Principal Financial Analyst

About Raytheon

Raytheon, a global aerospace and defense company, leverages over a century of experience and engineering expertise to address current mission needs and future threats. The company provides solutions that support national defense and allied security, contributing to a safer world. Raytheon is committed to pushing scientific boundaries and developing new ways to connect and protect globally.

Role Summary

Raytheon Saudi Arabia is seeking a Principal Financial Analyst to support its Saudi Arabia Programs portfolio. This full-time position is based in Riyadh, Saudi Arabia, and requires 5-10 years of relevant experience. The role is for a seasoned professional contributor with advanced knowledge in program finance, financial planning and analysis, and indirect cost rate management. The successful candidate will operate autonomously with limited oversight, serving as a strategic business partner to program and functional leadership across active in-Kingdom programs. This position directly impacts operational results within the finance work area, involving coaching junior finance professionals, influencing policies, and managing complex financial deliverables.

Key Responsibilities

• Lead the preparation of weekly and monthly program financial reports and customer financial deliverables.
• Manage monthly sales, profit, and cash forecasting for the assigned program portfolio.
• Lead quarterly Estimates at Completion (EAC) development, including cost, schedule, risk, and opportunity analysis.
• Perform detailed variance analysis against budget baselines and communicate findings to program and finance leadership.
• Develop and maintain Work Breakdown Structures (WBS).
• Support the preparation of cost CDRLs, including Integrated Program Management Reports (IPMRs) and Contractor Funding Summary Reports (CFSRs).
• Support proposal cost development and basis of estimate preparation for new business opportunities.
• Analyze and monitor indirect cost rates (overhead, G&A, fringe) against budgeted and forecasted pools and bases.
• Support the development and maintenance of forward pricing rate estimates and submissions.
• Assess the impact of indirect rate variances on program cost positions and EAC development.
• Partner with accounting and estimating functions to reconcile actual indirect charges against applied rates.
• Identify trends and variances in indirect cost pools and communicate risks and opportunities to leadership.
• Coach and review the work of junior finance professionals, providing guidance on deliverables, analytical approach, and professional development.
• Serve as a strategic business partner to program managers, contracts, engineering, and operations functions.
• Influence financial policies, practices, and procedures within the finance work area.
• Prepare and present financial analysis to senior program and finance leadership.
• Support ad hoc financial investigations, special projects, and senior leadership requests.

Required Qualifications

• University Degree in Finance, Accounting, Business, Economics, or a related field from a recognized Saudi or international university, with a minimum of 5 years of relevant finance or accounting experience; or an advanced degree in a related field with a minimum of 3 years of relevant experience.
• Demonstrated experience in program financial analysis, EAC development, or cost controls in a project- or contract-based environment.
• Experience with indirect cost rate structures, cost pool analysis, or forward pricing.
• Advanced proficiency in Microsoft Excel and PowerPoint; experience with SAP or equivalent ERP/financial systems.
• Strong verbal and written communication skills in English, including experience presenting to senior leadership.

Preferred Qualifications

• Experience supporting Earned Value Management (EVM) on government or defense contracts.
• Knowledge of government contracting financial requirements.
• Proven ability to manage small projects or processes within area of responsibility with limited oversight.
• Experience coaching or mentoring junior finance staff.
• Continuous improvement mindset with a track record of identifying and implementing process improvements.
• Experience with OneStream, SAP Business Warehouse, or similar financial planning tools.
• Background in aerospace, defense, or government contracting finance.

Work Environment

This is a full-time position located in Riyadh, Riyadh, Saudi Arabia, within a dynamic and collaborative finance team supporting Raytheon's Saudi Arabia Programs portfolio.