At a Glance
- Tasks: Manage cashflow, oversee project accounting, and ensure timely payments.
- Company: Dynamic company in the construction and engineering sector.
- Benefits: Competitive salary, career growth, and a supportive work environment.
- Other info: Join a collaborative team focused on continuous improvement.
- Why this job: Play a key role in financial stability and project success.
- Qualifications: Experience in cost management and strong analytical skills required.
The predicted salary is between 43000 - 50000 £ per year.
Role: Finance Manager/Cost Manager
Location: Craigavon/Belfast
Salary: £43,000-£50,000
The Cost Manager will be responsible for the commercial and project control of Operations, with a particular focus on the management of applications, valuations, claims, and payment processes to ensure healthy cashflow across the organisation. Reporting directly to the Company Secretary, the Cost Manager will oversee project accounting activities while leading the end-to-end management of customer claims, contract valuations, debt recovery, and subcontractor payment processes. The role is critical in maintaining strong working capital performance, ensuring timely revenue recognition, maximising cash collection, and supporting the financial stability of projects and the wider business.
Key Responsibilities:
- Commercial and Cashflow Management
- Oversee the management of all applications for payment, valuations, claims, variations, and final accounts across the business.
- Ensure customer claims are prepared, submitted, tracked, and recovered in a timely and accurate manner.
- Monitor outstanding debtors and implement proactive measures to accelerate cash collection.
- Work closely with Contract Managers and QS's to maximise recoverable revenue and minimise payment delays.
- Produce and maintain cashflow forecasts, highlighting risks and opportunities to the Board of Directors.
- Identify and resolve payment disputes, commercial issues, and contract-related challenges.
- Develop and improve systems and controls to enhance cashflow performance and working capital management.
- Financial Management
- Ensure accurate project cost reporting and reconciliation of revenue, costs, and margins.
- Analyse project performance and provide meaningful commentary to support business decision-making.
- Support budgeting, forecasting, and financial planning processes.
- Monitor project profitability and advise management on commercial risks and opportunities.
- Ensure financial controls and reporting processes are maintained to a high standard.
- Subcontractor and Supplier Management
- Oversee Supply Chain Manager as point of escalation for supply chain payment issues.
- Ensure subcontractors and suppliers are paid accurately and on time, maintaining strong commercial relationships.
- Review subcontractor account reconciliations and resolve disputes promptly.
- Monitor retention balances, contra charges, and final account settlements.
- Support procurement and operational teams in commercial negotiations where required.
- Leadership and Stakeholder Management
- Act as a senior commercial adviser to the Company Secretary and wider leadership team.
- Build strong relationships with clients, subcontractors, suppliers, and internal stakeholders.
- Provide leadership, mentoring, and guidance to finance and commercial team members.
- Drive continuous improvement in commercial reporting, financial controls, and cash management processes.
- Contribute to strategic business planning and performance improvement initiatives.
- Governance and Compliance
- Ensure compliance with contractual obligations, company policies, and financial regulations.
- Maintain robust records supporting claims, valuations, and financial reporting.
- Support internal and external audit requirements.
- Assist with risk management and mitigation relating to commercial and financial matters.
Key Performance Indicators (KPIs):
- Cash collection performance and debtor days.
- Accuracy and timeliness of applications, valuations, and claims submissions.
- Forecast cashflow accuracy.
- Timely payment of subcontractors and suppliers.
- Reduction in aged debt and disputed accounts.
- Working capital improvement.
Skills and Experience:
Essential Criteria:
- Significant experience in a senior cost management, commercial management, or financial management role.
- Extensive experience managing applications for payment, contract claims, valuations, and final accounts.
- Proven ability to manage cashflow and working capital within a project-based environment.
- Strong commercial awareness and contract administration experience.
- Excellent analytical, negotiation, and problem-solving skills.
- Advanced Excel and reporting capabilities.
- Strong communication and stakeholder management skills.
Desirable:
- Experience within construction, engineering, infrastructure, manufacturing, or project-led businesses.
- Professional qualification such as CIMA, ACCA, ACA, RICS, or equivalent.
- Knowledge of relevant contract forms and payment legislation.
- Experience implementing financial or commercial process improvements.
Skills:
- Cashflow management
- Financial Planning
- Budgeting
Finance Manager TLNT1_NI in Craigavon employer: IrishJobs
As a Waste Resource Team Leader with our esteemed local authority client, you will be part of a dedicated team committed to enhancing community sustainability and environmental responsibility. Our organisation fosters a supportive work culture that prioritises employee development, offering training opportunities and a clear path for career progression. With competitive remuneration, including pension and holiday pay, along with the chance to make a meaningful impact in your community, this role is an excellent opportunity for those seeking rewarding employment in the public sector.
StudySmarter Expert Advice🤫
We think this is how you could land Finance Manager TLNT1_NI in Craigavon
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like IrishJobs. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Finance Manager TLNT1_NI in Craigavon
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to IrishJobs.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on IrishJobs's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at IrishJobs
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with IrishJobs.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at IrishJobs will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former IrishJobs employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
