Development Finance Manager, Property Portfolio

Cornerstone Partnership; Tamworth; On-site; GBP 65,000 - 90,000; Full time

Job summary

Cornerstone Partnership is seeking a Development Finance Manager to own financial management of its development portfolio. This hands-on role reports to the Head of Finance and oversees monthly management accounts, reporting and cashflow across SPVs.

You will manage budgets, forecasts and financial controls, challenge commercial assumptions and provide commercially focused recommendations to senior leadership.

Qualifications

• Experience owning management accounts and monthly reporting.
• 2+ years’ finance experience within property development or related environment.
• ACA, ACCA or CIMA qualification, or equivalent.
• Strong knowledge of development accounting, including WIP, assets under construction, retentions, VAT and project reporting.
• Ability to challenge commercial assumptions and communicate financial risks to non-finance stakeholders.

Responsibilities

• Take end-to-end ownership of monthly management accounts and development reporting, including close, journals, reconciliations and schedules.
• Produce monthly management information covering P&L, balance sheet, working capital, cashflow and covenants.
• Monitor development expenditure, commitments, contingency and cost to complete against budgets.
• Maintain project cashflow forecasts and identify funding requirements and risks.
• Review development appraisals and challenge assumptions on build costs, sales, timing, tax, funding and contingency.
• Manage lender drawdown timetables and certificates reconciliations.
• Lead onboarding of new developments including SPV setup and cost coding.
• Apply accounting treatment to assets under construction, WIP, contract revenue and VAT.
• Review bank reconciliations, payroll and expenses and maintain cash controls.
• Support project-completion reviews and explain variances.

Skills

Advanced Excel

Financial modelling

Budgeting & forecasting

Cashflow management

Xero / cloud accounting

Commercial acumen

Team leadership

Education

ACA/ACCA/CIMA or equivalent

AAT Level 4 with relevant experience

Tools

Xero

Job description

Cornerstone Partnership is seeking a Development Finance Manager to own financial management of its development portfolio. This hands-on role reports to the Head of Finance and oversees monthly management accounts, reporting and cashflow across SPVs.

You will manage budgets, forecasts and financial controls, challenge commercial assumptions and provide commercially focused recommendations to senior leadership.