Responsibilities:
- 1. Budget Planning and Preparation: o Collaborate with project stakeholders to develop detailed project budgets for contracting and finishing stages, considering labor, materials, equipment, and overhead costs. o Conduct thorough cost estimation and analysis to ensure budgets are accurate and align with project requirements.
- Cost Control and Monitoring: o Implement effective cost control measures to track project expenditures against approved budgets throughout the contracting and finishing phases. o Monitor project progress and financial performance, identifying variances and implementing corrective actions as needed.
- Financial Reporting and Analysis: o Prepare regular financial reports, including cost reports, cash flow forecasts, and variance analysis, for project management and senior leadership. o Provide insights and recommendations based on financial analysis to optimize project profitability and efficiency.
- Contract Management: o Review and analyze project contracts and agreements related to subcontractors, suppliers, and service providers. o Ensure contract terms are adhered to and manage change orders and variations to control costs effectively.
- Risk Assessment and Mitigation: o Conduct risk assessments related to financial aspects of projects, identifying potential risks and developing mitigation strategies. o Ensure compliance with financial regulations, policies, and procedures to mitigate financial and legal risks.
- Collaboration and Communication: o Collaborate closely with project managers, engineers, procurement teams, and subcontractors to align financial goals with project objectives. o Communicate financial status, forecasts, and recommendations to project stakeholders in a clear and concise manner.
- Continuous Improvement: o Evaluate and implement process improvements and best practices in financial planning, cost control, and contract management. o Stay updated with industry trends, regulations, and technologies to enhance project financial management practices
-
Skills and Qualifications: Bachelor’s degree in Finance and Accounting. A Master’s degree or professional certification (e.g., CPA, CFA) is advantageous. Proven experience in financial planning, cost control, and contract management within the construction industry, with a minimum of 8 years in a similar role. Strong analytical skills with proficiency in financial modeling, forecasting, and variance analysis. Excellent knowledge of construction project management principles, including scheduling, procurement, and risk management. Proficiency in financial software and tools (e.g., ERP & MS Excel) for budgeting, reporting, and analysis. Effective communication skills, both verbal and written, with the ability to present complex financial information to diverse audiences. Strong attention to detail and ability to work under pressure in a fast-paced environment