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Receivable Accountant

True Blue Inc
Keywords / Skills : Receivable Accountant, Bank Reconciliation, AR, Account Receivable, RERA, ESCROW, financial, Accounts
2 - 4 years
Posted: 23rd Nov 2016

Banking/ Financial Services
Finance & Accounts
Bachelor's Degree
Posted On
23rd Nov 2016
Job Description
Role: Receivable Accountant

Location: Dubai


Candidate should have at least 2 years exposure to RERA/ESCROW receivables.

From similar background developer.


Perform the daily bank reconciliation and updating the escrow account.

-Handle all receivables collection.

-Handle all receivable booking and updating books on time

-Report any collection variations and follow up with clients collections

-Updating clients files and correspondence between accounts / Sales / Banks / CRM

-Responsible of tallying balances with SPAs and recording all entries in the system

-Handle all allocations of revenues and expenses for sales from residential units

-Updating the master sheet for Sales and revenues

-Report weekly to sales the budget vs Variation report

-Liaising with Finance on irregular transactions and prepare files for terminations and legal if needed

-Follow up with RERA and Land Department for any needed registration

-Assist the daily suppliers accounts reconciliation.

-Handle the booking of all purchase invoices related to the project.

-Assist in the monthly closing and financial reporting.

-Assist in the yearend closing with the rest of the finance team and auditors.

-Maintain and update registers applicable to suppliers and payment certificates.

-Prepare monthly variance reports and report to CFO.

-Responsible for data entry and gain/loss calculations.

-Reconcile, adjust and maintain Balance Sheet accounts such as prepaid expense, petty cash, accounts receivable, payroll related payables, loan and notes receivables, deferred income accounts, etc.

-Compile, enter and post monthly adjusting journal entries.

-Assist with closing the books and in producing monthly Profit and Loss statements.

-Assist in the preparation of audit schedules and work closely with the auditors to ensure the completion of a timely audit.

-Interact with Senior Management on daily basis and assist on special projects.

-Prepare bank deposits as wells as deposit of PDCs to bank in due course

-Prepare monthly accrual and income entry and previous month reversal.

-Maintain filing system for related documents.

-Prepare and follow up on Banks cheque withdrawals, follow up with bounced cheques and returned ones and clear all outstanding issues.

-Document all financial transactions

-Reconcile financial discrepancies by collecting and analyzing account information.

-Secure financial information by completing data base backups.

-Maintain financial security by following internal controls.

Prepare payments by verifying documentation, and requesting disbursements.

About Company
TrueBlue is the leading manpower provider in the US and now with branches in UAE. Our company offers a full range of staffing solutions and specialized expertise to industries that include construction, manufacturing, transportation, aviation, waste, hospitality, retail, renewable energy and more.
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