Job Description
Financial Operation
- Review of community budgets and providing feedback to community managers and RERA auditors for finalization and approval of the budgets.
- Review invoicing of quarterly community charges from Mollak System and ensuring that invoices are sent correctly and on time.
- Review IFRS financial statements, submission to the auditors and attending auditors queries.
- Registration of new hand over communities into the Mollak System.
- Sending debit notes for back charges and Emaar Contribution to group entities on monthly basis.
- Opening of bank accounts, procurement of merchant ID’s for new hand over communities and providing required info/documents for setting up the community in the system.
- Responsible for completeness and accuracy of GL, receivables and other financial records.
- Assist in achieving collection targets.
- Process of filing and withdrawal of RDC Cases
- Timely payment reminders are sent to the defaulting customer.
- Proper follow up is carried out with all the defaulting customers.
- Driving digitization and automation projects for process improvement.
- Ensuring and monitoring team’s productivity, quality, and customer-service standards, timely month end closing, resolving problems and identifying improvements.
- Coaching, counseling, and performance appraisal of team members.
- Managing escrow account operations.
- Supervising the preparation of analysis of delinquent account balances.
- Corresponding/Negotiating with delinquent accounts.
- Creating customer invoice.
- Confirming customer balance.
- Review provision for bad debts and write off bad debts.
- Reconciling customer balances.
Coordination
- Coordination with site teams and community managers, association managers for budgeting, invoicing, variance analysis and proper accruals.
- Coordination with internal and external auditors to resolve their queries.
- Coordination with Auditors and ERES for registration of communities, budget review and service fees invoicing from Mollak System.
- Coordination with banks for opening, activating and maintaining escrow accounts.
- Coordination with insurance team for insurance of communities.
- Supervise transactions of 3rd party service providers
- Issue completion certificate to customers (non-cash)
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Salary : Not Disclosed by Recruiter
Industry : IT Software - Other
Functional Area : Business Finance
Role Category : Construction
Employment Type : Full-Time
Education / Qualification : B.com