Finance Manager – Asset Management

Job Details

We are currently looking for an experienced finance professional to join our Group Finance in the capacity of Finance Manager – Asset Management. To monitor the quality of assets in the Balance Sheet, evaluate and critically review Feasibility Studies/Business Cases prior to seeking IC/Senior Management approvals, drive the mandatory Post Completion Review process, and track/report Capital Expenditure spends. Also, carry out central tracking and reporting of loss‑making businesses/stores across AF Group, monitoring and reporting off‑balance‑sheet financial exposures, coordinating WACC rates set‑up, identifying/monitoring assets for impairment testing, and benchmarking for the various AF Group businesses and principals.

• Carry out critical evaluation/review of new Investment Proposals/Business Plans/AFEs/IANs and M&As to ensure the proposed investments meet the criteria set by the Group prior to approval by AF Group Senior Management.
• Drive the Post Completion Review exercise with Divisions/Businesses to ensure compliance to DOA and ensure executed projects perform in line with the approvals provided.
• As part of the PCR process, highlight potential impairment cases to Management for early action and accounting.
• Coordinate with Corporate Finance Team to issue/update WACC rates to Business Divisions, ensuring the updated rates are used in investment proposals.
• Track and optimize Capital Expenditure.
• Constantly monitor and report on the quality of working capital and other assets in the Balance Sheet to highlight key issues during Financial Review Meetings and Business Review Meetings for Management attention.
• Monitor adequacy of provisioning, impairments, write‑offs, etc., to ensure compliance with Group Financial Policies.
• Review Investment Proposals/AFEs/Business Plans/IANs related to expansions and M&As.
• Centrally monitor the Capex budget and actual spend by Business Divisions to ensure spend remains within budget and explore ways to optimize it.
• Monitor marginal and loss‑making businesses/stores.
• Track action items concerning the turnaround/closure of loss‑making businesses/stores for regular reporting.
• Benchmarking exercise: carry out periodical analysis of marginal and loss‑making businesses/showrooms/stores for Senior Management attention on turnaround/exit and to improve overall AF Group profitability.
• Carry out benchmarking analysis on AF Group/Business Division performance with selected peers, competitors, and principals based on published data to identify performance improvements.
• Track and report on off‑balance‑sheet exposure across AF Group for Management attention and action.

• Financial and data modelling.
• Reasonable knowledge and understanding of International Accounting Standards.
• Financial Management and reporting skills, preferably with Corporate Finance experience and familiarity with computerized financial systems.
• Feasibility studies preparation/review.

• Commerce graduate with CA/CMA, expertise in Financial and Management Accounting/reporting, and Corporate Finance related activities.
• Overall 7–10+ years in Finance, with 3–4 years in a similar role.