Financial Manager for a Real Estate Development in KSA
DIKTU.com
Date: 3 weeks ago
City: Remote
Contract type: Full time
Remote
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- Client > Italian Design Group
- The Role > The Candidate will be required about expertise in managing all the financial aspect on a Large Development in Real Estate, being able to support in the short term investors team
- Keywords for the role > Real Estate Development, Financial, Economics, Regulatory and Tax Compliance, Cost Control and Profitability Analysis, Cash Flow and Liquidity Management
- Activities > The Finance Manager in Real estate development plays a central role in managing the financial side of the project, ensuring that it stays within budget, maximizes profitability, mitigates risks, and complies with financial regulations. His/her expertise is vital in navigating the complexities of real estate development and securing the long-term financial success of the initiative. As an example, the Candidate will be asked to manage as follows: 1) responsible for creating and managing the project's budget, working closely with other departments to ensure that financial resources are allocated properly, identifying any potential cost overruns or funding gaps 2) identifies and secures funding sources for the project, such as loans, equity investment, or other financial instruments 3) responsible for tracking incoming and outgoing cash flows, ensuring there are sufficient funds at every stage of the development 4) ensure that there is enough liquidity to meet day-to-day operational needs and financial obligations, such as contractor payments, materials procurement, and taxes 5) identifies potential financial risks, such as fluctuating interest rates, cost overruns, or delays in the project timeline 6) track the cost of land acquisition, construction, materials, labor, and other expenditures. By continuously monitoring expenses, they ensure the project stays on budget 7) prepare financial reports and updates for key stakeholders, including project investors, senior management, and sometimes public entities or regulatory bodies. These reports provide insight into the financial status, progress, and any potential issues 8) may be involved in defining the exit strategy of the development, whether through selling the completed properties, refinancing, or transitioning to a long-term income-producing asset (e.g., rental properties)
- Requisites > 8+ years experience in Real Estate Financial PMO, ability to lead team of ~ 5-10 people, availability for full time 5-6 months contracting and significant (close to full time) presence in ME in Saudi Arabia. Immediate start after client ok on the profile, experience in the field, demonstrable with a track record; Arabic Speaker preferred, English also working well
- Workload/Location> Full-time, Saudi Arabia, on ground presence is needed
- Start-date > as soon as the finalization with the Client is completed, hopefully 3-weeks
- Period of engagement > 5-6 months
- Compensation > 30-40K SAR max/monthly
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