Project Budgeting Specialist

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

Job summary

A leading project management firm in Riyadh is seeking a Project Budgeting Specialist to manage project budgets and costs. The role demands expertise in financial planning and forecasting, with a requirement for bilingual proficiency in Arabic and English. Candidates should have a bachelor's degree and at least 3 years of relevant experience, particularly in the Saudi project environment. Strong analytical skills and proficiency in Excel are essential for this position, which is pivotal in ensuring project financial sustainability.

Qualifications

• Minimum 3 years of experience in project budgeting, financial planning, or cost control.
• Strong proficiency in Excel (cost models, forecasting, pivot tables).
• Experience working on projects within Saudi Arabia (government or private sector).

Responsibilities

• Build detailed baseline budgets for new projects.
• Track actual expenditures vs. budget.
• Update cost forecasts based on project progress.
• Work closely with PMO, Finance, Procurement, and Operations.

Skills

Bilingual (Arabic and English)

Analytical skills

Proficiency in Excel

Time management skills

Experience with financial forecasting

Education

Bachelor’s degree in Finance, Accounting, or Project Management

Job description

We are seeking a highly analytical and detail-oriented Project Budgeting Specialist to join our Project Management.This role is essential to ensuring that all project budgets are accurately developed, monitored, and controlled throughout the project lifecycle.

The successful candidate will be responsible for building and managing detailed project budgets, forecasting costs, tracking expenditures, and ensuring alignment with financial and operational objectives. Working closely with Project Managers, Finance, Procurement, and Senior Management, this role ensures that every project is financially sound, cost-controlled, and executed within budget.

This position requires someone who is bilingual (Arabic and English), has at least 3 years of experience in project budgeting or financial planning, and can work under pressure to support fast-moving projects and tight deadlines.

• Bilingual (Arabic and English mandatory).

• Minimum 3 years of experience in project budgeting, financial planning, or cost control.
• Bachelor’s degree in Finance, Accounting, Project Management, or a related field.
• Strong proficiency in Excel (cost models, forecasting, pivot tables).
• Experience working on projects within Saudi Arabia (government or private sector).
• Familiarity with project management methodologies is a plus.
• High accuracy, strong analytical ability, and excellent time management skills.
• Based in Riyadh, Saudi Arabia, with full-time availability.

Key Responsibilities

Project Budget Development

• Build detailed baseline budgets for new projects.
• Identify direct and indirect cost components.
• Develop forecasting models and cost breakdown structures (CBS).

Cost Monitoring & Control

• Track actual expenditures vs. budget.
• Prepare variance analysis and financial performance reports.
• Recommend corrective actions to keep projects within budget.

Financial Forecasting

• Update cost forecasts based on project progress.
• Support risk analysis and cost contingency planning.

Collaboration & Coordination

• Work closely with PMO, Finance, Procurement, and Operations.
• Support funding approvals, change requests, and procurement decisions.

Compliance & Quality

• Ensure budgets follow internal controls, audit requirements, and client or regulatory guidelines.

Who We’re Looking For

• A numbers-driven professional with strong analytical and Excel modeling skills.
• Someone who can maintain accuracy while managing multiple projects simultaneously.
• A proactive individual who understands project cost structures and financial sustainability.
• Someone who thrives in deadline-driven environments and can handle urgent tasks when needed.