Finance Manager – Property Development

Tamworth | Office based, five days per week
£48,000 - £55,000 depending on experience
Permanent | Full time

The opportunity

We are looking for a commercially minded Development Finance Manager to take ownership of the financial management, control and reporting of our property-development portfolio.

Reporting to the Head of Finance, you will oversee management accounts and development reporting across the principal development company and its project-specific SPVs. You will work closely with the development team, senior leadership, lenders and external professionals, ensuring that project performance, cash requirements and financial risks are understood and acted upon.

This is a hands-on role combining management accounting, development finance, project forecasting and financial control. It would suit someone who understands the detail but can also challenge assumptions, explain financial issues clearly and provide commercially focused recommendations.

Key responsibilities

• Take end-to-end ownership of monthly management accounts and development reporting, including month-end close, journals, reconciliations and supporting schedules.
• Produce monthly management information covering profit and loss, balance sheet, working capital, debtor recoverability, cashflow and covenant performance.
• Monitor development expenditure, commitments, contingency and cost to complete against approved project budgets.
• Maintain project cashflow forecasts and identify funding requirements, risks and potential shortfalls at an early stage.
• Review development appraisals and challenge assumptions relating to build costs, sales, timing, tax, funding and contingency.
• Manage lender drawdown timetables and supporting packs, including QS valuation and certificate reconciliations, covenant reporting and completion statements.
• Lead the financial onboarding of new developments, including SPV set-up, chart of accounts, Xero budgets, cost codes, tracking categories and purchase-order controls.
• Apply appropriate accounting treatment to assets under construction, work in progress, contract revenue, retentions and VAT.
• Review bank reconciliations, payment runs, payroll and expenses, resolving queries and maintaining effective cash controls.
• Support project-completion reviews by comparing actual results with original budgets and explaining under- or over-performance.
• Line-manage and develop the team member responsible for development bookkeeping, reviewing their work and setting clear priorities.
• Improve reporting, processes and financial controls across the development portfolio.