Project Finance Manager (Finance Controller)

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 Budgeting & Cost Control 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 Project Cashflow Management 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. 3. Contractual Financial Support (VO & Claims) 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. Reporting & Governance Prepare the Monthly Project Financial Report (PFR) for management review. Update commitments, accruals, and cost-to-date in ERP and reporting tools. Ensure compliance with company policies, audit requirements, and documentation standards. Procurement & Subcontractor Financial Control Validate subcontractor invoices and progress statements. Evaluate financial impact of subcontractor cost changes and scope changes. Review and recommend approval of purchase orders from a financial perspective. Project Stakeholder Collaboration Work closely with Project Director, Planning, QS, Contracts, Procurement, and Site teams. Provide financial insights for decision-making and risk mitigation.

• Bachelor's degree in Finance, Accounting, Engineering, Economics, or related field.
• 7-12 years of experience in project finance or cost control within construction/EPC.
• Strong understanding of VO/claims, cost control methodologies, cashflow forecasting, and EAC.
• Advanced Excel skills; ERP experience (SAP, Oracle, JD Edwards, IFS, or similar).
• GCC experience is an advantage; strong analytical and communication skills.
• Competencies Financial analysis & modelling Cost control & budgeting Cashflow management Contract awareness (FIDIC or equivalent) High attention to detail Ability to work under pressure and tight deadlines