Financial Planning Specialist

5 days ago


Islamabad, Islamabad, Pakistan Eighteenpk Full time

Job Description:

As an experienced Senior Financial Controller, you will play a key role in managing project budgets, analyzing cost claims, and reviewing payment certificates at Eighteenpk.

Key Responsibilities:
  1. Financial Planning: Collaborate with stakeholders to develop comprehensive project budgets, ensuring alignment with company goals.
  2. Cost Claim Evaluation: Thoroughly examine contractor-submitted EOT claims, providing in-depth analyses after verification and assessment by the Engineer.
  3. Tender Documentation Review: Carefully review Tender B.O.Q's received from design consultants before tendering, guaranteeing adherence to company standards.
  4. Payment Schedule Administration: Administer payment certificates for contractors, consultants, and suppliers, ensuring timely payments and maintaining vendor relationships.
  5. VO Process Management: Coordinate VO process between all parties until finalization, fostering open communication and resolving any discrepancies.
  6. Contract Compliance Assurance: Ensure application of contract conditions, particularly payment terms, penalties, deductions, etc., upholding company integrity.
  7. Cost Forecasting: Prepare comprehensive cost forecasts and review assessments received from consultants, guaranteeing accuracy and reliability.
  8. Project Budget Oversight: Continuously monitor and control project budgets, identifying areas for improvement and implementing corrective measures as needed.
  9. Team Engagement: Foster strong relationships with departments to ensure scope of works are clearly identified, promoting collaboration and cooperation.
  10. Regular Cost Updates: Prepare detailed regular cost updates for project monitoring, facilitating informed decision-making and strategic planning.
  11. Cost Guidance: Provide expert advice to project directors/PMs on issues impacting cost or time, offering insightful cost control guidance to the project team.
  12. Final Account Preparation: Prepare definitive final accounts, updating project cost estimates considering changes occurred or expected, ensuring financial transparency.
  13. Document Governance: Maintain documents according to company policies and procedures, guaranteeing compliance and efficiency.
  14. Cash Flow Projections: Assist in preparing company cash flow for upcoming years by estimating total budget for upcoming projects in accordance with project schedules, enabling proactive financial planning.
  15. Record Management: Ensure records and documents are filed and maintained in line with company procedures, promoting accountability and transparency.
  16. Critical Milestone Identification: Identify critical milestones, including interfaces with utility providers and other third parties, ensuring smooth project execution.
  17. Project Progress Reports: Prepare weekly/monthly project progress reports to be issued to top management, facilitating real-time monitoring and adjustment.
  18. Risk Mitigation Strategies: Develop mitigation strategies as needed, anticipating potential risks and taking proactive measures to minimize their impact.


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