https://bayt.page.link/BSR6vzZxx4Biui4a8
Back to the job results

Project Financial Analyst

30+ days ago 2025/07/24
2 Open Positions
Full time · Mid career · 4-10 Years of experience
500 Employees or more · Industrial Production

Get the Bayt App

Download the Bayt App to manage your real time conversation with the recruiter
Download App
Create a job alert for similar positions

Job description

We are seeking a highly skilled Project Financial Analyst to oversee financial management for Oil & Gas (O&G), Power Sector, and EPC projects. The successful candidate will ensure financial accuracy, compliance, and profitability by managing project accounting, cost control, and revenue recognition. This role requires expertise in SAP SD/PS modules, EPC contract financials, and risk analysis to support strategic decision-making.


Key Responsibilities:


  • Provide financial, commercial, and tax input to the tendering/sales team, including bonds, letters of credit, and risk assessment.
  • Actively participate in project handover, reviewing financial, tax, and contractual risks (warranty, LDs, provisions) per management guidelines.
  • Advise project teams on proper revenue recognition methods in line with IFRS and ensure accurate financial reporting.
  • Maintain original and supplementary budgets, ensuring strict financial oversight to prevent cost overruns.
  • Develop financial plans covering tax (VAT, WHT), revenue recognition, billing/collection, payment securities (LCs, bonds), and currency risk management.
  • Conduct post-period reviews to identify risks (cost overruns, receivables, LDs, claims) and drive corrective actions with project managers.
  • Prepare and maintain project cash flow projections, ensuring quarterly forecasts stay within ±5% variance from actuals.
  • Oversee monthly unbilled reports, ensure timely invoicing, and collaborate with receivables teams to meet billing targets.
  • Ensure adherence to financial regulations, internal controls, and audit requirements with zero compliance violations.
  • Drive automation in project reviews, warranty management, and budget approvals to enhance productivity.

Preferred candidate

Years of experience
Min: 4 Max: 10
Career level
Mid career

We're a leading supplier of a complete range of products, from power generation and irrigation systems to automation and landscaping, to ensure optimum power and water management solutions. Headquartered in Riyadh, Saudi Arabia, Abunayyan Holding is one of the longest-active companies in the power and water business, and has grown to accommodate around 4,500 employees spread across its subsidiaries in the Kingdom and throughout the Middle East and North Africa. Founded in 1950 to supply diesel-powered water pumps to farmers, permanently transforming the nation's irrigation methods, the company that began as a family business has blossomed into an impressive portfolio spanning more than a dozen strategic business units that provide integrated solutions for water, power, oil and gas. With its roots firmly planted in Saudi Arabia and the Kingdom’s development, Abunayyan Holding offers turnkey solutions through core activities including engineering, manufacturing, supply, construction, and service.

You have reached your limit of 15 Job Alerts. To create a new Job Alert, delete one of your existing Job Alerts first.
Similar jobs alert created successfully. You can manage alerts in settings.
Similar jobs alert disabled successfully. You can manage alerts in settings.