Project Financial Specialist📣 Job Ad

About the Role

Master-Works, through its subsidiary Jadaya, is seeking a Project Financial Specialist to manage the financial aspects of projects within the Project Management Office (PMO). This full-time position requires 5-10 years of experience and involves budgeting, forecasting, financial reporting, and ensuring adherence to financial policies.

Key Responsibilities

• Develop and implement cost control policies and procedures to monitor and manage project expenditures.
• Collaborate 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.
• Work 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.

Qualifications and Experience

• Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or a related field. An MBA or Master's in Finance is preferred.
• Professional certifications in Project and Program Management (*, PMP, PRINCE2) or equivalent are preferred.
• Minimum of 4 years of experience in project finance, financial analysis, or financial management within projects.

Required Skills and Expertise

• Proficiency in analyzing financial data, developing accurate forecasts, and evaluating project viability.
• Expertise in developing, managing, and monitoring project budgets for effective financial control.
• Ability to accurately estimate project costs and identify potential financial risks.
• Proficiency in accounting principles and data analysis techniques.
• Strong reporting skills, including the ability to prepare comprehensive financial reports and present findings effectively.
• Expertise in accounting tools and project budget management software.

Work Context

This is a full-time position within the PMO. The role requires close collaboration with various project management teams and finance departments to ensure successful financial oversight of projects.