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indeed

Finance Manager-Contracting

Euro Systems LLC
Al Quoz, UAE
Fulltime
Mid-Senior
AED 14,000/month
2 months ago
Financial Planning and Analysis (FP&A)Budgeting and ForecastingFinancial ReportingCash Flow ManagementTreasury ManagementCost Accounting
Free

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Financial Planning and Analysis (FP&A)Budgeting and ForecastingFinancial Reporting
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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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