Summary
Ellington Properties is hiring a Finance Executive, Accounts Payable, in Dubai. The role covers project cost reporting, contractor and supplier payments, escrow account transactions, ledger maintenance, reconciliations, and month-end and year-end closing support. It also involves checking invoice allocations and approvals, supporting audits, and recording UAE VAT and other applicable tax transactions. UAE experience is mandatory, with a degree in accounting, finance, or a related discipline and 2–3+ years of relevant experience required.
The posting
As published on ellingtonproperties.ae. Pulled from the employer's site and shown as they wrote it.
Key Responsibilities
- Maintain accurate accounting records for real estate development projects.
- Prepare and maintain project-wise cost reports, including budget, actual cost, commitments, and variances.
- Manage contractor payments, Monitor retention amounts, advance payments, advance recoveries, and contractor deductions.
- Manage AP transactions via trust account system / escrow accounts.
- Maintain contractor and supplier ledgers and perform regular statement reconciliations.
- Coordinate with auditors and provide supporting documentation for project transactions.
- Ensure proper accounting treatment of project costs and expense classification.
- Support month-end and year-end closing activities.
- Ensure proper recording and reconciliation of VAT and other applicable UAE tax-related transactions.
- Coordinate with internal departments and external parties to resolve accounting and payment-related issues.
- Ensure invoices are correctly allocated to the relevant project, cost code, and trust account system / escrow account.
- Ensure all supporting documents and appropriate approvals are obtained before processing payments.
- Ensure the validity, completeness, and timely renewal of project-related guarantees and other contractual documents.
Requirements
- UAE experience is mandatory.
- Bachelor’s degree in Accounting, Finance, or a related discipline.
- 2–3+ years of relevant experience in Accounts Payable/Project Accounting, preferably within UAE real estate development, construction, or property development.
- Strong practical experience with contractor and supplier accounting, including retentions, advances, recoveries, deductions, and payment certificates.
- Experience with project-based accounting and cost allocation is essential.
- Experience handling trust accounts/escrow accounts within the UAE real estate environment is highly desirable.
- Good knowledge of UAE VAT and applicable tax-related accounting requirements.
- Strong understanding of accounting principles and AP processes.
- Experience with Oracle ERP is an advantage.
- Strong Excel skills, including the ability to prepare and analyze project cost and reconciliation reports.
- Excellent attention to detail, organization, and accuracy.
- Strong reconciliation and analytical skills.
- Ability to coordinate effectively with internal teams, contractors, suppliers, auditors, and other external stakeholders.
- Ability to work independently, meet deadlines, and manage multiple project-related transactions simultaneously.
Preferred Experience
Candidates with experience in UAE real estate development companies, particularly those who have handled project accounting, escrow/trust accounts, contractor payments, project cost reporting, and UAE VAT, will be preferred.