Ahmed Abouelnaga
DUBAI,UAE
Summary
Financial management and real estate professional with over 12 years of experience in financial statement analysis, property management, and risk management. Proven expertise in contract negotiations, vendor relationship management, and optimizing workflow procedures. Adept at leading teams, implementing revenue growth strategies, and managing both commercial and residential properties. Strong knowledge of local market trends, leasing terms, and compliance with real estate regulations.
Overview
4
4
years of post-secondary education
Work history
Senior Real Estate Accountant
MIDDLE EASTREAL ESTATE
DUBAI, UAE
03 2012 - 04 2021
- Maintain accurate and up-to-date financial records for all real estate transactions.
- Oversee the accounting aspects of rental income, leasing contracts, and tenant billing.
- Monitor accounts receivable and ensure timely collection of rents and lease payments.
- Track and manage all expenses related to property maintenance, development, and other operational costs
- Develop and manage budgets for different real estate projects and properties.
- Perform cost analysis for real estate projects to determine profitability and provide recommendations for cost reduction.
- Monitor and manage the cash flow of various real estate projects and properties to ensure liquidity.
- Ensure compliance with Dubai’s tax laws and regulations, including VAT filing and payment.
- Stay updated with changes in tax policies and advise accordingly.
- Ensure that all financial practices comply with local regulations and laws, including real estate regulations specific to Dubai and the UAE.
- Prepare financial statements, including balance sheets, income statements, and cash flow statements.
- Generate periodic financial reports for property owners and managers.
- Prepare for and support internal and external audits by providing necessary documentation and explanation of financial records.
- Evaluate potential real estate investments, perform financial modeling, and prepare reports to assist in decision-making processes.
- Reviewing financial details of contracts, agreements, and leases to ensure favorable and accurate representation of financial terms.
- Employing and maintaining real estate accounting software to streamline operations and improve accuracy.
Property Manager
S A S A Real Estate
Dubai , UAE
04 2021 - 10 2023
- Handle tenant inquiries, complaints, and requests promptly and efficiently.
- Facilitate lease agreements, renewals, and terminations, ensuring compliance with local laws and regulations.
- Prepare and manage budgets for the property, ensuring cost-effective operations.
- Collect rent payments, manage accounts receivable, and conduct financial reporting.
- Develop and implement marketing strategies to attract and retain tenants.
- Conduct property showings and screenings of prospective tenants.
- Ensure properties comply with Dubai’s local real estate laws and regulations.
- Stay updated on changes in property law to mitigate risk and ensure ongoing compliance.
- Establish and maintain relationships with vendors and contractors to ensure service quality and timely completion of projects.
- Negotiate contracts and agreements to secure favorable terms and conditions.
- Conduct regular property inspections to ensure standards are met and identify areas for improvement.
- Document inspection results and follow up on necessary repairs or upgrades.
- Provide excellent customer service to tenants to enhance tenant satisfaction and retention.
- Address and resolve tenant issues with a focus on quality and responsiveness.
- Develop and implement emergency response plans.
- Take immediate action during emergencies, such as fires or natural disasters, to ensure tenant safety and property protection.
- Maintain accurate records, including tenant files, maintenance records, and financial documents.
- Utilize property management software for efficient operations.
Finance Manager
Middle East Real Estate
Dubai, UAE
10 2023 - 08 2024
- Develop and manage budgets for various real estate projects.
- Create financial forecasts to predict future revenue and expenses.
- Build models to evaluate the financial performance of current and prospective investments.
- Identify financial risks associated with investments and propose mitigation strategies.
- Assess and analyze potential investment opportunities to provide guidance on property purchases, sales, or development.
- Track the company’s cash flow to ensure liquidity.
- Oversee and control spending to stay within budgetary constraints.
- Ensure timely collection of receivables related to rent, lease payments, or sale proceeds.
- Prepare accurate financial reports for stakeholders, including profit and loss statements, balance sheets, and cash flow statements.
- Ensure that all financial practices comply with local, state, and federal regulations.
- Oversee tax planning and ensure timely tax filings and payments.
- Act as the primary contact for both internal and external audits, ensuring all financial documentation is accurate and up-to-date.
- Collaborate with senior management to make informed strategic decisions about property acquisitions, developments, and dispositions.
- Conduct market research to identify trends and opportunities within the real estate market.
- Identify and secure funding sources for new projects, which could involve traditional loans, private equity, or partnership agreements.
- Lead and manage the finance team, providing guidance, mentoring, and performance evaluations.
- Ensure team members are trained on the latest financial tools and best practices.
- Maintain effective communication with stakeholders, including investors, property managers, and developers.
- Negotiate contracts and terms with suppliers, contractors, and service providers.
- Utilize advanced financial software for budgeting, forecasting, and reporting to enhance efficiency and accuracy.
- Implement data analytics to inform financial decision-making.
- Conduct cost-benefit analyses for potential projects or changes in operations.
- Develop and enforce financial policies and procedures to safeguard company assets and improve financial processes.
- Oversee procurement activities to ensure cost-effectiveness and adherence to budget.
- Monitor and manage the performance of the real estate portfolio to maximize return on investment.
- Regularly assess property values and ensure that asset management strategies align with market conditions.
Education
Bachelor's degree in Accounting, - Finance
MANSOURA UNIVERSITY
2007.07 - 2011.05
Skills
- Effective communication and conflict resolution
- Tenant retention strategies
- Overseeing repairs and maintenance
- Coordinating with contractors and service providers
- Budgeting and financial planning
- Rent collection and financial reporting
- Knowledge of local property laws and regulations
- Ensuring property codes and standards are met
- Property marketing strategies
- Conducting property tours and managing leasing processes
- Efficient time management
- Multitasking and prioritizing responsibilities
- Property management software
- Basic accounting software and tools
- Building strong tenant relationships
- Ensuring tenant satisfaction and addressing concerns promptly
- Identifying potential risks and implementing mitigation strategies
- Insurance knowledge
- Analyzing financial statements
- Assessing project feasibility and profitability
- Evaluating real estate investments
- Conducting market and risk analysis
- Creating and managing financial models
- Strategic financial planning
- Understanding of financial regulations and compliance
- Knowledge of tax implications in real estate
- Knowledge of debt and equity capital markets
- Managing financing and refinancing projects
- Negotiating financing terms with lenders
- Structuring complex financial deals
- Advanced Excel and financial modeling software skills
- Familiarity with finance and accounting software
- Identifying and mitigating financial risks
- Insurance planning and management
- Overseeing financial aspects of real estate projects
- Coordinating with various stakeholders
- Presenting financial insights to stakeholders
- Effective written and verbal communication
Languages
Arabic
Native
English
Advanced
Timeline
Bachelor's degree in Accounting, - Finance
MANSOURA UNIVERSITY
2007.07 - 2011.05
Senior Real Estate Accountant
MIDDLE EASTREAL ESTATE
03 2012 - 04 2021
Property Manager
S A S A Real Estate
04 2021 - 10 2023
Finance Manager
Middle East Real Estate
10 2023 - 08 2024