Key Responsibilities
This position will report to the Managing Partner and will be responsible for spearheading and overseeing the Company’s financial operations and playing a critical role in managing the financial operations of our asset portfolio, overseeing financial performance and reporting, budgeting, forecasting, and ensuring compliance with financial regulations and with reporting requirements. His or her responsibilities include, but are not limited to, the following:
Financial Performance & Reporting:
- Oversee the financial operations of the real estate investments, including accounting, financial reporting, and cash flow management.
- Prepare on monthly, quarterly basis the management accounts (including trial balance, general ledger, profit and loss statement, financial position and cashflow statements, bank statement and reconciliations), financial statements, investor reports, and financial performance metrics.
- Prepare profit and loss reporting packages, financial accounts of Joint Venture companies and Property holding companies
- Monitor financial ratios in relation to meeting financial covenants and submission of accounts under loan facility agreement
- Monitor and analyze comparative statement of financial position including variance explanation against the prior quarter, and comparative statement of profit or loss including variance explanation against budget and against the prior quarter, provide relevant supporting schedule of statement of financial position and profit or loss items
- Manage the day-to-day financial operations of the fund/ joint ventures, including capital calls, cash projections, distributions, and fund accounting.
- Oversee capital contributions, distributions, and other financial transactions related to joint ventures.
Risk Management & Compliance:
- Oversee the preparation of quarterly and annual internal fund audits and working closely with external auditors.
- Identify and mitigate financial risks associated with fund management and real estate investments.
- Coordinate with legal and compliance teams to ensure all fund operations adhere to regulatory requirements.
- Create comprehensive Standard Operating Procedures (SOPs) for internal controls and finance-related processes to ensure consistency, accuracy, and compliance across all financial operations.
- Design and implement an internal control framework that addresses key financial processes, including risk assessment, control activities, monitoring, and reporting for managing financial aspects the Company and with its joint ventures
- Develop policies that ensure compliance with regulatory requirements and mitigate financial risks, including guidelines for financial reporting and fraud prevention.
- Document all finance-related procedures and processes, including authorization processes, approval hierarchies, and transaction workflows, to provide clear guidance for the finance team and other relevant departments.
Transaction Management Support:
- Lead the financing process for new acquisitions, refinancing, interest rates hedging of asset portfolio (including negotiations with lenders, managing legal counsel and execution of documentation)
- Analyze different financing structures and their impact on asset returns and risk profiles.
- Assist to provide additional layer of review on financial and tax due diligence reports by external service providers
- Responsible for post transaction support such as entity setup, opening of bank accounts, liaising with corporate secretarial services to share allotment, appointment of directors, preparation of board resolutions
- Assess and determine the capital requirements for both new and existing joint ventures, ensuring adequate funding and effective cash flow management
- Partner with tax advisors to identify and assess relevant tax incentive schemes that align with the company’s business activities and strategic goals
- Oversee the submission of applications for tax incentive schemes, working closely with tax advisors to address any queries or additional requirements from tax authorities.
- Continuously monitor the company’s compliance with the conditions of granted tax incentives, and coordinate with tax advisors to ensure ongoing qualification and reporting.
Job Requirement
You possess a Bachelor’s degree in Finance, Accounting, Economics, Real Estate or a related field, preferably a CPA or CFA with at least 8 to 10 years of experience with real estate fund management operations role, with background from Big 4 audit firms. You have a proven experience in financial reporting, budgeting, forecasting, and fund operations and demonstrates the ability to thrive in a fast-paced startup environment.
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 Licence: 24S2282
EA Personnel: R21102223
