Role Overview
Job Description Finance Manager (Construction Industry)
The Finance Manager is responsible for overseeing the finance and accounting functions for the construction business, ensuring accurate financial reporting, strong cash flow management, regulatory compliance, and effective financial controls across projects and corporate entities.
This role also involves managing and leading the finance team, providing sound financial advice to management, and supporting strategic and operational decision-making.
Key Responsibilities
- Financial Management & Reporting
- Oversee full set of accounts including GL, AR, AP, fixed assets, accruals, and provisions.
- Ensure timely monthly, quarterly, and annual financial closing.
- Prepare management accounts, cash flow forecasts, and variance analysis.
- Ensure compliance with MFRS, Companies Act 2016, tax regulations, and audit requirements.
- Liaise with external auditors, tax agents, company secretaries, lawyer and bankers.
- Project & Construction Accounting
- Monitor project budgets, costs, and margins for ongoing construction projects.
- Review progress claims, certifications, retention sums, and backcharges.
- Coordinate with QS, contract, and project teams to ensure accurate project cost recognition.
- Track project cash inflows and outflows and highlight potential cash flow risks.
- Ensure proper cost allocation by project and timely recognition of revenue and expenses.
- Cash Flow & Treasury Management
- Plan and monitor fund utilisation for projects, suppliers, subcontractors, and overheads.
- Coordinate drawdowns for financing facilities including term loans, overdraft and BAs.
- Monitor loan covenants, interest servicing, and repayment schedules.
- Support banking negotiations and documentation as required.
- Team Leadership & Management
- Lead, supervise, and develop the finance and accounts team.
- Allocate tasks, review work quality, and ensure deadlines are met.
- Establish clear SOPs, workflows, and internal controls.
- Provide guidance, coaching, and performance feedback to team members.
- Ensure segregation of duties and strong governance within the team.
- Advisory & Management Support
- Provide financial insights and recommendations to superior and management.
- Support management in evaluating financial implications of operational and strategic decisions.
- Assist in budgeting, forecasting, and scenario analysis.
- Highlight financial risks, cost overruns, and improvement opportunities proactively.
- Act as a key finance partner to operations and management teams.
- Compliance, Controls & Process Improvement
- Strengthen internal controls and financial governance.
- Ensure compliance with internal policies and external regulatory requirements.
- Review and improve accounting systems, reporting tools, and finance processes.
- Ensure proper documentation and audit trails are maintained.
Qualifications & Experience
- Degree in Accounting, Finance, or related professional qualification (ACCA, CPA, CIMA or equivalent).
- Minimum 58 years of relevant working experience, preferably in construction or project-based industries.
- Strong knowledge of construction accounting, project costing, and cash flow management.
- Experience in managing a finance/accounts team.
- Hands-on, detail-oriented, and able to work under tight timelines.
Key Competencies
- Strong analytical and problem-solving skills.
- Good communication and stakeholder management skills.
- Leadership capability with a structured and disciplined approach.
- Ability to work independently and escalate issues appropriately.
- Commercially minded with strong business acumen.
