About this role
Key Responsibilities: Prepare Owners Association budgets & calculation of Service Charges in accordance with the STRATA Law and other Rules and Regulations as prescribed by the Real Estate Regulatory Agency, Dubai (RERA). Facilitate release of payments to various service providers and suppliers in line with the approved budget and as per requirements prescribed by RERA and Escrow Trustee bank. Well versed with RERA’s Mollak system to facilitate generation and issuance of Service Charges invoices to Residence Owners on time. Manage service charges collection process, maintain records of Service Charges received from the Residence Owners, track outstanding service charges and reconciliation of the amount received in the Regulated bank account and RERA’s Mollak system. Facilitate Invoicing, Collection and Depositing of other OA incomes such as Hot Water, Potable Water, Gas charges, Penalties etc. received and maintain proper records of the same. Prepare financial reports as required by the Auditors & RERA. Keep track of VAT collected & paid and ensure timely filing of VAT returns and / or payments to the respective authority. Provide periodical MIS reports to the management. Perform other standard book keeping & accounting tasks associated with the day-today operations and management of STRATA / Body corporate and maintain accounting records of all associated financial transactions.