Project Accountant

Becarabia; Riyadh; On-site; SAR 279,000 - 502,200; Full time

Benefits offered by this job

Housing allowance

Transportation allowance

Job summary

BEC Arabia invites applications for a Project Accountant in Riyadh. Join our Finance team to manage budgets, costs, and financial reporting for mega construction projects in alignment with Saudi Vision 2030.

The role collaborates with project managers and procurement, ensuring compliance with Saudi regulations and corporate standards. Applicants should have at least 5 years of project accounting experience, proficiency with SAP/Oracle, and a strong grasp of Saudi Labor Law and GOSI.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field.
• Minimum 5 years of experience in project accounting (construction/engineering preferred).
• Proficiency with SAP, Oracle or similar ERP systems.
• Strong knowledge of Saudi Labor Law, GOSI, and project-specific financial regulations.
• Demonstrated budgeting, cost control, and financial reporting expertise.
• Excellent analytical skills and attention to detail; strong communication abilities.

Responsibilities

• Prepare and monitor project budgets and align with timelines.
• Track and analyze project costs, identify variances and corrective actions.
• Generate detailed financial reports for internal and external stakeholders.
• Collaborate with project managers to forecast cash flow and funding needs.
• Ensure compliance with Saudi Labor Law, GOSI, and regulatory standards.
• Reconcile project accounts and close financial records on project completion.
• Manage accounts payable and receivable for project activities.
• Support audits with documentation and inquiries related to project finances.
• Implement financial controls to mitigate risk and comply with policies.
• Utilize SAP/Oracle (ERP) tools to streamline accounting and reporting.

Skills

Budgeting

Cost control

Financial reporting

Analytical skills

Communication

Education

Bachelor’s degree in Accounting/Finance

Tools

SAP

Oracle

Primavera P6

Job description

# Project AccountantFinance1. Home2. Careers3. Project AccountantApply Now Refer SomeoneLocationRiyadhDepartmentFinanceEmployment TypeFull-TimeEducationBachelor of Science in AccountingOpen Positions5Posted1 month agoBEC Arabia is seeking experienced Project Accountants to join our Finance team in Riyadh. This role offers the opportunity to work on iconic mega-projects, ensuring financial excellence and compliance in alignment with Saudi Vision 2030 initiatives.### Job Description## About the RoleBEC Arabia, a leader in construction, infrastructure, and engineering, is seeking **Project Accountants** to join our dynamic Finance team in Riyadh. As a Project Accountant, you will play a pivotal role in managing the financial health of our large-scale construction and infrastructure projects, ensuring compliance with Saudi regulations and corporate standards. Working closely with project managers, procurement teams, and senior finance professionals, you will oversee budgeting, cost control, and financial reporting to ensure projects are delivered on time and within budget.This is an exciting opportunity to contribute to some of the Kingdom's most transformative projects, including NEOM, Diriyah Gate, and other Saudi Vision 2030 initiatives. Your expertise in financial analysis, cost management, and regulatory compliance will directly impact BEC Arabia's ability to deliver world-class infrastructure solutions. With a clear growth trajectory and exposure to high-profile projects, this role is ideal for finance professionals looking to advance their careers in the construction industry.## Key Responsibilities* **Prepare and monitor project budgets**, ensuring alignment with overall financial objectives and project timelines.* **Track and analyze project costs**, identifying variances and recommending corrective actions to maintain financial control.* **Generate detailed financial reports** for internal stakeholders and external clients, ensuring accuracy and compliance with Saudi regulations.* **Collaborate with project managers** to forecast cash flow requirements and manage funding requests.* **Ensure compliance** with Saudi Labor Law, GOSI requirements, and other regulatory standards relevant to project accounting.* **Reconcile project accounts** and ensure timely closure of financial records upon project completion.* **Manage accounts payable and receivable** specific to project activities, ensuring timely invoicing and payment processing.* **Support audits** by preparing documentation and responding to inquiries related to project finances.* **Implement financial controls** to mitigate risks and ensure adherence to corporate policies and procedures.* **Utilize financial software tools**, such as SAP or Oracle, to streamline accounting processes and enhance reporting accuracy.## Required Qualifications* **Bachelor’s degree in Accounting, Finance, or a related field**.* Minimum of **5 years of experience** in project accounting, preferably within the construction or engineering sectors.* Proficiency in **financial software tools** such as SAP, Oracle, or similar ERP systems.* Strong knowledge of **Saudi Labor Law**, **GOSI requirements**, and **project-specific financial regulations**.* Demonstrated expertise in **budgeting, cost control, and financial reporting**.* Excellent analytical skills and attention to detail.* Strong communication skills to liaise effectively with project teams and stakeholders.## Preferred Qualifications* **Certified Public Accountant (CPA)** or equivalent professional certification.* Experience working on **Saudi Vision 2030 mega-projects**.* Familiarity with **construction project management tools** such as Primavera P6.* Knowledge of **IFRS standards** and their application in the construction industry.* Advanced proficiency in **Microsoft Excel**, including macros and pivot tables.## Working Conditions* The role is **office-based** in Riyadh, with occasional visits to project sites as required.* Standard working hours, with flexibility for extended hours during critical project phases.* Collaborative work environment with a multi-national team.* Compliance with safety standards and protocols is mandatory during site visits.* Minimal travel outside Riyadh may be required for project-related meetings or audits.## What We Offer* **Competitive salary and benefits package**, including housing and transportation allowances.* Opportunities for **career growth and professional development** within a leading construction firm.* Exposure to **iconic mega-projects** that are shaping the future of Saudi Arabia.* A strong emphasis on **employee safety and well-being**.* Access to **training programs** and certifications to enhance your professional skills.* A **diverse and inclusive work environment**, fostering collaboration and innovation.Join BEC Arabia and be part of a team that is building the future of the Kingdom through world-class infrastructure and engineering solutions.