Finance Jobs in Saudi Arabia

About The Role
We are seeking an experienced Finance Manager to lead our financial operations in Jubail. The successful candidate will oversee financial reporting, budgeting and forecasting processes, ensure compliance with accounting principles, conduct in-depth financial analysis, and manage financial risks to support strategic decision-making.

Responsibilities:

• Prepare and present monthly, quarterly, and annual financial reports to senior management.
• Develop, manage, and monitor budgeting and forecasting processes.
• Ensure compliance with accounting principles, local regulations, and internal controls.
• Conduct financial analysis to identify trends, variances, and opportunities for cost optimization.
• Identify, assess, and mitigate financial risks across operations.
• Collaborate with cross-functional teams to support business planning and investment decisions.
• Lead, mentor, and develop finance team members.
• Implement and improve financial policies, procedures, and systems.

Required Qualifications:

• Bachelor’s degree in Finance, Accounting, or a related field.
• 5–12 years of progressive finance experience, including managerial responsibilities.
• Proven expertise in financial reporting, budgeting and forecasting, accounting principles, financial analysis, and risk management.
• Advanced proficiency in financial software and Microsoft Excel.
• Strong analytical, problem-solving, and communication skills.
• Thorough knowledge of local regulatory requirements and GAAP.

Preferred Qualifications:

• Professional certification such as CPA, CMA, or equivalent.
• Master’s degree in Finance, Business Administration, or related discipline.
• Experience in the manufacturing or industrial sector.
• Familiarity with ERP implementation and optimization.
• Demonstrated ability to drive process improvements and change management.

The job tasks include following up and collecting financial dues from clients and debtors according to the approved policies and procedures, in addition to communicating with clients via phone, negotiating with clients and convincing them to pay regarding the overdue dues, preparing periodic reports on the status of debts, and setting and following up on appropriate repayment plans in coordination with the relevant parties. The job also requires high communication skills and the ability to handle work pressure and deadlines.

About the Role

OHLA Group is seeking an experienced Cost Engineer to join its team in Jeddah, Makkah, Saudi Arabia. This full-time position requires a professional with a strong background in the commercial and tendering aspects of construction projects. The Cost Engineer will be responsible for preparing accurate cost estimates, managing tender pricing, developing budgets, conducting cost analysis, and monitoring project costs throughout their lifecycle to ensure accurate forecasting, competitive bidding, and project profitability.

Key Responsibilities

• Review tender documents, drawings, specifications, and contract requirements to understand project scope and cost implications.
• Prepare detailed cost estimates and pricing for construction projects, ensuring all cost components are accurately captured.
• Analyze and quantify material, labor, equipment, subcontractor, and indirect costs to establish a comprehensive cost base.
• Obtain, evaluate, and negotiate quotations from suppliers and subcontractors.
• Prepare Bills of Quantities (BOQ) pricing and compile comprehensive tender submissions.
• Participate in tender clarification meetings and engage in commercial negotiations.
• Conduct cost benchmarking exercises and perform market price analysis.
• Develop detailed project budgets and cost plans aligned with project objectives.
• Monitor project expenditures against approved budgets and identify deviations.
• Prepare regular cost reports, financial forecasts, and cash flow projections.
• Identify cost variances, investigate root causes, and recommend corrective actions.
• Support the preparation and evaluation of variation orders and claims.
• Coordinate with project teams to ensure cost-effective execution and budget adherence.
• Assist in contract administration processes and conduct commercial risk assessments.
• Prepare periodic cost performance reports for management.
• Track committed costs, actual costs incurred, and forecasted costs.
• Analyze project profitability and financial performance.
• Maintain accurate cost databases and historical records.

Qualifications and Requirements

• Bachelor’s Degree in Civil Engineering.
• Minimum of 5 years of experience as a Cost Engineer within the construction industry.
• Minimum of 3 years of experience working in Saudi Arabia with a contracting company.
• Proven experience in commercial management, tendering, and cost estimation.
• Strong experience in preparing construction cost estimates and tender submissions.
• Experience in infrastructure, building, or large-scale construction projects is preferred.
• Demonstrated experience in cost control, budgeting, and project financial monitoring.

