Cost Analyst jobs in United Arab Emirates

1. Interfacing with business customers, gathering requirements and delivering complete BI solutions to drive insights and decision making across stakeholder teams.
2. Interfacing with other technology teams to extract, transform, and load data from a wide variety of data sources using SQL (Redshift, Oracle) and ability to use a programming and/or scripting language to process data for modeling.
3. Evolve organization wide Self-Service platforms.
4. Building metrics to analyze key inputs to forecasting systems.
5. Leading complex analytical deep dives (Segmentation, A/B testing).
6. Recognizing and adopting best practices in reporting and analysis: data integrity, test design, analysis, validation, and documentation.

Basic Qualifications

1. Bachelor's degree in computer science, engineering, mathematics or equivalent.
2. 5+ years of business analyst, data analyst or similar role experience.
3. Experience with SQL.
4. Experience with data visualization using Tableau, Quicksight, or similar tools.

Preferred Qualifications

1. Financial Data Analysis and Reporting:
   1. Analyze financial data to identify trends, variances, and opportunities for improvement.
   2. Prepare financial reports and present findings to senior management, offering insights and recommendations.
   3. Monitor financial performance and assess the impact of different variables on business results.
2. Budgeting and Forecasting Support:
   1. Assist in the preparation of annual budgets, ensuring alignment with business objectives and operational plans.
   2. Conduct financial forecasting, including revenue and expense projections, to support decision-making.
   3. Analyze actual performance against budgeted targets, identifying areas for corrective action.
3. Financial Modeling and Valuations:
   1. Build and maintain financial models to assess business performance and support investment decisions.
   2. Conduct scenario analysis and sensitivity analysis to evaluate the financial impact of various decisions.
   3. Provide recommendations based on the financial modeling results to optimize profitability and growth.
4. Cost Management and Efficiency Improvement:
   1. Analyze cost structures and identify opportunities for cost reduction or process improvements.
   2. Work with department heads to assess financial performance and implement strategies to improve efficiency.
   3. Monitor and report on key cost drivers, helping to align operational costs with business goals.
5. Financial Process Improvement:
   1. Identify areas where financial processes can be optimized or automated.
   2. Collaborate with the finance team to implement process improvements, streamline workflows, and enhance reporting accuracy.
   3. Assist in the evaluation of new financial systems, software, or tools to support operational efficiency.

Financial Analysis

1. Proficient in analyzing financial data, including income statements, balance sheets, and cash flow statements.
2. Ability to identify trends, variances, and financial issues that impact the organization’s performance.
3. Strong understanding of financial metrics, ratios, and KPIs to evaluate business performance.

Budgeting and Forecasting

1. Experience with budgeting processes, cost management, and forecasting future financial performance.
2. Ability to build financial models to support budget and forecast planning.
3. Expertise in evaluating and recommending adjustments to budgetary assumptions based on real-time data and trends.

Data Analysis and Reporting

1. Expertise in using data analysis tools (e.g., Excel, SQL, Power BI, Tableau) to interpret large datasets and generate reports.
2. Ability to present complex financial data and insights clearly to non-financial stakeholders.
3. Experience in creating financial dashboards and visualizations to track performance metrics.

Financial Modeling

1. Strong proficiency in building financial models for scenario analysis, valuations, investment decisions, and forecasting.
2. Experience in sensitivity analysis and assessing the impact of different variables on financial outcomes.
3. Ability to perform ROI analysis and help guide strategic decision-making based on model results.

Accounting and Financial Systems Knowledge

1. Familiarity with accounting principles and frameworks, including GAAP (Generally Accepted Accounting Principles) or IFRS (International Financial Reporting Standards).
2. Experience using financial software and ERP systems (e.g., SAP, Oracle, QuickBooks, Microsoft Dynamics).
3. Knowledge of internal controls, financial audits, and compliance requirements.

Problem-Solving and Critical Thinking

1. Strong problem-solving skills to identify financial challenges and develop effective solutions.
2. Analytical thinking to assess large volumes of financial data and make actionable recommendations.
3. Ability to identify inefficiencies, risks, or cost-saving opportunities within financial processes.

Communication Skills

1. Strong verbal and written communication skills to present complex financial data and analysis to stakeholders.
2. Ability to explain financial concepts and analysis to non-financial team members.
3. Proficiency in creating clear reports and presentations that highlight key findings and recommendations.