Finance Controller – Projects

Job Description Roles & Responsibilities Position Title: Finance Controller – Projects Location: Saudi Arabia Industry: Oil & Gas Protective Coatings, Industrial Flooring, Sealants, FRP Composites, Passive Fire Protection, Fire-Stopping, Landscaping & Outdoor Construction. Reporting To: Chief Financial Officer (CFO) Position Summary The Finance Controller – Projects is responsible for overseeing all financial aspects of project operations, ensuring effective financial planning, budgeting, cost control, reporting, compliance, and risk management across multiple industrial coating and corrosion protection projects. The role supports project management teams by providing financial insights, monitoring project profitability, managing cash flow, and ensuring compliance with Saudi regulations and company policies. Key Responsibilities Financial Planning & Control ● Develop project budgets, forecasts, and financial plans. ● Monitor project costs, revenues, and profitability throughout the project lifecycle. ● Analyze budget variances and recommend corrective actions. ● Ensure financial resources are utilized efficiently. Project Accounting & Reporting ● Maintain accurate project accounting records and cost allocations. ● Prepare monthly project financial reports, management accounts, and performance dashboards. ● Monitor project KPIs, cost-to-complete analysis, and earned value metrics. ● Coordinate project audits and financial reviews. Cost Management ● Track labor, material, subcontractor, equipment, and overhead costs. ● Review purchase orders, subcontract agreements, and payment applications. ● Monitor project margins and identify opportunities for cost optimization. ● Ensure proper cost coding and project cost control procedures. Cash Flow & Working Capital Management ● Prepare project cash flow forecasts and funding requirements. ● Monitor accounts receivable and project collections. ● Coordinate with clients regarding payment certifications and invoicing. ● Manage working capital requirements and cash utilization. Commercial & Contract Support ● Review project contracts and identify financial risks. ● Support variation orders, claims, change orders, and commercial negotiations. ● Ensure compliance with contract terms and payment schedules. ● Assist project teams in financial evaluation of bids and tenders. Compliance & Governance ● Ensure compliance with Saudi Arabian financial regulations, VAT, ZATCA requirements, and company policies. ● Coordinate external and internal audits. ● Maintain strong internal controls and financial governance procedures. ● Ensure adherence to IFRS accounting standards. Risk Management ● Identify financial and commercial risks associated with projects. ● Develop mitigation strategies and monitor risk exposure. ● Support project management teams in financial decision-making. Leadership & Stakeholder Management ● Partner with Project Managers, Operations Managers, Procurement, and Executive Management. ● Lead and mentor finance and project accounting teams. ● Present financial performance reports to senior management. Required Qualifications ● Bachelor's Degree in Finance, Accounting, Commerce, or related field. ● Professional qualification preferred: ○ CPA ○ ACCA ○ CMA ○ CA ● MBA (Finance) is an advantage. Experience Requirements ● Minimum 8–15 years of finance and accounting experience. ● At least 5 years in Project Finance Control within: ○ Industrial Coatings ○ Corrosion Protection ○ Oil & Gas ○ Petrochemical ○ EPC Projects ○ Construction & Industrial Services ● Strong experience in Saudi Arabia and GCC markets. ● Experience handling multi-million SAR projects. Technical Skills ● Project Cost Control ● Budgeting & Forecasting ● Project Accounting ● Financial Reporting ● IFRS Compliance ● Cash Flow Management ● Contract & Commercial Analysis ● Risk Management ● Internal Controls ● VAT & ZATCA Compliance ● Financial Modeling ● Cost-to-Complete Analysis ● Earned Value Management (EVM) Systems & Software ● SAP ● Oracle ERP ● Microsoft Dynamics ● Power BI ● Advanced Microsoft Excel ● Primavera P6 (preferred) ● Microsoft Project (preferred) Key Competencies ● Financial Analysis ● Strategic Thinking ● Business Partnering ● Commercial Awareness ● Leadership & Team Management ● Problem Solving ● Attention to Detail ● Negotiation Skills ● Communication & Presentation Skills Preferred Requirements ● Experience in Saudi Arabia with knowledge of local regulations. ● Experience in industrial coating, corrosion protection, and EPC project environments. ● Strong understanding of project lifecycle financial management. ● Fluency in English; Arabic is an advantage. Key Performance Indicators (KPIs) ● Project Profitability ● Budget Adherence ● Cost Variance Control ● Cash Flow Performance ● Collection Efficiency ● Forecast Accuracy ● Audit Compliance ● Working Capital Optimization ● Financial Reporting Timeliness Desired Candidate Profile - Employment Type Full Time Company Industry ConstructionCivil Engineering Department / Functional Area FinanceTreasury Keywords Project Cost ControlBudgeting & ForecastingProject AccountingFinancial ReportingIFRS ComplianceCash Flow ManagementContract & Commercial AnalysisRisk ManagementEarned Value ManagementVAT & ZATCA Compliance Get real-time job updates only on our App