Senior Manager Development Financial Analysis HB📣 إعلان

About the Role at Qiddiya

Qiddiya is seeking a Senior Manager Development Financial Analysis HB to join its team in Riyadh, Saudi Arabia. This full-time role supports the Director FP&A in managing the budgeting, planning, project accounting, and performance reporting agenda across the Sports asset portfolio. The position requires a strong foundation in construction and development-stage financial management, driving system-led automation and standardization with a focus on SAP and PRISM to ensure a single source of truth for Total Development Cost (TDC), cash flow, funding, and financial performance. The Senior Manager acts as a key financial integrator between Development, PMO, Commercial, Risk, Treasury, Development teams, and IT.

Budgeting and Forecasting Responsibilities

• Lead annual, multi-year, and rolling budget processes across assets and business units, covering pre-development, construction, and delivery phases.
• Establish and maintain TDC baselines, reforecasts, and cash-flow projections, incorporating construction progress and procurement strategies.
• Implement driver-based budgeting models linking scope, program, procurement, and construction productivity drivers to outcomes.
• Own budget phasing aligned with construction programs to support funding plans, cash calls, and liquidity management.
• Align budgets and forecasts with funding strategies, including equity, debt, drawdowns, and covenants.

Project Accounting and Financial Control

• Process and control project accounting transactions in SAP (in coordination with Finance) and PRISM, including budget uploads, transfers, commitment creation, accrual postings, and cost allocations.
• Maintain commitment and actuals tracking at project, package, and contract level, ensuring timely and accurate capture of construction costs.
• Monitor forecast-to-complete (FTC) and update projections based on certified quantities, executed variations, and procurement commitments.
• Track and record TDC movements, including approved budget changes, reallocations, and the cumulative impact of variation orders and claims.
• Record and monitor contingency, inflation, and risk drawdowns, ensuring approvals are obtained and reflected correctly in systems.
• Perform monthly reconciliations between budgets, commitments, actuals, and cash flow, investigating and resolving variances.
• Maintain complete audit trails for all budget changes, approvals, and re-baselining actions in line with governance requirements.
• Support internal and external audits by providing transaction-level support, reconciliations, and documentation.
• Ensure compliance with financial policies, approval matrices, and delegations of authority related to construction and development spend.

Planning, Reporting, and Risk Coordination

• Support asset feasibility and development-stage business planning, ensuring assumptions on construction cost, revenue, program, and lifecycle are realistic and aligned with financial strategy.
• Lead option analysis (phasing, packaging, procurement strategy, acceleration/deceleration), quantifying financial trade-offs across development and construction stages.
• Develop scenario and stress-testing models to assess impacts of inflation, delays, constructability risks, funding constraints, and scope changes.
• Deliver consolidated business unit-level financial and non-financial reporting across development and construction, including TDC baseline vs forecast vs actual, construction cost and progress variance analysis, funding availed vs required, cash-flow projections, commitments, risks, and opportunities.
• Design and deliver management, ExCo, and Board dashboards with clear construction and development narratives, embedding early-warning indicators.
• Coordinate closely with the central Risk team, integrating construction and development risk impacts into budgets, forecasts, and dashboards, while providing financial quantification and integration (risk ownership remains with the Risk function).

Systems, Data, and Transformation

• Act as the DFA lead for SAP and PRISM across construction budgeting, project accounting, and reporting.
• Drive automation of budget vs forecast vs actual reporting, aiming to eliminate spreadsheet-heavy construction cost tracking.
• Ensure seamless integration between SAP (actuals, commitments, accruals), construction cost systems (*, Unifier or equivalent), and PRISM dashboards.
• Define and maintain construction-ready data models, master data standards, and reporting hierarchies (WBS, CBS, asset, BU).
• Lead the adoption of standard templates, workflows, and system-based controls.
• Partner with Finance, IT, CDU, DMO, and Construction teams on continuous improvement of DFA systems and analytics capability.

Required Experience and Location

Candidates for this full-time position should possess 5-10 years of relevant experience in financial analysis, budgeting, and project accounting, with a strong background in construction and development-stage financial management. Proficiency with SAP and PRISM systems is essential. The role is based in Riyadh, Saudi Arabia.