Budget specialist Jobs in Riyadh

Join Our Team as a Project Budgeting Specialist
We are seeking a highly analytical and detail-oriented Project Budgeting Specialist to join our Project Management team. This key role is essential to ensuring that all project budgets are accurately developed, monitored, and controlled throughout the project lifecycle.

Key Responsibilities

• Project Budget Development:
  • Build detailed baseline budgets for new projects.
  • Identify direct and indirect cost components.
  • Develop forecasting models and cost breakdown structures (CBS).
• Cost Monitoring & Control:
  • Track actual expenditures versus budget.
  • Prepare variance analysis and financial performance reports.
  • Recommend corrective actions to keep projects within budget.
• Financial Forecasting:
  • Update cost forecasts based on project progress.
  • Support risk analysis and cost contingency planning.
• Collaboration & Coordination:
  • Work closely with PMO, Finance, Procurement, and Operations.
  • Support funding approvals, change requests, and procurement decisions.
• Compliance & Quality:
  • Ensure budgets follow internal controls, audit requirements, and client or regulatory guidelines.

Who We’re Looking For
A numbers-driven professional with strong analytical and Excel modeling skills is essential. The successful candidate should be able to maintain accuracy while managing multiple projects simultaneously, be proactive in understanding project cost structures and financial sustainability, and thrive in deadline-driven environments handling urgent tasks when needed.

Qualifications

• Bilingual (Arabic and English mandatory).
• Minimum 3 years of experience in project budgeting, financial planning, or cost control.
• Bachelor’s degree in Finance, Accounting, Project Management, or a related field.
• Strong proficiency in Excel (cost models, forecasting, pivot tables).
• Experience working on projects within Saudi Arabia (government or private sector).
• Familiarity with project management methodologies is a plus.
• High accuracy, strong analytical ability, and excellent time management skills.