Job Description

the

- Finance Manager (Contracting / Construction Industry)

Position Summary

The Finance Manager oversees the full financial operations of the contracting company, including project-wise cost control, cash-flow planning, project P&L reporting, supplier and subcontractor payments, and compliance with industry regulations. This role works closely with project teams to ensure accurate financial tracking and supports management in strategic decision-making for ongoing and future projects.

Key Responsibilities

1. Financial Planning & Analysis

Prepare monthly, quarterly, and annual financial statements. Provide variance analysis and highlight financial risks. Review cost trends and forecast future financial performance. Provide financial insights to management for planning and budgeting.

2. Project P&L Management (Added Section)

Prepare

project-wise Profit & Loss statements

and update them monthly. Track revenue recognition as per project progress, certifications, and variations. Monitor project income, direct costs, overhead allocations, and gross margins. Identify cost overruns and recommend corrective actions to Project Managers. Review subcontractor liabilities, retention amounts, and pending certifications. Ensure accurate booking of project expenses including materials, manpower, equipment, and site overheads. Provide management with detailed project profitability reports for decision-making. Maintain a dashboard summarizing profit, loss, cash flow, and performance of all projects.

3. Construction & Contracting-Specific Responsibilities

Monitor project budgets, WIP (Work in Progress), and cost-to-complete. Review subcontractor invoices, progress bills, and site expenditures. Validate site material consumption and verify delivery vs. usage. Coordinate with QS, PM, and Procurement teams for cost updates.

4. Accounting & Reporting

Oversee AP, AR, payroll, and general ledger functions. Finalize the month-end closing including accruals, provisions, and reconciliations. Maintain contract-wise documentation for LPOs, agreements, and variations. Handle retention receivables, advance payments, and client collections.

5. Cash Flow & Treasury Management

Prepare weekly and monthly project-based cash flow forecasts. Plan supplier and subcontractor payments in coordination with site needs. Monitor bank positions, cheque schedules, guarantees, and LC requirements. Liaise with banks for project-related financial instruments.

6. Cost Control & Compliance

Implement cost-control procedures across projects. Ensure compliance with VAT, corporate tax, and industry regulations. Assist in internal and external audits with project data.

7. Budgeting

Lead annual and project-specific budgeting processes. Review budget assumptions with project teams. Monitor actual vs. budget and identify variances regularly.

8. Team Leadership

Supervise Site Accountants, Accounts Officers, and Cost Controllers. Conduct training on project cost management. Ensure timely completion of financial tasks.

9. Stakeholder Coordination

Liaise with suppliers, subcontractors, clients, and consultants. Follow up for payment certifications, retention releases, and collections. Provide financial inputs for new tenders and contract negotiations.

Qualifications & Skills

Bachelor's degree in Finance/Accounting (MBA/CPA/CMA preferred).

Minimum 5-10 years of experience in a construction or contracting company (essential).

Strong expertise in project accounting, cost control, and project P&L. Knowledge of IFRS, VAT, and corporate tax (UAE). Proficiency in ERP systems such as SAP, Oracle, Tally, Focus, or BuildSmart. Excellent communication, leadership, and analytical skills.

Key Competencies

Project financial management Project P&L analysis Decision-making Accuracy & attention to detail Multi-project handling Confidentiality & integrity
Job Type: Full-time

Pay: AED10,000.00 - AED15,000.00 per month

Experience:

* Finance: 10 years (Preferred)