Head of Finance

Job Description

Title: Head of Finance

Company Name: ACE Developers Limited

Vacancy: 1

Age: At least 25 years

Job Location: Dhaka (GULSHAN 2)

Salary: Tk. 10000 - 20000 (Monthly)

Experience:

• At least 10 years
• The applicants should have experience in the following business area(s): Real Estate, Developer, Property Management & Preservation Services, Building & Construction Materials

• Master of Commerce (MCom) in CA / CPA / CMA / ACCA / CFA (or equivalent)

CA / CPA / CMA / ACCA / CFA (or equivalent)

• At least 10 years
• The applicants should have experience in the following business area(s): Real Estate, Developer, Property Management & Preservation Services, Building & Construction Materials

• Age At least 25 years
• Only Male

Experience & Qualifications

• Minimum 10 years of progressive finance experience, with at least 3 years in a senior leadership role (CFO, Finance Director, Head of Finance, or equivalent)

• Strong preference for candidates with direct experience in real estate development, property investment, or construction finance in Bangladesh

• Professional qualification required: CA, CPA, CMA, ACCA, CFA, or equivalent (CA/ACCA/CFA strongly preferred)

• Demonstrable experience in real estate financial modelling - GDV, IRR, DCF, NAV - is a significant differentiator

• Prior experience managing relationships with Bangladeshi scheduled banks and financial institutions

• Hands-on experience with Bangladesh tax (NBR), VAT/Mushak regulations, and RJSC compliance is mandatory 

Technical Skills

• Advanced financial modelling - Excel-based project finance models, scenario analysis, and sensitivity tables

• Proficiency in accounting software (Tally ERP, SAP Business One, or equivalent)

• Strong understanding of cost accounting, project cost control, and BOQ/IPC mechanics

• Working knowledge of IFRS and Bangladesh Financial Reporting Standards (BFRS)

• Familiarity with RAJUK project financial obligations and the Real Estate Development & Management Act 2010 

Leadership & Interpersonal

• Board-level communication skills - ability to translate complex financials into clear, executive-level narratives

• Strong stakeholder management: MD, CEO, investors, bankers, auditors, and regulatory bodies

• High integrity, detail orientation, and zero-tolerance for financial irregularity

• Ability to work in a fast-paced, project-driven environment with multiple concurrent development workstreams

• Entrepreneurial mindset with a bias for building systems and structures from the ground up

1.  Financial Strategy & Business Partnering

• Own the full P&L, balance sheet, and cash flow position across all active and pipeline projects

• Serve as the primary financial advisor to the CEO and MD on capital allocation, project viability, and investment decisions

• Develop and maintain the Company's annual and multi-year financial plan aligned to the strategic roadmap

• Provide scenario analysis and stress-testing to support Board-level and MD-level decisions

2.  Project Finance & Real Estate Financial Modelling

• Lead project-level financial modelling — GDV analysis, IRR, NPV, DCF, and NAV computations for all developments

• Oversee cost budgeting, BOQ cost validation, IPC (Interim Payment Certificate) review and approval workflows

• Monitor construction cost-to-complete versus budget and flag deviations with corrective actions

• Track land acquisition costs, financing costs, and CapEx deployment across the project portfolio

• Maintain the Master Cash Flow model with actuals, forecasts, and rolling 12-month visibility

3.  Financial Planning & Analysis (FP&A)

• Lead the annual budgeting and quarterly reforecast cycles across all business units and cost centers

• Prepare monthly management accounts with project-level variance reporting (Budget vs. Actual vs. Forecast)

• Develop and maintain a management dashboard covering RAG-status KPIs, collection efficiency, working capital metrics, and margin performance

• Conduct COGS and overhead analysis to drive cost efficiencies and improve project margins

4.  Sales Collections & Working Capital Management

• Oversee the sales collection cycle — booking advance, instalment tracking, demand notices, and handover collections

• Drive working capital optimization across receivables, payables, and contractor payment schedules

• Monitor project-level collection shortfall risks and propose mitigation through payment scheduling or financing

• Maintain an up-to-date Cost Centre Summary by project, tracking Dr/Cr positions and net exposure

5.  Treasury, Banking & Financing

• Manage relationships with scheduled banks, NBFIs, and financial institutions for project financing and working capital facilities

• Lead structuring of project loans, mortgage facilities for buyers, and overdraft lines in collaboration with the Management

• Oversee loan covenant compliance, drawdown schedules, and repayment planning

• Optimise cash deployment across projects to maximise capital efficiency and minimise idle liquidity

6.  Statutory Compliance & Regulatory Affairs

• Ensure full compliance with Bangladesh income tax, VAT/Mushak, and company law obligations under the Companies Act 1994

• Oversee RJSC filings, NBR submissions, and annual statutory returns

• Manage the external audit process and maintain clean audit outcomes across all entities

• Maintain compliance with RAJUK and relevant real estate regulatory obligations that carry financial implications

• Ensure compliance with the Real Estate Development & Management Act 2010 on financial disclosures and client fund management

7.  Investor Relations & Shareholder Reporting

• Prepare shareholder reporting packs including NAV-based company valuation, portfolio performance, and project status updates

• Support the CEO in NRB and HNI investor presentations with data-driven financial narratives

• Maintain investor-grade documentation including financial projections, sensitivity analyses, and returns modelling

8.  Systems, Controls & Team Leadership

• Build, lead, and mentor the finance team — establishing a high-performance, accountability-driven function

• Design and implement financial controls, approval workflows, and an internal audit framework

• Drive ERP/accounting system implementation and improvement (Tally, SAP, or equivalent)

• Establish SOPs for accounts payable, accounts receivable, payroll, and cost centre reporting

• T/A,Mobile bill
• Salary Review: Yearly
• Lunch Facilities: Full Subsidize
• Festival Bonus: 2