Head of Project

4 days ago

Lagos, Lagos, Nigeria JMG Limited Full time ₦1,200,000 - ₦3,600,000 per year

Reports to: Group CFO

Strong Dotted Line to: Chief Operating Officer (COO)

Interfaces: Head of Billing, FP&A, Treasury, Procurement, Operations, and Supply Chain

POSITION SUMMARY

The Head of Projects ensures complete financial and operational control of all projects across the group — overseeing budgets, margins, billing milestones, and project cashflows. This role sits under the Group CFO to safeguard project profitability, revenue recognition, and working-capital discipline, while maintaining a strong functional collaboration with the COO to validate progress and resolve operational bottlenecks.

CORE RESPONSIBILITIES

A. Project Financial Control

Budget Ownership; approve and monitor all project budgets with FP&A and Operations.

Project Cost Tracking; review material, labor, logistics, and subcontractor costs against approved budgets.

Margin & Variance Analysis; analyze project margins, BOM variances, and scope deviations.

Cashflow Forecasting; prepare project cashflow forecasts (planned inflows vs. outflows) and share with Group Treasury.

Funding Alignment (GT-ID); ensure each project is linked to a valid Group Treasury ID for tracking receipts and supplier payments.

B. Billing & Revenue Validation

Milestone Validation; approve milestones for billing only after confirming operational completion and documentation.

Billing Coordination; coordinate with Head of Billing to issue invoices based on approved milestones and GT-ID linkage.

Revenue Compliance; ensure revenue recognition follows IFRS 15 and group policies.

Deferred Revenue Review; validate project advances, unearned revenue, and contract liabilities with Group Controller.

C. Reporting & Governance

Project Dashboard; maintain milestone tracker (planned vs. achieved) and cost variance dashboard.

Project Performance Review; lead monthly project review meetings with Operations, Finance, and Procurement.

Reporting to CFO; submit consolidated project summary (budget, cost, cashflow, margin) monthly.

KPI Tracking; track DSO on project receivables, project profitability %, and milestone achievement rate.

D. Operational Coordination

Progress Validation; work with Operations and Engineering to confirm physical progress before billing.

Material & Procurement Interface; ensure procurement aligns with project timelines and budgets.

Risk & Issue Escalation; report project delays, cost overruns, or funding gaps to CFO and COO.

Audit Support; provide project-level reconciliations and documentation to internal/external auditors.

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