Escrow Accountant

Description

• Keep track of all collection due dates and amount collected as per the agreed payment plan.
• Provide project MIS reports covering overall project status, collection, expected collection, actual outflows, expected outflows, red flags raised, expected completion date, delay in projects completion, penalty payable due to delay in project completion etc.
• Calculate cost of repossessed unit and recognized profit or loss for terminated contracts.
• Coordinate with Escrow banks and consultant for releasing payments for project purpose.
• Ensure that project development cash flows are prepared and kept updated on a weekly basis so that any shortfall can be anticipated.
• Ensure that all invoices are raised as per due date schedule and evidence is maintained that such invoices are sent to customers within due date.
• Coordinate with DLD for any operational issues.
• Ensure that all DLD payments due to registration of units, change in units master, or resale of units after repossession are paid within the stipulated time.
• Keep track of all defaults and ensure that notices are issued as per the RERA laws by CRM.
• Process all brokerage payments as per the agreed commission rate and applicable conditions and while processing payment, ensuring that all applicable RERA laws are adhered to.
• Ensure availability of all documentation for RERA audits.

Requirements

• Excellent communication and time management skills.
• Official employment under UAE Labour Law;
• Well known with DLD, RERA requirements;
• Min. 1 year of relevant experience in UAE;

Benefits

If you are seeking dynamic growth and want to be part of a team who build the future of Dubai, send your application!

• Employment visa and medical insurance;
• Cozy office in Downtown and friendly environment at work.
• Competitive salary as per the market standards;

Training + Development

Interview process

Visa Sponsorship

Security clearance