Director - Development Financial Planning and Analysis (CORS 245)

Qiddiya | القدية; Riyadh; On-site; SAR 562,429 - 749,906; Full time

Job summary

A leading development organization in Saudi Arabia seeks a Sr Director FP&A to ensure financial oversight of development projects. Responsibilities include preparing management packs, analyzing project risks, and collaborating closely with FP&A teams. Ideal candidates will have over 15 years of finance experience, including significant FP&A roles and stakeholder management. Applicants with experience in large multinational corporations or real estate industries are preferred. This role demands strong leadership capabilities and a commitment to continuous improvement in financial processes.

Qualifications

• 15 years of overall experience in finance with progression.
• More than 5 years in FP&A roles.
• Experience in real estate or large multinational corporations.

Responsibilities

• Lead financial oversight of capital projects.
• Prepare management packs and executive presentations.
• Analyze project schedule changes and risks.
• Collaborate with internal FP&A teams for data integrity.

Skills

Financial Oversight

Stakeholder Management

Budget Management

Data Analysis

Project Risk Management

Education

Bachelor's degree in finance or business management

Professional certifications (CPA, CA, ACCA, MBA)

Tools

Primavera P6

Job description

The Sr Director FP&A - Development will serve as the backbone of Qiddiya's FP&A function focusing on Financial Oversight of development projects, project schedule & risk management, interpretation of data from relevant systems & tools, implementation of tools & technology, governance over variations and claims, stakeholder management, managing and challenging budgets, deep insights over variance and maintain action plans for course correction, driving excellence in management reporting, ensuring financial discipline, transparency and controls, integrity of data between accounting and project systems, enabling roadmap for automation/AI/ML, etc. This role is responsible for producing high-quality management packs, board decks, budget submissions, comprehensive action trackers for various development projects and deliver accurate, actionable insights to senior leadership.

Responsibilities

• Lead financial oversight of capital projects, ensuring alignment with budget, schedule, and scope
• Own the preparation of management packs, BoD decks, and executive management presentations
• Translate complex financial data into clear, structured, and visually compelling materials for senior leadership
• Confirm and track Contingency Utilization and Releases across projects. Review and assess Provisional Sum Utilization requests.
• Review and validate Unapproved Variations, EOT/EOTC, and Contractor Claims
• Ensure seamless system integration between Project and Accounting Systems and track and close reconciliation issues on monthly basis
• Identify and analyze Project Schedule Changes using Primavera P6. Proactively identify Project Risks & Opportunities, integrating them into financial forecasts
• Build and maintain robust data structures and scenario models to support planning, forecasting, and strategic decision-making for Development
• Standardize and enhance reporting frameworks, including KPIs, action trackers, and executive logs for Development
• Collaborate closely with internal FP&A teams, accounting, treasury, and other finance functions to ensure data integrity and process alignment
• Mentor and lead the team, instilling consulting-style rigor, accuracy, and continuous improvement
• Drive continuous improvement initiatives by identifying opportunities to automate reporting, streamline consolidation processes, and enhance overall FP&A efficiency for Development vertical

Requirements

• A bachelor's degree in finance or business management is essential, while a master's degree is an advantage
• Possession of professional certifications such as CPA, CA, ACCA, or MBA is required
• 15 years of overall experience with a noteworthy progression in the Finance Function is necessary
• More than 5 years of comprehensive FP&A experience is essential
• Over 5 years in senior leadership positions with a demonstrated capability in stakeholder management, engagement with C-Level executives or Board Members, management reporting, financial consolidation, performance analysis, finance transformation, automation, and related areas is required
• Experience in master development, construction, infrastructure, real estate, or similar industries is mandatory. Alternatively, over 10 years of experience in large multinational corporations (with annual revenues, capital expenditures, or operational expenditures exceeding USD 2 billion) is required, showcasing a progressive career marked by high performance
• Regional experience is highly preferred
• Experience with Big 4 or Tier 1 consultancy firms is strongly preferred