Finance Manager – RVI

Job title: Finance Manager – RVI

Company: Talent Pal


Job description: We are seeking a talented and vibrant Finance Manager to join our dynamic team in the design and construction industry. The ideal candidate will bring expertise in financial planning, project budgeting, cost management, and payroll administration. You will play a pivotal role in overseeing financial reporting, managing cash flow, and ensuring compliance with industry regulations. If you are detail-oriented, proactive, and thrive in a fast-paced environment, we would love to hear from you!Key Responsibilities:

• Financial Planning & Analysis:
• Develop, implement, and maintain financial forecasting models for projects.
• Analyze project costs and profitability; prepare regular financial reports for senior management.
• Monitor cash flows and ensure proper budgeting and forecasting.
• Review and analyze financial risks related to ongoing projects.
• Conduct profitability analysis for projects and identify areas for cost savings.
• Support senior management in financial planning and investment decisions.
• Budgeting and Cost Control:
• Prepare the annual budget and monitor project budgets, including labor, materials, and overheads.
• Ensure accurate tracking and reporting of construction and design project costs.
• Monitor cost overruns and recommend corrective actions.
• Work with project managers to manage project finances and ensure alignment with approved budgets.
• Analyze budget variances and provide recommendations for cost control and efficiency improvements.
• Project Accounting:
• Oversee the accounting for all project-related financial activities.
• Track project revenue, expenses, and profitability by project phase or milestone.
• Prepare project-specific financial statements and analysis for client presentations.
• Financial Reporting:
• Generate monthly, quarterly, and annual financial reports, including profit & loss (P&L) statements, balance sheets, and cash flow statements.
• Prepare and present financial reports for project managers, executives, and external stakeholders.
• Ensure all financial reporting complies with accounting standards, company policies, and legal requirements.
• Cash Flow Management:
• Manage the company’s cash flow, ensuring adequate liquidity to meet operational and project-related needs.
• Prepare cash flow forecasts and highlight potential funding shortfalls.
• Oversee payments to vendors, subcontractors, and other stakeholders.
• Payroll Management:
• Oversee the timely and accurate processing of payroll for all employees, including permanent and contract staff.
• Ensure compliance with local labor laws, tax regulations, and company policies regarding payroll.
• Manage deductions, benefits, bonuses, and other compensation-related items.
• Maintain accurate payroll records and ensure confidentiality of employee information.
• Accounts Payable and Receivable:
• Oversee the processing of invoices, payments, and receipts to ensure timely transactions.
• Monitor accounts receivable and collaborate with clients and project teams to manage payments.
• Review and reconcile supplier accounts and handle any discrepancies or disputes.
• Audit and Compliance:
• Ensure compliance with local, state, and federal tax regulations.
• Liaise with external auditors during annual audits and ensure timely resolution of audit queries.
• Ensure adherence to financial laws and guidelines governing the construction industry.
• Procurement and Contract Support:
• Review procurement processes to ensure cost-effectiveness and adherence to project budgets.
• Assist in contract preparation, ensuring financial terms align with the company’s objectives.
• Ensure accurate tracking of contracts, retention releases, and payment milestones.
• Contract and Vendor Management:
• Review financial aspects of contracts with clients, contractors, and suppliers.
• Negotiate payment terms and ensure timely payments while maintaining positive cash flow.
• Manage vendor relationships, payments, and pricing agreements.
• Risk Management:
• Identify financial risks related to projects and develop mitigation strategies.
• Ensure adequate insurance coverage for company assets and project liabilities.
• Funding Acquisition:
• Work with banks and financial institutions to secure funding for projects, including loans, lines of credit, and other financing options.
• Prepare financial documentation and proposals required for funding applications.
• Negotiate financing terms and maintain relationships with financial partners.

Qualifications and Requirements:

• Education: Bachelor’s degree in Finance, Accounting, Economics, or related field.
• Professional Qualifications: CPA, ACCA, or equivalent certification preferred.
• Experience: Minimum of 6-8 years of experience in a finance role, ideally within the design, construction, or real estate industry.
• Knowledge:
• Strong understanding of construction project finances, including budgeting, cost management, and financial reporting.
• Familiarity with accounting software (e.g., QuickBooks, SAP, or similar).
• Knowledge of relevant tax regulations and compliance standards.
• Skills:
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Proficiency in Microsoft Excel and other financial analysis tools.
• Ability to manage multiple tasks and deadlines in a dynamic environment.

Key Competencies:

• Attention to detail and accuracy in financial reporting.
• Strong organizational and time-management skills.
• Ability to work independently and as part of a team.
• Ability to collaborate effectively with project teams and senior management.
• High level of integrity and ethical standards.

Job Type: Full-timeExperience:

• Finance Manager: 6 years (Required)

This job has been sourced from an external job board.
More jobs on https://www.qureos.com/

Expected salary:

Location: Muscat

Job date: Wed, 13 Nov 2024 05:27:59 GMT

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