Project Financial, Specialist

Project Financial Specialist

Jadaya, our subsidiary, is seeking a dedicated Project Financial Specialist to oversee the financial aspects of projects within our Project Management Office (PMO). This role is pivotal in budgeting, forecasting, financial reporting, and ensuring adherence to financial policies and procedures.

The Project Financial Specialist will collaborate closely with PMO Operations, Program Management, project managers, and stakeholders to monitor project financial performance, identify variances, and implement corrective actions.

• Key Responsibilities:
• Develop and implement cost control policies and procedures to monitor and manage project expenditures.
• Work with Portfolio/Program/Project Managers and owners to prepare project budgets, forecast costs, and ensure efficient use of financial resources.
• Monitor project spending against budgets, timelines, resource allocation, and forecasts, identifying variances and recommending corrective actions.
• Prepare financial reports, collect and analyze data for project stakeholders, highlighting cost performance and trends.
• Collaborate with finance departments to manage project-related contracts, invoices, and Certificates of Completion (CoC's) through designated systems.
• Implement financial risk management mitigation plans to minimize project cost overruns.
• Advise project teams on cost-saving measures and financial best practices.
• Resolve project financial issues in collaboration with various departments and teams.

Requirements:

• Bachelor's degree in Finance, Accounting, Economics, Business Administration, or a related field, or an MBA or Master's in Finance is often preferred.
• Professional certifications in Project and Program Management (such as: PMP, PRINCE2) or equivalent certification is preferred.
• Minimum of 4 years of experience in project finance, financial analysis, or financial management within projects.
• Proficiency in analyzing financial data, developing accurate forecasts, and evaluating project viability to inform strategic decision-making.
• Expertise in developing, managing, and monitoring project budgets to ensure effective financial control and alignment with project objectives.
• Expertise in accurately estimating project costs and proactively identifying potential financial risks to ensure informed budgeting and resource allocation.
• Proficiency in accounting principles and data analysis techniques.
• Strong reporting skills, preparing comprehensive financial reports, and effectively presenting findings.
• Expertise in accounting tools and project budget management.

Job Location: Client Site