*Potential HR is hiring on behalf of Deif Allah Group for an experienced Finance Manager to lead its financial and accounting operations within the General Contracting & Construction sector.*We are looking for an experienced Finance Manager to lead the company's financial and accounting operations, ensuring accurate financial reporting, effective cash flow management, project cost control, and proper financial governance.
The ideal candidate must have solid experience in the contracting and construction industry, particularly in project accounting, subcontractor payments, client collections, financial forecasting, and financial control.
Key Responsibilities
- * Lead the preparation of annual budgets and periodic financial forecasts.
- Establish and maintain appropriate accounting policies and financial controls.
- Manage and develop the Finance team, ensuring accountability and accuracy.
- Ensure proper segregation of financial responsibilities and controls.
- Oversee monthly financial closing and ensure accurate recording of revenues, expenses, and liabilities.
- Review journal entries, reconciliations, balances, and financial statements.
- Ensure proper recognition of completed but unbilled works and accrued financial obligations.
- Prepare periodic financial reports and highlight significant variances.
- Monitor actual and committed project costs against approved budgets.
- Analyze estimated costs at completion and project profitability.
- Maintain records of outstanding commitments and accrued project obligations.
- Identify cost overruns and margin deterioration, escalating risks to management.
- Review payment documentation and ensure compliance with approved commitments and authorizations.
- Oversee subcontractor accounts and payment reconciliations.
- Verify subcontractor payment documentation against contracts, approved commercial evaluations, engineering-certified quantities, and invoices.
- Monitor retention amounts, advance payment recovery, taxes, and deductions.
- Oversee the financial cycle of client payment applications, billing, and collections.
- Monitor accounts receivable, overdue balances, disputed amounts, and retention.
- Coordinate with Commercial and Projects teams to resolve collection delays.
- Track final accounts and outstanding client entitlements.
- Prepare rolling cash flow forecasts covering collections, payroll, suppliers, subcontractors, and tax obligations.
- Manage banking relationships and financial facilities within approved authority.
- Oversee treasury, bank accounts, guarantees, checks, and cash controls.
- Ensure segregation between cash custody, financial recording, review, and approval.
- Coordinate tax filings and external audit requirements.
- Monitor financial risks, liquidity exposure, and potential control weaknesses.
- Maintain confidentiality and proper access controls over financial records.
- Lead and develop the Finance team and ensure timely reporting.
Job REQUIREMENTS
- * Bachelor's degree in Accounting or Finance.
- Minimum 8 years of experience in financial management within the contracting or real estate industry.
- Proven experience leading financial closing, liquidity management, project costing, and collections.
- Strong knowledge of project accounting, subcontractor accounts, payment applications, and retention.
- Solid experience in cash flow forecasting, banking operations, and treasury controls.
- Good understanding of taxation, financial compliance, and external audit requirements.
- Strong financial analysis, leadership, and decision-making skills.
- Fluent Arabic and professional working proficiency in English.
- Postgraduate studies or specialization in Construction Accounting.
- Experience managing financial operations across multiple construction projects.
- Experience developing financial policies, procedures, and internal controls.
Working Conditions
- Working Days: Saturday to Thursday
- Weekly Day Off: Friday
- Working Model: On-Site
- Location: Alexandria
