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Contract TypeContract TypeFull-time
Workplace typeWorkplace typeOn-site
LocationLocationRiyadh

About the Project Financial Specialist Role

Our subsidiary, Jadaya, is seeking a Project Financial Specialist to manage the financial aspects of projects within the PMO. This full-time position, based in Riyadh, requires 5-10 years of experience and involves budgeting, forecasting, financial reporting, and ensuring compliance with financial policies. The specialist will collaborate with PMO Operations, Program Management, project managers, and stakeholders to monitor financial performance, identify variances, and implement corrective actions.

Key Responsibilities

  • Develop and implement cost control policies and procedures to monitor and manage project expenditures.
  • Collaborate with Portfolio/Program/Project Managers and owners to prepare project budgets, forecast costs, and ensure efficient use of financial resources.
  • Monitor project spending against budgets, timelines, resource allocation, and forecasts, identifying variances and recommending corrective actions.
  • Prepare financial reports, collect, and analyze data for project stakeholders, highlighting cost performance and trends.
  • Work with finance departments to manage project-related contracts, invoices, and Certificates of Completion (CoC's) through designated systems.
  • Implement financial risk management mitigation plans to minimize project cost overruns.
  • Advise project teams on cost-saving measures and financial best practices.
  • Resolve project financial issues in collaboration with various departments and teams.

Required Qualifications

  • Bachelor's degree in Finance, Accounting, Economics, Business Administration, or a related field. An MBA or Master's in Finance is preferred.
  • Professional certifications in Project and Program Management (*, PMP, PRINCE2) or equivalent are preferred.
  • Minimum of 4 years of experience in project finance, financial analysis, or financial management within projects.

Essential Skills and Expertise

  • Proficiency in analyzing financial data, developing accurate forecasts, and evaluating project viability for strategic decision-making.
  • Expertise in developing, managing, and monitoring project budgets for effective financial control and alignment with project objectives.
  • Ability to accurately estimate project costs and proactively identify potential financial risks for informed budgeting and resource allocation.
  • Proficiency in accounting principles and data analysis techniques.
  • Strong reporting skills, including preparing comprehensive financial reports and effectively presenting findings.
  • Expertise in accounting tools and project budget management.

Work Location and Type

This is a full-time position. The job location is specified as Client Site in Riyadh.

Requirements

  • Requires 5-10 Years experience

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