Finance Director (Joint Venture) recruitment
Charterhouse Partnership are currently engaged on an exclusive basis with the local partner of this newly formed JV. Partnered with a FTSE250 organisation, our client is looking to recruit a Finance Director with a track record and exposure to project finance and contract accounting within the regional GCC markets.
As the Finance Director you will:
• Prepare and maintain estimates at completion for every project that accurately reflects expected project profitability given all known and quantifiable project risks and opportunities so that revenue and profits can be recorded monthly at the correct contract profit percentage.
• To deliver the forecast financial performance of the Oman MC6 contract.
• To monitor report and identify improvements in project financial performance.
• To facilitate and enforce company and project budgetary controls.
• To effectively manage working capital so as to minimise the need for additional equity or debt financing and to maximise cash available for dividends.
• Set and implement those policies required for the proper conduct of projects.
• Maintain a detailed, accurate and properly supported EAC for all projects and prepare a bottoms-up EAC no less frequently than annually for projects achieving all project KPI and no less frequently than quarterly for those projects not achieving all project KPI.
• Understand and report on forecast and actual project performance in accordance with group, statutory and relevant accounting principles and policies.
• To produce the financial models of a five year strategic plan and the annual budget.
• To provide budget holders with the information, tools and training necessary to exercise day-to-day financial control.
• To adhere at all times to finance and other group policies and other applicable standards and procedures.
• Line management direct reports and review their job content and performance.
• Ensure compliance of business activities with all applicable laws, regulations and company policies and standard.
Our client envisages hiring a candidate with up to 20 years experience of operational finance, with a mandatory requirement to be a professionally qualified and chartered accountant (ACA, ACCA, CIMA or CPA). The successful candidate must possess an in depth and thorough understanding of all aspects of project accounting; whilst also being able to manage a multi-tiered project base and revenue flow across varied business entities and contracts.Our client will look for a strong leadership skill set combined with an ability to set up controls, procedures and business relationships within this Greenfield opportunity.