Job Description
Role Summary:
The Financial Controller will oversee the financial operations of all existing and new malls, managing a team across four key functions: Operational Finance, Internal Audit & Controls, MIS/FP&A, and Receivables/Billing & Collections. The role requires strong leadership, financial acumen, and the ability to implement robust financial systems and processes while ensuring compliance and driving financial performance across the portfolio.
Key Responsibilities:
1. Operational Finance:
Leadership: Oversee finance controllers for all existing malls and new mall projects.
Financial Management:
Manage day-to-day finance operations, including accounting, financial reporting, and cash flow management.
Ensure accurate and timely monthly, quarterly, and year-end financial reporting.
Budgeting & Forecasting:
Lead the budgeting process for all malls, aligning with corporate objectives.
Conduct monthly financial reviews of each mall, analyzing variances and recommending corrective actions.
Strategic Initiatives:
Support new mall projects from a financial perspective, including feasibility studies and financial modelling.
2. Internal Audit & Controls:
Audit Management:
Spearhead internal audits, ensuring compliance with corporate policies and regulatory requirements.
Coordinate with external auditors during annual audits.
Systems & Processes:
Develop and implement Standard Operating Procedures (SOPs) across all financial operations.
Establish and maintain internal controls to safeguard company assets and ensure financial accuracy.
Continuously review and enhance financial processes to improve efficiency and mitigate risks.
3. MIS / FP&A:
Financial Planning & Analysis:
Develop and maintain comprehensive financial models and management reports.
Provide detailed financial analysis, including performance metrics, profitability analysis, and cash flow projections.
Reporting:
Deliver accurate and insightful MIS reports to the senior management and board.
Implement KPIs and dashboards for performance tracking across all malls.
4. Receivables, Billing & Collections:
Team Management:
Supervise the billing and collection teams, ensuring adherence to billing cycles and collection protocols.
Receivables Management:
Maintain outstanding receivables at minimal levels through proactive monitoring and follow-up.
Approve waivers, refunds, and adjustments during tenant renewals, churn, and exits, ensuring proper documentation and justification.
Policy Enforcement:
Implement interest charges on delayed payments unless exceptional approvals are granted.
Monitor and report on aging of receivables and take corrective action as needed.
Key Performance Indicators (KPIs):
Accuracy and timeliness of financial reports and budgets.
Effectiveness of internal controls and audit outcomes.
Achievement of collection targets and minimization of outstanding receivables.
Successful implementation of financial systems and processes.
Team performance and development.
Desired Qualifications & Experience:
Education: Chartered Accountant (CA) or equivalent.
Experience: 8+ years of experience in financial management, with at least 5 years in a leadership role within retail, mall management, or real estate sectors.
Skills:
Strong knowledge of financial management, accounting standards, and regulatory requirements.
Expertise in financial planning, budgeting, and variance analysis.
Proficiency in ERP systems and financial software.
Excellent analytical, problem-solving, and decision-making skills.
Ability to manage multiple priorities in a fast-paced environment.
Competencies:
Leadership and team management.
High attention to detail and accuracy.
Strong communication and stakeholder management skills.
Proactive and strategic thinker with a hands-on approach.
Integrity and commitment to ethical financial practices.
The Financial Controller will oversee the financial operations of all existing and new malls, managing a team across four key functions: Operational Finance, Internal Audit & Controls, MIS/FP&A, and Receivables/Billing & Collections. The role requires strong leadership, financial acumen, and the ability to implement robust financial systems and processes while ensuring compliance and driving financial performance across the portfolio.
Key Responsibilities:
1. Operational Finance:
Leadership: Oversee finance controllers for all existing malls and new mall projects.
Financial Management:
Manage day-to-day finance operations, including accounting, financial reporting, and cash flow management.
Ensure accurate and timely monthly, quarterly, and year-end financial reporting.
Budgeting & Forecasting:
Lead the budgeting process for all malls, aligning with corporate objectives.
Conduct monthly financial reviews of each mall, analyzing variances and recommending corrective actions.
Strategic Initiatives:
Support new mall projects from a financial perspective, including feasibility studies and financial modelling.
2. Internal Audit & Controls:
Audit Management:
Spearhead internal audits, ensuring compliance with corporate policies and regulatory requirements.
Coordinate with external auditors during annual audits.
Systems & Processes:
Develop and implement Standard Operating Procedures (SOPs) across all financial operations.
Establish and maintain internal controls to safeguard company assets and ensure financial accuracy.
Continuously review and enhance financial processes to improve efficiency and mitigate risks.
3. MIS / FP&A:
Financial Planning & Analysis:
Develop and maintain comprehensive financial models and management reports.
Provide detailed financial analysis, including performance metrics, profitability analysis, and cash flow projections.
Reporting:
Deliver accurate and insightful MIS reports to the senior management and board.
Implement KPIs and dashboards for performance tracking across all malls.
4. Receivables, Billing & Collections:
Team Management:
Supervise the billing and collection teams, ensuring adherence to billing cycles and collection protocols.
Receivables Management:
Maintain outstanding receivables at minimal levels through proactive monitoring and follow-up.
Approve waivers, refunds, and adjustments during tenant renewals, churn, and exits, ensuring proper documentation and justification.
Policy Enforcement:
Implement interest charges on delayed payments unless exceptional approvals are granted.
Monitor and report on aging of receivables and take corrective action as needed.
Key Performance Indicators (KPIs):
Accuracy and timeliness of financial reports and budgets.
Effectiveness of internal controls and audit outcomes.
Achievement of collection targets and minimization of outstanding receivables.
Successful implementation of financial systems and processes.
Team performance and development.
Desired Qualifications & Experience:
Education: Chartered Accountant (CA) or equivalent.
Experience: 8+ years of experience in financial management, with at least 5 years in a leadership role within retail, mall management, or real estate sectors.
Skills:
Strong knowledge of financial management, accounting standards, and regulatory requirements.
Expertise in financial planning, budgeting, and variance analysis.
Proficiency in ERP systems and financial software.
Excellent analytical, problem-solving, and decision-making skills.
Ability to manage multiple priorities in a fast-paced environment.
Competencies:
Leadership and team management.
High attention to detail and accuracy.
Strong communication and stakeholder management skills.
Proactive and strategic thinker with a hands-on approach.
Integrity and commitment to ethical financial practices.
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