Job Description: Asst. Project Finance Manager
An Asst. Project Finance Manager plays a crucial role in organizations that undertake complex
projects, especially in industries such as construction, real estate development, infrastructure,
energy, and more. Their primary responsibility is to manage the financial aspects of projects to
ensure they are completed within budget, on time, and in compliance with financial regulations.
Here is a detailed job description for a Project Finance Manager:
Job Summary:
A Project Finance Manager is responsible for overseeing the financial aspects of the office interior
project within the organization. They work closely with project teams, senior management, and
external stakeholders to ensure that the capex is well-planned, and executed efficiently.
Key Responsibilities:
Financial Planning: Develop and manage project budgets, forecasts, and financial models to
estimate project costs and funding requirements. Ensure alignment with the organization’s financial
goals.
Risk Assessment: Identify and assess financial risks associated with project and develop strategies to
mitigate these risks. This includes analyzing market conditions, procurement strategy, financial
trends, and potential project obstacles.
Financial Reporting: Prepare regular financial reports and updates for project stakeholders,
including senior management, project teams, and Internal & external partners. Ensure transparency
and accuracy in financial reporting and capex tracking.
Cost Control: Monitor project expenses, implement cost control measures to ensure projects stay
within budget. Identify and address cost overruns promptly.
Compliance: Ensure that all financial transactions related to the interior project comply with
relevant regulations, accounting standards, and company policies. Handle any necessary audits or
reviews.
P2P : PO/ PR creation, Verification vendor invoices, pro-rata billing, tracking vendor payments
Financial Strategy: Collaborate with project managers and executives to develop financial strategies
that align with the project’s objectives and long-term company goals.
Financial Modeling: Create and maintain financial models that simulate various project scenarios,
helping in decision-making and risk management.
Contract Management: Review and negotiate financial terms in contracts, ensuring they are
favorable and aligned with the project’s financial goals.
Cash Flow Management: Manage project cash flows, including accounts payable and receivable, to
ensure that funds are available when needed.
Project Evaluation: Conduct post-project financial evaluations to assess the actual financial
performance compared to initial projections, identifying lessons learned and areas for improvement.
Qualifications:
Bachelor’s degree in finance, accounting, business administration, or a related field. A master’s
degree or relevant professional certification may be preferred.
5-6 years of experience in project finance, financial analysis, or related roles.
Strong financial modeling skills and proficiency in financial software and tools (e.g. SAP)
In-depth knowledge of financial regulations, and accounting principles.
Excellent analytical and problem-solving abilities.
Effective communication and interpersonal skills.