CFO (Real Estate, Property, and Hospitality)

Jakarta Permanent View Job Description
An established conglomerate is establishing its property business and expanding into hospitality. This role will lead the development of its finance function, establishing financial systems, overseeing end-to-end project economics, and structuring funding strategies to support its long-term growth.
  • Lead the financial build-out of a growing property and hospitality business.
  • Join an established Indonesian conglomerate with diversified businesses.

About Our Client

Our client is a well-established conglomerate with a diversified portfolio of businesses and a strong presence across Indonesia. As part of its strategic expansion, the group is revitalising its property business and exploring opportunities in the hotel and hospitality sector.

Job Description

Key Responsibilities

  • Finance Function Establishment: Build and establish the finance function for the property business unit, including financial policies, processes, reporting structures, internal controls and financial systems.
  • End-to-End Property Finance: Oversee the financial lifecycle of property projects, from pre-construction planning and feasibility assessment through construction, completion and post-construction operations.
  • Project Financial Management: Lead project budgeting, financial modelling, cost planning, cash flow projections and financial performance monitoring to ensure project viability and profitability.
  • Funding & Capital Management: Develop and execute funding strategies, managing capital allocation from internal group resources as well as external financing facilities, particularly bank financing.
  • Financial Planning & Analysis: Establish financial planning, budgeting and forecasting processes, providing financial insights and recommendations to support strategic and investment decisions.
  • Operational Finance & Cost Control: Oversee operational expenditure, property maintenance costs and ongoing financial performance across the group's property portfolio.
  • Hospitality Expansion: Support the financial planning and structuring of the group's expansion into hotels and hospitality, including project feasibility, investment evaluation and operational financial planning.
  • Stakeholder Management: Work closely with group management, project teams, banking partners and other key stakeholders to ensure effective financial governance and project execution.
  • Department & Team Development: Build and lead the finance department from the ground up, including defining the organisational structure, recruiting key finance personnel, establishing roles and responsibilities, and developing the team's capabilities to support the business's growth and long-term objectives.



The Successful Applicant

Key Requirements

  • Minimum 15 years of experience in finance, with substantial exposure to property development, real estate or property investment.
  • Strong understanding of the end-to-end property development lifecycle, particularly pre-construction financial planning, project feasibility, budgeting and financial management.
  • Demonstrated experience in managing project funding and financing structures, including internal group funding and external bank facilities.
  • Proven ability to establish or improve finance functions, systems, financial controls and reporting processes.
  • Experience managing property projects, including smaller-scale developments, is essential.
  • Candidates currently holding Finance Controller, Head of Finance or equivalent senior finance positions are encouraged to apply. Previous C-level experience is not mandatory.
  • Strong commercial acumen, strategic thinking and stakeholder management capabilities.

What's on Offer

Why Consider This Opportunity?

  1. Build from the Ground Up: Take ownership of establishing a new finance function, systems and governance framework rather than inheriting an established structure.
  2. Broader Business Exposure: Gain end-to-end involvement in property development while supporting the group's strategic expansion into hospitality.
  3. Strategic Leadership Mandate: Work closely with group management and influence investment, financing and business growth decisions.



Interested in taking on a new strategic challenge?

We welcome experienced property finance professionals who are ready to take ownership of a growing business unit. Please apply directly or reach out for a confidential discussion.

Contact
Sherlyn Andika
Quote job ref
JN-112026-7141302
Phone number
+62 21 29588801

Job summary

Function
Finance & Accounting
Sub Sector
Financial Director / CFO
What is your area of specialisation?
Property
Location
Jakarta
Contract Type
Permanent
Consultant name
Sherlyn Andika
Consultant contact
+62 21 29588801
Job Reference
JN-112026-7141302

Diversity & Inclusion at Michael Page

We don't just accept difference - we celebrate it. We encourage applicants from all backgrounds to apply for this role and are committed to building inclusive, diverse workplaces where everyone can thrive. If you require any support or reasonable adjustments during the recruitment process, please let us know.