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Finance Manager
Maharat 71
Abu Dhabi, UAE
Full Time
Manager
Onsite
3 weeks ago
Financial ManagementProject CostingCash Flow ForecastingBanking InstrumentsTeam LeadershipExcel
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Financial ManagementProject CostingCash Flow Forecasting
About the Role
Maharat 71 seeks a Finance Manager with a construction background to oversee financial operations, including project costing, cash flow forecasting, and banking instruments. The role requires 5-7 years of financial management experience with at least 3 years in construction.
Key Skills for This Role
Financial ManagementProject CostingCash Flow ForecastingBanking InstrumentsTeam LeadershipExcel
Responsibilities
- Lead, mentor, and develop the finance and accounting team, fostering a culture of accountability and high performance
- Partner with Project Managers, Commercial Directors, and Executives to provide financial clarity and drive project profitability
- Oversee the preparation of timely and accurate monthly, quarterly, and annual financial statements
- Manage the end to end process for bank letters, letters of credit (LCs), bank guarantees, and performance/bid bonds
- Maintain strong relationships with commercial banks and financial institutions to secure competitive rates and facilities
- Ensure compliance with all banking covenants and timely release/reduction of expired bonds and guarantees
- Monitor project by project cash flows, recognizing unique capital constraints and milestone based payment structures
- Oversee Work in Progress (WIP) models, revenue recognition (Percentage of Completion), and cost to complete forecasting
- Manage working capital efficiently, tracking sub contractor payments, retention payables, and client invoicing/receivables
- Assess financial risks associated with ongoing and upcoming construction projects
- Ensure strict compliance with local tax laws, industry regulations, and internal controls
- Coordinate internal and external audit processes
Requirements
- Minimum of 5–7 years of financial management experience
- At least 3+ years within the Construction sector (is a plus)
- Proven track record in a leadership or supervisory role, managing accounting teams and collaborating with project operations
- Demonstrated experience handling complex banking facilities (Bonds, Guarantees, LCs) and navigating bank credit committees
- Deep understanding of accounting principles (e.g., WIP, revenue recognition, retention, and variations)
- Advanced proficiency in accounting systems and expert level Excel skills
- Strong negotiation and communication skills
- Bachelor’s degree in Accounting, Finance, or a related field
- Professional certification such as CPA, CMA, ACCA, or CA is highly preferred
Full Job Posting
Job Summary
- We are seeking a highly skilled and strategic Finance Manager with a solid background in the Construction industry to oversee our financial operations.
- In this role, you will not only lead our finance team but also serve as a critical bridge between project management and executive leadership.
- The ideal candidate will possess deep expertise in construction financial mechanics, including project costing, cash flow forecasting, and the management of complex banking instruments.
Financial Leadership & Team Management
- Lead, mentor, and develop the finance and accounting team, fostering a culture of accountability and high performance.
- Partner with Project Managers, Commercial Directors, and Executives to provide financial clarity and drive project profitability.
- Oversee the preparation of timely and accurate monthly, quarterly, and annual financial statements.
Banking Instruments & Treasury Management
- Manage the end to end process for bank letters, letters of credit (LCs), bank guarantees, and performance/bid bonds.
- Maintain strong relationships with commercial banks and financial institutions to secure competitive rates and facilities.
- Ensure compliance with all banking covenants and timely release/reduction of expired bonds and guarantees to optimize borrowing capacity.
Construction Project Control & Cash Flow
- Monitor project by project cash flows, recognizing the unique capital constraints and milestone based payment structures of major construction projects.
- Oversee Work in Progress (WIP) models, revenue recognition (Percentage of Completion), and cost to complete forecasting.
- Manage working capital efficiently, tracking sub contractor payments, retention payables, and client invoicing/receivables.
Risk Management & Compliance
- Assess financial risks associated with ongoing and upcoming construction projects.
- Ensure strict compliance with local tax laws, industry regulations, and internal controls.
- Coordinate internal and external audit processes.
Role Requirements & Qualifications
- Minimum of 5–7 years of financial management experience, with at least 3+ years within the Construction sector (is a plus).
- Proven track record in a leadership or supervisory role, managing accounting teams and collaborating with project operations.
- Demonstrated experience handling complex banking facilities (Bonds, Guarantees, LCs) and navigating bank credit committees.
- Deep understanding of accounting principles (e.g., WIP, revenue recognition, retention, and variations).
- Advanced proficiency in accounting systems and expert level Excel skills.
- Strong negotiation and communication skills, with the ability to translate complex financial data for non finance stakeholders.
- Bachelor’s degree in Accounting, Finance, or a related field.
- Professional certification such as CPA, CMA, ACCA, or CA is highly preferred.
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