PROPERTY DEVELOPMENT ASSISTANT FINANCIAL CONTROLLER

Pinnacle Homes Realty and Development Corporation; Selangor; On-site; MYR 120,000 - 160,000; Full time

Job summary

A leading property development company in Selangor is seeking a Property Development Assistant Financial Controller. This role involves overseeing financial management of property projects, collaborating with project teams, and ensuring compliance with financial standards. Candidates should have an Economics or Finance degree and at least 8 years of relevant experience in the property development industry. The company offers a supportive work environment with competitive salaries and opportunities for professional growth.

Benefits

Competitive salary

Performance-based bonuses

Opportunities for professional development

Qualifications

• Minimum 8 years of experience in finance or accounting role.
• Strong understanding of financial management principles.
• Proficient in using financial software.

Responsibilities

• Oversee financial management of property development projects.
• Collaborate with project management for financial accuracy.
• Monitor cash flow and manage project finances.

Skills

Financial Management

Budgeting

Financial Analysis

Interpersonal Skills

Education

Bachelor’s Degree in Economics, Accounting, Finance

Tools

Autocount

Microsoft Office

Job description

PROPERTY DEVELOPMENT ASSISTANT FINANCIAL CONTROLLER

Pinnacle Homes Realty and Development Corporation – Petaling

We are seeking a highly skilled and experienced Property Development Assistant Financial Controller to join our team at PINNACLE HOMES GROUPS OF COMPANIES in Petaling Jaya, Selangor. This is a full-time position where you will play a crucial role in managing the financial aspects of our property development projects.

RESPONSIBILITIES:

• Overseeing the financial management of our property development projects, including budgeting, forecasting, and financial reporting
• Collaborating with the project management team to ensure accurate and timely financial information is provided
• Understanding the basis of preparing Feasibility Studies
• Assess the reasonableness of operating expenses and capital budget
• Identifying and implementing financial strategies to optimize project profitability
• Analyze and assess how business plan can be in line with Corporate Strategies
• Performing periodic analytical review on the actual financial results compared to budget
• Analyzing financial information, monitoring and interpreting the results versus business plan
• Facilitate budgeting and business planning exercises with relevant business units to ensure a balance is struck between realistic targets and ensure the overall achievability of such targets is attainable so that the accuracy of business cashflow projections is ensured
• Monitoring cash flow and ensuring the efficient management of project finances
• Managing the preparation of the company’s financial budget
• Review and analyze the reasonableness of timeline, project milestones, costs and pricing assumptions used in preparing the financial budgets
• Track assigned project budgets and lead monthly budget meetings to identify and discuss any cost/budget issues
• Providing financial advice and support to the project team
• Assist with ad hoc financial analysis of new and existing development projects
• Take charge of day-to-day accounting and financial operation
• Responsible for all development accounting including project cost tracking and reporting, processing of project A/P, and construction draw processing for both new construction and renovation/remodel projects
• Track project costs, process invoices and prepare journal entries to appropriately reflect all development project costs and activities from inception through start of new company
• Conduct review and evaluate the effectiveness and efficiency of standard operating procedures; and
• Proposed/enhancements to current workflows of the current team to improve the efficiency and effectiveness of operations
• Prepare project cash flow forecasts, updating monthly for changes in estimates and schedules based on information provided by other functional teams
• Liaise with external auditors, consultants and tax agents on financial accounting and tax issues
• Ensure group’s accounting policies are appropriately applied to new development projects
• Ensure compliance with regulatory & statutory requirement and FRS
• Ensuring compliance with relevant accounting standards and regulations
• Participating in proposed corporate proposals e.g. land acquisition, proposed ventures into new businesses
• To prepare relevant financial simulations/statements based on any proposed business ventures; and
• To participate in the structuring and inception of various proposed business ventures
• Monitoring and ensure efficient and optimal funds management
• Liaise with lenders on existing and new borrowings
• Furnish relevant financial documents (such as cashflow projections) to lending institutions and/or the relevant parties to facilitate the applications for financial facilities
• Establish, prepare, upload and maintain up-to-date and relevant documentations to improve efficiency financial facility applications and/or modifications/ improvements to existing financial facilities; and
• Participate in exercises related to capital raising and/or funds to ensure the future success and sustainability of various business units and/or new business ventures
• To assist and work closely as a team member in the Transfer Pricing exercise
• to the GST Review exercise
• periodically review tax implications based on the decisions made by management for various business units
• provide in-depth analysis into the financial implications of business decisions; and
• in the overall finance and reporting function as required under Board and/or any other relevant regulatory body
• preparation and/or review of monthly account reconciliations in accordance with Finance Account Reconciliation Standards
  Responsible for accurate and timely submission of monthly/quarterly management accounts and financial reports
• Preparing regular financial reports and presenting them to senior management
• prepare monthly consolidated P&L and Balance Sheet plus analysis for management reporting
• preparation of tax computation and in charge of yearly tax submission
• Interact with internal and external parties on finance and accounting related issues

