Senior Financial Accountant

Responsibilities

• Prepare Owners Association budgets and calculate service charges in accordance with STRATA Law and RERA regulations.
• Facilitate payments to service providers and suppliers in line with approved budgets and Escrow Trustee bank requirements.
• Utilize the RERA Mollak system to generate and issue service charge invoices to residence owners.
• Manage the service charge collection process, including tracking outstanding amounts and reconciling bank accounts with the Mollak system.
• Oversee invoicing and collection for other OA incomes such as water, gas, and penalties.
• Prepare financial reports for auditors, RERA, and management MIS reports.
• Manage VAT compliance, including tracking VAT collected/paid and ensuring timely filing of returns.
• Perform standard bookkeeping and accounting tasks associated with the day-to-day management of the Body Corporate.

Requirements

• Bachelor's Degree in Accounting, Finance, or a related discipline.
• Minimum 3 years of hands-on experience in Owners Association (OA), Community Management, STRATA, or Property Management accounting.
• Strong working knowledge of RERA regulations and STRATA Law.
• Hands-on experience using the Mollak system for budgeting, invoicing, and reporting.
• Proven expertise in service charge accounting, collections, and bank reconciliations.
• Sound knowledge of UAE VAT regulations.
• Proficiency in accounting software and advanced Microsoft Excel.
• Excellent English communication skills, both written and verbal.

About the Company

PALAZZO VERSACE DUBAI offers luxury living and premium community management services, maintaining the highest standards of excellence in the Dubai real estate market.