Senior Finance Officer

Job Summary

Location and Department

• The role is based in Abu Dhabi.
• The position belongs to the Accounts/Finance department.

Banking and Treasury Management

• Manage banking relationships and act as the main contact for banking matters.
• Handle term loans, overdrafts, guarantees, and other financial instruments.
• Monitor cash flow, liquidity, and fund utilization.
• Maintain registers for bank guarantees, performance and advance-payment bonds, and letters of credit.
• Manage corporate insurance policies, renewals, project coverage, and claims coordination.
• Monitor banking covenants and prepare information for banks and financial institutions.

Financial Reporting and Analysis

• Prepare P&L, balance sheet, and cash flow statements.
• Provide financial insights to support decisions by the Chairman and management.
• Conduct variance analysis and comment on financial results.
• Prepare monthly MIS packs and dashboards covering project profitability, ageing, and financial KPIs.
• Manage month-end and year-end close, including accruals, prepayments, provisions, intercompany balances, and reconciliations.

Budgeting and Financial Modeling

• Develop, monitor, and update annual budgets and periodic forecasts.
• Create financial models for project costing, investment analysis, and scenario planning.
• Prepare project estimates covering direct costs, overheads, contingencies, escalation, and target margins.
• Maintain estimation assumptions and historical cost benchmarks and update unit rates.
• Calculate manpower costs and maintain man-hour rates used in project estimates.
• Track project cost-to-complete and report estimated versus actual project and manpower costs.

Invoicing and Accounting

• Prepare invoices based on project progress and contractual milestones and follow up on receivables.
• Process supplier, subcontractor, and consultant payments against progress claims, retention, and advance recovery.
• Maintain the fixed asset register, including additions, disposals, depreciation, and physical verification.
• Oversee daily accounting functions and maintain accurate financial records.
• Process payroll and WPS transfers and maintain employee benefit accruals.
• Support audits, tax compliance, internal controls, licenses, registrations, and regulatory filings.

Chairman’s Accounts and Real Estate

• Handle the Chairman’s personal accounting matters confidentially.
• Manage cash flow, bank reconciliations, and statements for personal accounts.
• Maintain records of real estate assets, rental income, maintenance costs, renewals, and tenancy contracts.
• Coordinate with property agents, tenants, and service providers on asset-related matters.

Collaboration and Other Duties

• Work with project and operations teams to align financial planning with business goals.
• Advise the Chairman on financial implications and recommend solutions.
• Supervise the Senior Accountant, allocate workload, and provide coaching.
• Maintain accounting software and review contracts, tenders, and proposals for commercial risks.
• Handle ad hoc financial projects and tasks assigned by the Chairman.

Qualifications and Skills

• Bachelor’s degree in Accounting, Finance, or a related field; a master’s degree is preferred.
• ACCA, CMA, or ACA qualification, fully or part-qualified.
• Minimum eight years of relevant finance experience, ideally in the AEC industry.
• Strong knowledge of banking products, loan management, and financial negotiations.
• Proficiency in financial modeling and advanced Microsoft Excel.
• Experience with project costing, manpower costing, profitability analysis, UAE tax, WPS, IFRS, and accounting software.
• Ability to interpret commercial terms in contracts and tenders and identify financial risks.
• Prior experience supervising junior accounting staff.
• Excellent communication, analytical, problem-solving, and prioritization skills.
• Fluency in English; Arabic is an added advantage.