Finance Managers (Property Dev/Construction/MFRS/Project Financing) KL/PJ/Subang

Finance Managers- Mandarin (Property Development / Construction | MFRS | Project Financing) KL/PJ/Subang Jaya

Job Description:

A.  Property Development Financial Management

• Take primary responsibility for the detailed financial management and monitoring of assigned property development projects.
• Maintain comprehensive project financial information covering revenue, development costs, commitments, collections, financing and cash flow.
• Manage and coordinate the preparation of monthly, quarterly, and annual financial reports for the Group and relevant entities.
• Review financial statements and supporting schedules to ensure accuracy, completeness, and compliance with applicable accounting standards.
• Analyse financial performance and prepare management reports for review by the Head of Finance.
• Prepare financial analysis, variance analysis, and supporting information required for management decision-making.
• Ensure financial reports and schedules are prepared accurately and within the required timelines.
• Escalate significant financial issues, unusual variances, and accounting matters to the Head of Finance.

B. Budgeting & Forecasting

• Coordinate the preparation of annual budgets and periodic forecasts for the relevant business units.
• Consolidate departmental and project budgets for review by the Head of Finance.
• Monitor actual financial performance against approved budgets and forecasts.
• Prepare monthly budget-versus-actual analysis and identify significant variances.
• Work with relevant departments to understand the causes of variances and monitor corrective actions.
• Provide financial analysis and recommendations to the Head of Finance for review and decision-making.

C.  Cash Flow Monitoring

• Prepare and maintain rolling project-level cash flow forecasts.
• Monitor project collections, development expenditure, financing utilisation and upcoming financial commitments.
• Analyse cash flow requirements and identify potential project funding gaps in advance.
• Coordinate with Sales Administration and relevant teams on outstanding collections and financial documentation
• Provide project cash flow information to the Head of Finance for Group-level liquidity planning and capital allocation.
• Recommend project-level cash flow improvement measures where appropriate.

D.  Project Financing & Banking Administration

• Support the Head of Finance in the evaluation and execution of project financing, refinancing and other financing arrangements.
• Prepare financial information, projections, feasibility models and supporting documentation required for financing applications and reviews by banks and financial institutions.
• Coordinate documentation and fulfilment of conditions for bridging loans, project financing, end-financing and other development-related banking facilities.
• Coordinate financing drawdowns and ensure all supporting documentation and drawdown conditions are complete and properly fulfilled.
• Monitor facility utilisation, loan balances, repayment schedules, interest costs, financial covenants and other key financing obligations for assigned projects.
• Maintain accurate and updated records of banking facilities, financing arrangements, drawdowns, repayments and relevant financing commitments.
• Liaise with banks on operational, documentation, account administration and other matters relating to approved banking and financing facilities.
• Identify and promptly escalate potential funding gaps, covenant breaches, repayment issues or other significant financing matters to the Head of Finance.
• Provide relevant project financing information and analysis to support the Head of Finance in Group-level liquidity planning, financing strategy and capital allocation.

E.  Project Accounting & Financial Monitoring

• Review monthly financial results of assigned property development entities and projects.
• Ensure appropriate accounting treatment for property development revenue, development expenditure, inventories, borrowing costs, accruals, provisions and other project-related transactions.
• Review project cost allocation and ensure costs are accurately recorded against the appropriate projects and cost categories.
• Monitor project profitability and reconcile project management information with accounting records.
• Review balance sheet schedules and project-related reconciliations.
• Ensure financial information provided for Group consolidation is accurate, complete and submitted within the required reporting timeline
• Investigate significant accounting or reporting issues and recommend appropriate treatment to the Head of Finance

F. Audit & Tax Coordination

• Coordinate with external auditors for annual audits and other audit requirements.
• Prepare and provide financial schedules, supporting documents, and explanations required by auditors.
• Coordinate with tax agents on tax computations, submissions, tax queries, and related matters.
• Follow up on audit and tax matters and ensure agreed actions are properly addressed.
• Escalate significant audit, tax, or accounting issues to the Head of Finance.

G.   Compliance & Internal Controls

• Ensure day-to-day finance operations comply with applicable accounting standards, tax requirements, statutory requirements, and Company policies.
• Monitor compliance with established financial controls, approval procedures, and accounting policies.
• Identify control weaknesses or process inefficiencies and recommend improvements.
• Ensure proper documentation and supporting records are maintained for financial transactions.
• Monitor compliance with project-related financial requirements, including HDA-related financial matters where applicable.

H.  Finance Team Supervision

• Supervise and guide the finance team in their day-to-day activities.
• Review the work of Finance Executives and other finance personnel to ensure accuracy and timeliness.
• Allocate tasks and monitor the completion of finance activities and reporting deadlines.
• Provide coaching and guidance to team members to improve their technical knowledge and work quality.
• Identify training and development needs within the finance team.
• Assist the Head of Finance in monitoring team performance and manpower requirements**.**

I. Management Support & Cross-Functional Coordination

• Act as the primary Finance working-level contact for assigned property development projects
• Work closely with other departments to obtain accurate and timely financial information.
• Provide financial analysis and recommendations to support management discussions and business decisions.
• Assist the Head of Finance in preparing materials for management meetings and other financial reviews.
• Participate in finance-related projects, process improvement initiatives, and system implementation.
• Act as a finance representative in operational discussions where required.
• Ensure matters requiring strategic decisions or approval are escalated to the Head of Finance.

Education Requirements

• Bachelor’s Degree in Accounting, Finance, or related discipline.
• Professional accounting qualification (e.g., ACCA, CPA, CIMA, ICAEW, or equivalent) is an added advantage.

Experience Requirements:

• Ideally with at least 8 years of working experience in finance and accounting, with at least 3 years in a managerial or supervisory role.
• Proven experience in the property development and/or construction industry is preferred.
• Strong hands-on experience in property development accounting, project costing, project cash flow, development budgets and project profitability analysis.
• Experience managing multiple property development projects and entities within a Group structure.
• Practical experience with HDA requirements, project accounts, bridging facilities, project financing, end-financing, progress billing and development-related banking requirements
• Experience dealing with auditors, tax agents, bankers and other professional advisors.

Skills & Competencies:

• Strong financial and accounting knowledge with good analytical and problem-solving skills.
• Good leadership and people management skills.
• Strong attention to detail and accuracy in financial reporting and analysis.
• Good communication and interpersonal skills.
• Ability to coordinate effectively with internal departments and external parties.
• Ability to identify financial issues, assess their impact, and provide recommendations to the Head of Finance.
• High level of integrity, accountability, and professionalism.
• Ability to manage multiple priorities and meet tight deadlines.
• Good commercial awareness and understanding of business operations.

Technical Requirements:

• Strong knowledge of Malaysian Financial Reporting Standards (MFRS), taxation, and relevant statutory requirements.
• Good knowledge of budgeting, forecasting, financial reporting, consolidation, cash flow monitoring, and cost control.
• Familiarity with property development and construction accounting, project costing, progress claims, and project financial monitoring.
• Proficient in accounting software such as SQL, SAP, Oracle, or equivalent.
• Proficient in Microsoft, Excel and PowerPoint.