Finance Director (Real Estate & Construction) - Geylang

Our client, an established conglomerate is now seeking for a strategic Finance Director to lead their growing construction business in Southeast Asia.

Strategic Financial Leadership:

• Develop and implement financial strategies aligned with company goals.
• Serve as a key advisor to the Managing Director and executive team on financial planning, risk management, and cash flow management.
• Participate in strategic decision-making, including business expansion and capital investments.

Budgeting & Forecasting:

• Lead the preparation of annual budgets, and forecasts supported by good understanding of the economics of Singapore, Vietnam and Malaysia, including the growth in the region’s GDP and construction industry, foreign investments and interest rate environment.

Financial Reporting:

• Prepare management reports highlighting business performance, including risk and opportunities, financial performance comparing actual performance against prior year and budget and evaluating the cash flow position.
• Ensure timely preparation and closure of monthly accounts and submission to HQ for consolidation.
• Prepare and finalise audited accounts according to accounting standards for statutory reporting and ensure filing of accounts are timely.

• Collaborate with project managers to monitor and control project budgets, cost-to-complete, and profitability.
• Evaluate and highlight project risks and financial exposure; implement controls to monitor and mitigate them.
• Review and approve tenders, subcontractor payments, and capital expenditures.
• Evaluate financial strength of clients for their payment ability and promptness.
• Assess subcontractors’ financial strength in provision of performance bond, advance requirements and ability to undertake additional orders.

• Manage cash flow and working capital to ensure the company meets its operational and project-based financial needs.
• Negotiate with Banks for financing facilities to support Invoice financing, BG and LC and deferred payment.
• Optimise interest by ensuring cash are placed in fixed deposits in optimal tenor and in consideration of utilisation.
• Ensure excess cash are used to reduce bank loans, shareholders loans or repatriated as dividends to parent company.
• Negotiate favourable credit terms with clients and subcontractor, suppliers and vendors.

• Oversee all financial operations including managing the processes for Purchase Order, Billings, Collections, Payments, and payroll, by ensuring the operations are efficient, timely and internal controls are not compromised
• Work with vendor of financial system to improve efficiency and productivity by automating work processes.

• Ensure timely submission of forecasts of taxable income for tax payments.
• Ensure timely filing of GST / VAT and provide all necessary supporting to tax authorities.
• Work with tax agents to comply with tax filing deadline and all applicable tax laws and ensure tax liabilities are minimized by taking advantage of available deductions, credits, and exemptions while staying within the legal framework.
• Develop efficient tax structure according to transfer pricing requirement for provision of cross border construction and project management services.

• Ensure compliance with relevant construction accounting standards, tax laws, and regulatory requirements.
• Ensure all company policies and control processes are adhered to and recommend improvements on internal controls.
• Follow up with internal control process recommended by Internal and External auditors.

• Build and lead a high-performing finance team.
• Foster a culture of continuous improvement and financial accountability throughout the organization.

• Bachelor’s degree in accounting , with CPA / CA / ACCA qualified
• Minimum 10 - 12 years of management experience, preferably from a project-based industries / construction.
• Good understanding of project accounting, experience in managing project risks and implementing cost control measures.
• Experience with ERP / customised construction project management software
• Excellent leadership, analytical, and communication skills.
• Ability to thrive in a fast-paced, deadline-driven environment.
• Strategic thinker with a hands-on approach to solving problems.

All applications will be treated in the strictest confidence. Personal data provided will be used for recruitment purposes only.

Please apply with your CV in word document format. We regret to inform that only shortlisted candidates will be notified. For other positions related to real estate, please go to https://careers.tri-cap.com.sg/.

EA Personnel: R1107990