About the job
The Financial Analyst is an individual contributor who is mainly participate in the building of proper controlling function and the full set of financial activities within the project.
Roles and Responsibilities
Monthly closing process: Work with Statutory Accounting team to secure compliance of Financial Closings with IFRS and Management Reporting guidelines.
Management Reporting: with emphasis on costing, project development, cash flows (inclusive of Escrow utilization).
Monthly preparation of Project costs and Cash Flow: Activity / project / cost centre basis compared to LY, Budget, and Latest Estimate, accompanied by qualitative analysis and commentary monthly.
Controls: Provide the required checks and balances to accommodate segregation of duties with Statutory Accounting Team. (i.e. Agents Commission).
Compliance: Secure compliance with focus on Project Costing development continuous process.
Project Proposal Analysis: Evaluate Project propositions from a financial POV. Scenarios / Risk/ Potentialities.
Analysis: Deep Projects WIP analysis. Work in developing clarity of variances against Budget and Latest Estimates. Development of meaningful qualitative commentary.
Support business strategy development, profitability improvement efforts, support capital budgeting, planning efforts and best practice sharing.
Budget: Development of Project based budgeting and cash flows.
Latest Estimate: Development of Project based Latest Estimates.
Other ad-hoc requirements.
Qualifications, Education, and Experience:
Qualified Accountant (CMA, ACCA or equivalent) preferrable
Intimate knowledge of Real Estate Development, Construction and Project Management within UAE, inclusive of:
IAS 40, Investment property, IAS 16, Property, plant and equipment, and IAS 23, Borrowing costs, IAS 17, Leases, IAS 18, Revenue
Costing of Real Estate Development & Project Management
Deep understanding of Cash Flow report and Cash Management in Real Estate
Governmental Documentation Requirements for Project Launch Real Estate transfer and Escrow accounting opening and Maintenance
Escrow account operational specific
Very good command in Microsoft office
Ability to work independently
Ability to operate in a Matrix, fast change environment
Professional, strong work ethic, and positive attitude
Ability to work under pressure, and meet the deadlines
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