Required Skills

• Proficiency in preparing detailed cost estimates and tender pricing.
• Expertise in cost analysis, budgeting, and financial monitoring of construction projects.
• Strong knowledge of construction methods, Bills of Quantities (BOQs), and contract documents.
• Proficiency in Microsoft Excel and specialized cost estimation software.
• Familiarity with ERP systems and project cost management tools.
• Knowledge of FIDIC contracts is preferred.
• Excellent analytical and numerical skills for financial assessment and forecasting.
• Strong commercial awareness and understanding of market dynamics.
• Effective problem-solving skills to address cost-related challenges.
• High attention to detail and accuracy in all financial and cost-related tasks.
• Strong negotiation and communication skills for interacting with stakeholders and suppliers.
• Ability to work effectively under pressure and meet demanding tender deadlines.
• Proven teamwork capabilities and effective stakeholder management.

Work Context

This is a full-time position based in Jeddah, Makkah, Saudi Arabia. The role requires over 10 years of experience, with a specific emphasis on commercial management and tendering functions within construction projects.

About the Role

AECOM, a global infrastructure consulting firm, is seeking an experienced Cost Engineer to join its project controls team in Makkah, Saudi Arabia. This full-time role involves managing project costs, ensuring budget performance, and maintaining financial accountability throughout engineering, procurement, and construction phases. The position requires collaboration with cross-functional teams to provide accurate cost reporting and support informed decision-making within a dynamic project environment.

Key Responsibilities

• Manage cost tracking, commitments, actuals, and incurred costs against approved budgets, ensuring accuracy and transparency.
• Monitor and analyze cost performance across all project stages, identifying variances, trends, and risks.
• Validate invoices, progress claims, and contractor payment applications against work performed.
• Prepare comprehensive weekly and monthly cost reports, including cost summaries, variance analysis, and forecast updates.
• Report cost trends, budget deviations, and potential risks to project stakeholders.
• Lead the preparation of cash flow forecasts and cost-to-complete analyses.
• Evaluate and analyze change notices and change orders, assessing their cost impacts.
• Assess cost implications of scope changes, schedule delays, and productivity variances, providing recommendations.
• Maintain change management logs and ensure alignment with project controls procedures.
• Lead Earned Value Management (EVM) calculations and integrate cost and schedule metrics.
• Analyze cost and schedule variances, preparing performance indices and trend forecasts.
• Collaborate with planning teams to ensure accurate progress measurement and cost tracking.
• Maintain and optimize project cost databases for accuracy, integrity, and accessibility.
• Lead the implementation and optimization of cost control software and tools.
• Develop and maintain cost tracking templates and reporting dashboards.
• Collaborate with project managers, discipline leads, procurement teams, and contractors to validate cost information and resolve discrepancies.
• Participate in project progress meetings, providing cost insights and supporting problem-solving.
• Support internal and external audits related to cost control.
• Mentor junior cost engineers and support team development.

Qualifications and Requirements

• Bachelor's degree in Engineering, Finance, Accounting, Construction Management, or a related field.
• Minimum of 7 years of professional experience in cost control, cost engineering, or project controls.
• Extensive experience on large-scale EPC/EPCM projects in mining, oil & gas, energy, infrastructure, or industrial sectors.
• Advanced proficiency in Microsoft Excel, including pivot tables, complex formulas, and dashboard development.
• Demonstrated expertise with cost control systems such as Prism, EcoSys, SAP, Oracle, or similar enterprise platforms.
• Strong analytical and quantitative skills with exceptional attention to detail and data integrity.
• Comprehensive understanding of project progress measurement, forecasting methodologies, and change management processes.
• Advanced proficiency in Earned Value Management (EVM) principles and calculations.
• Excellent communication and documentation skills, with the ability to present complex cost data clearly.
• Proven ability to work independently and collaboratively, supporting multiple stakeholders and project teams.
• Strong organizational skills and capability to manage multiple priorities in fast-paced environments.
• Strategic problem-solving mindset with the capability to analyze cost trends and recommend data-driven solutions.
• Resilience and adaptability in dynamic project environments.
• A Master's degree in a related field is preferred.
• Experience mentoring junior cost engineers or leading cost control teams is preferred.
• Proven expertise in invoice validation, payment application review, and cost claim management is preferred.
• Advanced knowledge of forecasting methodologies and cost-to-complete analysis techniques is preferred.
• Extensive experience with multi-discipline industrial projects and complex EPC/EPCM environments is preferred.
• Track record of supporting internal and external project audits and regulatory compliance reviews is preferred.
• Professional certification in project management or cost engineering (PMP, AACE, or equivalent) is preferred.
• Experience implementing or optimizing cost control systems and process improvements is preferred.

