Job Detail

Job Description

As an Assistant Finance Manager for a construction/contracting company, your role would involve a combination of financial management, reporting, and strategic planning. Here are some key responsibilities and tasks that you might typically handle in this position:

1. Budgeting and Forecasting:
   
• Assist in the preparation of annual budgets and forecasts for the construction projects.
  
• Work closely with project managers to gather information on project costs and revenue projections.
  
2. Financial Analysis:
   
• Conduct financial analysis on project performance, comparing actual results to budgeted figures.
  
• Identify and analyze variances and provide recommendations for improvement.
  
3. Cost Control:
   
• Monitor project costs and expenses, ensuring they align with the approved budget.
  
• Implement cost control measures to optimize project profitability.
  
4. Cash Flow Management:
   
• Manage cash flow to ensure sufficient funds are available for project operations.
  
• Work with project teams to anticipate cash flow needs and plan accordingly.
  
5. Financial Reporting:
   
• Prepare regular financial reports for management, highlighting key performance indicators and financial metrics.
  
• Provide financial insights to aid decision-making processes.
  
6. Risk Management:
   
• Identify financial risks associated with construction projects and develop strategies to mitigate them.
  
• Collaborate with other departments to implement risk management practices.
  
7. Compliance and Regulations:
   
• Ensure compliance with financial regulations and accounting standards.
  
• Stay informed about changes in financial laws and regulations affecting the construction industry.
  
8. Vendor and Contract Management:
   
• Work with procurement teams to negotiate contracts with suppliers and subcontractors.
  
• Monitor vendor performance and compliance with contractual agreements.
  
9. Financial Software and Systems:
   
• Utilize financial software and systems to streamline processes and enhance efficiency.
  
• Stay updated on technological advancements in financial management tools.
  
10. Team Collaboration:
    
• Collaborate with other departments, such as operations, human resources, and legal, to ensure a cohesive approach to financial management.
  
11. Continuous Improvement:
    
• Identify opportunities for process improvement and efficiency within the finance function.
  
• Implement best practices to enhance overall financial operations.
  
12. Communication Skills:
    
• Communicate financial information effectively to non-financial stakeholders.
  
• Present financial reports and analysis to senior management.