Assistant Manager, Finance

Job Responsibilities:

1. Financial Reporting and Month-End Closing

• Manage and review monthly and year-end closing activities to ensure timely and accurate financial reporting.
• Prepare and review management accounts, financial statements, journal entries, accruals, and balance sheet reconciliations.
• Review accounts receivable, accounts payable, bank reconciliations, and intercompany transactions.
• Ensure the accuracy and integrity of financial records across the assigned portfolio of companies.

2. Revenue, Cost and Profit Recognition

• Oversee revenue and profit recognition in accordance with applicable accounting standards and the progress and sales status of property development projects.
• Monitor property sales, inventory movements, development costs, and project profitability.
• Review development cost allocation and segregation to ensure accurate project costing and financial reporting.
• Analyse cost variances and financial performance, highlighting significant issues and recommending corrective actions where necessary.

3. Statutory Compliance, Audit and Taxation

• Coordinate annual external audits, tax computations, tax submissions, and other statutory reporting requirements.
• Prepare and review audit schedules, supporting documentation, and responses to audit queries.
• Ensure timely submission of statutory returns and financial information to the relevant authorities.
• Maintain compliance with applicable financial reporting standards, tax regulations, company legislation, and internal policies.

4. Cash Flow and Financial Control

• Monitor cash flow positions and funding requirements to ensure sufficient funds are available for operating expenses, payroll, project commitments, and statutory payments.
• Review payment schedules and manage payment timing to support effective cash flow planning.
• Monitor financial controls and ensure adherence to established approval limits, policies, and procedures.
• Identify potential financial risks and recommend appropriate control measures.

5. Team Supervision and Cross-Functional Coordination

• Supervise, guide, and review the work of subordinates to ensure accuracy, productivity, and compliance with established procedures.
• Provide guidance on accounting matters and resolve operational issues within the finance function.
• Coordinate with internal stakeholders, including project, sales, procurement, and other corporate functions, to obtain financial information and resolve discrepancies.
• Support process improvements to enhance reporting efficiency, internal controls, and overall finance operations.

Job Requirements:

• Degree in Accounting, Finance, or a related discipline; professional accounting qualification or MIA membership is an advantage.
• Minimum 5 years of experience in finance and accounting, preferably within the property development or real estate industry.
• Hands-on experience in monthly and year-end closing, management reporting, revenue and profit recognition, accruals, and development cost accounting.
• Experience managing financial reporting and accounting activities across multiple companies.
• Familiarity with statutory compliance, external audits, taxation, and applicable financial reporting standards.
• Strong analytical, organisational, and problem-solving skills, with attention to detail and the ability to meet reporting deadlines.
• Good communication and interpersonal skills, with the ability to supervise a team and collaborate effectively with stakeholders across different functions.