Real Estate Finance Manager

Role Purpose: The Real Estate Finance Manager is responsible for leading and managing the finance function of the Real Estate segment, ensuring the integrity, accuracy and timeliness of financial information while providing effective financial planning, analysis and commercial support to the business. The role is accountable for overseeing the segment's financial operations, financial reporting, budgeting, forecasting, revenue recognition, cash flow monitoring and financial controls. It acts as a key business partner to the Real Estate leadership team, providing financial insights, challenging business assumptions and supporting informed commercial and operational decisions. The position also leads and develops the segment's finance team, ensuring effective resource management, clear accountability, continuous improvement and adherence to Group financial policies and procedures. Key Responsibilities: 1. Financial Management & Reporting • Lead and oversee the day-to-day financial management and accounting operations of the Real Estate segment. • Ensure accurate and timely preparation of monthly, quarterly and annual financial statements, management reports and relevant KPIs. • Oversee accounts receivable, ensuring accurate recording and reconciliation of sales transactions, customer accounts and bank remittances. • Ensure appropriate revenue and cost recognition in accordance with applicable IFRS requirements, particularly IFRS 15. • Review and monitor the segment's financial performance, identifying variances, risks and opportunities and recommending corrective actions. • Ensure accurate allocation of departmental and project-related costs, including intercompany transactions and eliminations. • Maintain the integrity of financial records and ensure timely closure of monthly and annual accounts. 2. Budgeting, Forecasting & Financial Analysis: • Lead the preparation, consolidation and review of the annual budget and periodic forecasts for the Real Estate segment. • Monitor actual financial performance against approved budgets, forecasts and business plans. • Provide financial analysis and insights covering revenue, sales performance, pricing, margins, costs and profitability. • Challenge assumptions and highlight financial implications of business decisions, commercial proposals and operational initiatives. • Develop and maintain appropriate financial models and analytical tools to support business planning and decision-making. • Work closely with the Real Estate leadership team to identify opportunities for improving financial performance and operational efficiency. 3. Cash Flow & Working Capital Management: • Oversee the segment's cash flow planning and monitoring, ensuring alignment between expected collections, business commitments and financial plans. • Coordinate with Sales and Collections teams to monitor collection performance, outstanding receivables and collection forecasts. • Monitor customer deposits, reserves, refunds and other customer-related financial balances, ensuring appropriate documentation, controls and approvals. • Identify potential cash flow constraints, collection risks and working capital inefficiencies, recommending appropriate mitigation measures. • Ensure effective monitoring and reconciliation of customer accounts and intercompany balances. 4. Financial Controls, Audit & Compliance: • Establish and maintain effective financial controls and procedures across the Real Estate segment. • Ensure regular reconciliation and review of balance sheet accounts, including accounts receivable, customer deposits, discounts, intercompany balances and other relevant accounts. • Ensure compliance with Group financial policies, delegated authorities, applicable accounting standards and statutory requirements. • Coordinate with Group Finance, Internal Audit and external auditors on financial matters and audit requirements. • Monitor the timely resolution of audit findings and implementation of agreed corrective actions. • Identify control weaknesses and recommend improvements to strengthen the financial governance of the segment. 5. Team Leadership & Development: • Lead, manage and develop the Real Estate Finance team, ensuring clear responsibilities, appropriate delegation and accountability. • Establish individual objectives and performance expectations, monitor delivery and provide regular feedback and coaching. • Ensure appropriate allocation of resources and effective coordination across the finance team. • Build the team's technical and professional capabilities through knowledge sharing, training and continuous development. • Promote a culture of ownership, collaboration, accuracy and continuous improvement. 6. Business Partnering & Stakeholder Management: • Act as the primary finance business partner to the Real Estate segment's management team. • Work closely with Sales, Development, Projects, Collections and Group Finance to ensure alignment between commercial activities and financial objectives. • Provide financial advice and challenge business proposals, commercial arrangements and operational decisions where appropriate. • Translate financial information into meaningful business insights and recommendations for management. • Support the evaluation of new projects, commercial opportunities and strategic initiatives from a financial perspective. Qualifications & Experience: Education • Bachelor's degree in Accounting, Finance or a related discipline. • Professional qualification such as ACCA, CPA, CMA or equivalent is an advantage. Experience: • 8–12 years of relevant experience in finance and accounting, preferably within real estate, property development, hospitality or other project-based businesses. • Demonstrated experience in financial reporting, budgeting, forecasting, financial analysis and working capital management. • Previous experience managing or supervising a finance team, with demonstrated people leadership capabilities. • Experience working in a multi-departmental business environment and interacting with senior management. Technical Skills: • Strong knowledge of IFRS and financial accounting principles, particularly revenue recognition under IFRS 15. • Good understanding of ERP systems and financial reporting applications. Experience with Oracle, SAP, Sun Systems or equivalent platforms is an advantage. • Strong proficiency in Microsoft Excel and other Microsoft Office applications. • Ability to develop financial models, analyse financial data and translate findings into actionable business insights. • Good understanding of internal controls, financial governance and audit requirements. Core Competencies: • Strong leadership and people management capabilities. • Commercial awareness and business partnering mindset. • Excellent analytical, problem-solving and decision-making skills. • Strong communication and stakeholder management abilities. • High degree of ownership, accountability and attention to detail. • Ability to manage competing priorities and deliver within tight deadlines. • Proactive approach to iden

