Revenue Accountant


1- Accountant Revenue

Job Type :- Full Time

Location:- Dubai, United Arab Emirates

Based Currency :- AED

Job Description

Financial Accountant responsibilities include budgeting, managing tax payments and performing internal audits. You will act as a consultant for senior managers, conducting cost and revenues analyses. To be qualified for this role, you should have a degree in Accounting and relevant work experience.

Job Responsibilities

  • Run monthly recurring billing and ensure the monthly revenues booked agree with the signed lease agreements.
  • Prepare and update receipts to tenants for various payment collection i.e. rent, utilities and deposits etc.,
  • Review and reconcile tenant accounts balances for revenue and receivables with GL on monthly basis and ensure no integrity issue is pending.
  • Run IAS 17 and ensure accuracy of adjustment entries processed on a monthly basis.
  • Prepare tenants’ statement of account as and when required.
  • Assist and provide swift feedback to Leasing and Asset Management teams in day to day transactions pertaining to renewal, amendments, surrender and new deals.
  • Provide historical information and analysis as and when required.
  • Support the business by reducing review and processing time for all Revenue and Receivables transaction, i.e. refunds, Statement of Accounts and billing.
  • Ensure clearing of any reconciling item resulted from revenue bank accounts reconciliation on timely basis.
  • Review and ensure correctness of tenants’ balances for advances, deposits, receivables and revenue on monthly basis.
  • Coordinate with the Oman / Bahrain offices daily and ensure that the daily bank processing for all collections are performed on a timely basis.
  • Submit monthly consolidated financial key information related to A/R and revenue area.
  • Review percentage rent calculation and ensure accuracy completeness and timely billing.
  • Review all tenants’ refunds ensuring compliance with lease agreements and the company’s financial policies and procedures.
  • Ensure Tenant Variation to standard lease terms and conditions are duly supported with TVR form approved as per DoA requirements.
  • Review tenant utilities recovery accounts and ensure all tenants are paying either through lease agreement or on actual consumption basis.
  • Prepare tenants’ accounts reconciliations as well as follow-up on pending issues and old outstanding items.
  • Ensure Proper review and check over billing and collection process ensuring timely and accurate generation and distribution of A/R invoices and receipts.
  • Assist in other ad-hoc analysis, financial reporting and other various tasks related to areas of responsibility.
  • Ensure compliance with the MAFP SMBU’s Code of Conduct, Departmental policies and HC Policies and Procedures at all times.
  • Be the advocate and ambassador of aligning and cascading the MAFP values in the assigned area of responsibility and ensure th

Job Requirements

  • Bachelor’s degree in Accounting or Finance. Professional qualification such as /ACMA /ACCA etc., is a plus.
  • Minimum 3 –4 years of post-qualification experience working within a Finance support function. Good knowledge and experience of A/R and Revenue Accounting within a reputed real estate development / asset management organization in GCC or abroad in a similar role.

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