Financial Manager – Contracting

Job Title: Financial Manager – Contracting **Employment Type:** Full-Time Job Overview We are seeking an experienced and strategic Financial Manager to lead the financial operations of our contracting company. The ideal candidate will have a strong background in financial planning, reporting, compliance, and cost control within the contracting or construction industry. This role requires a results-oriented leader capable of driving financial performance, managing risks, and supporting long-term growth initiatives. The candidate **must have prior experience in a large-scale contracting company (LC Contracting/Construction Industry experience is mandatory).** Key Responsibilities Financial Reporting & Compliance * Prepare and present accurate monthly, quarterly, and annual financial statements in compliance with local regulations and company policies. * Ensure timely submission of tax filings, VAT returns, and statutory reports. * Coordinate with external auditors and implement audit recommendations. * Ensure compliance with IFRS/GAAP standards and local financial regulations. Budgeting & Forecasting * Develop, implement, and monitor annual budgets for corporate operations and individual projects. * Track project financials, including cash flows, capital expenditures, and performance metrics. * Work closely with project managers and commercial teams to maintain financial discipline and cost efficiency. * Prepare financial forecasts and variance analysis reports. Financial Analysis & Strategy * Conduct detailed financial analysis to identify trends, variances, risks, and opportunities. * Provide actionable financial insights and recommendations to senior management. * Support strategic decision-making through financial modeling and business performance analysis. * Recommend initiatives to improve profitability, reduce costs, and optimize cash flow. Cash Flow & Liquidity Management * Monitor and manage company cash flow to ensure operational continuity. * Maintain healthy working capital and ensure timely payments to suppliers, subcontractors, and service providers. * Coordinate with banks and financial institutions regarding facilities, guarantees, and funding requirements. Cost Control & Contract Management * Implement and oversee cost control mechanisms across all contracting projects. * Monitor project costs, margins, and financial performance against approved budgets. * Assist in contract reviews and negotiations to ensure financially favorable terms and minimize risks. * Evaluate project profitability and recommend corrective actions when necessary. Team Leadership * Lead, mentor, and develop the finance team to ensure high performance and professional growth. * Promote accountability, continuous learning, and adherence to financial best practices. * Establish clear KPIs and performance monitoring systems for the finance department. Risk Management * Identify financial and operational risks and recommend mitigation strategies. * Strengthen internal controls and ensure adherence to corporate governance standards. * Ensure compliance with company policies and financial procedures. QualificationsEducation * Chartered Accountant (CA) qualification is mandatory. * Bachelor’s degree in Finance, Accounting, or a related field. * MBA or Master’s degree in Finance/Business Administration is an added advantage. Experience * 15–20 years of progressive experience in financial management. * Minimum 5 years of experience in the contracting/construction industry is mandatory. * Must have prior experience working in an LC Contracting/Construction Company. * Strong experience in budgeting, cost control, project accounting, and financial planning. * Sound knowledge of financial regulations, taxation, VAT, and IFRS/GAAP standards. Skills * Strong analytical, strategic thinking, and problem-solving abilities. * Proficiency in ERP systems and financial software such as SAP, Oracle, or QuickBooks. * Excellent communication and presentation skills. * Strong leadership and team management capabilities. * Ability to work under pressure and manage multiple priorities effectively. Personal Attributes * High level of integrity, professionalism, and confidentiality. * Detail-oriented with strong decision-making capabilities. * Self-motivated, proactive, and result-driven. Pay: AED14,000.00 - AED16,000.00 per month Work Location: In person