REQUIREMENTS:

• Minimum Bachelor’s Degree/Professional Qualification in Economics, Accounting, Finance, Banking or equivalent
• Minimum 8 years of experience in a finance or accounting role, preferably within the property development industry and/or property developer companies. Involvement in construction industries and/or project construction companies is an added advantage
• Strong understanding of financial management principles, budgeting, and forecasting
• Proficient in financial analysis, reporting, and presenting financial information to stakeholders
• Excellent communication and interpersonal skills, with the ability to work collaboratively with cross-functional teams
• Highly organized and detail-oriented, with the ability to multitask and meet deadlines
• Proficient in using financial software such as Autocount and/or CSS and/or IFCA and Microsoft Office applications
• Proficient in written and spoken in English, Bahasa Malay and Mandarin to effectively communicate with especially Mandarin-speaking stakeholder. Ability to communicate local dialects with all levels of stakeholders internally/externally would be an added advantage
• Professional qualification such as ACCA, CIMA, or MIA membership is an added advantage
• Working knowledge of GAAP and financial reporting/tax
• Strong analytical skills
• Ability to work under pressure
• Ability to evaluate multiple highly detailed tasks, determine priorities and organize work for maximum delivery result
• Has the ability to demonstrate breadth knowledge across multiple areas of accounting, finance, taxation and related fields
• Strong interpersonal and leadership skills
• Detailed with excellent problem-solving skills, able to multi-task, proactive and able to meet tight timeline
• Possess strong sense of responsibility and integrity
• Flexible and highly resourceful with the ability to work independently
• Proficiency in financial analysis and financial modelling
• Any ad hoc assignment assigns by the Company from time to time

What we offer

We are committed to ethical business practices, environmental sustainability, and fostering a positive company culture to providing our employees with a rewarding and supportive work environment. Our comprehensive benefits package includes competitive salaries, performance-based bonuses, attractive allowances and incentive, opportunities for professional development and training and a range of comprehensive health and wellbeing initiatives. We believe in cultivating a positive and collaborative work environment that encourages professional growth and work-life balance with a collaborative and inclusive company culture

About us

PINNACLE HOMES GROUPS OF COMPANIES is a leading property development company with a strong track record of delivering high-quality residential and commercial projects. Our mission is to create sustainable and innovative living and working spaces that enhance the lives of our customers. Our company culture is built on a foundation of integrity, teamwork, and a passion for excellence.

If you are passionate about property development finance and are looking to join a dynamic and innovative company, we encourage you to apply now. Please submit your resume and cover letter to *******@pinnacle-homes.com or write in/email the applications with indicating personal particulars, qualification, employment history, remuneration expected, contact number and a recent passport-size photograph (n.r.) through Jobstreet.

All applications will be treated in the strictest of confidence and only shortlisted candidates will be notified.