Finance Controller – Projects
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Key skills for this role
About the Role
Oversee financial planning, budgeting, cost control, and compliance for industrial projects, ensuring effective cash flow and risk management.
Key Skills for This Role
Responsibilities
- Develop project budgets, forecasts, and financial plans
- Monitor project costs, revenues, and profitability throughout the project lifecycle
- Analyze budget variances and recommend corrective actions
- Maintain accurate project accounting records and cost allocations
- Prepare monthly project financial reports, management accounts, and performance dashboards
- Track labor, material, subcontractor, equipment, and overhead costs
- Prepare project cash flow forecasts and funding requirements
- Review project contracts and identify financial risks
- Ensure compliance with Saudi Arabian financial regulations, VAT, ZATCA requirements, and company policies
- Coordinate external and internal audits
Requirements
- Bachelor's Degree in Finance, Accounting, Commerce, or related field
- Professional qualification preferred: CPA, ACCA, CMA, or CA
- Minimum 8–15 years of finance and accounting experience
- At least 5 years in Project Finance Control within Industrial Coatings, Corrosion Protection, Oil & Gas, Petrochemical, EPC Projects, or Construction & Industrial Services
- Strong experience in Saudi Arabia and GCC markets
- Experience handling multi million SAR projects
- Fluency in English; Arabic is an advantage
Full Job Posting
Position Summary
- The Finance Controller – Projects is responsible for overseeing all financial aspects of project operations, ensuring effective financial planning, budgeting, cost control, reporting, compliance, and risk management across multiple industrial coating and corrosion protection projects.
Key Responsibilities
- Develop project budgets, forecasts, and financial plans.
- Monitor project costs, revenues, and profitability throughout the project lifecycle.
- Analyze budget variances and recommend corrective actions.
- Ensure financial resources are utilized efficiently.
- Maintain accurate project accounting records and cost allocations.
- Prepare monthly project financial reports, management accounts, and performance dashboards.
- Monitor project KPIs, cost to complete analysis, and earned value metrics.
- Coordinate project audits and financial reviews.
- Track labor, material, subcontractor, equipment, and overhead costs.
- Review purchase orders, subcontract agreements, and payment applications.
- Monitor project margins and identify opportunities for cost optimization.
- Ensure proper cost coding and project cost control procedures.
Cash Flow & Working Capital Management
- Prepare project cash flow forecasts and funding requirements.
- Monitor accounts receivable and project collections.
- Coordinate with clients regarding payment certifications and invoicing.
- Manage working capital requirements and cash utilization.
Commercial & Contract Support
- Review project contracts and identify financial risks.
- Support variation orders, claims, change orders, and commercial negotiations.
- Ensure compliance with contract terms and payment schedules.
- Assist project teams in financial evaluation of bids and tenders.
Compliance & Governance
- Ensure compliance with Saudi Arabian financial regulations, VAT, ZATCA requirements, and company policies.
- Coordinate external and internal audits.
- Maintain strong internal controls and financial governance procedures.
- Ensure adherence to IFRS accounting standards.
Risk Management
- Identify financial and commercial risks associated with projects.
- Develop mitigation strategies and monitor risk exposure.
- Support project management teams in financial decision making.
Leadership & Stakeholder Management
- Partner with Project Managers, Operations Managers, Procurement, and Executive Management.
- Lead and mentor finance and project accounting teams.
- Present financial performance reports to senior management.
Required Qualifications
- Bachelor's Degree in Finance, Accounting, Commerce, or related field.
- Professional qualification preferred: CPA, ACCA, CMA, CA.
- MBA (Finance) is an advantage.
Experience Requirements
- Minimum 8–15 years of finance and accounting experience.
- At least 5 years in Project Finance Control within Industrial Coatings, Corrosion Protection, Oil & Gas, Petrochemical, EPC Projects, or Construction & Industrial Services.
- Strong experience in Saudi Arabia and GCC markets.
- Experience handling multi million SAR projects.
Technical Skills
- Project Cost Control
- Budgeting & Forecasting
- Project Accounting
- Financial Reporting
- IFRS Compliance
- Cash Flow Management
- Contract & Commercial Analysis
- Risk Management
- Internal Controls
- VAT & ZATCA Compliance
- Financial Modeling
- Cost to Complete Analysis
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