Project Accountant

  • Employer: Real Estate Developer
  • Location: Abu Dhabi, United Arab Emirates
  • Salary: Competitive Tax Free

Our client is an Abu Dhabi government backed initiative who is the master developer of significant real estate developments within the city. We are currently recruiting strong Project Accountants up to Manager grade to complement the existing team. Successful candidates will have project accounting experience gained in a real estate developer / client owner on hotels, commercial, residential etc.

Responsibilities:

  • Has overall responsibility for supporting the project sponsor relating to the financial management of a project from feasibility approval to operations turnover.
  • Maintains the project cash flow model and coordinates with all relevant disciplines to update the cash flow forecast for material changes to underlying economic assumption.
  • Provide analysis/assistance to financial reporting department for asset capitalisation from CWIP.
  • Monitor and assure that progress payments proceed through system
  • Maintain contact with outside Finance staff on joint venture projects.
  • Coordinates with FP&A department to ensure accurate and timely consolidation of Finance Department reporting needs.
  • Coordinates with Treasury all funding requirements for the project based on the cash flow model.
  • In the event of a scope change, conducts sensitivity analysis on the cash flow forecast to evaluate project risk factors and liaise with the feasibility group.

    Requirements:

  • Preferred Bachelors in Accountancy - Certified Public Accountant / Chartered Accountant / Masters in Accountancy.
  • Extensive amount of experience in a project/cost/management accounting role.
  • The Project Accountant should have a good understanding of development processes and real estate development in particular.
  • Effective communication and people skills needed to work with other departments.
  • Proficient in MS Office, Oracle, Proliance, Cognos, and cash flow forecasting.

    Job Reference: 1006-165
    Contact: Darren Bithell
    Phone: 00971 (0)4 448 9700
    Address: 2012, Grosvenor Business Tower, TECOM, P.O. Box 115252, Dubai, UAE 

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