Finance Manager

Department Icon Accounting & Finance
Posted: 1 month ago
10-15 years
Dubai, United Arab Emirates
Accounting & Finance
work from office
Full Time
Closes 5 Dec 2026

Posted: 1 month ago
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Posted over 15 days ago, so the role may have closed. Confirm on the employer's page when you apply, or see similar jobs.

Job Description

Strong hands-on project finance and cost control expertise

  • Deep understanding of contracting cash flow and margin management
  • Practical knowledge of construction contracts (FIDIC preferred)
  • Commercial mindset with strong attention to detail
  • Ability to operate independently and make fast, informed decisions
  • Bachelor's degree in Finance, Accounting, or related field
  • Professional qualification (CA / CPA / ACCA / CMA) preferred
  • 10–15 years of experience in construction contracting finance
  • Proven experience managing multiple live projects in a mid-size contractor
  • Middle East contracting experience preferred

The Finance Manager – Contracting Division is responsible for end-to-end financial control of the contracting business, with direct ownership of project cost control, billing, cash flow, and financial reporting. The role is hands-on and commercially driven, working closely with Project Directors and Operations to protect margins, accelerate cash collections, and manage financial risk across live projects.

Key Duties and Responsibilities:

1.Project Financial Control

  • Own financial performance of all live contracting projects
  • Establish and control project budgets, cost tracking, and cost-to-complete forecasts
  • Monitor margins, overhead recovery, and project profitability on a real-time basis
  • Intervene early on cost overruns and margin slippage
  • Review cost to complete with budgets and highlight variance to management/ CEO
  • Monitor uncertified work on monthly basis for prompt billing and clearance.
  • Highlight all long outstanding uncertified work to management/ CEO

2.Billing, Claims & Cash Flow

  • Drive timely submission of interim payment applications, variations, and final accounts
  • Closely track certifications, invoicing, collections, and retention recovery
  • Support financial evaluation of variations, claims, and prolongation costs
  • Maintain rolling project cash flow forecasts and funding visibility

3.Commercial & Contract Support

  • Review contract terms impacting cash flow, penalties, retentions, and claims exposure
  • Support negotiations on variations, settlements, and dispute resolutions
  • Ensure financial alignment between main contracts and subcontract agreements

4Financial Reporting & Governance

  • Prepare concise monthly project and divisional financial reports for management
  • Ensure accurate WIP, accruals, and provisions with minimal reliance on head office layers
  • Maintain practical internal controls suitable for a mid-size contracting environment
  • Coordinate audits and statutory reporting with external advisors

5 Budgeting, Forecasting & Tender Support

  • Lead annual budgets and quarterly forecasts for the contracting division
  • Review tender pricing, margin assumptions, and cash flow profiles
  • Highlight financial risks and downside scenarios in bids

6Leadership & Business Partnering

  • Lead a lean finance team supporting projects and head office
  • Act as a trusted financial partner to Operations, Commercial, and Project teams
  • Provide clear, actionable financial advice to senior management

7. Risk Management

  • Identify financial, contractual, and commercial risks early
  • Ensure appropriate provisioning for claims, disputes, and cost overruns
  • Strengthen financial discipline and accountability across projects

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Skills

AccountingBudgetingCash FlowCollectionsFinal AccountsFinancial ControlCost ControlInvoicingRecoveryCaFinance ManagerFinanceBillingCash

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About Company

Aarvi Encon Limited is a leading technical manpower outsourcing company with over 35 years of experience. They provide specialized engineering, technical, and IT personnel to various industries.

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