Finance Manager

Aarvi Encon; Dubai; On-site; AED 350,000 - 650,000; Full time

Job summary

Aarvi Encon seeks an experienced Project Financial Controller to lead the financial performance of live contracting projects in Dubai. You will establish budgets, monitor cost-to-complete forecasts, and drive cash flow visibility across projects, ensuring timely billing and issue resolution.

You will manage contract controls, support variations, and provide actionable financial guidance to senior management, coordinating with operations and commercial teams in a mid-size contracting environment.

Qualifications

• Strong hands-on project finance and cost control expertise.
• Deep understanding of contracting cash flow and margin management.
• Practical knowledge of construction contracts (FIDIC preferred).
• Commercial mindset with strong attention to detail.
• Ability to operate independently and make fast, informed decisions.
• Bachelor's degree in Finance, Accounting, or related field.
• Professional qualification (CA / CPA / ACCA / CMA) preferred.

Responsibilities

• Own financial performance of all live contracting projects
• Establish and control project budgets, cost tracking, and cost-to-complete forecasts
• Monitor margins, overhead recovery, and project profitability on a real-time basis
• Intervene early on cost overruns and margin slippage
• Review cost to complete with budgets and highlight variance to management/ CEO
• Monitor uncertified work on monthly basis for prompt billing and clearance
• Highlight all long outstanding uncertified work to management/ CEO
• Drive timely submission of interim payment applications, variations, and final accounts
• Closely track certifications, invoicing, collections, and retention recovery
• Support financial evaluation of variations, claims, and prolongation costs
• Maintain rolling project cash flow forecasts and funding visibility
• Review contract terms impacting cash flow, penalties, retentions, and claims exposure
• Support negotiations on variations, settlements, and dispute resolutions
• Ensure financial alignment between main contracts and subcontract agreements
• Prepare concise monthly project and divisional financial reports for management
• Ensure accurate WIP, accruals, and provisions with minimal reliance on head office layers
• Maintain practical internal controls suitable for a mid-size contracting environment
• Coordinate audits and statutory reporting with external advisors
• Lead annual budgets and quarterly forecasts for the contracting division
• Review tender pricing, margin assumptions, and cash flow profiles
• Highlight financial risks and downside scenarios in bids
• Lead a lean finance team supporting projects and head office
• Act as a trusted financial partner to Operations, Commercial, and Project teams
• Provide clear, actionable financial advice to senior management
• Identify financial, contractual, and commercial risks early
• Ensure appropriate provisioning for claims, disputes, and cost overruns
• Strengthen financial discipline and accountability across projects

Skills

Project finance

Cost control

Cash flow

Budgeting

WIP management

Variance management

FIDIC contracting

Education

Bachelor's in Finance/Accounting

CA / CPA / ACCA / CMA preferred

Job description

Project Financial Control

• Own financial performance of all live contracting projects
• Establish and control project budgets, cost tracking, and cost-to-complete forecasts
• Monitor margins, overhead recovery, and project profitability on a real-time basis
• Intervene early on cost overruns and margin slippage
• Review cost to complete with budgets and highlight variance to management/ CEO
• Monitor uncertified work on monthly basis for prompt billing and clearance.
• Highlight all long outstanding uncertified work to management/ CEO

2. Billing, Claims & Cash Flow

• Drive timely submission of interim payment applications, variations, and final accounts
• Closely track certifications, invoicing, collections, and retention recovery
• Support financial evaluation of variations, claims, and prolongation costs
• Maintain rolling project cash flow forecasts and funding visibility

3. Commercial & Contract Support

• Review contract terms impacting cash flow, penalties, retentions, and claims exposure
• Support negotiations on variations, settlements, and dispute resolutions
• Ensure financial alignment between main contracts and subcontract agreements

4. Financial Reporting & Governance

• Prepare concise monthly project and divisional financial reports for management
• Ensure accurate WIP, accruals, and provisions with minimal reliance on head office layers
• Maintain practical internal controls suitable for a mid-size contracting environment
• Coordinate audits and statutory reporting with external advisors

5. Budgeting, Forecasting & Tender Support

• Lead annual budgets and quarterly forecasts for the contracting division
• Review tender pricing, margin assumptions, and cash flow profiles
• Highlight financial risks and downside scenarios in bids

6. Leadership & Business Partnering

• Lead a lean finance team supporting projects and head office
• Act as a trusted financial partner to Operations, Commercial, and Project teams
• Provide clear, actionable financial advice to senior management

7. Risk Management

• Identify financial, contractual, and commercial risks early
• Ensure appropriate provisioning for claims, disputes, and cost overruns
• Strengthen financial discipline and accountability across projects

Skills, Experience & Educational Requirements

• Strong hands-on project finance and cost control expertise
• Deep understanding of contracting cash flow and margin management
• Practical knowledge of construction contracts (FIDIC preferred)
• Commercial mindset with strong attention to detail
• Ability to operate independently and make fast, informed decisions
• Bachelors degree in Finance, Accounting, or related field
• Professional qualification (CA / CPA / ACCA / CMA) preferred
• 10–15 years of experience in construction contracting finance
• Proven experience managing multiple live projects in a mid-size contractor
• Middle East contracting experience preferred