Finance Controller/Chief Finance Officer

Finance Controller/Chief Finance Officer

A Financial Controller (FC) or Chief Financial Officer (CFO) in a developer and construction company is responsible for overseeing the financial health of the company, ensuring proper financial planning, risk management, and compliance with local regulations. The role involves strategic decision-making to optimize costs, improve cash flow, and ensure sustainable financial growth.

Key Responsibilities:

1. Develop and implement financial strategies to support business growth and project development.
2. Provide financial forecasts, budgets, and cash flow projections for ongoing and upcoming projects.
3. Conduct feasibility studies and financial modeling for land acquisition, property development, and construction projects.
4. Align financial planning with the company’s long-term business objectives.
5. Oversee project financing and funding arrangements, including loans, investor relations, and joint ventures.
6. Manage budgeting, cost control, and expenditure tracking for construction projects.
7. Implement strong internal controls to prevent financial mismanagement, fraud, and leakage.
8. Ensure efficient tax planning and compliance with Malaysian tax laws, including RPGT, SST, and corporate taxes.

Cash Flow & Treasury Management

1. Monitor cash flow and liquidity to ensure sufficient working capital for operations.
2. Optimize banking relationships and negotiate financing options for projects.
3. Oversee progress payments, retention sums, and claims from clients and contractors.

Compliance & Risk Management

1. Ensure compliance with Bursa Malaysia listing requirements (if applicable), Securities Commission (SC) guidelines, and other financial regulations.
2. Ensure financial governance aligns with Malaysian financial reporting standards (MFRS/IFRS).
3. Conduct risk assessments for project financing, contracts, and investment decisions.
4. Ensure compliance with LHDN, CIDB, EPF, SOCSO, EIS, and HRDF regulations.
5. Prepare and present financial reports, profit & loss statements, and balance sheets to management and stakeholders.
6. Ensure compliance with Bursa Malaysia’s reporting and disclosure requirements.
7. Liaise with external auditors, tax consultants, and regulatory authorities.
8. Provide quarterly and annual financial reports as required by Bursa Malaysia and Securities Commission Malaysia.

Cost Control & Procurement Oversight

1. Work closely with the procurement and project teams to control material and contractor costs.
2. Monitor tender pricing, contract terms, and variations to ensure cost efficiency.
3. Evaluate subcontractors and suppliers from a financial standpoint.

Business Development & Investment Analysis

1. Assess potential land acquisitions, mergers, and partnerships from a financial perspective.
2. Provide financial insights for property sales, pricing strategies, and market trends.
3. Support decision-making for new investments and diversification opportunities.

Team Leadership & Stakeholder Management

1. Lead and mentor the finance, accounts, and admin teams.
2. Work closely with the CEO, board of directors, project managers, and bankers.
3. Engage with investors, Bursa Malaysia regulators, Securities Commission, and government agencies on financial matters.

Key Skills & Requirements:

1. Familiarity with Bursa Malaysia listing requirements and corporate governance guidelines.
2. Strong understanding of property development and construction financial models.
3. Knowledge of construction project financing, loans, and banking facilities.
4. Expertise in Malaysian tax laws, CIDB, and statutory financial requirements.
5. Experience in managing project costs, tenders, and contract finances.
6. Strong leadership and ability to work with cross-functional teams.
7. Excellent negotiation and stakeholder management skills.
8. Good communication skills both verbal and written in English, Bahasa Malaysia & Mandarin.