Budget manager Jobs in Jeddah

About the Role
The Manager, Project Budget is responsible for overseeing the financial aspects of projects within the organization, including budget development, forecasting, monitoring, and reporting. This role ensures that all projects are financially aligned with company objectives and are executed within budget. The Manager will collaborate closely with project managers, department heads, and senior leadership to ensure that resources are effectively allocated, costs are controlled, and financial reporting is accurate and timely.

Project Budget Development & Planning

• Budget Creation: Lead the development and preparation of detailed project budgets.
• Cost Estimation: Estimate and allocate costs across project phases.
• Budget Approval: Present project budgets to senior management and stakeholders for approval.

Budget Monitoring & Control

• Ongoing Monitoring: Continuously monitor project expenses.
• Forecasting: Provide regular updates on budget forecasts.
• Cost Control: Develop strategies to control costs and minimize risks.

Financial Reporting & Documentation

• Variance Analysis: Perform analysis of project financials to identify variances.
• Financial Reporting: Prepare financial reports summarizing performance.
• Document Management: Ensure all financial documentation is complete and accurate.

Collaboration & Cross-Functional Coordination

• Collaboration with Project Managers: Work closely with project managers to understand project requirements.
• Stakeholder Communication: Communicate regularly with senior management and external stakeholders.

Strategic Financial Planning

• Resource Allocation: Assist in optimizing resource allocation for projects.
• Risk Management: Identify and assess financial risks.
• Continuous Improvement: Suggest and implement process improvements.

Qualifications

• Bachelor’s or Master’s degree in Finance, Accounting, Business Administration, or a related field.
• 5–8 years of total experience in financial reporting, analysis, budgeting, or accounting, with at least 3 years in a managerial role.
• Experience in Project Budgeting & Forecasting of large-scale construction projects.
• Excellent written and verbal communication skills.