Job Summary
The Finance Controller oversees all financial operations of the construction company, ensuring accurate project costing, strong internal controls, regulatory compliance, and strategic financial planning. The role involves managing accounting functions, budgeting, forecasting, and providing financial insights to support project and corporate decision-making.
Key Responsibilities
Financial Management & Reporting
- Oversee daily accounting operations, including accounts payable, receivable, payroll, and general ledger.
- Prepare accurate monthly, quarterly, and annual financial statements and management reports.
- Monitor cash flow, working capital, and liquidity for ongoing and upcoming projects.
- Ensure compliance with local financial regulations, taxation, and statutory audit requirements.
Project Accounting & Cost Control
- Develop and maintain cost-tracking systems for multiple projects.
- Review project budgets, cost estimates, and forecasts with project managers.
- Analyze variances between actual and budgeted costs, providing recommendations for corrective action.
- Manage job costing, progress billing, retention, and subcontractor payments.
Budgeting & Forecasting
- Lead annual budget preparation and periodic forecasting.
- Work with project and operations teams to align budgets with project schedules and resource plans.
- Identify financial risks and opportunities for cost optimization.
Internal Controls & Compliance
- Implement and maintain robust financial controls to safeguard company assets.
- Oversee internal audits and ensure compliance with corporate governance policies.
- Liaise with external auditors, tax advisors, and regulatory agencies.
Strategic Planning & Leadership
- Provide financial insights to senior management for decision-making and long-term planning.
- Support bid and tender evaluations through financial feasibility studies.
- Supervise, mentor, and develop finance team members.
- Contribute to ERP implementation or system enhancements to improve financial visibility and efficiency.
Qualifications & Requirements
Education & Certification
- Bachelor’s degree in Accounting, Finance, or a related field (Master’s preferred).
- Professional certification such as CPA, ACCA, or CA strongly preferred.
Experience
- Minimum 8–10 years of experience in accounting or financial management, with at least 3–5 years in the construction industry.
- Proven experience in project accounting, cost control, and contract management.
- Familiarity with construction-specific ERP systems (e.g., SAP, Oracle, or Sage Construction).
Skills
- Strong understanding of construction finance principles (WIP reporting, progress billing, retention, cost allocation).
- Excellent analytical, organizational, and problem-solving skills.
- Proficiency in Microsoft Excel and financial modeling.
- Strong communication and leadership abilities.
- Ability to manage multiple projects and deadlines in a fast-paced environment.
Key Performance Indicators (KPIs)
- Accuracy and timeliness of financial reports.
- Budget variance percentage per project.
- Cash flow forecast accuracy.
- Audit compliance and control effectiveness.
- Cost efficiency improvements year-over-year.