Principal Financial Analyst ( / )📣 Job Ad

About Raytheon

Raytheon, part of RTX, is a global aerospace and defense company with over 100 years of experience and renowned engineering expertise. The company is dedicated to meeting today’s mission needs and anticipating tomorrow’s threats, delivering solutions that help nations and allies defend freedoms and deter aggression, thereby contributing to a safer and more secure world.

Role Overview

Raytheon Saudi Arabia is seeking a Principal Financial Analyst to support its Saudi Arabia Programs portfolio. This full-time position, based in Riyadh, Saudi Arabia, is a seasoned professional contributor role. It requires advanced knowledge of program finance, financial planning and analysis, and indirect cost rate management. The successful candidate will work autonomously with limited oversight, serving as a strategic business partner to program and functional leadership across active in-Kingdom programs. This role operates at a level that directly impacts operational results within the finance work area, including coaching and reviewing the work of junior finance professionals.

Key Responsibilities

• Lead the preparation of weekly and monthly program financial reports and customer financial deliverables.
• Manage monthly sales, profit, and cash forecasting across the assigned program portfolio.
• Lead quarterly Estimates at Completion (EAC) development, including cost, schedule, risk, and opportunity analysis.
• Perform detailed variance analysis to budget baselines and communicate findings to program and finance leadership.
• Develop and maintain Work Breakdown Structures (WBS).
• Support the preparation of cost CDRLs, including Integrated Program Management Reports (IPMRs) and Contractor Funding Summary Reports (CFSRs).
• Support proposal cost development and basis of estimate preparation for new business opportunities.
• Analyze and monitor indirect cost rates (overhead, G&A, fringe) against budgeted and forecasted pools and bases.
• Support the development and maintenance of forward pricing rate estimates and submissions.
• Assess the impact of indirect rate variances on program cost positions and EAC development.
• Partner with accounting and estimating functions to reconcile actual indirect charges against applied rates.
• Identify trends and variances in indirect cost pools and communicate risks and opportunities to leadership.
• Coach and review the work of junior finance professionals, providing guidance on deliverables, analytical approach, and professional development.
• Serve as a strategic business partner to program managers, contracts, engineering, and operations functions.
• Influence financial policies, practices, and procedures within the finance work area.
• Prepare and present financial analysis to senior program and finance leadership.
• Support ad hoc financial investigations, special projects, and senior leadership requests.

Required Qualifications

• University Degree in Finance, Accounting, Business, Economics, or a related field from a recognized Saudi or international university, with a minimum of 5 years of relevant finance or accounting experience; or an advanced degree in a related field with a minimum of 3 years of relevant experience.
• Saudi Arabian national.
• Demonstrated experience in program financial analysis, EAC development, or cost controls in a project- or contract-based environment.
• Experience with indirect cost rate structures, cost pool analysis, or forward pricing.
• Advanced proficiency in Microsoft Excel and PowerPoint; experience with SAP or equivalent ERP/financial systems.
• Strong verbal and written communication skills in both Arabic and English, including experience presenting to senior leadership.

Preferred Qualifications

• Experience supporting Earned Value Management (EVM) on government or defense contracts.
• Knowledge of government contracting financial requirements.
• Proven ability to manage small projects or processes within area of responsibility with limited oversight.
• Experience coaching or mentoring junior finance staff.
• Continuous improvement mindset with a track record of identifying and implementing process improvements.
• Experience with OneStream, SAP Business Warehouse, or similar financial planning tools.
• Background in aerospace, defense, or government contracting finance.

Application Information

This full-time role offers an opportunity to contribute to critical programs within the aerospace and defense sector in Riyadh, Saudi Arabia.