The job holder will manage the overall Land Bank and Master plans, ensuring accurate accounting of transactions in compliance with the accounting policies, accurate reporting of financial information and support in informed decision-making within the organization.
Landbank Management
• Manage the accuracy of land bank records in the books of accounts in line with the data maintained by land bank management team.
• Ensure the landbank maintained in the books reconciles to the Title Deeds and Affection Plans, various directives, and communication etc.
• Ensure all land bank transactions (movements) are timely recorded in accordance with the appropriate policies, procedures, and DOA.
• Ensure that the finance records are fully reconciled with the land bank records (e.g. Title Deeds and Affection Plans, Various directives, and communication etc.) and maintained by land bank management team to ensure compliance with the Group and Company policies in accounting for Land Bank and Government Grant.
Government Grant management
• Manage accuracy of Government Grant Schedule and ensure that all movements are reconciled with the books of accounts to ensure compliance with the company records.
Master Plan management
• Manage the overall master plan, including maintenance of land and infrastructure costing and allocation of such costs to the various components of the master plan in accordance with the Group’s Policies.
Commercial Finance
• Assist in review of commercial transactions prior to submission to the management or EMC; including but not limited to land sales, Land – value added services Sales, contractor appointments, customer settlements etc.
• Assist in review of periodic and ad hoc information to provide management or EMC with timely and relevant information for making informed decisions.
Financial reporting and control
• Perform impairment assessment of DHRE asset portfolio (Investment Properties and Property held for development and sale) for each statutory reporting period.
• Assess DHLE asset portfolio for any potential write offs.
• Review balance sheet schedules for the purpose of statutory reporting.
• Review monthly financial accounts, balance sheet schedules, management reports and financial analysis within stipulated deadlines.
• Troubleshoot escalated issues, make decisions, escalate issues as appropriate (if applicable) and communicate resolutions to ensure closure of variances effectively.
• Develop/enhance internal controls, policies, processes, and procedures to ensure that they are properly scoped and enforced and are effective and efficient meeting business requirements.
Group restructuring, including asset transfers
• Lead all asset transfers related to movements and ensure that sufficient agreements/approvals are in place in accordance with the Applicable DOA/Directive and Policies, prior to accounting for the same, while maintaining records of assets valuations, impairment, asset transfers etc. and ensure all information are shared with the relevant teams while maintain repository of all information.
Others
• Ensure effective implementation of the department’s objectives to ensure integrity of financial accounting for the organization.
• Ensure integrity of all accounting transactions falling in the above areas to assure all processes are in line with corporate policies and procedures.
• Develop policies, processes, procedures, and practices related to the above areas to ensure adequate financial controls across transactions relating to these functions.
• Conduct assessment of internal control measures for the function and recommend changes or enhancements to the existing ones to meet the changing business requirements as well as the complexity of financial transactions being entered.
• Evaluate the general accounting activities using standard process methodologies and recommend enhancements/ changes as appropriate.
• Facilitate all audits process for assigned area and ensure timely completion of the same.
• Implement audit recommendation in the department and ensure team complies with same.
• Keep abreast of new technology and practices related to finance and provide input for the development and enhancements of Systems in coordination with other concerned departments to meet departmental business requirements and to be in line with international standards.