Project Accountant (Defence)

About the Role

CAE is seeking a Project Accountant (Defence) to join its agile Middle East team. This full-time position is based in Riyadh and involves supporting defence projects across the region. The Project Accountant will serve as the finance partner for a portfolio within the Defence & Security division, managing project financials from end-to-end.

Role Context and Responsibilities

The Project Accountant will work closely with Project Managers, participate in project review meetings, and provide financial insights. This role is critical for monitoring financial performance, identifying risks, and assessing the impact of key decisions on projects.

• Lead the monthly forecasting cycle for Profit & Loss (P&L) and Balance Sheet, collaborating with Project Managers during the Project Review Cycle (PRC).
• Monitor project financial performance and implement proactive measures to maximize gross margin and cash flow.
• Manage and continuously improve cost accounting practices, working with cost centre owners.
• Support the preparation of the annual budget, monthly management accounts, and statutory accounts.
• Oversee reconciliations across accounting ledgers to ensure data accuracy and accessibility.
• Contribute to business planning and investment risk evaluation processes.
• Assist with pricing and costing activities for new opportunities and Engineering Change Proposals (ECPs).
• Develop scenarios and cash-flow analyses, including Unbilled Revenue (UBR) and Unearned Revenue (UER), and support during project set-up/creation.
• Prepare ad hoc financial forecasts, models, and decision-support analyses as required.
• Ensure appropriate application of IFRS, including IFRS 15.
• Coordinate and support all internal and external audit requirements.
• Perform other related duties to support the team and business objectives.

Experience Required

Candidates should possess 5-10 years of relevant experience in project accounting, preferably within the defence sector or a related industry.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia, supporting projects across the Middle East region. The role involves working as part of an agile team within CAE's Defence & Security division.