Assistant Finance Manager

3 weeks ago


Abu Dhabi, United Arab Emirates Wood Plc Full time

Overview / Responsibilities:
We are looking for **Assistant Finance Manager** to be worked in Wood Abu Dhabi office.

**Objective**

**Responsibilities**:

- Responsible for all financial matters including accurate and timely completion of monthly
reporting, optimizing financial performance
- Report business performance to senior management including variance analysis, DSO, and unbilled reports
- Responsible for annual budget, forecasts and rolling forecasts in conjunction with senior
management, including validation / challenge over backlog, inputs from BD and operations
- Oversee of monthly customer billing to ensure invoices are prepared in accordance with the
commercial terms of the contract
- Responsible for driving sustainable working capital improvements and/or maintaining performance working with operational management, project managers, supply chain and other relevant areas to optimise cash collection and minimise DSO, including customer relationships and reporting
- Management of service line finance team including recruitment, staff development, performance management and the setting of objectives
- Ownership of implementation and financial adherence with the finance operating model
- Assisting during client audits and dispute management
- Engagement with commercial teams on the pre award phase in terms of bids, rates, and relevant
analysis and a key contact and team participant for such, including input to financial terms
contained in contracts and bids where appropriate
- Engagement with commercial teams on post contract award phase in terms of margin analysis
looking for opportunities to drive improvements and commercial efficiencies, and attending key
project reviews to ensure that reported financials are appropriate
- Engagement with external and internal auditors to successfully complete relevant audits
- Ensure that an effective control environment exists through compliance with all Group control
frameworks, policies and procedures as relevant
- Responsibility for relevant project accounting, including monthly reviews, analysis and project set
up, accounting judgements and provisioning while working with relevant functions such as
Commercial, Legal and Tax
- Work with Operations and serve as a conduit between the business and Legal, Tax and Treasury,
IT, Shared Services and Supply Chain

**Reporting**
- Monthly project financial reporting packs, which highlights variances to Budget / Mid-year forecasts
- Monthly flash reporting
- Monthly reporting of Other Financial and non-financial KPI’s including cost savings, office utilisation
- Monthly reporting of profitability analysis and Backlog
- Aged trade and unbilled receivable as well as cash cycle analysis
- Monthly staff revenue capacity analysis

**Business Support**
- Support SLMs in commercial bids and staff rates.
- Oversee the weekly/monthly timewriting process and identify areas for improvement.
- Coordinate monthly invoicing to ensure that all billing is completed on timely basis and identify areas for improvement.
- Managing and regularly reporting DSO
- Establish relationships with key Service lines personnel and customers
- Work with the projects to produce and submit forecasts & budgets
- Conduct bi-weekly discussions with projects controls/Service Line Manager to provide adhoc support and analysis as required.
- Implementing and ensure compliance with the project Delegation Of Authority and other project governance requirements across all projects.
- Analysis on profitability review, tracking actions identified.
- Monitor and improve project cash cycles

**Team**
- Manage a local team and support staff across our shared service centers
- Ensure established processes are followed and billing process is completed in timely manner
- Review their role profiles and allocate tasks accordingly to support their continued development
- Promote their ability to work on project reporting and building relationships with project controls/Service Line Managers

**Work Relationship**

**Internal**:

- Establish and maintain effective working relationships and communicate across the project/contract interfaces.
- Wood Management

**External**:

- Establishing and / or maintaining an awareness of external stakeholders including: Banks, External Auditors

**Minimum Qualifications**:

- Qualified CIMA / ACCA / CA / Equivalent or qualified by experience.

Skills / Qualifications:
**Minimum Experience**:

- Qualified CIMA / ACCA / CA / Equivalent or qualified by experience.
- 5 years’ experience in a similar position preferably within the industry
- Extensive relevant accounting experience.

**Job-Specific Skills**:

- Prior project accounting and reporting experience.
- Forecasting and budgeting methodologies.
- Variance analysis and presentation to management.
- Ability to provide financial and commercial advice to management such as margin analysis.
- Excellent self-management and organisational skills.
- Strong written and oral communicati



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