Company- A leading Real Estate Development Company
Position – Finance Manager
Line Manager – Board of Directors
Location-Karbala- Iraq
Job Description
Finance Manager is a dynamic, highly organized, and commercially astute individual who can manage projects with clear goals, operating mechanisms, and regular updates to stakeholders. He must monitor and control the development project with clear identification of resources, dependencies, risks, and milestones to optimize ROIC. Effectively liaise with the investors/ decision makers, acting as their financial subject matter expert and providing sound financial support when needed.
Job Dimensions
Financial KPIs
- Revenue
- Return on Invested Capital
- Cash Conversion Cycle
Non-Financial KPIs
- Vendor Management (Contract driven KPIs)
- Project Management (Milestone driven KPIs)
- Risk Mitigation (Risk Mitigation KPIs)
No. of Direct Reports
- Accountants
- External Stakeholders
- Government/ Regulatory Bodies
- Contractors
- Designers & Consultants
- Suppliers
- Investors / Business Partners
- Banks and/or Financial Institutions
- Business Service Providers (Auditors/ Law Firms etc.)
- Regulatory Bodies (VAT Filing, Corporate Tax)
- Internal Stakeholders All Internal Departments including the team within the BIG
Key Accountabilities & Responsibilities
- Manage financial reporting and general accounting operations in accordance with the regulatory, legal, and financial standards.
- Influence and lead the budgeting process to deliver project plans focused on meeting the strategic objectives and project milestones in line with project timelines.
- Proactively oversee and evaluate project activities, build contingency plans, and execute corrective action on a timely basis to mitigate risks
- Manage the company’s liquidity and cash flow position, optimize cash conversion cycle, and assuring the most efficient cash flow management.
- Monitoring and reporting of project funding, and preparation of monthly claims and withdrawals from internal and external debt providers.
- Build financial models and scenario plans to aid decision making in terms marketing investments, pricing decisions, project management, and investment management to optimize ROIC.
- Manage contracts and procurements with external vendors, monitoring compliance with terms, timelines, and budgets in accordance with SLAs.
- Lead effective collaboration and coordination with external stakeholders to drive project governance.
- Oversee the annual audit process and the preparation of the Financial Statements in accordance with the agreed timelines for the specific legal entities within the development project.
Qualification & Experience
- Bachelor’s degree in Management/ Finance or a related discipline or extensive experience as a Finance Manager and/or Chief Accountant.
- 5+ years of expertise in a dynamic commercial environment, preferably in Real Estate Sector and exposure to off-plan property development.
- Preference for Native Arabic Speakers
- Certification in CPA/CIMA/CMA/ACCA preferred.
- Proven expertise in fostering collaborative relationships and engaging stakeholders consistently with integrity and trust.
Key Skills & Competencies
- Strategically minded with strong analytical, critical thinking, research, and problem-solving skills.
- Strong people management skills, including ability to manage conflicts and negotiations with diverse stakeholder base.
- Great inter-personal and persuasive communication skills.
- Excellent Financial and Business Modelling skills.
- Proficient in MS Excel, MS PowerPoint, and other reporting tools