Project Financial, Specialist
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Key skills for this role
About the Role
MASTER-WORKS subsidiary Jadaya is seeking a Project Financial Specialist to manage financial aspects of projects within the PMO, including budgeting, forecasting, and financial reporting.
Key Skills for This Role
Responsibilities
- Develop and implement cost control policies and procedures to monitor and manage project expenditures
- Work closely with Portfolio/Program/Project Managers and owners to prepare project budgets, forecast costs, and ensure financial resources are used efficiently
- Monitor project spending against budgets, timeline, resource allocation and forecasts, identifying variances and recommending corrective actions
- Prepare financial reports for project stakeholders, highlighting cost performance and trends
- Collaborate with finance departments to manage project related contracts, Invoices, and Certificates of Completion (CoC’s), through designated systems
- Implement financial risk management mitigation plans to minimize project cost overruns
- Advise project teams on cost saving measures and financial best practices
- Resolve project financial issues in collaboration with various departments and teams
Requirements
- Bachelor's degree in Finance, Accounting, Economics, Business Administration, or a related field
- Minimum of 4 years of experience in project finance, financial analysis, or financial management within projects
- Proficiency in analyzing financial data, developing accurate forecasts, and evaluating project viability
- Expert in developing, managing, and monitoring project budgets
- Expert in accurately estimating project costs and proactively identifying potential financial risks
- Proficiency in accounting principles and data analysis techniques
- Strong reporting skills
- Expertise in accounting tools and project budget management
Full Job Posting
Overview
- Our subsidiary (Jadaya) is seeking a Project Financial, Specialist who is responsible for managing the financial aspects of projects within the PMO.
- This role involves budgeting, forecasting, financial reporting, and ensuring compliance with financial policies and procedures.
- The Project Financial Professional will work closely with PMO Operations, Program Management and project managers and stakeholders to monitor project financial performance, identify variances, and implement corrective actions.
Key Responsibilities
- Develop and implement cost control policies and procedures to monitor and manage project expenditures.
- Work closely with Portfolio/Program/Project Managers and owners to prepare project budgets, forecast costs, and ensure financial resources are used efficiently.
- Monitor project spending against budgets, timeline, resource allocation and forecasts, identifying variances and recommending corrective actions.
- Prepare financial reports, collect and analyzes for project stakeholders, highlighting cost performance and trends.
- Collaborate with finance departments to manage project related contracts, Invoices, and Certificates of Completion (CoC’s), through designated systems.
- Implement financial risk management mitigation plans to minimize project cost overruns.
- Advise project teams on cost saving measures and financial best practices.
- Resolve project financial issues in collaboration with various departments and teams.
Requirements
- Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or a related field, or MBA or Master's in Finance is often preferred.
- Professional certifications in Project and Program Management (such as: PMP, PRINCE2) or equivalent certification is preferred.
- Minimum of 4 years of experience in project finance, financial analysis, or financial management within projects.
- Proficiency in analyzing financial data, developing accurate forecasts, and evaluating project viability to inform strategic decision making.
- Expert in developing, managing, and monitoring project budgets to ensure effective financial control and alignment with project objectives.
- Expert in accurately estimating project costs and proactively identifying potential financial risks to ensure informed budgeting and resource allocation.
- Proficiency in accounting principles and data analysis techniques.
- Strong reporting skills, preparing comprehensive financial reports, and effectively presenting findings.
- Expertise in accounting tools and project budget management.
Job Location
- Client Site
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