Director - Financial Planning and Analysis
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Key skills for this role
About the Role
Qiddiya is seeking a Director - Residential FP&A to establish and lead the financial planning and analysis function for a new residential subsidiary within a large-scale Saudi giga-project.
Key Skills for This Role
Responsibilities
- Lead the FP&A function for the Residential Business Unit and the newly established residential operating subsidiary
- Enhance and manage the budgeting, forecasting, and management reporting frameworks for residential development projects
- Develop and embed financial governance frameworks, controls, and reporting standards aligned with Corporate Finance, Board, and investment committee requirements
- Prepare and maintain consolidated financial forecasts for the residential portfolio, including capex planning and cash flow projections
- Monitor financial performance across residential projects and provide variance analysis
- Manage portfolio level cash flow planning, funding requirements, and liquidity forecasts
- Establish, oversee, and govern escrow account structures for off plan residential sales in compliance with REGA and WAFI regulations
- Coordinate with banks, escrow trustees, legal advisors, and Corporate Treasury on escrow account setup and reporting
- Lead the preparation of escrow related reporting and submissions required by REGA
- Partner closely with development, commercial, and sales teams to support financial decision making
- Lead the implementation of FP&A tools, financial models, and reporting systems
- Build, lead, and scale a high performing FP&A team
Requirements
- Bachelor's degree in Finance, Accounting, Economics, or a related field
- CPA or equivalent qualification is essential
- 12 15+ years of experience in financial planning and analysis, development finance, or project finance within the real estate sector
- Strong experience working on large scale real estate developments, ideally with projects exceeding $1B in capex
- Experience working with regional real estate developers in the Middle East is required
- Proven track record of building financial processes and systems in a new or evolving organization
- Strong financial modeling skills and advanced Excel proficiency
- Experience with ERP systems such as SAP FICO
Full Job Posting
Overview
- We are seeking an experienced Director Residential FP&A to establish and lead the financial planning and analysis function for a newly established Residential subsidiary within a large scale Saudi giga‑project.
- This role will play a critical part in setting up the financial foundations of a newly formed residential platform while operating within the governance, funding, and reporting architecture of an existing giga‑project.
- The Director will be responsible for designing and embedding best in class financial planning, forecasting and reporting processes for a large scale residential portfolio.
Key Responsibilities
- Lead the FP&A function for the Residential Business Unit and the newly established residential operating subsidiary
- Enhance and manage the budgeting, forecasting, and management reporting frameworks for residential development projects within a giga‑project environment
- Develop and embed financial governance frameworks, controls, and reporting standards aligned with Corporate Finance, Board, and investment committee requirements
- Ensure financial structures, controls, and reporting are fit for purpose for the residential business unit
- Act as the primary financial counterpart to Corporate Finance, Treasury, Internal Audit, and External Auditors for residential activities.
- Prepare and maintain consolidated financial forecasts for the residential portfolio, including capex planning and cash flow projections.
- Monitor financial performance across residential projects and provide variance analysis against approved business plans.
- Manage portfolio‑level cash flow planning, funding requirements, and liquidity forecasts, with specific focus on off‑plan sales and escrow funding dynamics
- Produce regular financial reports and dashboards for senior leadership and investment committees.
- Establish, oversee, and govern escrow account structures for off‑plan residential sales in full compliance with REGA and WAFI regulations.
- Coordinate with banks, escrow trustees, legal advisors, and Corporate Treasury on escrow account setup, usage rules, drawdown mechanisms, and reporting
- Ensure accurate tracking and reconciliation of escrow inflows, permitted outflows, and balances at project and portfolio level
Requirements
- Bachelor's degree in Finance, Accounting, Economics, or a related field
- CPA or equivalent qualification is essential.
- 12 15+ years of experience in financial planning and analysis, development finance, or project finance within the real estate sector.
- Strong experience working on large scale real estate developments, ideally with projects exceeding $1B in capex.
- Experience working with regional real estate developers in the Middle East is required.
- Proven track record of building financial processes and systems in a new or evolving organization.
- Strong financial modeling skills and advanced Excel proficiency.
- Experience with ERP systems such as SAP FICO; familiarity with Power BI or similar visualization tools is a plus.
- Exposure to feasibility modeling tools such as Estate Master is advantageous.
- Strong communication skills and ability to work effectively with senior stakeholders in an international environment
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