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Project Financial Manager
2 months ago
Job Title: Project Financial Manager
Reports to: Financial Controller
Job Summary:
Armstrong Fluid Technology is seeking a highly skilled Project Financial Manager to join our team. As a Project Financial Manager, you will play a crucial role in managing the financial aspects of multiple large-scale mechanical projects.
Key Responsibilities:
- Manage project budgets, revenue, and cost recognition, forecasting, financial reporting, and cash flows based on project builds and milestone invoicing.
- Monitor and manage the financial performance of projects, ensuring they stay within budget and meet financial targets.
- Prepare detailed project budgets, forecasts, and financial reports for management.
- Analyse project costs, identify variances, and provide recommendations for corrective actions.
- Ensure accurate and timely recognition of project revenue and costs, in accordance with relevant accounting standards.
- Generate and monitor project cash flows based on project builds and milestone invoicing.
- Work closely with project managers and the finance team to ensure that invoicing milestones are met and accurately reflected in the cash flow forecasts.
- Review and close projects on a timely basis.
- Reconcile project sub-ledger to the general ledger monthly.
- Manage the timing of cash inflows and outflows to optimize working capital and minimize financial risks.
- Implement and monitor adherence to internal controls over project-specific materials and common stores inventory.
- Review and approve project-related expenditures, ensuring compliance with budgetary constraints.
- Prepare regular financial reports, including cost tracking, profitability analysis, and variance reports.
Requirements:
- Professional Accountancy qualification, CIMA or ACCA, plus a minimum of 5 years post-qualification experience.
- Proven experience in revenue and cost recognition and cash flow management within large-scale projects.
- Proficiency in financial software and ERP systems (e.g., SAP, Oracle, LN).
- Advanced Excel skills, including financial modeling and data analysis.
- Ability to handle multiple projects and meet deadlines in a fast-paced environment.
About Us:
Armstrong Fluid Technology is a global leader in fluid-flow technology, with over 1400 colleagues across the globe. We are a community of the brightest and most creative minds, driven by a shared mission to engineer the future and safeguard our planet.
