Finance Manager Construction
Job Summary
The Finance Manager oversees the financial health of construction projects and overall company operations. This role involves managing financial planning, budgeting, cost control, and reporting. The position also ensures compliance with regulatory requirements while supporting strategic decision-making.
Responsibilities
- Oversee full set of accounts and financial reporting
- Lead project budgeting and forecasting
- Monitor project costs and profitability
- Ensure compliance with tax and accounting regulations
- Manage cash flow and financial policies
Required Skills
- Construction industry finance experience
- Project accounting and cost control
- Advanced Excel and ERP proficiency
- Managerial and leadership skills
- Strong analytical and communication skills
Job Details
Key Responsibilities:
- Oversee the full set of accounts, including accounts payable, accounts receivable, general ledger, and financial reporting.
- Lead budgeting, forecasting, and financial planning processes for construction projects and corporate operations.
- Monitor project costs, revenue, and profitability, ensuring alignment with budget and contract terms.
- Manage progress claims, project billing, subcontractor payments, and cost tracking.
- Prepare monthly management reports, financial statements, and variance analysis.
- Ensure strong cash flow management, including forecasting and working capital optimization.
- Liaise with project managers, quantity surveyors, and senior management on financial performance and cost control.
- Ensure compliance with accounting standards, tax regulations (e.g., GST), and statutory requirements.
- Manage audits (internal and external), tax filings, and regulatory submissions.
- Develop and implement financial policies, procedures, and internal controls.
- Support contract evaluation and provide financial input for tenders and project bids.
- Lead and mentor the finance team to ensure operational efficiency and accuracy.
Requirements:
- Bachelor’s Degree in Finance, Accounting, or related field.
- Professional qualification (e.g., ACCA, CPA, CA) is preferred.
- Minimum 5–10 years of relevant experience, with at least 3 years in a managerial role.
- Strong experience in construction or M&E industry finance is highly preferred.
- In-depth knowledge of project accounting, cost control, and revenue recognition.
- Strong understanding of financial reporting standards and tax regulations.
- Proficiency in accounting systems and advanced Excel skills.
- Excellent analytical, leadership, and problem-solving abilities.
- Strong communication and stakeholder management skills.
Preferred Skills:
- Experience with ERP systems (e.g., SAP, Oracle).
- Familiarity with contract management and tender costing.
- Ability to work in a fast-paced, project-driven environment.
- Strong leadership experience managing finance teams.