Key Responsibilities:
- Develop and manage comprehensive project budgets and cash flow projections, ensuring alignment with project scope, timelines, and resource allocation
- Oversee and analyze financial performance, identifying areas for improvement, cost savings, and potential revenue enhancements
- Prepare accurate and timely financial reports, including balance sheets, income statements, cash flow statements, and project financial performance reports
- Manage and monitor accounts receivable and accounts payable, ensuring timely collection of receivables, prompt payment of payables, and adherence to credit policies
- Provide financial guidance and support to project managers, senior management, and other departments
- Conduct regular financial audits and reviews to identify potential risks, ensure financial integrity, and maintain compliance
- Stay updated on industry trends, accounting standards, and construction-specific financial regulations
- Monitor and analyze project costs throughout the project lifecycle, identifying variances from budgets and implementing corrective actions
- Conduct financial analysis to support strategic decision-making, including project feasibility studies, investment evaluations, and financing options
- Oversee the financial aspects of contract negotiations and ensure compliance with contractual terms
- Contribute to the development and implementation of financial control systems and risk management strategies
- Mentor and train junior finance staff, fostering their professional development and contributing to a strong finance team
Financial Institutions Relationship Management
- Establish and maintain strong relationships with banks, factoring companies, and leasing companies to secure favorable financing terms and conditions.
- Negotiate and manage credit facilities, lines of credit, and other financing arrangements.
- Provide financial information and documentation to financial institutions to support loan applications and renewals.
- Maintain open communication with financial institutions to address any concerns or questions.
- Monitor and manage financial covenants and reporting requirements for existing financing arrangements.
Bachelor's degree in Finance, Accounting, or a related field+12 years experience (with 5+ years of experience in financial management preferably in construction industry)Familiarity with construction project management processes and terminologyExperience with financial modeling and analysis toolsProven expertise in financial analysis, budgeting, forecasting, and financial reportingStrong understanding of accounting principles, practices, and standards (CFA is a plus)Proficient in financial software (such as SAP) and other accounting programsExcellent communication, interpersonal, and presentation skillsAbility to work independently and manage multiple projects simultaneouslyA team player with the ability to motivate and lead others