Senior Accountant

Company Description Bin Al Sheikh Holding is a distinguished group of companies based in the State of Qatar, contributing to the country's economic and infrastructural development. The group operates across Qatar and international markets in various sectors, including Real Estate, Contracting, Construction, Production, and Industry. With a diverse portfolio of business operations, the group offers professionals the opportunity to work in a dynamic, multi-sector environment and contribute to the financial performance and growth of its businesses. Role Description Position: Senior Accountant

Location:
Muscat, Oman Employment Type: Full-time, On-site Bin Al Sheikh Holding is seeking a highly experienced and detail-oriented Senior Accountant with extensive experience in the real estate sector, particularly in retail and commercial property accounting, to join our team in Muscat, Oman. The successful candidate will oversee day-to-day accounting operations, maintain accurate financial records, prepare financial statements, and ensure compliance with applicable accounting standards and internal controls. A strong understanding of real estate financial operations, including rental income, lease agreements, tenant accounts, property expenses, and collections, is essential. The role also involves financial reporting, budgeting, cash flow management, audit coordination, and providing accurate financial insights to support management decision-making.

Key Responsibilities
• Manage daily accounting operations, including general ledger maintenance, journal entries, accounts payable, accounts receivable, and bank reconciliations.
• Prepare monthly, quarterly, and annual financial statements and management reports.
• Oversee accounting activities related to retail and commercial properties, including shopping centres, retail units, office spaces, and other commercial properties.
• Monitor rental income, lease agreements, tenant accounts, rental escalations, security deposits, service charges, and outstanding receivables.
• Track rental collections, overdue payments, tenant balances, and other property-related financial transactions.
• Reconcile rental accounts and ensure accurate recording of lease-related income and expenses.
• Monitor property operating expenses, maintenance costs, and other real estate-related expenditures.
• Manage month-end and year-end closing processes and ensure timely and accurate financial reporting.
• Prepare budgets, cash flow forecasts, financial analyses, and variance reports.
• Ensure compliance with applicable accounting standards, including IFRS, relevant regulations in Oman, and company policies.
• Coordinate with internal and external auditors and support audit requirements.
• Strengthen internal controls, improve accounting procedures, and ensure the accuracy and integrity of financial records.
• Liaise with property management, leasing, finance, and other departments to ensure accurate reporting and effective financial control.
• Supervise and guide junior accounting staff when required.
• Qualifications and Requirements
• Bachelor's degree in Accounting, Finance, or a related field.
• Extensive, proven experience in real estate accounting, specifically within the retail and commercial property sectors.
• Minimum of 5–7 years of relevant accounting experience, with substantial hands-on experience in real estate operations.
• Strong knowledge of commercial and retail property accounting, rental income recognition, lease accounting, tenant ledgers, rental collections, service charges, and property operating expenses.
• Proven experience handling multiple properties, tenant accounts, lease-related transactions, and rental receivables.
• Strong knowledge of general ledger accounting, financial statement preparation, budgeting, forecasting, and financial analysis.
• Good understanding of IFRS, internal controls, audit procedures, and applicable accounting regulations in Oman.
• Proficiency in accounting software, ERP systems, and Microsoft Excel.
• Excellent analytical, organizational, and problem-solving skills, with a high level of accuracy and attention to detail.
• Strong communication skills and the ability to coordinate effectively with management and cross-functional teams.
• Professional certifications such as ACCA, CPA, or equivalent will be an advantage.
• Candidates with relevant real estate experience in Oman or the GCC region will be preferred.
• Important Application Notice ONLY QUALIFIED CANDIDATES WITH EXTENSIVE, HANDS-ON EXPERIENCE IN REAL ESTATE ACCOUNTING, PARTICULARLY IN RETAIL AND COMMERCIAL PROPERTIES, WILL BE CONSIDERED. Candidates whose experience is limited to general accounting, without substantial real estate sector exposure, are kindly requested not to apply.
• Interested applicants who meet the above requirements are invited to submit their updated CV for consideration.