Finance & Controller

Department: Finance & Corporate Services

Reporting to: CEO / Group CFO

Location: Manama, Kingdom of Bahrain

Purpose of the Role

To lead SFMGC's financial governance, reporting, and compliance frameworks, ensuring statutory compliance, fiscal discipline, and operational excellence across all projects. The Finance & Controller will oversee project-based accounting, treasury, and ERP integration, aligning financial performance with corporate growth objectives, client requirements, and GCC contracting standards.

Core Responsibilities

1. Financial Governance & Reporting

• Implement IFRS-aligned accounting policies, internal controls, and reporting standards.
• Oversee monthly, quarterly, and annual financial closing, including P&L, balance sheet, and cash flow statements.
• Prepare board-level reports with detailed variance, performance, and risk commentary.
• Establish and monitor an internal audit charter and compliance calendar.
• Manage ERP integration and ensure accuracy of cross-module data flows.
• Develop and maintain a Finance SOP Manual covering all approval and reporting processes.

2. Treasury & Cash Flow Management

• Manage daily cash flow, banking positions, and liquidity planning across all projects.
• Negotiate and maintain credit facilities, guarantees, and trade instruments with local and regional banks.
• Lead project-level cash flow forecasting aligned with contract milestones, advance payments, and retention schedules.
• Manage Performance Bonds, Advance Payment Guarantees, and Retention Bonds with accurate expiry tracking.
• Monitor DSCR, DSO, DPO, and cash conversion cycle through a structured treasury dashboard.

3. Budgeting, Forecasting & Financial Analysis

• Develop annual budgets and rolling forecasts with input from commercial and operations teams.
• Conduct variance analysis between actual vs. budget and identify cost optimization opportunities.
• Develop profitability and ROI models for bids, tenders, and new capital investments.
• Present financial performance dashboards and board review packs.
• Support CEO/CFO in fundraising, sukuk issuance, and partnership negotiations.

4. Project-Based Financial Control

• Establish project cost control systems for WIP, retention, and variation tracking per project.
• Implement job costing and profit recognition in accordance with IFRS 15.
• Review project cash flow forecasts against contract milestones and client certifications.
• Support claims preparation, variation substantiation, and EOT financial assessment.
• Integrate procurement, subcontractor payments, and project cost tracking within ERP.

5. Audit, Taxation & Compliance

• Ensure full compliance with MOIC, NBR, and other GCC statutory bodies.
• Coordinate internal and external audits, ensuring timely closure of observations.
• Oversee VAT filing, reconciliation, and submission per Bahrain NBR regulations.
• Lead insurance portfolio management (CAR, Professional Indemnity, Workmen's Compensation, Marine, etc.).
• Ensure corporate tax and VAT readiness for future GCC harmonisation.

6. Risk Management & Corporate Controls

• Develop and implement risk mitigation frameworks for financial exposure, supplier risk, and FX volatility.
• Establish a Delegation of Authority (DOA) Matrix for financial approvals.
• Conduct risk-based project reviews and cost-to-completion evaluations.
• Ensure compliance with AML, anti-bribery, and ethical governance frameworks.
• Maintain a contract financial risk register for disputes, retentions, and LDs.

7. Commercial & Contract Integration

• Partner with the Commercial & Contracts Division to align financial control with BOQ-linked billing, claims, and variations.
• Review and endorse subcontractor agreements and payment certificates.
• Conduct cost-to-complete and margin-at-completion analysis on all major contracts.
• Support bid evaluation, value engineering, and margin improvement initiatives.
• Liaise with legal counsel for dispute resolution, debt recovery, and compliance reviews.

8. Digital Transformation & Process Optimization

• Lead ERP and Financial dashboard implementation covering Finance, Procurement, Projects, and HR.
• Utilize Financial dashboards for real-time project and financial monitoring.
• Automate workflows for payables, procurement, and expense control.
• Implement Business Continuity and Disaster Recovery frameworks for financial data.

9. People & Leadership Development

• Lead and mentor the finance team covering accounting, treasury, and audit functions.
• Build a culture of accountability, transparency, and continuous improvement.
• Establish succession and localisation plans in line with Bahrainisation directives.
• Conduct periodic training for IFRS, VAT, and ethics awareness.
• Introduce performance appraisal metrics tied to accuracy, timeliness, and compliance.

Qualifications & Experience

• Bachelor's Degree in Accounting, Finance, or related discipline (Master's preferred).
• Professional certification: ACCA, CPA, CMA, or CA.
• Minimum 7 years of financial management experience, with minimum 3 years in GCC contracting or EPC/construction firms.
• Deep understanding of IFRS, VAT, project finance, and cost accounting.
• Proven experience in ERP implementation and treasury management.
• Experience in managing project guarantees, LC/LG facilities, and trade finance instruments.
• Strong communication skills

Key Competencies

• Strategic Financial Planning & Analysis
• Treasury & Cash Flow Management
• IFRS & Statutory Compliance
• Contract & Project Cost Control
• Leadership & Team Development
• Digital Finance Transformation
• Audit, Risk & Control Governance
• Stakeholder & Board-Level Reporting

Job Type: Full-time