Required Skills

• Cost Tracking, Commitments, Actuals, and Incurred Costs
• Budget Performance and Financial Accountability
• Cost Reporting, Variance Analysis, and Forecast Updates
• Cost Performance Analysis and Risk Identification
• Invoice Validation, Progress Claims, and Contractor Payment Applications
• Cost Claim Management and Dispute Resolution
• Cost Trends Analysis and Mitigation Planning
• Cash Flow Forecasts and Cost-to-Complete Analysis
• Forecasting Methodologies and Resource Allocation
• Change Notices, Change Orders, and Cost Impact Assessment
• Change Management Processes and Logs
• Scope Changes, Schedule Delays, and Productivity Variances Assessment
• Project Controls Procedures and Governance Frameworks
• Earned Value Management (EVM) and Integrated Project Controls
• Cost and Schedule Integration and Performance Indices (CPI, SPI)
• Trend Forecasts and Project Progress Measurement
• Project Cost Databases Management
• Cost Control Software (Excel, ERP Systems, Project Controls Platforms)
• Process Improvements and System Enhancements
• Cost Tracking Templates and Reporting Dashboards
• Stakeholder Engagement and Cost Information Validation
• Discrepancy Resolution and Project Progress Meetings
• Cost Insights and Collaborative Problem-Solving
• Internal Audits, External Audits, and Cost Control Audits
• Regulatory Compliance
• Mentoring and Team Development
• Continuous Improvement and Professional Excellence
• Microsoft Excel (Pivot Tables, Complex Formulas, Dashboard Development)
• Cost Control Systems (Prism, EcoSys, SAP, Oracle)
• Analytical and Quantitative Skills
• Attention to Detail and Data Integrity
• Communication and Documentation Skills
• Presentation Skills
• Independent Work and Collaboration
• Stakeholder Support
• Organizational Skills and Priority Management
• Problem-Solving and Root Cause Analysis
• Data-Driven Solutions
• Resilience and Adaptability
• Cost Control Software Implementation and Process Optimization
• Forecasting Techniques
• Industrial Projects and EPC/EPCM Environments
• Audit Support
• Project Management Certification (PMP, AACE, or equivalent)
• Cost Engineering Certification

Work Environment and Location

This is a full-time, on-site position based in Makkah, Saudi Arabia. The role operates within a fast-paced, goal-oriented environment, requiring collaboration with diverse project teams. AECOM is committed to a secure recruitment process, with all new hires required to attend an in-person Day 1 onboarding at an AECOM office location.

Join AECOM and Be a Part of Something Great!
At AECOM, our mission is to deliver a better world. We are seeking a Cost Engineer to become a critical part of our project controls team in Makkah, Saudi Arabia. As a Cost Engineer, you will manage project cost, enhancing budget performance and ensuring financial accountability across all phases of our projects.

Key Responsibilities:

• Take ownership of cost tracking, commitments, and incurred costs against approved budgets.
• Monitor and analyze cost performance throughout engineering, procurement, construction, and commissioning stages.
• Prepare detailed weekly and monthly cost reports tailored to stakeholders.
• Evaluate change notices and assess cost impacts.
• Lead Earned Value Management (EVM) calculations and integration of cost and schedule metrics.
• Maintain and optimize project cost databases and lead implementation of cost control software.
• Mentor junior cost engineers, fostering a culture of improvement and excellence.

Qualifications:
Required:

• Bachelor's degree in Engineering, Finance, Accounting, Construction Management, or related field.
• A minimum of 7 years of professional experience in cost control or project controls.
• Experience with cost control systems such as SAP or Oracle.

Preferred:

• Master's degree in a related field.
• Professional certification in project management or cost engineering (PMP, AACE).

If you're ready to make a significant impact through your expertise in cost management, we want to hear from you! Join us in creating a sustainable future.

We are looking for an experienced Cost Accountant to join our finance team. Your responsibilities will include cost analysis, financial reporting, and contributing to the development of efficiency improvement strategies. If you have strong analytical skills and the ability to work in a team, this opportunity is for you.

* Accurate analysis of production and project costs.
* Budget preparation and financial forecasting.
* Monitoring deviations and providing necessary recommendations.
* Supporting management in making financial decisions.