Senior Manager Commercial (Development Accounting)

About the Role

Qiddiya Investment Company is seeking a Senior Manager - Commercial (Development Accounting) to join their team in Riyadh, Riyadh Province. This full-time role involves leading development accounting and commercial finance activities for various development programs and projects. The Senior Manager will ensure accurate financial reporting, robust cost governance, effective budget control, and comprehensive financial performance management throughout the project lifecycle.

Role Purpose and Impact

The primary purpose of this role is to provide financial and commercial oversight of development expenditures, commitments, forecasts, and investment performance. This oversight is crucial for supporting informed decision-making and effective capital management. The Senior Manager will also be responsible for driving financial governance, compliance, and process excellence, aligning these efforts with strategic development and commercial objectives.

Key Responsibilities

• Lead development accounting activities across assigned development projects, portfolios, and capital investment programs.
• Oversee project cost accounting, capitalization processes, expenditure tracking, accruals, reconciliations, and financial reporting.
• Manage development budgets, forecasts, commitments, cash flow projections, and financial performance monitoring.
• Review and validate project-related financial transactions, contractor payments, consultant invoices, and capital expenditure allocations.
• Ensure compliance with accounting standards, capitalization policies, financial governance requirements, and internal controls.
• Collaborate with Development, Commercial, Project Delivery, Procurement, Treasury, and Finance teams to ensure financial alignment and reporting accuracy.
• Support business case development, investment evaluations, development feasibility assessments, and financial decision-making processes.
• Monitor project financial risks, funding requirements, cost variances, and forecast changes, recommending corrective actions as necessary.
• Lead month-end, quarter-end, and year-end development accounting activities and reporting requirements.
• Prepare financial reports, executive dashboards, management presentations, and governance submissions related to development performance.
• Coordinate audit activities and ensure the availability of accurate financial records, supporting documentation, and accounting evidence.
• Lead and develop development accounting teams while promoting continuous improvement, automation, and financial best practices.

Qualifications and Experience

Candidates for this position should possess over 10 years of relevant experience in development accounting and commercial finance, ideally within large-scale development projects or capital investment programs. A strong understanding of financial reporting, cost governance, budget control, and financial performance management is essential.

Key Interactions

This role requires extensive collaboration and interaction with various internal and external stakeholders to ensure financial alignment and reporting accuracy.

• Internal: Development Teams, Commercial Teams, Project Delivery Teams, Finance and Accounting Teams, Treasury Team, Procurement Department, Internal Audit, Executive Leadership.
• External: External Auditors, Consultants, Contractors, Financial Advisors, Regulatory Authorities, Service Providers.

Application Process

Qiddiya Investment Company invites qualified candidates to apply for this Senior Manager position. The salary for this role will be disclosed during the interview process.