Finance & Accounting Manager – Project Development

The Finance & Accounting Manager – Project Development plays a pivotal role in managing all financial aspects of Mazari Group’s property and hospitality development projects. This role ensures financial integrity, project cost efficiency, and alignment with strategic objectives through accurate budgeting, forecasting, and financial reporting. The position requires a strong grasp of project accounting, construction cost management, and capital expenditure control.

Key Responsibilities:

1. Financial Planning & Feasibility

• Prepare and analyze project feasibility studies, ROI projections, and cash flow modeling for new developments.

• Support management in investment evaluations, funding structures, and project financial strategies.

• Develop project financial models that reflect market assumptions, timelines, and performance metrics.

2. Budgeting & Cost Control

• Establish, monitor, and update project budgets, ensuring all cost elements align with approved business plans.

• Track and analyze construction and development expenditures, identifying cost variances and risk areas.

• Collaborate with Project Managers, QS, and Procurement to ensure accuracy of cost estimates and payment schedules.

3. Accounting & Financial Operations

• Oversee day-to-day accounting for all development projects, including vendor invoices, progress payments, and capitalization.

• Ensure accurate and timely preparation of financial statements for each project and entity under Mazari Group.

• Implement accounting controls and ensure compliance with Indonesian accounting standards and company policies.

4. Cash Flow & Financing

• Manage project cash flow, drawdowns, and fund allocations to maintain liquidity and project continuity.

• Coordinate with financial institutions for loan documentation, disbursements, and compliance reporting.

• Forecast funding needs and prepare financing summaries for management and investors.

5. Audit, Tax & Compliance

• Coordinate with auditors, tax consultants, and legal advisors to ensure full compliance with statutory and reporting requirements.

• Ensure timely submission of tax filings, withholding reports, and project-related documentation.

• Maintain proper records for capitalized costs and ensure proper asset recognition upon project completion.

6. Reporting & Management Support

• Prepare monthly management reports summarizing project financial performance, budget variance, and forecast updates.

• Present key insights to the Board and Finance Director to support strategic decision-making.

• Provide financial oversight during project handover to Operations for pre-opening budgeting and capital tracking.

Qualifications & Requirements:

• Bachelor’s Degree in Accounting, Finance, or related discipline; CPA or CA preferred.

• Minimum 7 years of experience in finance and accounting, with at least 3 years in property or hospitality development.

• Strong understanding of project-based accounting, construction cost tracking, and capex control.

• High attention to detail with strong analytical, organizational, and communication skills.

• Experience working with luxury or mixed-use developments is highly advantageous.