Project Accountant (Property Management)

KAIZEN Asset Management Services, a leading property management firm in Dubai, is seeking a detail-oriented and motivated Junior Accountant to join our team. As a Junior Accountant at Kaizen, you will gain valuable experience in supporting the finance team with various accounting tasks and ensuring accurate and timely financial reporting. You will be responsible for assisting with the general accounting functions, maintaining financial records, preparing financial reports, and supporting other members of the finance team. This role will provide you with the opportunity to develop your accounting skills and grow your career in the property management industry. Job Description: We are seeking a detail-oriented and motivated Junior Accountant to join our finance team. The Junior Accountant will play a vital role in maintaining accurate financial records, managing accounts payable and receivable, assisting in budgeting and forecasting, ensuring compliance, and supporting financial analysis for our property management operations. Responsibilities 1. Financial Record-Keeping and Reporting: Maintain accurate and up-to-date records of all financial transactions related to property management. Assist in the preparation of financial statements, including balance sheets, income statements, and cash flow statements. Reconcile bank statements and ledger accounts monthly to ensure consistency and accuracy. 2. Accounts Payable and Receivable: Process and manage invoices from suppliers and service providers, ensuring timely payments. Assist in the collection of rent and other fees from tenants, and follow up on overdue payments. Keep track of accounts receivable and ensure that all payments are accounted for and properly posted. 3. Budgeting and Forecasting: Help in the preparation of annual budgets for property management, including projecting future revenues and expenses. Regularly compare actual financial results against the budget and report any variances to senior management. 4. Compliance and Auditing: Ensure that all financial activities comply with relevant laws, regulations, and company policies. Assist in internal and external audits by providing necessary documentation and responding to audit inquiries. 5. Financial Analysis: Perform basic financial analysis to support decision-making, such as analyzing trends in income and expenses. Offer insights and recommendations based on financial data to improve financial performance and efficiency. 6. Property Management Specific Duties: Calculate and allocate service charges to tenants based on usage and lease agreements. Maintain accounts for individual properties, ensuring all property-related income and expenses are recorded accurately. Manage accounting for leases, including initial recognition, subsequent measurement, and lease modifications. 7. Communication and Coordination: Work closely with other departments, such as the legal department and operations team, to ensure cohesive financial management. Communicate with tenants and vendors regarding billing inquiries, payments, and other financial matters. 8. Use of Financial Software: Use property management and accounting software (e.g., QuickBooks, Yardi, Mollak) to perform daily accounting tasks efficiently. Enter and manage financial data within the software, ensuring accuracy and completeness. 9. Professional Development: Stay updated on accounting principles, property management regulations, and industry best practices. Participate in training and development programs to enhance accounting skills and knowledge. 10. Administrative Support: Ensure all financial documents are properly filed and organized for easy retrieval. Provide administrative support to senior accountants and finance managers as needed. Requirements Bachelor's degree in Accounting, Finance, or a related field. Proficiency in accounting software and Microsoft Office Suite (especially Excel). Strong analytical skills with attention to detail. Good written and verbal communication skills. Strong organizational and time management skills to handle multiple tasks effectively. Ability to work well in a team and collaborate with other departments.