Project Finance Controller

Overview

Project Finance Controller

• in Dubai, UAE.
• What are my responsibilities?
• Financial planning and analysis: maintain accurate forecast of the business operating performance and monitor against FY targets. Analyze potential deviations (risks) and define mitigation measures.
• Financial reporting: Oversee and consolidate the periodical reporting of financial results of ACP/DB projects as well as cost center performance in line with deadlines given.
• Project Accounting: Oversee project accounting processes (e.g. billing, accruals, JV's) towards ACF is done timely and completely with supporting documents as per the underlying requirements (e.g. VAT, FRG).
• Project Budget Estimation: Creates and manages the project budget from bid evaluation (post contract) with contract information and updated information from various project team members (PM, ENG, Scheduler, CCM etc.) Calculate, evaluate and verify the estimates to complete (ETC) with various departments (technical, commercial, procurement, planning site etc.) with analysis and conclusive measures
• Project Planning & Forecasting: Prepare accurately cost and cash flow plan as per its occurrence according to applicable accounting guidelines and the underlying project plans (e.g. procurement, program of works, manpower) and optimize where possible. Prepare sales forecast according to the periodic budget and financial report requirements. Prepare various costing schedule(s) for Activity based costing.
• Cost Controlling & Allocation: Allocate cost according to its cause, coordinates and verifies the correctness of the cost bookings. Verifies the actual costs against the achieved progress. Continuously record and monitor planned, committed and incurred cost and highlight budget constrains timely to ensure project cost to stay within budget.
• What do I need to qualify for the role?
• A degree in Finance, Accounting, Business Administration, or a related field.
• Strong background in the field of project cost planning, finance, accounting or business administration; Master’s degree an added advantage.
• Certifications such as CPA, CFA, CMA or an established QS certification are highly advantageous.
• Direct experience of at least 3 years in project finance, controlling, or cost management within a project-based electromechanical engineering and construction environment.
• Proficiency in creating financial models, budgets, and forecasts for analyzing and interpreting project data. Ability to prepare accurate and timely financial statements and reports for both internal and external stakeholders is a key function.
• Expertise in financial and project management software, including advanced knowledge of Microsoft Excel and PowerPoint, is a necessity. Knowledge of specific ERP systems like SAP or Oracle is required.
• A strong understanding of financial regulations, such as GAAP or IFRS, is needed to ensure compliance and ethical conduct.
• High social competence, which enables positive intercultural interaction with colleagues and business partners.
• Technically versed and familiar in Project Controls, Scheduling, Contract management and Project Coordination
• Strong communication and interpersonal skills.
• Confident, results-oriented, highly motivated with a proactive attitude.
• Ability to prioritize tasks and work effectively in a fast-paced environment.