Job Description

The Role

Ocean Stone Construction LLC, part of TownX Real Estate Development LLC, is seeking a highly skilled Finance Manager with a strong background in the construction industry to oversee and manage all financial aspects of its projects and operations. The ideal candidate will be responsible for all financial planning, cost controls and management, risk management, and ensuring compliance with financial regulations. This role requires extensive experience in construction finance, project budgeting, and cash flow management. Key Responsibilities: Financial Planning & Management: o Develop and implement financial strategies to optimize project profitability and cost efficiency. o Prepare and analyze financial statements, cash flow reports, and project cost reports to provide insights to senior management. o Ensure compliance with IFRS, GAAP, and local tax regulations. Budgeting & Cost Control: o Oversee the preparation of project budgets, forecasts, and financial plans. o Monitor project costs, identify variances, and implement corrective measures. o Work closely with project managers to ensure financial discipline and cost efficiency in all projects. Cash Flow & Treasury Management: o Manage cash flow projections and fund allocations to ensure smooth project execution. o Oversee accounts payable, receivable, and payroll functions. o Maintain strong relationships with banks, financial institutions, and investors to secure funding when required. Taxation, Auditing & Compliance: o Ensure timely tax filings, VAT compliance, and adherence to local labour laws. o Manage audits and liaise with external auditors, tax consultants, and regulatory authorities. o Implement internal controls to mitigate financial risks and fraud. Team Leadership & Stakeholder Coordination: o Lead and mentor the finance team to enhance efficiency and performance. o Collaborate with senior management, project managers, procurement teams, and external stakeholders to align financial goals with business objectives. o Provide strategic financial recommendations to support business growth and expansion.



Requirements

Bachelor's degree in Finance, Accounting, or a related field (CPA, CMA, ACCA, or CFA is a plus). o Minimum of 7-10 years of experience in financial management within the construction industry. o Excellent understanding and management of construction contracts, procurement processes, and WIP accounting o Proven expertise in project accounting, cost control, and financial analysis. o Strong knowledge of ERP systems and financial reporting tools and equivalent systems o Strong leadership, analytical, and problem-solving skills. o Excellent understanding of construction contracts, procurement processes, and WIP accounting. o Ability to work in a fast-paced, deadline-driven environment. Benefits: As per UAE Labour Law Competitive Salary

About the company

TownX Real Estate Development is a prestigious real estate developer in Dubai. Founded in 2017, TownX has established a track record of delivering high quality residential projects across the city. The TownX growing team consists of experts of the industry, who frequently collaborate with internationally renowned engineers & architects. The story of TownX is a story of growth, starting from one simple apartment investment to the established real-estate developer it has become today.