Budget Specialist📣 Job Ad

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.

Position Summary:
The Senior Budgeting Specialist is responsible for managing and controlling project budgets, cost centers, and financial records, ensuring accurate forecasting, cost control, and compliance with established cost coding systems across major projects. This role supports project management teams by analyzing budgets, managing cash flow, performing cost-benefit analyses, preparing financial reports, and providing strategic financial advice to senior management and government stakeholders.

General Description of Role and Responsibilities:

• Performing Project Management tasks, duties, and responsibilities as directed by the Manager, Engineering & Projects Division.
• Implementing budgeting and financial record keeping procedures to ensure efficient coordination of various departmental and designated accounts.
• Follow the Cost coding system implemented in the program.
• Develop cost centers for each project.
• Analyze Existing Budgets.
• Develop Budgets and Forecasts.
• Perform Cost-Benefit Analyses.
• Manage Cash Flow.
• Provide Financial Advice and prepare Budget Reports.
• Ensure compliance with the relevant Quality, Environmental, Safety and Occupational Health Policies, Manuals and Procedures.
• Perform other duties as assigned by the line manager/supervisor.

Qualifications, Experience, Knowledge and Skills:

• Bachelor / Master Degree in Accounting or Engineering from an accredited university.
• Minimum 15 years experience in related field on national / international major initiatives and developments.
• Extensive knowledge and experience in project budgeting.
• Strong communication and negotiation skills in both Arabic and English.
• Excellent Verbal and written communication skills.