Job Description - Development Property Finance Manager (045925)
Development Property Finance Manager - 045925
Organisation
Places for London
Job
Accountancy
Position Type - Full Time
Location: Victoria, London / Remote Working
Contract Type: Permanent TfL
About Us
Welcome to Places for London, TfL’s property company, where your career can make a meaningful impact on the landscape of a global city. As an integral part of the London community, we are building more than 20,000 new and sustainable homes, 50% of which will be affordable over the next 10 years across the capital.
We are one of London’s largest landlords, providing flexible and accessible workspaces for 1,500 customers, over 90 per cent of which are small businesses. Increasingly, Places for London is recognised as a public sector body that the private sector can do business with, evidenced by the quality of our JV partners.
As the Development Property Finance Manager, you will report directly to the Head of Finance for Places for London. Your responsibilities extend beyond routine tasks, including business partnering with the development teams and the JV partners involved in our developments.
Overview of Role
In this leadership role, you will be responsible for the finances of the property development division, involving financial analysis, management accounting, and reporting. This includes joint venture property accounting, applying appropriate levels of due diligence, governance, and assurance.
You will work with business stakeholders and external partners to drive the right financial outcomes for Places for London. Excellent stakeholder management skills are essential, along with experience in providing technical accounting advice on structuring new joint venture partnerships to identify financing or reporting risks.
Adaptability is key as you will carry out a range of financial activities across multiple developments at different stages within the property development lifecycle. You will be articulate and able to represent the interests of Places for London with internal and external stakeholders.
At Places for London, you will value your team members in driving our success, providing a supportive and empowering workplace where creativity flourishes and careers thrive.
Key Accountabilities
• Leading the property development finance team (circa 6 people).
• Implementing new processes and systems along with continuous reporting improvements.
• Managing the management accounting cycle, including period-end, year-end, and audit queries related to property development schemes.
• Providing a complete financial business partnering service to senior management and departments regarding Property Development.
• Ensuring timely and accurate recording of financial transactions and performance information, including forecasts, plans, and budgets.
• Representing TfL in Finance Committee meetings within operated ventures, challenging performance and conducting due diligence on forecasts, budgets, and plans.
• Managing financial information flows between Places for London and our Joint Venture partners; leading on financial queries related to Property Partnership activity.
• Providing technical accounting advice on structuring new joint venture partnerships to address financing or reporting risks before contracts are signed.
• Maintaining financial records and reviewing statutory accounts of JV.
• Working closely with the Investment Analysis team to support investment appraisals and provide assurance around model inputs.
• Supporting the wider Development team with ad hoc reporting and information requests.
Skills, Knowledge & Experience
Skills
• Stakeholder Management (Expert).
• Variance and Financial / Budgetary Analysis (Expert).
• Forecasting (Expert).
• Systems and Software (Experience).
• Cost Accounting (Experience).
• Business Case Analysis, Development and Assurance (Expert).
• Risk and Control (Expert).
• Professional Accounting principles and standards (Experience).
• Management reporting, external reporting, and ad hoc communication (Expert).
• Commercial acumen (Expert).
• Technical Accounting (Expert).
Knowledge
• Qualified accountant, preferably CIMA, ACCA, or ACA.
• Financing, accounting, VAT, and governance frameworks for property development.
• Extensive commercial property development knowledge from working for a commercial property developer.
• Strong property accounting or asset accounting knowledge, including key property and industry KPIs.
• Understanding of joint venture arrangements and equity accounting consolidation rules.
• Knowledge of systems used in property reporting and analysis (e.g., SAP or Oracle).
• Knowledge of financial activity needed to support property-specific activities throughout the property development lifecycle.
• General management accounting covering aspects such as forecasting, reporting, variance analysis, and planning.
Experience
• Leadership experience in developing and motivating a team.
• Experience managing finances across a large commercial property portfolio with multiple developments.
• Extensive management accounting experience covering forecasting, reporting, variance analysis, planning, and ad hoc activities.
• Experience in property development finance roles with responsibilities for reporting, budgeting, and forecasting for multiple property developments at different lifecycle stages.
• Experience working on joint ventures, including joint venture modelling, accounting, and statutory requirements.
Equality, Diversity and Inclusion
We are committed to equality, diversity, and inclusion, aiming to represent the city we serve to become a more innovative and efficient organisation. We guarantee an interview to any disabled candidate who meets all essential criteria and use anonymising software to ensure a fair recruitment process.
Application Process
How To Apply
Please submit an up-to-date copy of your CV along with a cover letter (no more than 2 A4 pages, Arial size 12), in PDF format. Ensure your application outlines how you meet the required motivations, skills, knowledge, and experience.
Closing date for applications: Thursday 21st November at 23:59hrs.
Hybrid Working
Hybrid working enables a balance of 50% of time split between the office and home over a 4-week period, evolving subject to business requirements.
In return for your commitment and expertise, you will enjoy excellent benefits, including:
• Final salary pension scheme.
• Free travel for you on the TfL network.
• Reimbursement of 75% of the cost of a standard class Ticket for National Rail travel or 75% reimbursement on a 28-day flexi ticket.
• 30 days annual leave plus public and bank holidays.
• Commitment to work-life balance and hybrid working approach where role requirements allow.
• Private healthcare discounted scheme (optional).
• Tax-efficient cycle-to-work programme.
• Retail, health, leisure, and travel offers.
• Discounted Eurostar travel.
#J-18808-Ljbffr