Finance Manager

Finance Manager Construction Industry

• Develop and implement financial strategies aligned with company growth objectives
• Advise top management on financial performance, investments, and risk exposure
• Support expansion decisions (new projects, joint ventures, acquisitions)

2. Project Financial Management

• Oversee financial planning for multiple construction projects simultaneously
• Review and approve project budgets, forecasts, and cost reports
• Monitor project margins and ensure profitability throughout the project lifecycle
• Ensure accurate

  Work in Progress (WIP)

  and

  percentage-of-completion

  reporting

3. Budgeting & Forecasting

• Lead annual budgeting and long-term financial forecasting
• Conduct variance analysis (budget vs actual) and implement corrective actions
• Support tendering and bidding with detailed cost and margin analysis

4. Cost Control & Profitability

• Establish cost control systems for labor, materials, subcontractors, and equipment
• Analyze cost overruns, claims, and variations
• Improve cost efficiency and reduce financial leakages

5. Cash Flow & Working Capital Management

• Manage cash flow planning at company and project level
• Oversee progress billing, retention money, and milestone payments
• Ensure timely collections from clients and payments to suppliers/subcontractors
• Maintain strong banking relationships and manage credit facilities

6. Financial Reporting & Compliance

• Prepare and review monthly, quarterly, and annual financial statements
• Ensure compliance with accounting standards, tax laws, and construction regulations
• Coordinate internal and external audits
• Maintain strong internal controls and governance systems

7. Contract & Claims Management

• Review financial terms of construction contracts
• Monitor financial impact of contract variations, claims, and disputes
• Work closely with legal and project teams on contractual risk mitigation

8. Risk Management

• Identify financial, contractual, and operational risks
• Develop mitigation strategies for cost overruns, delays, and client defaults
• Ensure adequate insurance coverage for projects

9. Team Leadership & Development

• Lead and mentor finance and accounting teams
• Allocate responsibilities and ensure high performance
• Improve finance processes through automation and ERP systems

10. Stakeholder & External Relations

• Liaise with banks, auditors, tax authorities, investors, and clients
• Support negotiations with suppliers and subcontractors
• Present financial reports to board members and senior executives

Key Skills Expected at 10+ Years Level

• Deep knowledge of

  construction accounting and project finance

• Strong leadership and decision-making ability
• Advanced financial modeling and forecasting
• Excellent understanding of contracts, claims, and risk
• Strong communication with technical and non-finance teams