Financial Manager – Contracting

Job Overview

Financial Reporting & Compliance

• Prepare and present accurate monthly, quarterly, and annual financial statements in compliance with local regulations and company policies.
• Ensure timely submission of tax filings, VAT returns, and statutory reports.
• Coordinate with external auditors and implement audit recommendations.
• Ensure compliance with IFRS/GAAP standards and local financial regulations.

Budgeting & Forecasting

• Develop, implement, and monitor annual budgets for corporate operations and individual projects.
• Track project financials, including cash flows, capital expenditures, and performance metrics.
• Work closely with project managers and commercial teams to maintain financial discipline and cost efficiency.
• Prepare financial forecasts and variance analysis reports.

Financial Analysis & Strategy

• Conduct detailed financial analysis to identify trends, variances, risks, and opportunities.
• Provide actionable financial insights and recommendations to senior management.
• Support strategic decision-making through financial modeling and business performance analysis.
• Recommend initiatives to improve profitability, reduce costs, and optimize cash flow.

Cash Flow & Liquidity Management

• Monitor and manage company cash flow to ensure operational continuity.
• Maintain healthy working capital and ensure timely payments to suppliers, subcontractors, and service providers.
• Coordinate with banks and financial institutions regarding facilities, guarantees, and funding requirements.

Cost Control & Contract Management

• Implement and oversee cost control mechanisms across all contracting projects.
• Monitor project costs, margins, and financial performance against approved budgets.
• Assist in contract reviews and negotiations to ensure financially favorable terms and minimize risks.
• Evaluate project profitability and recommend corrective actions when necessary.

Team Leadership

• Lead, mentor, and develop the finance team to ensure high performance and professional growth.
• Promote accountability, continuous learning, and adherence to financial best practices.
• Establish clear KPIs and performance monitoring systems for the finance department.

Risk Management

• Identify financial and operational risks and recommend mitigation strategies.
• Strengthen internal controls and ensure adherence to corporate governance standards.
• Ensure compliance with company policies and financial procedures.

Education

• Chartered Accountant (CA) qualification is mandatory.
• Bachelor’s degree in Finance, Accounting, or a related field.
• MBA or Master’s degree in Finance/Business Administration is an added advantage.

Experience

• 15–20 years of progressive experience in financial management.
• Minimum 5 years of experience in the contracting/construction industry is mandatory.
• Must have prior experience working in an LC Contracting/Construction Company.
• Strong experience in budgeting, cost control, project accounting, and financial planning.
• Sound knowledge of financial regulations, taxation, VAT, and IFRS/GAAP standards.

Skills

• Strong analytical, strategic thinking, and problem-solving abilities.
• Proficiency in ERP systems and financial software such as SAP, Oracle, or QuickBooks.
• Excellent communication and presentation skills.
• Strong leadership and team management capabilities.
• Ability to work under pressure and manage multiple priorities effectively.

Personal Attributes

• High level of integrity, professionalism, and confidentiality.
• Detail-oriented with strong decision-making capabilities.
• Self-motivated, proactive, and result-driven.
• Pay: AED14,000.00 - AED16,000.00 per month