CFO

Ignite Search & Selection; Abu Dhabi; On-site; AED 300,000 - 400,000; Full time

Job summary

A leading recruitment agency is seeking a Financial Manager with extensive experience in the construction sector. The role includes developing financial strategies, overseeing accounting operations, and ensuring effective cash flow management. Candidates should have a Bachelor’s degree and preferably an MBA or CPA, along with in-depth knowledge of construction accounting principles and strong leadership skills.

Qualifications

• 10-15 years of financial management experience, with at least 10 years in construction.
• In-depth knowledge of construction-specific accounting principles.
• Strong understanding of construction contracts and regulations.

Responsibilities

• Develop and implement financial strategies for construction projects.
• Oversee job costing and revenue recognition.
• Prepare financial reports for stakeholders.

Skills

Construction accounting knowledge

Financial strategy development

Cash flow management

Analytical skills

Leadership

Education

Bachelor’s degree in Finance or Accounting

MBA or CPA preferred

Tools

Construction-specific financial software

Job description

The Role

Responsibilities

• Financial Strategy and Planning: Develop and implement financial strategies aligned with the company’s short-term and long-term goals. This includes budgeting, forecasting, and economic modeling specific to construction projects.
• Construction Accounting: Oversee all accounting operations, ensuring adherence to construction-specific accounting principles and regulations. This involves managing job costing, revenue recognition, and project-based accounting.
• Cash Flow Management: Implement strategies to optimize cash flow, considering construction projects’ unique payment cycles and capital requirements.
• Risk Management: Identify, assess, and mitigate financial risks specific to the construction industry, including contract risks, bonding requirements, and insurance considerations.
• Project Financial Oversight: Work closely with project managers to ensure accurate financial tracking and reporting for individual construction projects.
• Technology Integration: Evaluate and implement financial technology solutions that cater to the specific needs of the construction industry.
• Stakeholder Communication: Prepare and present financial reports and analyses to company leadership, board members, and potential investors, translating complex financial data into actionable insights.

Qualifications

• Bachelor’s degree in Finance, Accounting, or related field; MBA or CPA preferred
• Minimum of 10-15 years of financial management experience, with at least 10 years in the construction industry
• In-depth knowledge of construction accounting principles, job costing, and project-based financial management
• Strong understanding of construction contracts, bonding, and industry-specific regulations
• Proficiency in construction-specific financial software and ERP systems
• Excellent analytical and problem-solving skills, with the ability to make data-driven decisions
• Strong leadership and communication skills, with the ability to collaborate across departments

About the company

Ignite Search & Selection is a leading Recruitment Agency in the Middle East. Ignite's team of specialist recruiters now works across a range of sectors including Legal, Digital / Technology, Retail / FMCG, Construction and Engineering. We pride ourselves on given both clients and candidates expert market knowledge in our chosen sectors. We value getting a detailed understanding of our clients and candidates expectations to find the perfect fit for all parties.