Project Finance Manager

Role Summary

The Project Finance Manager will be responsible for managing all financial aspects of residential estate development projects, including budgeting, cost monitoring, financial reporting, and cash flow management. The role ensures that project funding is properly managed, costs are controlled, and financial risks are minimized, while supporting the estate’s long-term financial goals.

Key Responsibilities

(A) Project Financial Management

• Develop and manage project budgets and financial forecasts.
• Monitor project expenditures to ensure alignment with approved budgets.
• Track variations, delays, and cost overruns and advise management on corrective actions.
• Ensure proper allocation and utilization of project funds.

(B) Budgeting & Cost Control

• Prepare detailed cost plans and financial models for estate projects.
• Establish cost control processes to detect and prevent overspending.
• Review contractor invoices, interim valuations, and project payment schedules.
• Implement cost-saving strategies and value-engineering initiatives.

(C) Financial Reporting & Analysis

• Prepare monthly project financial reports, including: Cost vs budget analysis, Cash flow statement, and Forecast completion cost
• Provide financial insights and recommendations to management.
• Ensure all project financial records are accurate and up to date.

(D) Cash Flow & Funding Management

• Forecast project cash flow requirements and ensure timely funding availability.
• Monitor receipt and use of project funds.
• Manage payment milestones with contractors and consultants.
• Liaise with banks, investors, or finance partners when required.

(E) Risk Management & Compliance

• Identify financial risks and propose mitigation plans.
• Ensure compliance with internal financial controls and policies.
• Support audit exercises by providing documentation and financial evidence.
• Ensure compliance with local regulations and applicable accounting standards.

(F) Systems & Documentation

• Maintain accurate documentation relating to project funding, payments, and contracts.
• Use project accounting systems or ERPs to track project transactions.

Qualifications

• Bachelor’s Degree in Finance, Accounting, Economics, or a related field.
• Professional certification such as ACA, ACCA, CFA, CIMA, or related qualification
• Minimum of 5 years’ experience in project finance, preferably in real estate or construction.
• Experience managing budgets and financial reporting for estate developments.

Skills & Competencies

Technical Skills

• Project budgeting and cost control
• Financial analysis and forecasting
• Cash flow management
• Financial reporting
• Contract finance management
• Advanced Excel and financial modeling
• Knowledge of project accounting standards

Behavioral Competencies

• Strong analytical thinking
• Excellent communication and presentation skills
• Problem-solving ability

Additional Information

• Good professional appearance and attitude.
• Diplomatic, tactful, discreet, flexible, resourceful and dependable
• Excellent leadership and project management skills
• Ability to work independently and as part of a team
• Outstanding organizational skills
• Strong attention to detail and a commitment to maintaining high safety standards.