The Financial Controller will oversee all financial operations of the MEP/EPC company, ensuring compliance with UAE laws, IFRS standards, and internal governance policies. This role is responsible for financial planning, risk management, cash flow monitoring, project cost control, and reporting to senior management and the Board. The Financial Controller will act as a strategic partner to operations, ensuring accurate project accounting, profitability analysis, and efficient allocation of resources.
- Oversee all financial accounting, project cost accounting, and reporting functions.
- Prepare monthly, quarterly, and annual financial statements in compliance with IFRS and UAE regulations.
- Develop consolidated reporting across multiple projects and business units.
- Ensure accurate project revenue recognition, WIP (Work in Progress), and cost-to-complete calculations.
- Lead the preparation of annual budgets, forecasts, and cash flow projections.
- Monitor project budgets against actuals, highlighting variances and recommending corrective actions.
- Provide scenario analysis and financial models to support bidding, tenders, and strategic decisions.
- Implement strong project cost controls across procurement, subcontractor payments, and material usage.
- Ensure compliance with contract terms, milestone payments, and variation orders.
- Collaborate with Project Managers and Commercial Managers to track project profitability.
- Ensure compliance with UAE VAT regulations, corporate tax requirements, and statutory audits.
- Liaise with external auditors, banks, and regulatory authorities.
- Develop internal financial policies and ensure adherence to governance frameworks.
- Manage cash flow planning, banking relationships, and credit facilities.
- Oversee accounts receivable, collections, and supplier payment cycles.
- Optimize working capital and project funding structures.
- Lead and mentor finance and accounts teams, ensuring high-quality output.
- Implement ERP systems and financial reporting tools to improve accuracy and efficiency.
- Establish internal controls, approval matrices, and risk management frameworks.
- Bachelors degree in Accounting, Finance, or related field (Masters preferred).
- Professional qualification: CA, CPA, ACCA, or CMA (mandatory).
- Minimum 812 years of experience, with at least 5 years in the UAE within an MEP/EPC contracting company.
- Strong knowledge of IFRS, project accounting, and construction/engineering financial frameworks.
- Proven experience in managing cash flows for large-scale EPC/MEP projects.
- Experience in ERP systems (Oracle, SAP, Microsoft Dynamics, or similar).
- Familiarity with UAE VAT, corporate tax, and local banking regulations.
- Strong financial and commercial acumen.
- Excellent analytical and problem-solving skills.
- High integrity and ethical standards.
- Strong leadership and team management capabilities.
- Ability to work under pressure and manage multiple projects simultaneously.
- Effective communication and stakeholder management skills.
- Reports to: Chief Financial Officer (CFO) / Group Finance Director / Managing Director
- Direct Reports: Finance & Accounts Team
Project Finance
Finance Manager
Accounting Manager
Please fill in all the fields and submit your CV to this job post.
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