Principal Financial Analyst ( Riyadh )

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About Us:

At RTX, the world's largest aerospace and defense company, 185,000 great minds are united by purpose and inspired to make a difference solving the world’s most complex problems. With our three market leading businesses, world-class operations and investments in research and development, we offer capabilities and opportunity no one else can. Together, we push the boundaries of known science and find new ways to connect and protect our world.

Raytheon brings the strength of more than 100 years of experience and renowned engineering expertise to meet the needs of today’s mission and stay ahead of tomorrow’s threat. We deliver solutions that help our nation and allies defend freedoms and deter aggression, creating a safer, more secure world. Join us and help shape the future of aerospace and defense.

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 successful candidate will work autonomously with limited oversight and serve as a strategic business partner to program and functional leadership across active in-Kingdom programs.

This position operates at a level that directly impacts operational results within the finance work area. The analyst will coach and review the work of junior finance professionals, influence policies and practices, and take ownership of complex financial deliverables across the full program finance lifecycle - including EAC development, financial metrics analysis, indirect rates analysis, and financial planning.

What You Will Do:

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 to program and finance leadership
• 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

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, providing guidance on deliverables, analytical approach, and professional development
• 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 with clarity and confidence.
• 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 from a recognized Saudi or international university and minimum 5 years of relevant finance or accounting experience, or an advanced degree in a related field with a minimum of 3 years of relevant experience.
• 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 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.

RTX adheres to the principles of equal employment. All qualified applications will be given careful consideration without regard to ethnicity, color, religion, gender, sexual orientation or identity, national origin, age, disability, protected veteran status or any other characteristic protected by law.

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