Financial Analyst
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Job Location:
Riyadh - Saudi Arabia
Monthly Salary:
Not Disclosed
Posted on:
2 days ago
Vacancies:
1 Vacancy
Job Summary
A Project Financial Analyst plays a crucial role in monitoring analyzing and reporting on the financial aspects of projects within an organization. Their responsibilities typically include financial planning budgeting forecasting and providing insights into the financial performance of projects. Here are the key roles responsibilities and challenges associated with the position:
Tasks
Roles and Responsibilities:
1. Financial Planning:
- Collaborate with project managers and other stakeholders to develop project budgets.
- Create financial models and forecasts to support project planning and decisionmaking.
2. Budgeting and Monitoring:
- Monitor project expenditures against approved budgets.
- Identify and communicate any significant budget variances.
- Work with project managers to address financial issues and optimize resource allocation.
3. Financial Analysis:
- Conduct financial analysis to assess the profitability and financial health of projects.
- Provide insights into cost drivers and recommend costsaving measures.
4. Reporting:
- Prepare regular financial reports for project stakeholders.
- Communicate financial performance risks and opportunities to management.
5. Compliance:
- Ensure that projects adhere to financial policies regulations and accounting standards.
- Assist in internal and external audits related to project finances.
6. Forecasting:
- Develop and update financial forecasts based on project progress and changes in scope.
- Anticipate and communicate potential financial risks and opportunities.
7. Collaboration:
Collaborate with crossfunctional teams including project managers procurement and accounting teams to ensure accurate and timely financial information.
8. Advisory Role:
- Provide financial insights and advice to project managers and leadership.
- Assist in decisionmaking by offering financial perspectives on various projectrelated matters.
Requirements
Qualifications for Project Finance Analyst
7 years experience in Financial Analysis & Planning with a focus on Project Management
Strong expertise in Microsoft Excel PowerBI or SQL a must
Thorough understanding how to drive project profitability overseeing Invoicing Calculation of Change Requests and Penalties Cost Management incl. procurement and time & attendance
Strong negotiation skills and understanding of underlying contractual basis
Good communication (written verbal presentation) skills
Strong working knowledge of Microsoft office products such as (Project PowerPoint Excel Visio)
Key Skills
- Cognos
- Forecasting
- Hyperion
- Microsoft Access
- Pivot tables
- Accounting
- Analysis Skills
- Microsoft Excel
- Financial Analysis
- Financial Modeling
- Budgeting
- Financial Planning
