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Riyadh, Saudi Arabia
Overview
The Project Financial Manager is responsible for overseeing the financial performance of engineering projects from initiation to closeout. This role ensures accurate budgeting, forecasting, cost control, revenue recognition, and financial reporting. The position partners closely with project managers, engineering leads, and senior leadership to drive financial discipline, improve profitability, and ensure compliance with company policies and industry standards.
Your role
Project Financial Planning & Budgeting
- Develop detailed project budgets aligned with scope, schedules, and resource plans.
- Support bid/proposal teams with cost estimates, pricing models, and financial risk assessments.
- Establish financial baselines and define key performance indicators (KPIs).
Cost Control & Monitoring
- Track and analyze project costs, labor utilization, subcontractor spend, and material expenses.
- Implement cost-control measures to ensure adherence to financial targets.
- Identify cost deviations early and recommend corrective actions.
- Familiar with OneERP tools like OTL, ODW and KOFAX.
Forecasting & Reporting
- Prepare monthly, quarterly, and annual project financial forecasts.
- Provide variance analysis (budget vs. actuals) with insights and actionable recommendations.
- Prepare financial dashboards and reports for leadership review.
- Knowledge in Ecosys.
Revenue Management
- Ensure timely and accurate revenue recognition in compliance with applicable client approved standards
- Validate project billing schedules and ensure timely invoice submission. (via iBEX)
- Track collections and escalating risks impacting cash flow.
Risk & Compliance
- Evaluate financial risks across project timelines, resourcing, contract terms, and change orders.
- Maintain compliance with corporate financial policies, audit requirements, and statutory regulations.
- Support internal and external audits with required project financial documentation.
Stakeholder Collaboration
- Partner with project managers, engineering teams, procurement, and finance to drive financial performance.
- Participate in project review meetings and provide financial guidance.
- Communicate financial risks, opportunities, and status updates to leadership.
Process Improvement
- Recommend and implement improvements to project financial management processes, tools, and systems.
- Support digital transformation initiatives (e.g., ERP upgrades, automation, dashboards).
Location
Riyadh, Saudi Arabia
Job Type
Full time
Ref
R-149524
Salary range
-
About you
Education
- Bachelor's degree in Finance, Accounting, Business Administration, Engineering Management, or related field.
- MBA, CPA, CMA, or equivalent professional certification preferred.
Experience
- 10+ years of experience in project financial management, project accounting, or cost control.
- Prior experience in an engineering services, EPC, construction, infrastructure, or technical consulting environment within KSA.
- Hands‑on experience with project-based financial systems (i.e. OneERP - OTL, ODW, KOFAX, Concur, Ecosys).
Technical Skills
- Strong understanding of project accounting principles and cost management.
- Advanced proficiency in Excel, financial modeling, and data analysis.
- Knowledge of revenue recognition methods.
- Familiarity with engineering project lifecycles and multidisciplinary project structures.
Behavioral Skills
- Strong analytical and problem-solving skills.
- Excellent communication and stakeholder management abilities.
- High attention to detail and accuracy.
- Ability to work under pressure and manage multiple complex projects simultaneously.
- Proactive mindset with strong business acumen.
Key Performance Indicators (KPIs)
- Budget accuracy and forecasting reliability
- Project profitability and margin improvement
- On-time and accurate reporting
- Timeliness of billing and receivable collections
- Cost control effectiveness
- Stakeholder satisfaction
Why choose AtkinsRéalis?
Wherever you are in your career – and whoever you are – AtkinsRéalis is for you. Here, support and collaboration are a vibrant part of a culture that lets you choose where – and how far – your career can go. Take on projects that push boundaries and drive sustainable impact, surrounded by colleagues who believe there's no limit to how brilliant you can be. It's time to join a like-minded team where you'll be rewarded, supported, and free to be your kind of brilliant.
Rewards & benefits
Explore the rewards and benefits that help you thrive – at every stage of your life and your career.
This includes:
- Tax-free salary.
- Life insurance coverage.
- Medical insurance.
- Annual leave balance.
- Company gratuity scheme.
- Discretionary bonus program.
- Annual flight contribution.
- Transportation & housing allowances.
- Employee Wellbeing Program: 24/7 access to specialists in finance, legal matters, family care, personal health, fitness, and nutrition.
Seize every opportunity to sharpen your skills, expand your expertise, and be recognized for the impact you make.
Make it brilliant, a career with AtkinsRéalis
Our supportive, collaborative culture inspires us as a global community every day.
Watch this short film and imagine what you could achieve here, too.
About AtkinsRéalis
We're AtkinsRéalis, a world-class engineering services and nuclear organization. We connect people, data and technology to transform the world's'infrastructure and energy systems. Together, with our industry partners and clients, and our global team of consultants, designers, engineers and project managers, we can change the world. We're committed to leading our clients across our various end markets to engineer a better future for our planet and its people.
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