Head of Project Controlling

Vacancy Head of Project Controlling (External & Internal)

Appointments will be made in line with the company's employment equity plan. People with Disability are encouraged to apply.

Gibela's journey is intrinsically tied to a vision of socio-economic transformation, one that recognises the central role of passenger rail in propelling the South African economy forward. As we embark on this mission, we stand at the crossroads of opportunities and progress, where the revitalisation of commuter rail serves as a cornerstone for building a brighter future.

Gibela stands as Africa’s largest train manufacturing and passenger trains maintenance company, holding steadfast to its commitment to spearheading the revival of the South African railway sector. With a transformative vision, Gibela endeavored to catalise the shift towards commuter rail as the preferred mode of transport for urban communities.

The position will report to the Chief Financial Oficer and is based in Dunnottar, Nigel.

The primary focus of this position is to manage the implementation of project financial controls and oversee project reviews from initiation to contract completion to confirm margins. Conduct medium and long-term reforecasts throughout the project lifecycle and partner with the Project Director, Chief Financial Officer and Chief Executive Officer to provide analysis to group management.

Oversee monthly and 6-monthly work package reviews and forecasts to ensure adequate financial resources are available to meet operational requirements.

• Supports the Project Manager and the Project Team in the controlling/financial management of the project.
• Support team to challenge forecast data as per defined work package and wbs structures.
• Ensuring data is consistent with the operational plan and assumptions.
• Reviewing or performing variance analysis on actual performance against planned.
• Reporting internally and to group on the project(s) performance and at completion view.
• Enforce project review process, management and forecasting of expected costs, revenues, risks and opportunities
• Manage project bonds (calculation of exposure) and hedging to limit exposure, approve bond expenses. Participate in the project Steering Committee, Risk analysis meetings and all decision-making concerning financial or contractual aspects of the project.
• Ensure/review consistency between GSI and project review data, actuals and at completion data.
• Interface with project controller community and update team on new developments.
• Approve invoicing to customer and ensure submitted timeously
• Partner with risk manager and project controllers to identify, compute and incorporate within the risk register and systems.
• Challenge the Estimate to Complete in order to maximise the Project Margin.
• Consolidate CPR pack - elimination of intercompany transactions.
• Control and optimizing the project results through close involvement with the Project Manager and WP.
• Owners/Project Sub-system Managers.
• Validate e-project portal, sign-off of project review data.

• At completion selling price calculation, encompassing all anticipated inflows and economic adjustments.
• Tracking and recording, circulating relevant local and international index updates.
• Manage PO and login credentials of econometrix and SEIFSA datatbases and support.
• Sensitivity calculation (CPA and Firming).
• Preparation of "position paper", justification of long-term indices.
• CPA meeting with customers, preparation/review.
• Computation of firming within projects and sensitivity to inputs.

• Review and release payments from banking porta.l
• Plan and account for hedging/forward contracts at a business and project level…