This Financial Controller job description outlines the key responsibilities and expectations for a financial controller in the real estate industry.
Financial Management:
· Oversee and manage the financial operations of the real estate company.
· Prepare, analyse and present financial statements and reports.
· Ensure compliance with accounting standards and regulatory requirements.
Budgeting and Forecasting:
· Develop annual budgets and financial forecasts.
· Monitor budget performance and variances and provide explanations for discrepancies.
· Work with other departments to prepare and review project-specific budgets
Cash Flow Management:
· Manage company cash flow, including monitoring receivables and payables.
· Optimize the company’s liquidity position.
· Implement cash management strategies to ensure sufficient funds are available for operations and investments.
· Work with lenders on loan documentation, Covenant Analysis
Financial Planning and Analysis:
· Conduct financial analysis and modelling for potential real estate investments and projects.
· Evaluate the financial viability and performance of properties and portfolios.
· Provide strategic recommendations based on financial analysis.
Internal Controls and Compliance:
· Establish and maintain internal controls to safeguard company assets.
· Ensure compliance with financial policies and procedures.
· Coordinate and oversee internal and external audits.
Reporting:
· Prepare detailed financial reports for senior management and stakeholders.
· Provide regular updates on financial performance, including key metrics and KPIs.
· Ensure accurate and timely financial reporting.
Team Leadership:
· Lead and manage the accounting, finance and operations team.
· Provide training, mentorship and professional development for team members.
· Oversee the recruitment and performance of finance staff.
Strategic Planning:
· Advise on financial implications of strategic decisions.
· Assist in the development of long-term financial strategies and goals.
Tax Planning and Compliance:
· Manage and oversee tax planning and compliance activities.
· Ensure timely filing of tax returns and compliance with tax regulations.
· Optimize tax strategies to minimize liabilities and enhance profitability.
Risk Management:
· Identify and mitigate financial risks associated with real estate investments and operations.
· Implement risk management policies and procedures.
· Monitor and report on potential financial risks to the company.
