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Accounts Receivable Assistant

Dubai Properties (DP)

Dubai, UAE

Ref: GP738-104

Job description / Role

Employment: Full Time

Responsible for all aspects of the Accounts Receivable processes and organization including assisting the Accounts Receivable manager in drafting and streamlining policies & procedures, internal controls, people development, process change, continuous improvement and efficient processes.

Key Accountabilities:
• Revenue recognition and revision of revenue recognition.
• Prepare Customer Ageing Report- Monthly. Scrutiny of debtors ageing analysis.
• Ensuring that the differences with salesforce are mapped and provide ageing report to collection team.
• Prepare provisions for Ageing.
• Scrutiny of all AR balances as they appear in GL and ensure that monthly schedules are prepared.
• Verify internal and external broker commissions
• Ensure Internal and external audit requirements are met.
• Cash collection reconciliation from Accounts Receivable to General Ledger
• Identify and implement operational efficiencies and control measures.
• Develop and maintain transparent reporting of issues, communication of actions taken and elevation where appropriate.
• Coordinate and complete RERA escrow audits for all BTS projects
• Complete and submit AML reports to Treasury on monthly basis
• Ensure team completes the balance sheet schedules related to AR function
• Monthly closing of books for AR
• Review of balance sheet schedules for AR operations and ensure timely update.

Key Performance Indicators:
• Accuracy and correctness of monthly revenue recognition
• Meeting SLAs on Broker Commission Validation
• Timely closure of books on monthly basis
• Process improvement and efficiency

Requirements

Minimum Qualifications and Knowledge:
• Graduate in Accounting / Finance / Commerce
• Qualified Chartered Accountant is preferred
• Big 4 accounting firm experience is preferred

Minimum Experience (number of years):
• 6 to 7 years of professional experience (Preferable Real Estate industry knowledge)

Job Specific Technical Skills:
• Thorough understanding of IFRS 15
• Thorough understanding of accounting entries
• Working knowledge of ERPs and Accounting systems (knowledge of oracle, sales force and Yardi is preferred)
• Attention to detail and able to work in a non-structured environment.
• Ability to work in fast-paced environment with multiple deadlines.
• Strong team orientation, exceptional work ethic.
• Familiarity with best practices related to purchase and payable cycle
• Detailed understanding of UAE VAT law as applicable to AR cycle

Job-specific Complexity:
• Handling multiple books of accounts and ledgers
• Dealing with high volume of transactions
• Tight turn-around SLAs

About the Company

Dubai Properties leverages its impressive legacy as a reliable developer to elevate Dubai’s status as a global icon. With almost two decades of expertise designing and developing sought-after residential master communities across waterfront, urban, and suburban locations, Dubai Properties addresses every aspect of the real estate landscape. Its communities - home to an array of residents and happy families - include JBR, Jaddaf Waterfront, La Vie, 1/JBR, Bellevue Towers, Remraam, Mudon and Villanova to name a few.

Dubai Properties also offers institutional investors access to an extensive land portfolio for development opportunities. All the initiatives aim to enrich the lives of residents and visitors, bringing a vast collection of living experiences to the Emirates.

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Accounts Assistant salaries in UAE

Average monthly compensation
AED 4,500

Breakdown available for industries, cities and years of experience