Senior Financial Control Specialist
18 hours ago
Job Overview
We are seeking a Senior Financial Controls Specialist to oversee financial management processes for a high-profile construction project in New York City. This role will play a critical part in managing cash flow reporting, budget tracking, overhead invoicing, and creating detailed financial reports.
About the Role
The ideal candidate will have deep expertise in financial control mechanisms, project budgeting, and cash management, with a background in large-scale construction or infrastructure projects. They will work closely with project managers, finance teams, and external stakeholders to ensure financial stability and transparency.
Key Responsibilities
- Cash Flow Management: Monitor and report on project cash flow to ensure liquidity throughout the project's duration. Develop cash flow forecasts and ensure alignment with project milestones and expenditures.
- Project Budgeting: Track incoming and outgoing cash related to the project, ensuring accurate reconciliation of accounts. Identify and analyze budget variances, working with project teams to address any discrepancies.
- Financial Reporting: Generate and distribute financial reports to stakeholders, highlighting project financial status, cash flow, and overheads. Prepare detailed financial performance reports for senior management, providing insights into project health.
- Overhead Invoicing: Review and process overhead invoices, ensuring that all charges are correctly allocated to the project. Monitor indirect costs and provide accurate tracking of overhead expenses.
- Financial Controls: Ensure that internal controls are maintained and adhered to across the project to mitigate financial risk. Work closely with internal auditors to provide necessary documentation and data for project audits.
Requirements
- Bachelor's degree in finance, accounting, or a related field.
- Minimum 7 years of experience in financial controls, project accounting, or cash management, preferably in the construction or infrastructure sector.
- Advanced Excel skills.
- Strong understanding of GAAP, IFRS, and project accounting principles.
- Excellent communication, analytical, and organizational skills with the ability to work on multiple projects simultaneously.
Estimated Salary Range: $120,000 - $180,000 per year, based on experience and qualifications.
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