About the role

The CWIP Lead ( Capitalization Work in progress ) is responsible for overseeing financial performance, governance, and compliance for assigned projects. This role ensures accurate budgeting, forecasting, cost control, reporting, and financial risk management throughout the project lifecycle. The position works closely with project managers, operations, commercial teams, and senior leadership to drive project profitability and financial discipline.

Key Responsibilities

1. Financial Planning & Budgeting

Develop, monitor, and update project budgets in alignment with contractual scope and internal guidelines.
Validate cost estimates, revenue projections, and cash-flow plans.
Lead periodic re-forecasting cycles based on project progress and risks.

2. Project Cost Control

Track project costs versus budget and highlight variances proactively.
Set up cost-control frameworks, WBS, and reporting structures.
Ensure accurate allocation of direct and indirect project costs.

3. Reporting & Analysis

Prepare monthly/quarterly project financial reports including P&L, cash flow, and margin analysis.
Provide management with actionable insights on performance drivers and variances.
Support audits and compliance reviews with accurate financial documentation.

4. Revenue & Billing Management

Review contracts to understand billing terms, milestones, and financial deliverables.
Ensure timely invoicing and revenue recognition as per applicable accounting standards (IFRS/GAAP).
Monitor receivables, cash collection, and working capital position of the project.

5. Project Governance & Compliance

Ensure adherence to corporate policies, internal controls, and statutory requirements.
Support risk identification, mitigation planning, and internal reporting frameworks.
Participate in internal/external audits and ensure corrective actions are completed.

6. Business Partnering

Work closely with Project Managers to support decision‑making with financial insights.
Participate in project reviews, steering committees, and cross‑functional discussions.
Act as a trusted advisor to operations and leadership teams on financial matters.

7. Contract & Change Management

Review financial impact of change orders, claims, and contract amendments.
Ensure commercial terms are reflected correctly in financial models and forecasts.
Track approved variations and incorporate in project budgets.

8. Tools & Systems

Maintain financial data in ERP (SAP/Oracle/MS Dynamics or equivalent).
Ensure accuracy of project master data, cost codes, and system controls.
Drive automation and improvements in project financial processes.

Key Skills & Competencies

Strong financial analysis and modelling skills
Expertise in budgeting, forecasting, and cost control
Understanding of project accounting principles (IFRS/GAAP)
Advanced Excel and ERP system proficiency
Strong communication and stakeholder management
Attention to detail and problem‑solving mindset
Ability to manage multiple projects under tight timelines

#BAL

Lead - CWIP- Project Finance

About the role