Finance Manager - OVID Construction PLC, Addis-Abeba

An established company is recruiting for the following position.

About the CompanyOVID Construction Plc, established in 2013, is a Design and Build (DB) company with G -1 building construction license. It is legally registered and operates in Ethiopia, Djibouti, and Kenya having over 7,000 permanent and temporary employees including highly experienced staff from different areas of specialization. The founder has brought in vast industrial experience and knowledge and values a cost-effective yet efficient approach to construction.OVID Construction has introduced several advanced building technology systems, which makes the company different and unique from other construction companies. Our company is the pioneer in introducing Ready-Mix concrete, Magnesium board/panel technology, Light Gauge Steel, K Span, and Kum Kang building system to Ethiopia and maybe East Africa.This guarantees customer satisfaction and trust by providing high-quality products, high service that is useful, safe, and reliable. Location: Addis Ababa ProjectDuties & Responsibilities Project Financial Planning & BudgetingPrepare project budget in coordination with Project ManagerForecast project cash flow requirementsPlan fund allocation for materials, labor, and subcontractorsEnsure financial alignment with project timelinesCost Control & MonitoringTrack project expenses against budgetAnalyze variances and identify cost overrunsImplement cost-saving measures without compromising qualityReview and approve site expense requestsCash Flow ManagementEnsure timely availability of funds for project operationsMonitor cash inflows from client paymentsApprove disbursements for material, labor, and subcontractorsPrevent cash shortages that may delay project executionAccounts & ReportingOversee project accounting and ensure accurate record-keepingPrepare monthly project financial reports (P&L, cost report, cash flow)Analyze project profitabilityReport financial status to management regularlyProcurement & Payment OversightReview and approve payments to suppliers and subcontractorsEnsure procurement follows approved budgets and proceduresCoordinate with project purchaser and cashier for payment workflowCompliance & TaxationEnsure compliance with local tax laws (VAT, withholding tax, payroll tax)Maintain financial records for auditCoordinate internal and external audits for the projectEnsure adherence to company financial policiesRisk ManagementIdentify financial risks and potential cost overrunsAdvise project management on financial decisionsDevelop contingency plans for budget and cash flow challengesImplement internal controls to prevent fraud or mismanagementTeam SupervisionSupervise project accountant, junior accountant, and cashierAssign tasks and monitor performanceTrain team on company procedures and reporting standards