Specialist Budget & Costing

About the Role

Al-Ayuni Investment and Contracting Company is seeking a Specialist II, Budget & Costing to join their team in Riyadh, Saudi Arabia. This full-time role is responsible for supporting budgeting, forecasting, costing, financial reporting, and performance analysis activities. The specialist will provide accurate financial insights, prepare management reports and dashboards, monitor costs and budget performance, and support business decision-making through data analysis.

Key Responsibilities

• Assist in the preparation of annual budgets, forecasts, and business plans, including collecting, reviewing, and consolidating budget inputs from various departments.
• Prepare supporting schedules, working files, and budget analysis reports, and maintain budgeting templates, financial models, and planning databases.
• Support the Budget & Costing Manager in forecasting and planning activities.
• Assist in preparing cost analyses for manpower, equipment, projects, and operational activities, and identify significant cost variances.
• Support the development and maintenance of costing models and rate calculations.
• Assist in the preparation, review, and reconciliation of customer billing and invoicing data, validating information against approved rates, contracts, timesheets, and supporting documentation.
• Coordinate with Operations, Projects, Payroll, and other stakeholders to ensure billing accuracy, support monthly billing cycles, and ensure timely invoice preparation and submission.
• Investigate and resolve billing discrepancies and reconciliation issues, prepare billing analysis reports, and support revenue tracking activities.
• Reconcile purchase orders with timesheets and billing, and create contracts in Oracle for projects.
• Prepare recurring financial and operational reports, support monthly, quarterly, and annual reporting requirements, and assist in preparing presentations and reports for management meetings.
• Develop and maintain reports and dashboards using Power BI, support reporting automation and continuous improvement initiatives, and validate data accuracy and consistency.
• Generate ad-hoc reports and analyses, extract, validate, and reconcile data from ERP systems and other sources, and assist in improving reporting processes and data quality controls.
• Ensure the confidentiality and integrity of financial and business information.
• Perform any other duties, assignments, analyses, or special projects as directed by the Budget & Costing Manager or Finance Management, and provide support for departmental initiatives.

Experience Required

Candidates for this position should have 2-5 years of relevant experience in budgeting, costing, and financial analysis.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia, within the Al-Ayuni Investment and Contracting Company.