Our client, one of the reputed Semi-government Holding group is looking to hire a Finance Controller for their Real Estate business vertical based in Dubai.
Budget : AED 40K - 45K + Education Allowance + Full family status + Bonus
Lead and manage the period-end close process from an operational standpoint, ensuring completeness of entries, reconciliations, and general ledger integrity.
Maintain ownership of the General Ledger, ensuring accuracy and reliability of underlying accounting records.
Ensure all balance sheet accounts are fully reconciled, reviewed, and supported monthly.
Coordinate with the Financial Reporting Manager for timely submission of trial balances and supporting schedules.
Own and drive execution of Internal Controls over Financial Reporting (ICFR) across all finance processes, ensuring controls are embedded in day-to-day operations and transactions.
Ensure all financial transactions (payments, collections, accruals, payroll, commissions, etc.) are processed in line with approved control frameworks, SOPs, and Delegation of Authority (DOA).
Implement and enforce key financial controls, including: Segregation of duties, Maker-checker approvals, System-based workflow controls, Vendor master and payment controls.
Maintain and periodically update control matrices, SOPs, and process documentation for all finance functions.
Ensure compliance with UAE VAT and Corporate Tax regulations in operational transactions.
Liaise with project teams to ensure tax implications are considered in commercial decisions.
Support the Financial Reporting Manager in preparation of VAT returns and Corporate Tax filings by providing data and reconciliations.
Support documentation and data requirements for submissions to the Federal Tax Authority.
Oversee the end-to-end Accounts Payable function including projects, leasing (i.e. facilities management) and general corporate purposes.
Review and validate contractor payment certificates (IPCs) ensuring:
Manage day-to-day treasury operations, including payments, collections monitoring, and bank reconciliations.
Prepare and manage rolling cash flow forecasts (daily/weekly/monthly), integrating both project outflows and expected inflows.
Liaise closely with the Collections C Recovery Manager to:
Review Sales and Purchase Agreements (SPA) to ensure compliance with internal policies, pricing approvals and external regulations such as VAT and other charges etc.
Review Payments plans under the SPA to align project and corporate funding requirements in liaison with Project FPCA Manager.
Review brokers contracts and oversee broker and staff commission calculations and payments.
Ensure commissions are aligned with actual collections and contractual milestones.
Implement controls to prevent overpayments or duplicate claims.
Coordinate with Sales and Commercial teams for validation.
Maintain the fixed asset register, including capitalization of development costs.
Ensure compliance with capitalization policies and project cost allocation frameworks.
Monitor depreciation, asset verification, and reconciliations.
Implement controls over project cost capitalization and transfers.
The Financial Controller will lead and oversee the day-to-day financial operations, treasury, and control environment of the real estate development and leasing portfolio, ensuring robust financial controls, compliance, and effective cash flow management. The role will have ownership of accounting operations, direct and indirect taxes, treasury, and transactional finance, while being responsible for Internal Controls over Financial Reporting (ICFR) and financial oversight of project-related payments, contractor certifications and sales commissions.
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Madre Integrated Engineering
Client of Hire Lebanese
Al-Futtaim