Project Accountant (Defence)

CAE Inc; Riyadh; On-site; SAR 180,000 - 300,000; Full time

Job summary

CAE Inc. in Riyadh seeks a Project Accountant to own end-to-end project finances across the region. You will partner with Project Managers, participate in project review meetings, and deliver insights on financial performance and risks.

The role emphasizes IFRS compliance and cost control within a defence and security portfolio. You will lead forecasting cycles, support budgeting, manage reconciliations, and contribute to pricing and investment evaluation.

Qualifications

• University degree in accounting or finance; recognised accounting qualification preferred.
• 5 years of financial analysis experience, including reporting and performance analysis.
• Experience reconciling intercompany balances and transactions; IFRS knowledge.
• Proficiency with Excel and PowerPoint; IFRS 15 experience is a plus.

Responsibilities

• Lead monthly forecasting for P&L and Balance Sheet with Project Managers.
• Monitor project financial performance and maximize gross margin and cash flow.
• Own cost accounting and coordinate with cost centre owners.
• Assist annual budget, monthly management accounts, and statutory accounts.
• Prepare reconciliations across ledgers with up-to-date data.
• Support business planning, investment risk evaluation, pricing and ECPs.
• Build cash-flow scenarios and support project setup and decision-making.
• Produce ad hoc forecasts, models, and decision-support analyses.
• Ensure IFRS compliance including IFRS 15; coordinate internal and external audits.

Skills

Financial analysis

IFRS

Excel

PowerPoint

Intercompany reconciliations

Analytical skills

Microsoft 365

Education

Accounting or Finance degree

Professional accounting qualification (CMA/CA/CGA/ACCA)

Tools

Hyperion Enterprise

Oracle

Job description

Behind every success is a team of dedicated experts driving us forward. Our corporate functions don’t just support — they lead, shaping the company’s path and preparing clients and employees for the moments that matter. Be part of a team where your work makes a difference, with opportunities to grow, collaborate, and thrive. Join our agile Middle East team as a Project Accountant, based in Riyadh and supporting projects across the region. As the finance partner for a portfolio within our Defence & Security division, you’ll own project financials end-to-end—working side-by-side with Project Managers, joining project review meetings, and providing clear insight on financial performance, risks, and the impact of key decisions.

Key Tasks

• Lead the monthly forecasting cycle for Profit & Loss (P&L) and Balance Sheet, partnering closely with Project Managers during the Project Review Cycle (PRC).
• Monitor project financial performance and take proactive action to maximise gross margin and cash flow.
• Own and continuously improve cost accounting, working closely with cost centre owners.
• Support preparation of the annual budget, monthly management accounts, and statutory accounts for the company.
• Own reconciliations across accounting ledgers, ensuring accurate, up-to-date data that is readily accessible.
• Contribute to business planning and investment risk evaluation.
• Support pricing and costing activities for new opportunities and Engineering Change Proposals (ECPs).
• Build scenarios and cash-flow analyses (including UBR/UER) and support CCO and FBS during project set-up/creation.
• Prepare ad hoc financial forecasts, models, and decision-support analysis as needed.
• Ensure IFRS is applied appropriately, including IFRS 15.
• Coordinate and support all internal and external audit requirements.
• Take on other related duties as required to support the team and business.

Minimum Qualifications

• Must be a KSA national; sponsorship is not offered for this role.
• University degree in accounting or finance, or a recognised accounting qualification (e.g., CMA, CA, CGA, ACCA).
• 5 years of experience in financial analysis, including financial reporting and performance analysis.
• Experience reconciling intercompany balances and transactions.
• Strong analytical and technical accounting skills.
• Proficiency with Microsoft 365 tools, particularly Excel and PowerPoint.
• Practical experience applying IFRS, including IFRS 15.

Preferred Qualifications

• Experience working in a manufacturing environment.
• Knowledge of local Government Price Law.
• Familiarity with Hyperion Enterprise and Oracle systems.

About CAE

At CAE, our mission is clear: to help make the world a safer place. For nearly 80 years, we’ve driven innovation in simulation, training, and mission readiness to support critical operations worldwide. By leveraging advanced technologies, we empower our customers to operate smarter, faster, and more sustainably. Join a purpose-driven organization where bold ideas are encouraged, collaboration drives progress, and your growth fuels our shared success.

Welcome to CAE! As a global leader in Civil Aviation and Defence & Security across 40 countries, we advance together as One CAE, fueled by thousands of passionate individuals operating in a culture where everyone can thrive. We hold ourselves accountable for building an inclusive community at every level, and our comprehensive benefits support you professionally and personally. Together, we are All For shaping a future where safety, sustainability, and inclusivity lead the way. Join us and be part of something bigger—where your impact reaches beyond CAE and helps shape the world of tomorrow.

Position Type Regular

Equal Opportunity & Accommodations

CAE is committed to providing equal opportunities to all applicants, regardless of race, nationality, color, religion, sex, gender identity or expression, sexual orientation, disability, neurodiversity, veteran status, age, or other characteristics protected by law. We encourage applicants who may not meet every qualification to apply. Reasonable accommodations are available—contact your recruiter or email [e-mail] if needed.