naukri
Project Finance Manager (Finance Controller)
Client of EWI Recruitment
Riyadh, KSA
Manager
2 weeks ago
BudgetingCost ControlCashflow ManagementFinancial ReportingERPVariation Orders
Free
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BudgetingCost ControlCashflow Management
About the Role
Role Purpose The Project Finance Manager is responsible for end to end financial oversight of construction/EPC project, including budgeting, cost control, forecasting, cashflow.
Key Skills for This Role
BudgetingCost ControlCashflow ManagementFinancial ReportingERPVariation Orders
Responsibilities
- Develop and maintain project budget, cost codes, and WBS structure
- Track actual costs vs. budget and investigate variances
- Prepare EAC and ETC forecasts monthly
- Prepare and update project cashflow forecast
- Support preparation and evaluation of Variation Orders
- Prepare Monthly Project Financial Report for management review
- Validate subcontractor invoices and progress statements
- Provide financial insights for decision making and risk mitigation
Requirements
- Experience in end to end financial oversight of construction/EPC projects
- Strong knowledge of budgeting, cost control, and cashflow management
- Proficiency in ERP and reporting tools
- Experience with variation orders and claims support
- Ability to collaborate with project teams and stakeholders
Full Job Posting
Role Purpose
- The Project Finance Manager is responsible for end to end financial oversight of construction/EPC project, including budgeting, cost control, forecasting, cashflow management, variation orders, claim support, and financial reporting.
- The role ensures project margin protection and supports the Project Director with data driven decision making.
Key Responsibilities
- Develop and maintain the project budget, cost codes, and WBS structure.
- Track actual costs vs. budget and investigate variances.
- Prepare EAC (Estimate at Completion) and ETC (Estimate to Complete) monthly.
- Ensure accurate cost allocation for materials, subcontractors, equipment, and manpower.
- Prepare and update the project cashflow forecast (cash in / cash out).
- Coordinate with QS and Contracts on Interim Payment Certificates (IPC) to the client.
- Monitor retention, advance recovery, milestone payments, and subcontractor payments.
- Support the preparation and evaluation of Variation Orders (VOs).
- Provide financial assessments for delay, disruption, and extension of time claims.
- Ensure all executed works are properly captured and invoiced.
- Prepare the Monthly Project Financial Report (PFR) for management review.
- Update commitments, accruals, and cost to date in ERP and reporting tools.
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