external and internal audits, providing necessary documentation and support.
• Ensure all financial activities align with UAE regulatory requirements.
Property & Lease Accounting
• Manage accounting for rental income, lease agreements, and service charges.
• Track and record real estate project costs and expenses.
• Maintain financial records for ongoing and completed real estate transactions.
Requirements:
Qualifications:• Bachelor’s degree in Accounting, Finance, or a related field.
• 3-5 years of accounting experience, preferably in real estate or property development.
• Must be from ACCA or CA background
• Audit (CA) firm experience of 3 years
Skills:
• Proficiency in accounting software (e.g., Zoho Books, QuickBooks, SAP, or similar).
• Strong knowledge of UAE VAT regulations, IFRS standards, and real estate financial operations.
• Experience with escrow accounts, service charges, and rental income accounting.
• Excellent analytical, problem-solving, and organizational skills.
• Strong attention to detail and ability to meet deadlines.
• Fluency in English is required; knowledge of Arabic is a plus.
ABOUT THE COMPANY
TownX Real Estate Development is a prestigious real estate developer in Dubai.
Founded in 2017, TownX has established a track record of delivering high quality residential projects across the city.
The TownX growing team consists of experts of the industry, who frequently collaborate with internationally renowned engineers & architects. The story of TownX is a story of growth, starting from one simple apartment investment to the established real-estate developer it has become today.
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