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• In close cooperation with Project Manager and Operations Head this function will establish Project budgeting and analyze monthly project profitability and cash flow
• Support Business decision process by providing sound Business Case Analysis and prepare analytical reports in support of Projects Performance Management
• Responsible for validating POC of projects and validating CTC (Cost –to-complete) analysis in coordination with Project Team
• Monthly project reviews addressing projects profitability and cash flow compared to Budget as well as any deviation that might impact project profitability and viability. This includes among others, productivity analysis, regular review of WIP, tracking Bank Guarantees / LCs in coordination with the Treasury Team
• Provide guidance to improve project’s cash flow focusing on activities impacting Working Capital Management and WIP accounts in view of improving Free Cash Flow (FCF)
• Liaison with the external auditors and internal audit teams in implementing audit Recommendations.
• Provide support for preparing Business Plan & Variance Analysis and Risk and Opportunities
• Monitor Billing cycle to reduce WIP
• Maintain historical cost trend for estimations and tenders
OPERATIONAL ENVIRONMENT
• This function is directly linked to the project profitability of AFE&T
• AFE&T’s activity spans over UAE, Qatar and KSA with expansion plans over most of the GCC Region
• This function is exposed to highly sensitive and confidential information
Support& Assist Finance Management in
• Budgeting Exercise
• Forecasting/Strategic Planning
• Project Accounting, Monthly Book Closure
• Other Business presentations to management etc
• Intercompany dealing of Accounts receivable & Accounts payable
• Track on Accounts Receivable
Support & Assist Operations Heads and Project Managers
• Project costing
• Project profitability and performance measures
• Support in identifying productivity improvement opportunities
• Timely reviewing variances and Project P&L implications
• Support in claim management
Project Cost & Project Revenue controls
• Review of detailed Project Costs, revision of estimates, propose changes and improvements
• Assist in Monthly revenue recognition and ensure all revenue controls in place to avoid any revenue leakage –workings on IFRS/loss making contracts etc
• Project Cash Flow forecasts an actuals
Required Skills to be successful
• Position requires strong communication skills, analytical abilities, detailed approach, hands on experience in Microsoft advance excel & reporting
• Hands on experience on SAP
• Knowledge of International Accounting Standards & IFRS
• Good Command of English, Arabic language is an asset
Full Time