Senior Finance Manager

MB World Group Berhad; Johor Bahru; On-site; MYR 80,000 - 120,000; Full time

Job summary

A prominent property development company in Johor Bahru is seeking a Financial Manager to oversee financial planning, reporting, and compliance for development projects. The role involves managing budgets, cash flows, and providing strategic insights to senior management. Ideal candidates will have strong financial modelling skills and knowledge of project financing, as well as proficiency in ERP systems. This position is essential in ensuring the company's financial health and supporting business growth initiatives.

Qualifications

• In-depth knowledge of project financing and property development cycles.
• Excellent command of accounting and financial reporting standards.
• Strong financial analysis and reporting skills.

Responsibilities

• Oversee financial planning and reporting for development projects.
• Manage project budgets, forecasts, and cash flow.
• Ensure compliance with tax and corporate requirements.

Skills

Financial modelling

Analytical ability

Stakeholder management

Communication skills

Education

Degree in Finance or a related field

Tools

ERP or accounting software (e.g., SAP, Oracle)

Job description

To oversee and manage the financial planning, reporting, and control of development projects and the company’s overall financial health. He / she ensures that all financial activities comply with regulatory requirements and support strategic business growth.

Key Responsibilities

• Develop financial models and feasibility studies for new development projects.
• Prepare project budgets, forecasts, and cash flow projections.
• Evaluate funding options and financial risks for each project.
• Manage property development accounts, including project financing, bridging loans, term loans and collection on progress billings.

2. Budgeting & Cost Control

• Establish and monitor project budgets in coordination with project managers and quantity surveyors.
• Track project expenditures and ensure alignment with approved budgets.
• Implement cost control measures to minimize overruns and optimize margins.
• Provide monthly variance analysis and explanations.

3. Cash Flow & Treasury Management

• Manage property development HDA accounts, including project financing, bridging loans, term loans and collection on progress billings.
• Monitor and manage cash flow requirements for ongoing projects.
• Oversee financing arrangements (bank loans, bridging finance, joint venture funding).
• Manage relationships with banks, financial institutions, and investors.
• Ensure timely collection of sales proceeds and payments to contractors/suppliers.
• Collaborate with project, sales, credit control and contract departments to align financial strategies with development objectives.

4. Strategic & Business Support

• Provide financial insights and advice to the senior management team for strategic decisions.
• Participate in land acquisition evaluations and investment committee reviews.
• Support business development activities through financial due diligence.
• Contribute to business growth and long-term capital planning.

5. Compliance & Governance

• Ensure compliance with tax, statutory, and corporate requirements.
• Maintain strong internal controls and risk management systems.
• Liaise with external auditors, tax agents, and regulatory bodies.
• Supervise and mentor the finance and accounting team.
• Develop financial procedures and systems to improve efficiency and accuracy.
• Promote a culture of accountability and continuous improvement.

Qualifications

• Strong financial modelling and analytical ability.
• In-depth knowledge of project financing and property development cycles.
• Excellent command of accounting and financial reporting standards.
• Strong communication and stakeholder management skills.
• Proficient in ERP or accounting software (e.g., SAP, Oracle, or similar).

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