Job Title: Finance Manager

Ø  Position Overview

The Finance Manager is responsible for the overall financial management, control, reporting, and compliance of the company, ensuring alignment with UAE regulations, IFRS standards, and company governance policies, the role supports strategic decision-making, cost control, and financial sustainability across all operations (construction, transport, PMV, leasing, and projects).

Ø  Reporting Line

Ø  Reports To: Managing Director / General Manager

Ø  Level & Grade

• Level: Senior Management

• Grade: M4 / M5 (as per company grading structure)

Ø  Functional Coordination With:

o    CEO (Construction Operations Division)

o    HR & Admin Manager

o    Procurement Manager

o    Estimation Manager

o    QS Manager

o    PMV Manager

o    Project Managers

o    External Auditors & Banks

o    Leasing Manager

o    Asphalt Plant Manager

Ø  Key Roles & Responsibilities:-

A.    Financial Management & Control

• Lead and manage all financial operations of the company and group entities

• Develop financial strategies aligned with business objectives

• Ensure proper internal controls and financial governance

• Monitor cash flow, liquidity, and working capital

B.     Budgeting & Cost Control

• Prepare annual budgets, forecasts, and financial plans

• Monitor budget vs actual and report variances

• Control project costs (materials, manpower, equipment, subcontractors)

• Support cost-saving initiatives and financial efficiency

C.    Financial Reporting

• Prepare monthly, quarterly, and annual financial statements

• Ensure compliance with IFRS and UAE regulations

• Present financial performance reports to management

• Maintain accuracy of GL, ledgers, and financial records

D.    Project Finance & Construction Support

• Monitor project financial performance (cost vs revenue)

• Coordinate with QS, Planning, and Projects Team on cost tracking

• Review BOQs, project budgets, and variations

• Support claims, variation orders, and commercial evaluations

E.     Accounts & Treasury Management

• Oversee Accounts Payable, Receivable, Payroll, and Treasury

• Manage bank relationships, facilities, and financing

• Monitor collections and credit control

• Approve payments as per DOA

F.     Compliance & Audit

• Ensure compliance with:

  • UAE VAT regulations

  • Corporate Tax requirements

  • UAE Labour Law (financial aspects)

• Coordinate internal and external audits

• Maintain audit-ready financial documentation

G.    Risk Management

• Identify financial risks and implement mitigation strategies

• Monitor contractual and operational risks

• Ensure proper insurance coverage and financial safeguards

H.    Leadership & Team Management

• Lead Finance & Accounts team

• Develop team performance, KPIs, and training

• Ensure segregation of duties within finance function

Ø  Key Tasks (Operational)

• Review daily cash position and approve payments

• Approve supplier invoices and subcontractor payments

• Monitor project-wise cost reports

• Review payroll and WPS compliance

• Reconcile bank statements and financial accounts

• Prepare VAT filings and tax submissions

• Review LPOs, contracts, and financial commitments

• Track fixed assets and depreciation

• Follow up on receivables and collections

Ø  Types of Reports

A.    Internal Reports

• Monthly Financial Statements (P&L, Balance Sheet, Cash Flow)

• Budget vs Actual Report

• Project Cost Reports

• Cash Flow Forecast (Weekly/Monthly)

• Aging Reports (Receivables & Payables)

• Payroll Summary Reports

• Cost Control & Savings Reports

B.     External Reports

• VAT Returns (FTA)

• Corporate Tax Reports

• Audit Reports (External Auditors)

• Bank Reports & Facility Utilization

• Government Compliance Reports

Ø  Qualifications & Requirements

• Bachelor’s Degree in Finance / Accounting (Master’s preferred)

• Professional Certification (ACCA / CPA / CMA preferred)

• 10–15+ years experience (UAE construction/contracting mandatory)

• Strong knowledge of:

  • IFRS

  • UAE VAT & Corporate Tax

  • Construction costing & project finance

• ERP system experience (SAP, Oracle, etc.)

Ø  Workflow Position in Organization

Managing Director
→ General Manager / CEO
→ Finance Manager
→ Senior Accountant / Accountant / Cashier / AP / AR

Ø  Key Interfaces (Cross-Functional)

• Projects Team: Cost control & project budgets

• Procurement: Purchase approvals & cost validation

• HR: Payroll, EOSB, manpower cost

• PMV: Equipment cost & utilization