Project Financial Manager

Job Description

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).

About you

Education

• Bachelors 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.
• Handson 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

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.

About AtkinsRéalis

Were AtkinsRéalis a world-class engineering services and nuclear organization. We connect people data and technology to transform the worlds 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. Were committed to leading our clients across our various end markets to engineer a better future for our planet and its people.

Find out more.

Worker Type

Job Type

At AtkinsRéalis we seek to hire individuals with diverse characteristics backgrounds and perspectives. We strongly believe that world-class talent makes no distinctions based on gender ethnic or national origin sexual identity and orientation age religion or disability but enriches itself through these differences.