My client is looking for a commercially minded part-time Finance Manager to take ownership of the finance function of a property development business. You will produce monthly management accounts and cash flow forecasts, keep control of the ledgers and give the directors clear, timely information to run projects and manage funding.
Detail
Job title - Part-Time Finance Manager
Hours - 20 hours per week, days to be agreed
Reports to - Owner
Contract - Permanent, part-time
Salary - Competitive
About us
Our client is a property developer based in Crieff, delivering residential and commercial projects across Perthshire and beyond. Each development carries significant costs and funding commitments, so accurate numbers and strong cash management are central to how we run the business.
Key responsibilities
Management accounts and reporting
Prepare monthly management accounts within [10] working days of month end, including P&L, balance sheet and commentary
Report profitability by development site, including costs to date and cost-to-complete
Maintain work-in-progress and stock valuations for each development
Present results to the directors and highlight risks, variances and opportunities
Cash flow forecasting and treasury
Maintain a cash flow forecast and a longer-term forecast covering the development pipeline
Monitor daily bank balances and manage payment timing to protect cash
Track development finance drawdowns, facility headroom and loan repayments
Model the cash impact of new sites, sales completions and funding scenarios
Support site appraisals with cost, sales and funding assumptions
Funding and lender reporting
Prepare monitoring reports, drawdown requests and covenant information for lenders and investors
Liaise with banks, development finance providers and monitoring surveyors
Ledger control and oversight
Maintain accurate purchase, sales and nominal ledgers in Xero
Code all transactions correctly, including allocation to individual development sites and cost centres
Reconcile all bank, credit card and loan accounts weekly
Reconcile supplier statements and resolve discrepancies promptly
Post journals, accruals and prepayments
Tax and compliance
Verify new subcontractors with HMRC and maintain CIS records
Calculate CIS deductions, issue payment and deduction statements, and prepare the monthly CIS300 return
Apply the correct VAT treatment, including domestic reverse charge for construction services
Year end and controls
Prepare year-end files and working papers and act as main contact for the external accountants
Design and maintain financial controls, authorisation limits and procedures
Keep group and company records organised, including any SPVs set up for individual developments
Other duties
Support the director with ad-hoc analysis, insurance, contract and finance matters
Identify system and process improvements
Any other reasonable duties as required
Person specification
Flexible part-time hours
Real influence over the finance function of a growing local business
At least 5 years' experience producing management accounts and cash flow forecastsExperience in property development, construction or another project-based sectorStrong working knowledge of VAT and CIS as they apply to property and constructionAdvanced Excel skills and experience with XeroAble to explain financial information clearly to non-finance directorsSelf-motivated, organised and comfortable working in a small teamExperience of development finance, lender monitoring and covenant reportingKnowledge of property VAT (option to tax, partial exemption, Capital Goods Scheme)Experience with group structures and SPVs
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