Senior Director - FP&A - Development (CORS 245)

Qiddiya Investment Company; Riyadh; On-site; SAR 300,000 - 400,000; Full time

Job summary

A leading investment firm in Saudi Arabia is seeking a Senior Director FP&A – Development to oversee financial operations for development projects. This key role involves leading financial oversight, preparing high-quality management materials, and managing budgets and stakeholder engagement. Candidates must possess a bachelor's degree in finance or business, with professional certifications and at least 15 years of finance experience, including 5 years in senior leadership. Regional experience and familiarity with large-scale projects are preferred.

Qualifications

• 15 years of overall experience in finance with notable progression.
• More than 5 years of FP&A experience.
• Over 5 years in senior leadership roles with C-Level interactions.

Responsibilities

• Lead financial oversight of capital projects aligning with budget.
• Prepare management packs and executive presentations.
• Identify and analyze project schedule changes.

Skills

Financial Oversight

Stakeholder Management

Data Interpretation

Project Risk Management

Budget Management

Education

Bachelor's degree in finance or business management

Master's degree

Professional certification (CPA, CA, ACCA, or 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

Qualifications

• 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.