Accounts / Budgeting Manager

Smart Placement Pvt Ltd

Posted 6 days ago 418 views Report Job

PKR. 175,000 - 250,000/Month

Financial Modeling of Projects

• Develop and maintain detailed financial models Project wise, incorporating cost projections, financing structures, and revenue forecasts. Use scenario and sensitivity analyses to assess profitability, identify potential risks, and align with the organization’s overall financial and strategic objectives.

Monthly Financial Statements & Reporting

• Utilize the ERP system to finalize monthly financial statements (Balance Sheet, Profit & Loss, Cash Flow, Changes in Equity, and accompanying notes).

• Ensure accuracy, transparency, and timely reporting across all real estate projects within the group.

• Present consolidated results to the Board of Directors and highlight key variances or trends impacting profitability.

Regulatory Compliance

• Ensure full financial compliance with laws and regulations, including timely filing of tax returns (Income Tax, Sales Tax, WHT), SECP requirements, and any PRA.

• Work closely with Tax Advisors to implement annual/quarterly tax strategies and maintain proper documentation for FBR audits

Funds Management & Working Capital

• Oversee day-to-day cash requirements and ensure sufficient liquidity for real estate development, land acquisitions, operational expenses, and payments

• Prepare rolling cash flow forecasts to anticipate funding requirements and mitigate any shortfalls proactively.

Land Acquisition & Payment Verification

• Collaborate with legal and projects’ teams to structure payment schedules for land acquisitions and development costs.

• Verify that all land purchase payments adhere to the land purchased agreement, approved budgets, legal documentation, and compliance checkpoints.

Cost Control & Analysis

• Monitor direct and indirect costs for development (labor, materials, services).

• Identify areas of cost inefficiency and propose measures to enhance profitability.

Credit Control & Receivables (Installments)

• Ensure installment receivables from plot or unit sales are collected timely and in accordance with sale agreements.

• Limit overdue installments by implementing effective follow-up procedures and grace-period management.

Risk Management

• Identify financial risks pertinent to real estate (e.g., fluctuations in development and construction material costs, delays in development, currency risks) and propose suggestion to mitigate.

Internal & External Audits

• Coordinate with internal auditors, ensuring timely availability of documents and minimal disruption during audits.

• Prepare for external audits (statutory or special audits), ensuring completeness of all financial records.

Capital Structuring & Investor Relations

• Recommend optimal capital structures for financing different real estate projects (equity vs. debt vs. JV).

• Liaise with potential investors, banks, and financial institutions for capital needs and manage ongoing relationships.

Team Leadership & Development

• Supervise, mentor, and train the finance team, focusing on building capabilities for project-based financing, cash flow analysis, and compliance.

• Foster a performance-oriented culture, aligning team objectives with organizational goals.

Compliance with Corporate Policies

Adhere to and reinforce corporate governance policies, ethical guidelines, and professional standards across all real estate finance operations.

Weekly and Monthly Presentations

• Present progress on weekly and monthly basis as per your JOB description as KPIs.

• Provide monthly insights, project’s Financial Modeling, rolling cashflows, recovery and payments, and variance analyses to the Board or Strategic Committee.

System Defiiency & Continuous Improvement

• Monitor the ERP and other financial systems for issues or bottlenecks specific to real estate modules (e.g., construction costing).

• Promptly report and follow up on system improvements or modifications needed for better project accounting.