Project Finance Controller at Globe 24-7

The Role

• The Project Finance Controller will work directly with the Project Management team to effectively run and analyse reports related to various aspects of a project.

The Responsibilities

• Maintain records and ledgers for all financial transactions of the project
• Prepare budgets for Project and development activities and analyze variance versus actuals
• Prepare a detailed WBS to capture on time and accurately all project related costs
• Prepare cash flow reports in coordination with individual project managers, and heads of departments for preparing updated forecasts
• Prepare the expenses incurred report/commitment report and rolling forecast
• Cash management of the project, and accurate cash flow forecasting Assist in implementing the accounting system for the project, in coordination of the group accounting system implementation
• Prepare policies and procedures for the project in coordination with the group policies and procedures
• Assist in hiring and leading the finance team of the project
• Ensured that all invoices paid are verified and match with contract/SLA and executed as per the internal procedures and DOA in place
• Prepare cash calls every week for project with the list of Vendors to be paid
• Coordinate with Treasury and local Banks for cash drawdown for project
• Allocate insurance cost and interest on project asset
• Supervise advances and Vendor’s reconciliation
• Ensure that Bank Guarantee is well maintained/followed and closed or renewed on expiration date
• Identify project assets in use for the development phase and depreciate them (HME, Trucks, LV)
• Conduct monthly meetings with Project/Operation team to ensure a smooth integration of project transactions into the entity’s Financials

The Requirements

• MBA in Finance, Economics, Accounting, Business Administration or Business Law
• Professional accounting qualification such as CA or CPA
• Minimum of 15-20 years of hands-on experience in project accounting & controlling, budgetary control, cost
• management, preparation of MIS
• Sound understanding of corporate finance and accounts with a global mindset & strong quantitative and conceptual abilities with strong knowledge of IFRS
• Strong budgeting and costing ability for project control and expertise in Management Accounting and MIS
• Mining and previous expat experience is essential
• Must have handled large size projects and must have worked in a large cap listed company
• Thorough knowledge of accounting principles and procedures
• Experience with creating financial statements
• Ability to motivate and lead teams
• Excellent written and verbal communication skills
• Ability to form strong relationships with internal and external stakeholders