Financial Planning and Analysis Specialist Job Riyadh area,Riyadh Region Saudi Arabia,Finance & Banking

ROLE PURPOSE

The project company is moving from construction into operations. This role strengthens its financial management function with a dedicated, qualified consultant who owns the books, the management reporting cycle, the lender drawdown process and the IFRS financial statements and who leaves behind the tools, systems and processes the company needs to run its own financial oversight once the engagement ends.

The appointment is deliberately hands-on. The consultant performs the work rather than supervising it, and is expected to build repeatable processes rather than one-off analyses.

KEY RESPONSIBILITIES Financial controlling and monitoring

Conduct a line-by-line analysis of the construction budget and compare budgeted amounts against actual expenditure to date, identifying variances and their causes.

Obtain cost and expense information from all relevant teams and departments to ensure complete data capture.

Implement a structured forecasting tool that integrates inputs across the business and supports rolling forecasts.

Update the monthly cash flow forecast to reflect current project financial health and anticipated funding needs.

Build a repeatable, largely automated process for monthly variance reporting and analysis.

Identify where the budget carries flexibility or headroom so costs can be reallocated, rather than only reporting variances after the fact.

Produce a revised forecast of the construction completion date, allowing for delays, cost overruns and savings.

Establish a scenario and sensitivity framework to assess the impact of unplanned costs on cash flow and budget.

Assist the CFO in managing drawdowns, improving drawdown timing against the cash flow forecast and expected payment schedules.

Bookkeeping and day-to-day accounting

Record all daily financial transactions — accounts payable, accounts receivable, cash disbursements and cash receipts — in the accounting system.

Perform monthly reconciliations of all bank accounts, loan accounts and clearing accounts.

Maintain an up-to-date, properly structured general ledger in line with standard accounting policies.

Categorise and verify operating expenses, accruals, prepayments and revenues.

Monthly management accounts

Prepare and deliver the monthly management pack by the fifth working day of the following month.

The pack comprises the statement of profit or loss against budget and prior period, the statement of financial position, the statement of cash flows, and budget-to-actual variance analysis with commentary on key movements.

Lender drawdown notices and treasury administration

Prepare, review and coordinate loan drawdown notices in line with facility agreements, debt covenants and lender requirements.

Gather the supporting documentation lenders require to process disbursements — project milestones, invoices, utilisation requests, compliance certificates, LLA and LTA reports.

Work with internal teams and the GFA to track drawdown status, ensure timely funding and maintain transparent records of debt servicing.

Financial statements under IFRS

Compile annual and interim financial statements fully compliant with IFRS.

Handle complex treatments including depreciation schedules, amortisation, impairment reviews, lease accounting under IFRS 16, and provisions and accruals.

Act as primary liaison for the external auditors, providing schedules, trial balances, work papers and technical support through the annual audit.

Budget preparation

Review the existing construction budget for the transition to operations.

Develop a comprehensive operational budget for the coming year using high-level assumptions from the base case financial model, and extend it through 2028.

Work with the operating teams to collect the data the operational budget requires.

ERP…