Senior Executive - Financial Reporting (UAE National)
- Recruiter
- Dubai Silicon Oasis Authority
- Location
- Dubai, United Arab Emirates
- Salary
- Competitive salary
- Posted
- 11 Oct 2020
- Closes
- 09 Nov 2020
- Ref
- 4245690
- Job role
- Accountant
- Sector
- Accounting - Public practice
Job Purpose
The purpose of this role is to manage community fee accounting, and prepare community budget within the organization.
Main Responsibilities
Compile community fee budget for the year and seek necessary internal sign offs and approvals.
Prepare, review and present the budget to RERA and liaise accordingly for the necessary approvals.
Facilitate the invoices’ process based on the approval rate by RERA and initiate prompt and timely delivery of invoices accordingly.
Initiate and provide support to the Collections section to ensure timely collection process of community fee invoices, and respond to inquiries from home owners and developers within DSOA master community.
Regularly compile summary reports with variance analysis against approved budget.
Prepare and cascade community financial statements.
Provide monthly calculation for outstanding community fee penalty and facilitate the invoicing of the same.
Support the management team with annual audits of community fees.
Manage the process of maintaining the FA register by ensuring accurate accounting & capitalization of fixed assets on monthly basis. Assist the respective department in physical verification of fixed assets periodically.
Ensure that all company assets are adequately insured at all times, and coordinate additions or removals of new, sold or retired assets.
Review company’s insurable risk with Director of Finance on a bi-yearly basis and coordinate cost effective cover through appointed brokers.
Maintain a schedule of insurance policies and cascade the required information to the appointed broker during renewal. Ensure the yearly renewal of Property, Third party, Fidelity and money insurance policies on timely basis.
Provide support with the month-end financial closing process.
Qualifications
Bachelor’s degree in Accounting and Finance, or an equivalent qualification.
Experience
A minimum of 1-2 years’ experience in community fee accounting, financial reporting, or a similar field.
The purpose of this role is to manage community fee accounting, and prepare community budget within the organization.
Main Responsibilities
Compile community fee budget for the year and seek necessary internal sign offs and approvals.
Prepare, review and present the budget to RERA and liaise accordingly for the necessary approvals.
Facilitate the invoices’ process based on the approval rate by RERA and initiate prompt and timely delivery of invoices accordingly.
Initiate and provide support to the Collections section to ensure timely collection process of community fee invoices, and respond to inquiries from home owners and developers within DSOA master community.
Regularly compile summary reports with variance analysis against approved budget.
Prepare and cascade community financial statements.
Provide monthly calculation for outstanding community fee penalty and facilitate the invoicing of the same.
Support the management team with annual audits of community fees.
Manage the process of maintaining the FA register by ensuring accurate accounting & capitalization of fixed assets on monthly basis. Assist the respective department in physical verification of fixed assets periodically.
Ensure that all company assets are adequately insured at all times, and coordinate additions or removals of new, sold or retired assets.
Review company’s insurable risk with Director of Finance on a bi-yearly basis and coordinate cost effective cover through appointed brokers.
Maintain a schedule of insurance policies and cascade the required information to the appointed broker during renewal. Ensure the yearly renewal of Property, Third party, Fidelity and money insurance policies on timely basis.
Provide support with the month-end financial closing process.
Qualifications
Bachelor’s degree in Accounting and Finance, or an equivalent qualification.
Experience
A minimum of 1-2 years’ experience in community fee accounting, financial reporting, or a similar field.