ABOUT THE ROLE
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The Project Finance Sr Specialist is responsible for the Project Finance processes within the Advanced Concepts entity. This role involves close collaboration with the Project Management Office (PMO), Project Managers, and Functional Leaders to maintain financial visibility on all aspects of projects, including incurred costs, milestone completion, revenue and grant income recognition, and documentation review.
RESPONSIBILITIES
- Development and R&D Projects Financial Control: Oversee cost control of Development projects aligned to IFRS/IAS 15. Conduct regular reviews with Project Management and allocate costs such as materials, labor, testing charges, overheads, etc.
- WBS Control and Coordination: Ensure correct cost allocation in collaboration with Project Managers and Functional managers.
- Commercial Projects Financial Control: Manage revenue and cost recognition for commercial projects; conduct milestone completion reviews and forecast future costs.
- Cross-functional Business Partnering: Create regular operational rhythms with PM and Functional leaders to drive accountability and ensure alignment between finance reports and operational/project control reports, including Scorecard KPI reporting.
- Projects Monthly Closing & Reporting: Maintain the PMO database with regular updates on WBS, project status, financial alignment with ledger, contract approval updates, start and completion dates, and track change requests.
- Balance Sheet & Audit Preparation: Collaborate with Controllership and Internal/External audit for preparation of project-related audit scopes.
- Finance Process Improvement: Use proficiency with SAP and advanced Excel to develop organized spreadsheets and processes, improving data quality, accuracy, and organization.
BASIC QUALIFICATIONS
- 5-7+ years of relevant experience in Finance & Accounting.
- Work experience in Manufacturing Finance, Supply Chain Finance, or as a Plant Finance Controller.
- Advanced proficiency in Excel.
- Fluent in English, capable of leading meetings and writing reports and presentations.
PREFERRED QUALIFICATIONS
- Experience in project controlling, familiar with Rev Rec ASC 606, project accounting, deferred income, contract assets, WBS cost controlling, and overhead allocation.
- Knowledge of R&D and Grant Accounting, including Grant Income recognition and impairment assessment.
- Background in conglomerates/multinationals.
- Professional certification in accountancy (CMA, DipIFR, etc.) is a differentiator but not mandatory if equivalent work experience is demonstrated.
- Cross-functional collaboration experience (Finance with Operations and other functions).
- Relevant industry certifications related to government accounting policies and procedures as well as knowledge of accounting standards.
- Proficiency in PowerPoint.
WHY CHOOSE THE COMPANY
At the company, employees are provided with a unique opportunity to develop agile and disruptive solutions in advanced technology for defense and beyond. The organization emphasizes speed and efficiency in bringing innovations to market, reinforcing the UAE's position as a global hub for future industries. Employees benefit from a strong emphasis on career development, access to learning platforms, and the freedom to innovate in a collaborative environment.
The compensation package reflects the value placed on employees, featuring highly competitive and tax-free salaries. Depending on the role and seniority, additional benefits may include family visas, annual flight tickets, medical insurance for employees and dependents, and education allowances for children.
