Senior Manager Commercial (Development Accounting)

About the Role

Qiddiya is seeking a Senior Manager Commercial (Development Accounting) to lead development accounting and commercial finance activities for development programs and projects. This full-time position is based in Riyadh and requires over 10 years of experience. The role ensures accurate financial reporting, cost governance, budget control, and financial performance management throughout the project lifecycle.

Role Purpose and Context

The Senior Manager will provide financial and commercial oversight of development expenditures, commitments, forecasts, and investment performance. This oversight supports informed decision-making and effective capital management. The role is also responsible for driving financial governance, compliance, and process excellence while supporting 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 activities.
• 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 where 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.

Required Experience

• A minimum of 10 years of relevant experience in development accounting and commercial finance.

Key Interactions

This role involves extensive collaboration with various internal and external stakeholders to ensure financial alignment and operational efficiency.

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