Programme Funding Manager

BAE SYSTEMS; Riyadh; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading defense contractor in Saudi Arabia is seeking a qualified financial manager to oversee budgets, provide financial insights, and ensure compliance with regulations. The ideal candidate will have 7–10 years of relevant experience, a Bachelor's degree in Accounting, and proficiency in ERP systems. This position offers a competitive salary and benefits package, including healthcare and gym memberships, aimed at Saudi nationals.

Benefits

Competitive salary

Health care scheme

Discounted gym membership

Qualifications

• 7–10 years of progressive experience in financial management.
• Experience managing funding in multi-currency environments.
• Ability to deliver quality outputs within agreed timescales.
• Attention to detail and strong organizational skills.

Responsibilities

• Develop and monitor annual budgets and financial forecasts.
• Provide financial insights for strategic decision-making.
• Prepare monthly, quarterly, and annual financial reports.
• Ensure compliance with financial agreements and regulations.

Skills

Financial management

Project accounting

Advanced Excel

ERP systems proficiency

Communication skills

Organizational skills

Education

Bachelor’s degree in Accounting

Master’s degree preferred

Professional qualification (CIMA, SOCPA, ACCA)

Tools

SAP

Job description

Description

(Saudi National Only)

Grade: 12
Location: Riyadh
Working hours: full time
Advert closing: 04/12/2025

Responsibilities

• Develop, manage, and monitor annual budgets and financial forecasts.
• Ensure alignment of budgets with project and corporate objectives.
• Provide financial insights to support strategic decision‑making.
• Prepare monthly, quarterly, and annual financial reports for management and stakeholders.
• Conduct variance and performance analysis against budgets and forecasts.
• Present clear financial summaries, KPIs, and trend analysis to senior leadership.
• Oversee the secure allocation, transfer, and reconciliation of funds in multiple currencies.
• Manage funding inflows across projects and ensure compliance with financial agreements.
• Liaise with auditors, ground treasury and funding agencies to ensure accuracy and transparency.
• Track contract‑based funding, ensuring all inflows reconcile with deliverables and milestones.
• Review financial terms in contracts and ensure adherence to contractual funding conditions.
• Support the finance, PM, and commercial teams in ensuring compliance with international financial regulations and internal controls.
• Manage risk related to currency exposure, and funding delays.
• Collaborate with internal departments (operations, procurement, commercial, and project management) to align financial strategy with business goals.
• Engage with external stakeholders including auditors, funding bodies, contractors, and government entities.
• Serve as a financial liaison for external reporting and compliance requirements.
• Enhance financial processes and reporting systems to improve accuracy, efficiency, and transparency.
• Lead digital and automation initiatives for financial tracking and multi‑currency reporting.
• Ensure all integration activities support sustainable long‑term growth and profitability.
• Oversee end‑to‑end debtors’ management, ensuring accurate billing, efficient collections, and minimal overdue balances.
• Implement group‑wide debtor control policies and credit management frameworks during integration.
• Monitor debtor ageing, credit exposure, and cash collection performance across all business units.
• Partner with Commercial, finance project team and Operations teams to align invoicing schedules with contract milestones and payment terms.
• Ensure full compliance with UK and KSA VAT regulations, including accurate accounting.
• Communicate change effectively and support local finance teams through training, coaching, and transition planning.
• Mentor and develop finance professionals to build expertise in integration, compliance, and performance management.
• Promote a culture of collaboration, accountability, and continuous improvement across the finance function.

Job Requirements

• Bachelor’s degree in Accounting, (Master’s preferred) and SOCPA Membership.
• Professional qualification (CIMA, SOCPA, ACCA, or equivalent) is highly desirable.
• Minimum 7–10 years of progressive experience in financial management or project accounting.
• Experience managing funding and reporting in multi‑currency, multi‑contract environments.
• Advanced Excel and ERP (SAP or similar system) proficiency.
• Demonstrate a good knowledge of the role of Finance in the business.
• A motivated worker with practical experience of dealing with issues in a pro‑active manner.
• Ability to deliver quality outputs within agreed timescales.
• Good communication and interpersonal skills including business level English language (communication & writing).
• Attention to detail and strong organizational skills.

Saudi National Employee Benefits

In return for the required high levels of commitment and hard work you will receive a competitive salary and benefits package, including a generous leave and leave allowance, a full health care scheme and access to discounted gym membership.

BAE Systems

BAE Systems has a heritage of commitment to the Kingdom of Saudi Arabia. For 50 years, we have provided the platforms and services that support the Saudi armed forces to defend the interests of the Kingdom. In support of the Saudi Arabia National Objectives, we’ve invested heavily in the development of Saudi people, technology, infrastructure and local companies in the defence supply chain. Our investments have helped to develop the Saudi defence industry as well as developing a skilled and highly productive workforce.

(BAE Systems KSA is committed to the full inclusion of qualified people with disabilities. As part of this commitment, BAE Systems KSA will ensure that persons with disabilities are provided with reasonable accommodation during the job application or interview process, and or to perform essential job functions).

Note: All appointments in Saudi Arabia are subject to receipt of all necessary Government and/or Customer approvals.