Finance Manager

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.
  

• Conduct financial analysis on project performance, comparing actual results to budgeted figures.
  
• Identify and analyze variances and provide recommendations for improvement.
  

• Monitor project costs and expenses, ensuring they align with the approved budget.
  
• Implement cost control measures to optimize project profitability.
  

• Manage cash flow to ensure sufficient funds are available for project operations.
  
• Work with project teams to anticipate cash flow needs and plan accordingly.
  

• Prepare regular financial reports for management, highlighting key performance indicators and financial metrics.
  
• Provide financial insights to aid decision-making processes.
  

• Identify financial risks associated with construction projects and develop strategies to mitigate them.
  
• Collaborate with other departments to implement risk management practices.
  

• Ensure compliance with financial regulations and accounting standards.
  
• Stay informed about changes in financial laws and regulations affecting the construction industry.
  

• Work with procurement teams to negotiate contracts with suppliers and subcontractors.
  
• Monitor vendor performance and compliance with contractual agreements.
  

• Utilize financial software and systems to streamline processes and enhance efficiency.
  
• Stay updated on technological advancements in financial management tools.
  

• Collaborate with other departments, such as operations, human resources, and legal, to ensure a cohesive approach to financial management.
  

• Identify opportunities for process improvement and efficiency within the finance function.
  
• Implement best practices to enhance overall financial operations.
  

• Communicate financial information effectively to non-financial stakeholders.
  
• Present financial reports and analysis to senior management.