Senior Financial Analyst

Role Overview

The Senior Financial Analyst position is based in Al Khobar, Eastern, Saudi Arabia, with a full-time onsite working setup. The role is centered on budgeting, forecasting, cost control, financial reporting, audits, and support for leadership through accurate analysis and timely reporting.

Budgeting and Forecasting

• Support the creation of the annual company budget and associated reporting.
• Coordinate with department leaders to prepare monthly departmental budgets.
• Track utilization of the capital expenditure budget and maintain related reports.
• Compare monthly actual spending with approved budgets and highlight variances.
• Help prepare weekly and monthly cash flow forecasts.

Costing and Accounting Activities

• Carry out monthly cost allocation exercises.
• Estimate percentage of completion and work in progress, and reconcile monthly billing with the Project Services team.
• Maintain fixed asset records, including transactions and depreciation.
• Prepare monthly accrual estimates for subcontractor costs.
• Prepare capital and operating expenditure CARs and keep the supporting logs updated.
• Review account reconciliations and balance sheet items.

Reporting

• Prepare the monthly PFSR (Project Financial Statement Report) and related reconciliation statements.
• Produce weekly and monthly timesheet analysis, leave summaries, and management PTS reports.
• Compile weekly and monthly IKTVA reports.
• Support the preparation of quarterly audit committee packs, board packs, and related reporting materials.
• Prepare reports on chargeable man-hours (non-projects), proposal analysis, and PSE.
• Assist with monthly variance analysis of financial performance.
• Prepare occupancy reports.
• Develop ad hoc reports for management and other business requests.

Audits and Additional Duties

• Assist with internal audit requirements.
• Support financial and tax audit activities.
• Participate in annual IKTVA audits.
• Organize and file supporting documents related to assigned responsibilities.
• Serve as backup support during team absences or peak workload periods.
• Follow company policies and procedures consistently.
• Promote the company vision in relation to HSE standards, behaviors, and performance.
• Handle any other duties, responsibilities, and accountabilities assigned by management.

Authority and Leadership

• Provide technical support and guidance to colleagues.
• Oversee the work of subordinates within a small team or work unit.

Requirements

• A BS degree in Accounting, Commerce, or Finance, along with at least 8 years of relevant experience.
• Professional certification such as CPA, CA, or CMA is preferred.
• Strong knowledge of accounting and finance principles, including how the work affects other disciplines and functions.
• Good understanding of company regulations, GAZT requirements, and IFRS and GAAP standards.
• Advanced proficiency in Microsoft Office and experience with ERP systems used for financial, budgeting, and planning functions.
• Ability to explain financial information clearly in simple, non-technical language and think both strategically and tactically.
• Comfort working hands-on with team members in a practical management capacity.
• Strong commercial insight and sound business judgment.
• Excellent spoken and written communication skills.

Additional Information

This is a finance role with responsibility for reporting accuracy, compliance, analytical support, and coordination across departments. The position also requires readiness to assist in audits, maintain documentation, and provide backup support when needed.