Principal Financial Analyst ( Jeddah/Riyadh )
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Key skills for this role
About the Role
Raytheon Saudi Arabia seeks a Principal Financial Analyst to support program finance, financial planning, and indirect cost rate management. The role involves leading EAC development, financial reporting, and coaching junior staff.
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
- 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
- Analyze and monitor indirect cost rates against budgeted and forecasted pools
- Coach and review work of junior finance professionals
- Serve as strategic business partner to program managers and other functions
Requirements
- University Degree in Finance, Accounting, Business, Economics or related field
- Minimum 5 years of relevant finance or accounting experience (or 3 years with advanced degree)
- Saudi Arabian national
- Experience in program financial analysis, EAC development, or cost controls
- Experience with indirect cost rate structures or forward pricing
- Advanced proficiency in Microsoft Excel and PowerPoint
- Strong verbal and written communication skills in Arabic and English
Full Job Posting
About Us
- At RTX, the world's largest aerospace and defense company, 185,000 great minds are united by purpose.
- Raytheon brings the strength of more than 100 years of experience and renowned 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.
What You Will Do
- 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 Integrated Program Management Reports (IPMRs) and Contractor Funding Summary Reports (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.
- Support development and maintenance of forward pricing rate estimates and submissions.
- Coach and review the work of junior finance professionals.
- Serve as a strategic business partner to program managers, contracts, engineering, and operations functions.
- Prepare and present financial analysis to senior program and finance leadership.
Qualifications You Must Have
- Typically requires A University Degree in Finance, Accounting, Business, Economics, or a related field and minimum 5 years of relevant finance or accounting experience, or an advanced degree with a minimum of 3 years.
- 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, including experience presenting to senior leadership.
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 within area of responsibility with limited oversight.
- Experience coaching or mentoring junior finance staff.
- Continuous improvement mindset with a track record of identifying and implementing process improvements.
- Experience with OneStream, SAP Business Warehouse, or similar financial planning tools.
- Background in aerospace, defense, or government contracting finance.
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