8–12 years of relevant experience in finance and accounting, preferably within real estate, property development, hospitality or other project-based businesses. Demonstrated experience in financial reporting, budgeting, forecasting, financial analysis and working capital management. Previous experience managing or supervising a finance team, with demonstrated people leadership capabilities. Experience working in a multi-departmental business environment and interacting with senior management.

1. Financial Management & Reporting: Lead and oversee day-to-day financial management and accounting operations of the Real Estate segment; Ensure accurate and timely preparation of monthly, quarterly and annual financial statements, management reports and KPIs; Oversee accounts receivable, ensuring accurate recording and reconciliation of sales transactions, customer accounts and bank remittances; Ensure appropriate revenue and cost recognition in accordance with IFRS requirements, particularly IFRS 15; Review and monitor the segment's financial performance, identifying variances, risks and opportunities and recommending corrective actions; Ensure accurate allocation of departmental and project-related costs, including intercompany transactions and eliminations; Maintain the integrity of financial records and ensure timely closure of monthly and annual accounts. 2. Budgeting, Forecasting & Financial Analysis: Lead the preparation, consolidation and review of the annual budget and periodic forecasts for the Real Estate segment; Monitor actual financial performance against approved budgets, forecasts and business plans; Provide financial analysis and insights covering revenue, sales performance, pricing, margins, costs and profitability; Challenge assumptions and highlight financial implications of business decisions, commercial proposals and operational initiatives; Develop and maintain appropriate financial models and analytical tools to support business planning and decision-making; Work closely with the Real Estate leadership team to identify opportunities for improving financial performance and operational efficiency. 3. Cash Flow & Working Capital Management: Oversee cash flow planning and monitoring; Coordinate with Sales and Collections teams to monitor collection performance, outstanding receivables and collection forecasts; Monitor customer deposits, reserves, refunds and other customer-related financial balances, ensuring appropriate documentation, controls and approvals; Identify potential cash flow constraints, collection risks and working capital inefficiencies, recommending mitigation measures; Ensure effective monitoring and reconciliation of customer accounts and intercompany balances. 4. Financial Controls, Audit & Compliance: Establish and maintain effective financial controls and procedures; Ensure regular reconciliation and review of balance sheet accounts; Ensure compliance with Group financial policies, delegated authorities, accounting standards and statutory requirements; Coordinate with Group Finance, Internal Audit and external auditors; Monitor timely resolution of audit findings and corrective actions; Identify control weaknesses and recommend improvements. 5. Team Leadership & Development: Lead, manage and develop the Real Estate Finance team; Establish objectives and performance expectations; Ensure appropriate allocation of resources; Build technical and professional capabilities; Promote ownership, collaboration, accuracy and continuous improvement. 6. Business Partnering & Stakeholder Management: Act as primary finance business partner to Real Estate management; Work with Sales, Development, Projects, Collections and Group Finance to align commercial activities and financial objectives; Provide financial advice and challenge proposals; Translate financial information into actionable insights; Support evaluation of new projects and strategic initiatives from a financial perspective.