Finance Manager-Contracting
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About the Role
Job Title: Finance Manager Location: Al Quoz, Dubai, UAE Employment Type: Full-Time Job Summary We are seeking a highly skilled and experienced Finance Manager with a strong background in contracting/construction companies to lead and manage the financial operations of the organization.
Key Skills for This Role
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Job Summary
We are seeking a highly skilled and experienced **Finance Manager** with a strong background in contracting/construction companies to lead and manage the financial operations of the organization.
The ideal candidate will have extensive expertise in **project-based accounting, cost control, financial planning, cash flow management**, along with solid experience in **Letters of Credit (LCs) and contract financial management** within a contracting environment.
This role requires a strategic thinker capable of providing financial insights, ensuring regulatory compliance, and enhancing operational efficiency across multiple ongoing projects.
Key Responsibilitiesfinancial Management & Reporting
- Oversee preparation of accurate monthly, quarterly, and annual financial statements
- Ensure compliance with **IFRS** and UAE financial regulations
- Manage general ledger, accounts payable/receivable, and payroll
- Establish and maintain strong internal controls to safeguard company assets
Project Accounting & Cost Control
- Manage project accounting including budgeting, cost allocation, and revenue recognition
- Monitor job costing, project profitability, and margin analysis
- Track and report **Work-in-Progress (WIP)** accurately
- Oversee progress billing, variations, and retention accounting
- Work closely with project teams to control costs and improve financial outcomes
Lc Management & Contract Finance
- Handle **Letters of Credit (LCs)** including issuance, amendments, documentation, and compliance with banking requirements
- Coordinate with banks, suppliers, and clients for LC processing and settlements
- Review and manage financial aspects of contracts, including payment terms, milestones, and risk clauses
- Ensure proper accounting and tracking of contract-related revenues and obligations
- Support commercial and procurement teams in contract negotiations from a financial perspective
Budgeting & Financial Planning
- Lead annual budgeting and periodic forecasting
- Develop financial models for project feasibility and strategic planning
- Analyze financial performance and provide recommendations to management
Cash Flow & Working Capital Management
- Monitor and manage cash flow to ensure project liquidity
- Optimize working capital (receivables, payables, inventory)
- Ensure timely collections from clients and manage supplier payments
Compliance & Audit
- Liaise with auditors, tax consultants, and regulatory authorities
- Ensure compliance with **UAE VAT regulations** and statutory requirements
- Prepare audit schedules and support audit processes
Leadership & Team Management
- Lead and develop the finance team
- Set KPIs and drive accountability
- Promote continuous improvement and professional development
Requirements
- Chartered Accountant (CA) or Master’s degree in Finance/Accounting
- 10–15 years of progressive finance experience
- Minimum 5 years in a Finance Manager / Finance Controller role
- Mandatory experience in **contracting, construction, façade, aluminum, or related industries**
- Strong expertise in:
- Project accounting & job costing
- WIP accounting & revenue recognition
- Progress billing, variations, and retention
- **Letters of Credit (LCs) and contract financial management**
- Experience with ERP systems (SAP, Oracle, Tally, etc.)
- Strong knowledge of IFRS and UAE VAT
- Excellent analytical and leadership skills
- Ability to work in a fast-paced environment
- Fluent in English
- Pay: AED14,000.00 - AED16,000.00 per month
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