Project Financial, Specialist

Overview

Key Responsibilities

• Develop and implement cost control policies and procedures to monitor and manage project expenditures.
• Work closely with Portfolio/Program/Project Managers and owners to prepare project budgets, forecast costs, and ensure financial resources are used efficiently.
• Monitor project spending against budgets, timeline, resource allocation and forecasts, identifying variances and recommending corrective actions.
• Prepare financial reports, collect and analyzes for project stakeholders, highlighting cost performance and trends.
• Collaborate with finance departments to manage project-related contracts, Invoices, and Certificates of Completion (CoC's), through designated systems.
• Implement financial risk management mitigation plans to minimize project cost overruns.
• Advise project teams on cost-saving measures and financial best practices.
• Resolve project financial issues in collaboration with various departments and teams.

Requirements

• Bachelor's degree in Finance, Accounting, Economics, Business Administration, or a related field, or MBA or Master's in Finance is often preferred.
• Professional certifications in Project and Program Management (such as: PMP, PRINCE2) or equivalent certification is preferred.
• Minimum of 4 years of experience in project finance, financial analysis, or financial management within projects.
• Proficiency in analyzing financial data, developing accurate forecasts, and evaluating project viability to inform strategic decision-making.
• Expert in developing, managing, and monitoring project budgets to ensure effective financial control and alignment with project objectives.
• Expert in accurately estimating project costs and proactively identifying potential financial risks to ensure informed budgeting and resource allocation.
• Proficiency in accounting principles and data analysis techniques.
• Strong reporting skills, preparing comprehensive financial reports, and effectively presenting findings.
• Expertise in accounting tools and project budget management.