Manager Assets Management and GL

About Us 

Born from the vision to elevate Dubai's global prominence, Wasl was founded on May 25, 2008, with the mission to transform the city into an even more captivating destination for residents, businesses, and visitors alike. Created from the union of the Dubai Development Board and Real Estate Department, Wasl embarked on a journey of seamless integration. This strategic merger not only streamlined operations but also empowered our team with enhanced expertise, enabling us to adopt dynamic, market-driven investment strategies.

Today, Wasl stands tall as a cornerstone of Dubai's real estate landscape. As one of the city's largest and most diversified real estate management companies, we proudly oversee an expansive portfolio of landmark assets, entrusted to us by DREC and other esteemed partners. 

1. JOB DETAILS

Position Title: Manager – Fixed Assets & GL
Reports to: Head of Financial Operations
Department: Finance

2. POSITION SUMMARY

Responsible for managing fixed assets and General Ledger (GL) activities to ensure accurate accounting, compliance with IFRS, and integrity of financial data, while supporting financial reporting, controls, and process improvements.

3. JOB DIMENSIONS

Number of Staff Supervised

• Direct Reports: TBC
• Total Reports: TBC

4. KEY RESPONSIBILITIES AND PERFORMANCE STANDARDS

Key Accountabilities

• Manage the recording, tracking, and accounting of fixed assets including acquisitions, disposals, transfers, and depreciation in compliance with IFRS and company policies.
• Oversee asset capitalization processes ensuring proper documentation, accuracy, and adherence to financial policies.
• Lead the calculation and posting of depreciation to ensure completeness and timeliness of financial records.
• Manage General Ledger activities including journal entries, reconciliations, and ledger integrity to ensure accurate financial reporting.
• Oversee month-end and year-end closing processes ensuring all entries and reconciliations are completed accurately and within deadlines.
• Support the preparation of financial statements by ensuring accurate reporting of fixed assets and GL balances.
• Implement and maintain effective internal controls to safeguard financial data and ensure compliance with IFRS and company policies.
• Identify and implement process improvements to enhance efficiency and accuracy within fixed assets and GL functions.
• Lead, manage, and develop the team by setting objectives, monitoring performance, and ensuring delivery of high-quality outputs.
• Liaise with internal and external auditors to provide required documentation and address audit queries effectively.
• Collaborate with internal stakeholders including IT, Operations, and Treasury to ensure accurate and timely financial data flow.
• Perform any additional duties as assigned by the Line Manager.

Key Technical Skills and Knowledge

5. COMMUNICATIONS AND WORKING RELATIONSHIPS

• Internal: Finance team, Treasury, IT, Operations, Senior Management
• External: Auditors, Consultants

6. CONTEXT, WORK ENVIRONMENT AND DECISION-MAKING AUTHORITY (DELEGATIONS)

• Operates in a dynamic finance environment within a real estate / asset management organization.
• Requires strict adherence to financial deadlines and regulatory standards.
• Has authority over review and approval of reconciliations, journal entries, and process improvements within delegated limits.

7. FINANCIAL RESPONSIBILITIES AND ACCOUNTABILITIES

• Ensure accuracy and completeness of fixed asset register and GL balances.
• Oversee depreciation, capitalization, and asset valuation processes.
• Support accurate financial reporting and audit readiness.

8. SELECTION CRITERIA

Qualifications and Experience

Education:

• Bachelor’s degree in Finance, Accounting, or equivalent (Mandatory)
• Professional certification (CPA, CMA, ACCA) or Master’s degree (Preferred)

Experience:

• 5 – 7 years of relevant experience in Fixed Assets & GL or finance roles
• Minimum 2 years in a managerial role
• Experience in real estate / asset management preferred

Note: This job description provides a broad indication of the role and responsibilities of the position. The position holder may be required to perform additional tasks and responsibilities not listed here, in line with organizational needs and changes in business priorities.

Our Values 

At Wasl, we are more than just a real estate company. We are active contributors to Dubai's thriving economy, fostering enduring relationships with our valued stakeholders. Our customer-centric approach is rooted in trust, respect, and a relentless pursuit of innovation in every aspect of asset management.