Construction Business & Financial Project Manager

Role Overview

A Construction Business & Financial Project Manager ensures the delivery and financial viability of construction projects. This hybrid role coordinates project execution while overseeing budgets, cash flow, cost controls, and financial reporting—ensuring projects finish on time, within budget, and yield targeted profits.

Key Responsibilities

1. Project Planning & Execution

• Define project scope, schedule, milestones, resources, and contract terms host.pcrecruiter.net+4en.wikipedia.org+4reddit.com+4 .
• Coordinate teams (design, engineering, contractors, subs) to ensure quality, safety, and timeline compliance .

2. Budgeting, Cash Flow & Cost Control

• Create and manage budgets, forecast cash flows, and track spending versus estimates .
• Analyze cost variances and drive cost-saving strategies reddit.com+15constructionplacements.com+15host.pcrecruiter.net+15 .

3. Financial Reporting & Stakeholder Communication

• Produce regular financial reports—income statements, cash flow, balance sheets—for project owners, execs, investors procrewschedule.com+2constructionplacements.com+2wuzzuf.net+2 .
• Collaborate with accountants, banks, auditors, and regulatory bodies .

4. Risk Management & Compliance

• Identify financial and project risks; implement mitigation strategies en.wikipedia.org+15constructionplacements.com+15mycareernetworks.com+15 .
• Ensure compliance with accounting standards, tax laws, contract terms, and internal controls wuzzuf.net .

5. Team Coordination & Communication

• Work daily with project managers to align financial forecasts with site realities reddit.com+12procore.com+12careers.pageuppeople.com+12 .
Share real-time financial data and audit performance across departments

Qualifications & Skills

• Education :
  Bachelor’s in Civil Engineering, Construction Management, Finance, Accounting, or Business .
  Accounting certifications (CPA, ACCA, CIMA, HKICPA) are highly valued careers.pageuppeople.com+1procrewschedule.com+1 . Master's or PMP/Prince2 certification is a plus.
• Experience :
  Typically 5+ years in construction or related industries, with strong accounting or finance background procore.com+15host.pcrecruiter.net+15reddit.com+15 .
• Technical & Soft Skills :
  Expertise in construction accounting, project management software, budgeting tools, and Excel reddit.com host.pcrecruiter.net+2procore.com+2reddit.com+2 .
  Communication, leadership, analytical thinking, and stakeholder management host.pcrecruiter.net .

Insider Perspective (Reddit Highlights)

From r/ConstructionManagers, a student noted:

"Finance, finance, finance. Learn about money so you can make money.. you can easily transition to a CM role if you learn on the job." reddit.com+2reddit.com+2reddit.com+2

And an experienced PM advised:

"Make sure you’re intimately familiar with the Financial Management modules... Prime Contracts, Budget, Commitments, Change Events, Change Orders, DC, Invoicing." sg.indeed.com+12careers.pageuppeople.com+12reddit.com+12 reddit.com

These insights highlight that strong financial acumen paired with technical PM know-how is a powerful combination in construction.

Salary & Career Path

• The average Construction Finance Manager in the U.S. earns between USD 125,000–135,000 , varying with location and project scale mycareernetworks.com+2levelset.com+2constructionplacements.com+2 .
Career progression can lead from Project Finance Manager Senior PM or Construction Controller
• CFO or Head of Project Controls, especially in large firms .

Summary

A construction business & financial project manager plays a dual role—overseeing both on-site execution and financial management . Success in this role demands:

• Solid grounding in project planning and construction coordination ,
• Deep competence in budgeting , cash flow management , and financial reporting ,
• Strong qualifications (engineering or finance degree + professional certifications),
• Excellent communication, leadership, and analytical skills.

This hybrid skill set offers excellent career progression, with salaries in the mid-six figures and paths toward executive-level roles overseeing multiple projects and strategic planning.