Budget Analyst

3 weeks ago

Al Jubail, Saudi Arabia Bechtel Corporation Full time

Position Summary

Jubail is one of Bechtel’s most remarkable achievements—a city built from the sand up, requiring vast resources and logistical planning on an unprecedented scale. It the biggest civil engineering project in modern times—and it's getting bigger. Bechtel has managed the Jubail project, located in the Eastern Province of Saudi Arabia, since it began in the mid-1970s. Saudi Arabian Bechtel Company (SABCO) serves as the Management Services Contractor (MSC), or “owner’s representative” for our client, the Royal Commission (RC). We are the Engineering, Procurement, and Construction (EPC) managers, managing design submissions from local AE firms, and overseeing the actual construction work being performed by local contractors and sub-contractors in Jubail and Ras-Al-Khair Industrial Cities. In June 2021, Bechtel’s contract with the Royal Commission was renewed for another 5 years with work focusing on building new residential communities, iconic buildings/ bridges, major site preparation, commercial buildings, mosques, schools, hospitals, sports facilities, clinics, universities, utility services and infrastructure (electrical sub-stations, lift stations), roads and highways, port & pipeline expansions, and more. 

This is a seconded position to the Royal Commission (RC). The candidate will be supervised on a day-to-day basis with the daily tasks being assigned by RC. The role will be dependent on RC’s requirement in future.

The candidate’s timesheet and annual performance review will be performed by the assigned Bechtel supervisor.

Major Responsibilities

The Budget Analyst will be responsible for assisting in the development, implementation, and monitoring of budgets for the organization.

Responsibilities include but not limited to the following:

Assist in the preparation and analyzing financial data, identifying trends, and providing recommendations to support effective budget management. Monitor and track actual expenses against budgeted amounts, identifying any discrepancies or variances. Work closely with the finance team to ensure budgets are adhered to and financial goals are achieved by monitoring and track actual expenses against budgeted amounts, identifying any discrepancies or variances. Conduct in-depth financial analysis to identify trends, patterns, and opportunities for cost savings or revenue generation. Collaborate with department managers to review budget proposals, ensuring accuracy and alignment with strategic objectives. Assist in the preparation of financial reports and presentations, providing clear and concise information to stakeholders. Participate in budget planning sessions and provide input on financial forecasts and projections. Evaluate and recommend process improvements to streamline budgeting and financial management procedures. Stay updated on industry trends, regulatory changes, and best practices in budget management. Perform additional job-related tasks when delegated or directed. Prepare ad hoc requests for senior management. Perform any other tasks and responsibilities at the request of his / her supervisor.

Qualifications and Skills:

Essential Technical: 

Diploma / bachelor’s degree in finance, accounting, or a similar discipline. Proficient in using financial analytical tools and software. Knowledge/job experience as a budget analyst and financial planning. Familiarity with the laws and regulations in the Kingdom of Saudi Arabia in the field of accounting / finance.

Essential Behavioral:

Ability to communicate effectively both in English and in Arabic. Possess good interpersonal skills and the ability to work with different nationalities. Excellent computer skills and experience in using Microsoft / related software tools.

Additional Qualifications:

Preferred Technical:

Knowledge of finance and accounting principles. Knowledge of financial concepts and experience in using techniques of financial analysis.

Preferred Behavioral:

Ability to work independently and collaboratively in a team environment. Strong organizational skills. Ability to multitask across projects in a fast-paced environment.

ADDENDUM

Grade 21 – Fresh diploma / bachelor’s degree in finance, accounting or a similar discipline

Grade 22 – At least 3 years of relevant experience.

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