Assistant Manager, Construction - Contract Financing

Job Summary

As an Assistant Manager, Construction – Contract Financing at Planworth, you will play a crucial role in evaluating project costs, verifying payment claims, and assessing financial risks for construction factoring. You will ensure that project financing decisions are backed by accurate cost analysis, contract verification, and risk mitigation strategies.

What is your role? Responsibilities

1.     Project Cost & Financial Assessment

• Evaluate Bill of Quantities (BQ), cost estimates, and project budgets submitted by contractors/subcontractors.
• Assess financial feasibility of construction projects for financing approval.
• Provide recommendations on funding eligibility based on cost analysis.

2.     Verification of Payment Claims

• Review and validate contractor and subcontractor payment claims before financing disbursement.
• Conduct site visits (if necessary) to verify project progress and ensure claims align with completed work.
• Prevent overpayment or fraudulent claims through accurate assessment.

3.     Risk Analysis & Due Diligence

• Identify potential cost-related risks and financial red flags in project applications.
• Ensure that projects comply with factoring guidelines and risk management policies.
• Work closely with the credit, operations and sales team to evaluate project viability.

4.     Contract & Documentation Review

• Analyse construction contracts (PAM, JKR, PWD, FIDIC) to determine financial obligations and risks.
• Ensure payment terms, retention sums, and variations comply with contractual agreements.
• Provide expert advice on contractual disputes related to project financing.

5.     Project Cost Monitoring & Reporting

• Track project cash flows, cost variations, and financial performance.
• Provide regular reports of loan status, project progress, and potential risks and insights to management for financing decisions.
• Ensure proper documentation of cost assessments and project evaluations.
• Regularly inspect and verify the physical progress of construction projects funded by loans.

6.     Stakeholder Coordination

• Collaborate with clients, contractors, relationship managers, and legal teams to streamline project financing.
• Communicate effectively with project team and financiers to ensure transparency to assist in resolving discrepancies.

Who are we looking for? Requirements

• Bachelor’s Degree in Quantity Surveying, Construction Management, Civil Engineering, or a related field.
• At least 5-8 years relevant experience in quantity surveying, contract administration, project cost management, construction project evaluation, or technical due diligence.
• Well known on certification process for both private and government sector and capable of identifying contractual precedents for release of payments.
• Able to carry out project cost estimation independently.
• Strong analytical skills in reviewing interim certificates and construction contracts, capable of carrying out risk assessment to respective contracts being finances and provide checkpoint for loan disbursements.
• Knowledge of construction contracts (PAM, PWD, FIDIC) and project financing processes.
• Proficiency in financial tools (Excel, financial modeling).
• Ability to work in a fast-paced financial environment while ensuring accuracy in cost assessments.
• Demonstrates a strong determination to achieve goals and overcome challenges.
• Takes proactive steps and demonstrates initiative to take on tasks independently.
• Hard-working and diligence in carrying out responsibilities.
• A Goal Go-Getter to achieve objectives and meet targets.
• Curious and Hungry to succeed in their role.
• An enthusiastic learner to acquire new knowledge and skills.

We appreciate your talent: Benefits and Perks

• 5 days working week.
• Competitive basic salary.
• Attractive annual performance bonus. Our rewards philosophy matches pay to performance, potential and work ethics.
• Insurance coverage for staff - Group Hospitalization, Group Term Life and Group Personal Accident.
• Other staff benefits such as Medical claims, Optical, Dental, Annual health screening, Company trips, Teambuilding activities, Wedding gifts, Child Birth gifts and many more.
• Large, modern, luxury, advanced and trendy office layout for your optimum safety, comfort and performance, prayer room, training room and a secure basement parking.
• Pantry service with beverage vending machine. Enjoy complimentary, barista-style refreshments, including a selection of Cappuccinos, Lattes, and Americanos available throughout the day.
• We are committed to employee health, wellbeing and comfort – We provide ergonomic adjustable chairs and desks to support and promote good health and body posture. Ergonomic chairs and tables are highly adjustable to suit the natural position of your joints and body type to align your shoulders, provide hips and spine support, increased productivity, and enhanced employee comfort.
• Accelerate Your Career Growth - We start by using an assessment tool to identify your strengths and target areas for upskilling. To help you advance, we offer structured mentoring and coaching programs intended to build leadership and management capabilities through real-world, on-the-job training. Furthermore, there are plenty of career growth opportunities and avenues to diversify into other roles within the company.

Where are we? Ideal Location

• Close to Putra LRT - Ampang Park Station (5 mins walk)

• Adjacent to MRT - Ampang Park Station (5 mins walk)

• Surrounded by shopping centres - short walking distance to KLCC, Avenue K, Intermark and etc.

• Located on the ground floor of a 33 storey building with more than 10,000ft of work space.

Are you ready to apply your talent and elevate your working skills and experience? Click the ‘Apply Now’ and you are one step ahead to an outstanding career!

ONLY SHORTLISTED CANDIDATES WILL BE NOTIFIED