Finance Controller – Projects

Industry

Position Summary

Financial Planning & Control

• Develop project budgets, forecasts, and financial plans.
• Monitor project costs, revenues, and profitability throughout the project lifecycle.
• Analyze budget variances and recommend corrective actions.
• Ensure financial resources are utilized efficiently.

Project Accounting & Reporting

• Maintain accurate project accounting records and cost allocations.
• Prepare monthly project financial reports, management accounts, and performance
• dashboards.
• Monitor project KPIs, cost-to-complete analysis, and earned value metrics.
• Coordinate project audits and financial reviews.

Cost Management

• Track labor, material, subcontractor, equipment, and overhead costs.
• Review purchase orders, subcontract agreements, and payment applications.
• Monitor project margins and identify opportunities for cost optimization.
• Ensure proper cost coding and project cost control procedures.

Cash Flow & Working Capital Management

• Prepare project cash flow forecasts and funding requirements.
• Monitor accounts receivable and project collections.
• Coordinate with clients regarding payment certifications and invoicing.
• Manage working capital requirements and cash utilization.

Commercial & Contract Support

• Review project contracts and identify financial risks.
• Support variation orders, claims, change orders, and commercial negotiations.
• Ensure compliance with contract terms and payment schedules.
• Assist project teams in financial evaluation of bids and tenders.

Compliance & Governance

• Ensure compliance with Saudi Arabian financial regulations, VAT, ZATCA requirements,
• and company policies.
• Coordinate external and internal audits.
• Maintain strong internal controls and financial governance procedures.
• Ensure adherence to IFRS accounting standards.

Risk Management

• Identify financial and commercial risks associated with projects.
• Develop mitigation strategies and monitor risk exposure.
• Support project management teams in financial decision-making.

Leadership & Stakeholder Management

• Partner with Project Managers, Operations Managers, Procurement, and Executive
• Management.
• Lead and mentor finance and project accounting teams.
• Present financial performance reports to senior management.

Required Qualifications

• Bachelor's Degree in Finance, Accounting, Commerce, or related field.
• Professional qualification preferred:
• ○ CPA
• ○ ACCA
• ○ CMA
• ○ CA
• MBA (Finance) is an advantage.

Requirements

• Minimum 8–15 years of finance and accounting experience.
• At least 5 years in Project Finance Control within:
• ○ Industrial Coatings
• ○ Corrosion Protection

○ Oil & Gas

○ Construction & Industrial Services

• Strong experience in Saudi Arabia and GCC markets.
• Experience handling multi-million SAR projects.

• Budgeting & Forecasting

• Project Accounting
• Financial Reporting
• IFRS Compliance

• Contract & Commercial Analysis

• Risk Management
• Internal Controls

• VAT & ZATCA Compliance

• Financial Modeling
• Cost-to-Complete Analysis

Systems & Software

• SAP
• Oracle ERP
• Microsoft Dynamics
• Power BI

Key Competencies

• Financial Analysis
• Strategic Thinking
• Business Partnering
• Commercial Awareness

• Leadership & Team Management

• Problem Solving
• Attention to Detail
• Negotiation Skills

Preferred Requirements

• Experience in Saudi Arabia with knowledge of local regulations.
• Experience in industrial coating, corrosion protection, and EPC project environments.
• Strong understanding of project lifecycle financial management.
• Fluency in English; Arabic is an advantage.

Key Performance Indicators (KPIs)

• Project Profitability
• Budget Adherence

• Cash Flow Performance

• Collection Efficiency
• Forecast Accuracy
• Audit Compliance