Principal Financial Analyst ( Jeddah/Riyadh )
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Key skills for this role
About the Role
Raytheon Saudi Arabia is seeking a Principal Specialist Financial Analyst to support its Saudi Arabia Programs portfolio. The role involves program finance, financial planning, and indirect rate management.
Key Skills for This Role
Responsibilities
- Lead preparation of weekly and monthly program financial reports and customer financial deliverables.
- Own monthly sales, profit, and cash forecasting across assigned program portfolio.
- Lead quarterly Estimates at Completion (EAC) development including cost, schedule, risk, and opportunity analysis.
- Perform detailed variance analysis to budget baselines and communicate findings to leadership.
- Develop and maintain Work Breakdown Structures (WBS).
- Support preparation of cost CDRLs including IPMRs and CFSRs.
- Support proposal cost development and basis of estimate preparation for new business opportunities.
- Analyze and monitor indirect cost rates (overhead, G&A, fringe) against budgeted and forecasted pools and bases.
- Coach and review the work of junior finance professionals.
Requirements
- University Degree in Finance, Accounting, Business, Economics, or a related field from a recognized Saudi or international university
- Minimum 5 years of relevant finance or accounting experience (or 3 years with advanced degree)
- Saudi Arabian national
- Demonstrated experience in program financial analysis, EAC development, or cost controls in a project or contract based environment
- Experience with indirect cost rate structures, cost pool analysis, or forward pricing
- Advanced proficiency in Microsoft Excel and PowerPoint; experience with SAP or equivalent ERP/financial systems
- Strong verbal and written communication skills in both Arabic and English
Full Job Posting
About Us
- RTX is the world's largest aerospace and defense company with 185,000 employees.
- Raytheon brings over 100 years of experience and engineering expertise.
Job Summary
- Raytheon Saudi Arabia has an opening for a Principal Specialist Financial Analyst in support of its Saudi Arabia Programs portfolio.
- This is a seasoned professional contributor role with advanced knowledge of program finance, financial planning and analysis, and indirect cost rate management.
- The analyst will coach and review the work of junior finance professionals.
Program Finance & Controls
- Lead preparation of weekly and monthly program financial reports and customer financial deliverables.
- Own monthly sales, profit, and cash forecasting across assigned program portfolio.
- Lead quarterly Estimates at Completion (EAC) development including cost, schedule, risk, and opportunity analysis.
- Perform detailed variance analysis to budget baselines and communicate findings clearly.
- Develop and maintain Work Breakdown Structures (WBS).
- Support preparation of cost CDRLs including IPMRs and CFSRs.
- Support proposal cost development and basis of estimate preparation for new business opportunities.
Indirect Rates Analysis
- Analyze and monitor indirect cost rates (overhead, G&A, fringe) against budgeted and forecasted pools and bases.
- Support development and maintenance of forward pricing rate estimates and submissions.
- Assess the impact of indirect rate variances on program cost positions and EAC development.
- Partner with accounting and estimating functions to reconcile actual indirect charges against applied rates.
- Identify trends and variances in indirect cost pools and communicate risks and opportunities to leadership.
Leadership & Collaboration
- Coach and review the work of junior finance professionals.
- Serve as a strategic business partner to program managers, contracts, engineering, and operations functions.
- Influence financial policies, practices, and procedures within the finance work area.
- Prepare and present financial analysis to senior program and finance leadership.
- Support ad hoc financial investigations, special projects, and senior leadership requests.
Qualifications You Must Have
- Typically requires a University Degree in Finance, Accounting, Business, Economics, or a related field and minimum 5 years of relevant experience (or 3 with advanced degree).
- Saudi Arabian national.
- Demonstrated experience in program financial analysis, EAC development, or cost controls in a project or contract based environment.
- Experience with indirect cost rate structures, cost pool analysis, or forward pricing.
- Advanced proficiency in Microsoft Excel and PowerPoint; experience with SAP or equivalent ERP/financial systems.
- Strong verbal and written communication skills in both Arabic and English.
Qualifications We Prefer
- Experience supporting Earned Value Management (EVM) on government or defense contracts.
- Knowledge of government contracting financial requirements.
- Proven ability to manage small projects or processes with limited oversight.
- Experience coaching or mentoring junior finance staff.
- Continuous improvement mindset.
- Experience with OneStream, SAP Business Warehouse, or similar financial planning tools.
- Background in aerospace, defense, or government contracting finance.
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