FINANCIAL ANALYST
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Job Location:
Al Khobar - Saudi Arabia
Monthly Salary:
SAR 10000 - 14000
Experience Required:
5years
Posted on:
8 hours ago
Vacancies:
1 Vacancy
Job Summary
The Financial Analyst is responsible for providing accurate financial analysis group-level reporting and consolidation of financial statements across subsidiaries. The role plays a critical part in financial consolidation inter company eliminations budgeting forecasting and performance analysis to support strategic decision-making at the holding-company level.
Key Responsibility Areas & Activities:
Financial Consolidation & Group Reporting:
- Prepare and manage group-level financial consolidation including consolidation of multiple subsidiaries.
- Perform inter company reconciliation and eliminations ensuring accuracy and compliance with group accounting policies.
- Ensure timely and accurate preparation of consolidated monthly quarterly and annual financial statements.
- Maintain and update consolidation schedules and supporting documentation.
- Maintain and update consolidation schedules and supporting documentation.
Financial Analysis & Performance Monitoring:
- Analyze financial performance across business units and subsidiaries.
- Prepare variance analysis (actual vs budget vs forecast) and provide actionable insights.
- Support management with profitability analysis cost control and financial modelling.
- Identify financial risks and opportunities at both entity and group levels.
- Support management with profitability analysis cost control and financial modelling.
- Identify financial risks and opportunities at both entity and group levels.
Budgeting & Forecasting:
-Assist in the preparation of group budgets and forecasts.
- Coordinate budget inputs from subsidiaries and ensure alignment with group financial strategy.
- Monitor budget performance and highlight deviations with recommendations.
- Coordinate budget inputs from subsidiaries and ensure alignment with group financial strategy.
- Monitor budget performance and highlight deviations with recommendations.
Accounting & Compliance Support:
- Ensure compliance with applicable accounting standards (IFRS or local GAAP).
- Support internal and external audits by providing required financial data and explanations.
- Assist in maintaining standardized accounting policies across the group.
- Assist in maintaining standardized accounting policies across the group.
Management Reporting & Decision Support:
- Prepare management reports dashboards and financial presentations for senior leadership.
- Support strategic initiatives business plans and investment analysis.
- Collaborate with cross-functional teams to support operational and strategic objectives.
- Collaborate with cross-functional teams to support operational and strategic objectives.
Requirements
Qualifications Experience Knowledge & Skills:
Qualifications & Experience:
- Bachelors degree in Finance Accounting Economics or related field.
- Professional certification (ACCA CPA CMA) is an advantage.
- Minimum 35 years of experience in financial analysis consolidation or group reporting.
- Proven experience in financial consolidation and intercompany eliminations within a holding or group structure.
- Professional certification (ACCA CPA CMA) is an advantage.
- Minimum 35 years of experience in financial analysis consolidation or group reporting.
- Proven experience in financial consolidation and intercompany eliminations within a holding or group structure.
Job-Specific Skills:
- Strong knowledge of financial consolidation principles and reporting standards.
- Advanced proficiency in Excel and financial reporting systems/ERP.
- Experience with budgeting forecasting and financial modeling.
- Strong analytical and problem-solving skills.
- Advanced proficiency in Excel and financial reporting systems/ERP.
- Experience with budgeting forecasting and financial modeling.
- Strong analytical and problem-solving skills.
Competencies:
- High attention to detail and accuracy.
- Strong analytical and critical-thinking ability.
- Excellent communication and reporting skills.
- Ability to work independently and manage multiple deadlines.
- Professional judgment and integrity.
- Strong analytical and critical-thinking ability.
- Excellent communication and reporting skills.
- Ability to work independently and manage multiple deadlines.
- Professional judgment and integrity.
Company Industry
IT Services and IT Consulting
Key Skills
- Cognos
- Forecasting
- Hyperion
- Microsoft Access
- Pivot tables
- Accounting
- Analysis Skills
- Microsoft Excel
- Financial Analysis
- Financial Modeling
- Budgeting
- Financial Planning
