Project Finance Associate - London, United Kingdom - Urban&Civic

Urban&Civic

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Who are we?

We are a leading property developer, working with our Partners to create beautiful, sustainable and community focused places where housebuilders want to build, and people want to live.

We're looking for a
Project Finance Associate to assist the wider Project Finance Team in support of U&C's project Development Teams.

The Project Finance team's core function is in relation to the control, monitoring and reporting of performance against business plan for each of U&C's active projects.

The key purpose of the role is to support the Senior Project Finance Manager in processing and recording transactions, updating, and monitoring associated workstream cashflows (which are components of the overall project cashflows) and business plan forecasts.

The role will also involve providing ad-hoc analysis, financial modelling and scenario analysis as required.

This role will be based at our Headquarters in
London, with some travel to other regional offices when required.

We are advocates of employees growing with the Company and actively seek to promote from within.

Key Responsibilities

Cost control:

Reviewing monthly invoice listings provided by the ledger team and updating the project cashflow accordingly, including revising workstream forecasts with budget holders and reprofiling costs to complete to be presented to the Senior Project Finance Manager
Monitoring commitments to ensure expenditure remains within approved Business Plan levels and expenditure approval protocols are observed
Attending monthly cost control meetings with the Senior Project Finance Manager and presenting financial information to project team members
Supporting Senior Project Finance Manager in the preparation monthly drawdown requests, covenant compliance and payment approvals to U&C senior management, joint venture stakeholders and bank relationship managers

Sales:

Oversight and review of weekly sales tracker information with numbers of housing reservations, exchanges, completions, invoicing, and land payments matched to bank statements
Oversight of necessary documentation checks/review as part of the housing plot approval process including confirming cash receipts to allow charge and title restriction releases
Updating project cashflow on a monthly basis to tie back to latest sales tracker information
Supporting the Senior Project Finance Manager in the analysis of housebuilder offers, heads of terms drafting, contract review (deed of deferred consideration), and setting up the arrangements in the sales tracker, deal tracker and project cashflow model

Board and Sub-committee reporting:

Support the Senior Project Finance Manager with preparation of annual business plan presentations for JV Boards, U&C Board, and subcommittees
Assist Senior Project Finance Manager with preparation of project update and performance reporting packs for JV Boards, U&C Board, and subcommittees

Ad-hoc analysis:

Assisting Senior Project Finance Manager and wider business with any adhoc analysis as required
Assisting Senior Project Finance Manager in the preparation of cost schedules and other support as required as part of the half yearly corporate and banking valuations

Role Requirements

Qualifications, Knowledge & Experience_
A familiarity with the technical aspects of accounting for property development would be preferrable but not a prerequisite; including VAT and CIS implications, investment and trading properties, longterm developments, and leases.
A strong MS Office user specifically in Excel (preferably with some modelling experience) and to a lesser extent PowerPoint and Word.
Professional and confident manner in meetings.
Strong communication and interpersonal skills.
Good attention to detail and organisational strengths.
A proactive individual who would be able to anticipate and fulfill the needs of the role.
An ability to meet conflicting priorities whilst working under pressure.
Flexibility; the individual may be required to work longer hours as and when needed and attend meetings at the development sites.
Ability to work autonomously or as an integral part of a team.
A partqualified accountant (ACCA, CIMA or equivalent). This role would suit a keen financial accountant who is able to learn quickly or project accountant with some development experience.
Personal Qualities_
Proactive, methodical, and highly organised.
Strong verbal and clear written communication skills.
Extremely trustworthy and able to work with utmost confidentiality.
Excellent people skills; warm and empathetic with a team ethos.
Reliable, organised, diplomatic, energetic, sociable, presentable.
A confident, energetic, and selfmotivated individual with a proactive approach.