Chief Financial Officer

2 days ago


Muntinlupa, Philippines Sonak Corporation Full time

JOB SUMMARY:The Chief Financial Officer is responsible for managing and reporting on all fiscal and fiduciary affairs of the organization, including reporting to investors, lenders, grantors, and government agencies; cash and investment management; budgeting and forecasting; and managing the day-to-day operations of the accounting department. The CFO collaborates with the Chief Executive Officer (CEO) as well as other senior staff to develop and implement the organization’s business plan to meet its strategic goal. The CFO recommends the financial strategy for reaching the organization’s goals, monitors and analyses financial results.ResponsibilitiesTogether with the CEO, develop strategies to ensure the organization has the financial resources to achieve current and future goals while mitigating financial and operational risk.Develop and maintain effective working relationships with key financial partners including investors, partners, lenders, and vendors.Oversee organizational budgeting, accounting, and cash management.Prepare the annual corporate consolidated financial statements.Manage and monitor the organization’s cash flow and real estate development capital needs.Financial Management and Reporting:Oversees organizational budgeting, accounting, and cash management to ensure accurate reporting, interpretation, and analysis of financial results in conjunction with forecasts and long-range plans.Manages and supports the preparation of the annual consolidated corporate audit and tax returnsPrepares the annual corporate consolidated financial statementsOversee and reviews property audits and tax return prepared by the Company’s professional services firms.Establishes and maintains controls to safeguard assets; documents and recommends improvements to internal financial policies and procedures. • Develops and complete timely financial statements and report on transactions and/or information requests.Manages and monitors the organization’s cash flow and real estate development capital needs.Supervises the accounting team on day-to-day operations that includes, but is not limited to, month/year end close, accounts receivable & payable, financial reports, payroll, invoicing, cash receipts and disbursements.Maintains and negotiates corporate liability and insurance policiesReal Estate Development and Asset Management:Works collaboratively with CEO to review potential acquisitions, debt, equity and public partnership proposals and partnership/operating agreements.Reviews key legal agreements, including mortgages, loan documents, subordination agreement and guarantees as part of a financial and construction loan closing and contracts, and/or private debt.Works closely with the accounting team to prepare and issues fundings construction requisitions for all real estate development projects in construction.In conjunction with the real estate development staff and auditors, ensure that equity draws, project cost reports and other specialized reporting to investors and government agencies are complete accurately and timely.QualificationsCandidate must possess at least a Bachelor’s Degree in Accountancy, Business or Finance. Advanced degrees and/or certifications, such as CFA, CPA CFA, or CPA are an advantage.At least 10 years of demonstrated relevant finance and accounting experience, with at least three years experience as a CFO or Director of Finance, with both technical and management proficiency in the operations of a real estate development organization.Knowledge and experience of real estate accounting and finance in residential and/or hotel projects.Broad knowledge of data analysis, risk management, and forecasting methods.Ability to prepare and communicate clear, concise, accurate, well-organized financial reports.



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