AVP - Finance

Bachelor of Business Administration(Management)

Nationality: Any Nationality

Vacancy: 1 Vacancy

Job Description

Key Responsibilities

• An individual contributor with ability to handle a team.
• Ensure financial close is conducted effectively and efficiently on a monthly basis.
• Experience in consolidation in multiple books of accounts.
• Monitor timely execution and ensure compliance with IFRS (International Financial Reporting Standards).
• Continuously assess the financial closing process and perform process re-engineering (where possible) to reduce the financial closing period and increase its efficiency.
• Review and analyze Sub Ledger, and General Ledger accounts for reconciliation of recorded accounting transactions on assigned accounts.
• Preparing financial information detailing balance sheet, profit & loss statement and cashflow analysis.
• Supporting budgeting, forecasting, and variance analysis at the group level.
• Ensuring compliance with accounting standards, regulatory requirements, and internal policies.
• Collaborating with finance teams to streamline reporting processes and improve data accuracy.

Revenue Management

• Oversee the end-to-end revenue cycle, ensuring timely and accurate billing for real estate activities, including lease agreements, property sales, and community management fees.
• Develop and enforce revenue policies and procedures, ensuring they are consistently applied across all business units.
• Implement and maintain an effective revenue recognition framework, ensuring compliance with relevant accounting standards (e.g., IFRS 15, lease accounting etc).

Billing and Collections

• Supervise the creation, review, and issuance of invoices, ensuring accuracy and adherence to contractual terms.
• Ensure proper allocation of charges such as rents, service fees, maintenance costs, and other applicable fees in billing systems.
• Ensure accurate utility billing to all customers on a monthly basis.
• Monitor collections to ensure timely payments and minimize outstanding receivables.
• Implement effective credit control measures and strategies to reduce bad debts and improve cash flow.
• Collaborate with the operations and legal teams to resolve disputes related to billing and collections.

Revenue Reporting and Analysis

• Lead the preparation of detailed revenue reports, including breakdowns by property, region, and revenue type.
• Analyze revenue trends and variances to provide actionable insights for senior management and other stakeholders.
• Design and monitor key performance indicators (KPIs) related to revenue, billing, and collections.
• Ensure revenue forecasts are accurate and integrated into broader financial planning processes.

System Management and Process Improvement

• Oversee the maintenance and accuracy of billing and revenue management systems (e.g., SAP, sales force, utilities billing or other real estate-specific platforms).
• Drive automation and efficiency improvements in billing, revenue reconciliation, and reporting processes.
• Partner with IT to implement system upgrades or new solutions that enhance revenue operations.
• Conduct periodic audits of billing and revenue processes to identify gaps and implement corrective actions.

Other Team Responsibilities

• Supervise the finance team on a day-to-day basis ensuring that work is prioritized to meet deadlines.
• Coordinate workload for the team, ensure viable staff cover of the department and provide support and training as appropriate.
• Evaluate and make recommendations on the automated systems and processes within the department, working with the Finance Manager to modernize and improve the function.
• Assist the HOD in Annual Budget process and other strategic finance projects as required.
• Propose changes to accounting and financial policies and procedures to ensure efficacy of service. Liaise with budget-holders to ensure compliance with the policies and procedures within the FPM.
• Continually look to identify areas for improvement and develop processes that will enhance the level of service offered to Finance Department stakeholders.

Key Qualifications & Requirements

• Chartered Accountant.
• 15 years post CA experience for a major company or division of a large corporation in financial monthly closing and reporting process.
• 50% of work profile will be individual contributor role.
• Consolidation of multiple companies / division / units / profit centers.
• Must have worked with a Big 4 for 2 to 3 years.
• Must have worked in real estate development company.