Senior Accountant (real estate) Ismail Al Hammadi Group L.L.C. Ismail Al Hammadi Group L.L.C.

Job Overview:

The Senior Accountant is responsible for managing entity-level accounting operations, ensuring accurate financial records, timely reporting, compliance with UAE regulations, and support for management reporting and operational finance activities. The role supports the Accounts Manager in maintaining financial discipline, internal controls, and standardized accounting procedures across the group.

Key Responsibilities:

1. Financial Accounting & Reporting

·       Prepare full sets of accounts up to finalization, including:

Balance Sheet

Profit & Loss Statement

Cash Flow Statement

Supporting schedules

·       Maintain accurate accounting records in compliance with accounting standards and company policies.

·       Post and review journal entries, accruals, provisions, and adjustments.

·       Perform monthly reconciliations of:

General Ledger

Bank accounts

Supplier accounts

Customer accounts

Intercompany balances

·       Assist in monthly and year-end closing activities.

• Prepare entity-level financial reports for management review.

2. Accounts Payable (AP) Management

·       Verify and process vendor invoices with proper supporting documents and approvals.

·       Monitor supplier aging and payment schedules.

·       Coordinate with procurement and operational teams regarding vendor matters.

·       Ensure proper documentation for all payments.

·       Support payment preparation in accordance with approval workflows.

3. Accounts Receivable (AR) Management

·       Generate customer invoices and maintain accurate billing records.

·       Monitor collections and follow up on overdue receivables.

·       Maintain updated customer statements and aging reports.

·       Coordinate with sales and operational teams regarding collections.

4. Payroll Support

·       Prepare payroll schedules and supporting documents.

·       Coordinate payroll inputs including:

leave salary

overtime

commissions

deductions

advances

·       Support WPS processing and payroll reconciliations.

·       Maintain employee-related financial records and schedules.

5. Bank Reconciliation & Cash Monitoring

·       Perform monthly bank reconciliations.

·       Investigate and resolve reconciliation discrepancies.

·       Monitor receipts and payments within assigned entities.

·       Ensure supporting documentation is properly maintained.

6. Taxation & Compliance

·       Prepare VAT schedules and supporting reconciliations.

·       Assist with VAT return preparation and filing support.

·       Support Corporate Tax documentation and schedules.

·       Maintain proper tax records in line with FTA requirements.

·       Ensure compliance with company policies and financial controls.

7. Audit Support

·       Prepare audit schedules and supporting documentation.

·       Coordinate with internal and external auditors as required.

·       Ensure audit-related queries are addressed promptly.

·       Maintain organized financial documentation and records.

8. MIS & Reporting Support

·       Prepare periodic MIS reports including:

Revenue reports

Expense analysis

Budget vs Actual reports

Collection reports

Cash flow summaries

·       Support management reporting requirements.

·       Assist in preparation of business performance reports.

9. SOP Compliance & Internal Controls

·       Follow all finance SOPs and approval workflows.

·       Ensure proper documentation and audit trail maintenance.

·       Comply with segregation-of-duties requirements.

·       Support implementation of internal controls and governance procedures.

·       Identify and report process improvement opportunities.

10. Fixed Asset Management

• Maintain fixed asset register and ensure proper asset capitalization.

• Record depreciation and asset disposals in accordance with accounting standards.

• Conduct periodic asset verification and reconciliation.

11. Intercompany Accounting

• Reconcile intercompany transactions and balances across group entities.

• Ensure timely settlement of intercompany accounts.

• Support group-level consolidation requirements.

• Intercompany documentation and compliance requirements to be managed

Key Performance Indicator (KPI):

·       Timeliness of monthly closing activities

·       Accuracy of accounting records

·       AP/AR aging management

·       Reconciliation completion accuracy

·       Compliance with VAT, Corporate Tax, and statutory deadlines.

·       Audit documentation readiness and support

·       Compliance with SOPs and internal controls

·       Reporting submission timelines