About the job
We are seeking a dedicated Project Accountant to join our team within the Project Management Office (PMO). In this pivotal role, you will be entrusted with overseeing project budget management, financial coordination for procurement, and maintaining strict cost governance across our diverse range of projects.
The Project Accountant will collaborate closely with Project Managers to ensure adherence to standard financial and procurement protocols, effectively manage project budgets and purchasing activities, and serve as the primary liaison with the Finance department regarding all project-related financial transactions.
This position reports directly to the Head of PMO.
Key Responsibilities
• Develop and manage comprehensive project budgets in collaboration with Project Managers.
• Identify key cost drivers and ensure that budgets are realistic and effectively monitored.
• Oversee project-related purchase requests, quotations, and vendor selection processes.
• Lead negotiations with vendors and validate all project expenses prior to approval.
• Ensure uniformity in financial and procurement processes across all projects.
• Maintain relationships with preferred vendors to avoid inconsistent or duplicate sourcing.
• Coordinate with Finance to facilitate payments to approved vendors.
• Monitor project expenditures and provide transparent financial insights to PMO leadership.
Requirements
• Proven experience in project accounting, budget oversight, or cost management.
• Comprehensive understanding of project budgets, cost structures, and cost drivers.
• Practical experience in procurement processes, including handling purchase requests and RFQs/RFPs.
• Demonstrated expertise in vendor negotiations.
• Advanced proficiency in Microsoft Excel for budget analysis and tracking.
• Fluency in Arabic and English.
• Must be based in Riyadh, working full-time in-office.
