Finance Manager (Property Development)

Mayland Group of Companies; Kuala Lumpur; On-site; MYR 120,000 - 240,000; Full time

Job summary

Mayland Group of Companies in Kuala Lumpur, Malaysia, is seeking a Finance Manager to lead the full spectrum of financial activities, including month-end/year-end closing, financial reporting and maintenance of accounting records.

The role requires ensuring compliance with accounting standards, statutory requirements, audit, tax and governance, while maintaining strong internal controls and timely management reporting. Experience in property development accounting is beneficial.

Qualifications

• Bachelor’s degree in accounting, finance or related discipline is required.
• Professional qualifications such as ACCA, CIMA, MICPA or CPA are advantageous.
• 5–8 years of relevant experience, preferably in property development, real estate or construction.
• Strong knowledge of financial reporting, budgeting, taxation, cash flow management and internal controls.
• Experience in managing a full set of accounts is essential.
• Familiarity with IFCA System (Property Management) is an added advantage.

Responsibilities

• Manage full spectrum of finance and accounting functions including month-end and year-end close and financial reporting.
• Ensure compliance with accounting standards, statutory requirements, audit, tax and corporate governance.
• Maintain proper accounting controls and systems per company policies and standards.
• Prepare monthly management accounts, financial reports, budgets and forecasts for Management review.
• Monitor project budgets, cash flow projections and cost-to-complete for property development projects.
• Liaise with auditors, tax agents, bankers and other advisors on finance matters.
• Supervise finance team and resolve issues to ensure smooth day-to-day operations.

Skills

Analytical skills

Financial reporting

Communication skills

Interpersonal skills

Multitasking

Education

Bachelor's Degree in Accounting/Finance or related

ACCA/CIMA/MICPA/CPA preferred

Tools

IFCA System

Job description

Mayland Group of Companies - Kuala Lumpur, Kuala Lumpur

Manage the full spectrum of finance and accounting functions assigned to the role, including month-end and year-end closing, financial reporting and maintenance of accounting records.

Ensure compliance with applicable accounting standards, statutory requirements, audit, tax and corporate governance matters.

Ensure proper accounting controls and financial systems are maintained accurately, up to date and in accordance with company policies and accounting standards.

Ensure a full set of accounting records and monthly accounts are prepared accurately and on a timely basis.

Prepare monthly management accounts, financial reports, budgets and forecasts for Management review.

Analyse monthly financial statements and provide financial insights and recommendations to Management.

Prepare and manage annual budgets, forecasts, cash flow projections and cost impact analysis.

Monitor the financial performance and profitability of property development projects, including project budgets, development costs, commitments and cost-to-complete.

Prepare and monitor project cash flow forecasts, working capital requirements and other project-related financial commitments.

Review purchase requisitions to ensure compliance with approved capital expenditure and operating expense budgets.

Check and verify payments, including cheques, e-banking and petty cash, to ensure payments are properly authorised and in compliance with SOPs and approved limits.

Formulate, implement and monitor effective internal control policies and procedures.

Monitor property-related receivables, collections and financial commitments where applicable.

Liaise with external auditors, tax agents, bankers and other professional advisors on finance-related matters.

Prepare financial and management reports or analysis as and when required.

Resolve finance-related issues and ensure smooth day-to-day operations of the assigned finance functions.

Supervise and provide guidance to finance team members to ensure efficient and timely completion of their duties.

Perform any other ad hoc duties and assignments as and when required by Management.

Key Responsibilities

• Manage the full spectrum of finance and accounting functions assigned to the role, including month-end and year-end closing, financial reporting and maintenance of accounting records.

• Ensure compliance with applicable accounting standards, statutory requirements, audit, tax and corporate governance matters.

• Ensure proper accounting controls and financial systems are maintained accurately, up to date and in accordance with company policies and accounting standards.

• Ensure a full set of accounting records and monthly accounts are prepared accurately and on a timely basis.

• Prepare monthly management accounts, financial reports, budgets and forecasts for Management review.

• Analyse monthly financial statements and provide financial insights and recommendations to Management.

• Prepare and manage annual budgets, forecasts, cash flow projections and cost impact analysis.

• Monitor the financial performance and profitability of property development projects, including project budgets, development costs, commitments and cost-to-complete.

• Prepare and monitor project cash flow forecasts, working capital requirements and other project-related financial commitments.

• Review purchase requisitions to ensure compliance with approved capital expenditure and operating expense budgets.

• Check and verify payments, including cheques, e-banking and petty cash, to ensure payments are properly authorised and in compliance with SOPs and approved limits.

• Formulate, implement and monitor effective internal control policies and procedures.

• Monitor property-related receivables, collections and financial commitments where applicable.

• Liaise with external auditors, tax agents, bankers and other professional advisors on finance-related matters.

• Prepare financial and management reports or analysis as and when required.

• Resolve finance-related issues and ensure smooth day-to-day operations of the assigned finance functions.

• Supervise and provide guidance to finance team members to ensure efficient and timely completion of their duties.

• Perform any other ad hoc duties and assignments as and when required by Management.

Job Requirements

• Candidate must possess at least a Bachelor's Degree in Accounting, Finance or a related discipline.

• Professional qualification such as ACCA, CIMA, MICPA, CPA or equivalent is an advantage.

• Minimum 5-8 years of relevant experience, preferably with experience in property development, real estate or construction.

• Strong knowledge of financial reporting, accounting, budgeting, taxation, cash flow management and internal controls.

• Experience in managing a full set of accounts is essential.

• Experience in property development accounting is an added advantage.

• Familiar with IFCA System (for Property Management) is an added advantage.

• Strong analytical, problem-solving and organisational skills.

• Able to multitask, prioritise work and meet tight deadlines.

• Good communication and interpersonal skills with the ability to work effectively with Management and other departments.

• Detail-oriented, responsible and able to work independently.