Accountant | Real Estate Development Experience Required

Accountant – Real Estate Developer

Company: Nationwide Middle East Properties LLCLocation: Abu Dhabi, UAEJob PurposeNationwide Middle East Properties is seeking an experienced Accountant with a strong Real Estate Developer background to manage accounting operations, project financials, customer receivables, and commission calculations for brokers and sales teams.

The successful candidate must have prior experience working directly with a real estate developer and possess a thorough understanding of the UAE property development lifecycle.Key ResponsibilitiesAccounting & FinanceMaintain accurate financial records and general ledger accounts.Prepare monthly, quarterly, and annual financial reports.Perform bank, customer, and supplier reconciliations.Manage accounts payable and receivable processes.Assist with budgeting, forecasting, and cash flow monitoring.Ensure compliance with IFRS, UAE VAT regulations, and company policies.Real Estate Development AccountingRecord and monitor project development costs and construction expenditures.Track project budgets and cost allocations.Manage escrow account transactions and reconciliations.Process property sales transactions, cancellations, and refunds.Support revenue recognition and financial reporting for development projects.Commissions Management (Critical Responsibility)Calculate broker, agency, and sales team commissions accurately.Verify commission eligibility based on booking status, SPA execution, collection milestones, and management approvals.Prepare monthly commission statements and payment schedules.Process commission reversals, adjustments, and clawbacks for cancelled transactions.Coordinate with Sales, CRM, and Finance teams to validate transaction data.Generate commission reports for management review.Customer ReceivablesMonitor customer payment plans and collection schedules.Reconcile customer accounts and investigate discrepancies.Prepare aging reports and support collection efforts.Mandatory RequirementsBachelor's Degree in Accounting, Finance, or related field.Minimum 4-6 years of accounting experience in the UAE.Minimum 3 years of experience working directly for a Real Estate Developer company.Proven experience calculating commissions for brokers, agencies, and internal sales teams.Strong understanding of:Off-plan salesEscrow accountsCustomer payment plansRevenue recognitionReal estate sales cyclesCommission structures and payout processesAdvanced Microsoft Excel skills.Experience with ERP/CRM systems.