Financial Analyst

Al Awael Modern Contracting Company

Job Detail

Industry: Construction / Cement / Metals

Functional Area: Accounts, Finance & Financial Services

Total Position: 1

Job Type: Full Time/Permanent

Department: Al Awael Modern Contracting Company

Job Location: Khobar, Saudi Arabia

Nationality: Saudi

Career Level: Experienced Professional

Education: Bachelors

Minimum Experience: 10 Years

Work Permit: Saudi Arabia

Apply By: Dec 31, 2024

Posted On: Nov 10, 2024

Job Description

Job Summary: We are seeking a motivated and analytical Financial Analyst to join our finance team. The Financial Analyst will play a key role in analyzing financial data, preparing reports, and providing actionable insights to help guide business decisions. This role involves budgeting, forecasting, financial modeling, and performance analysis, with a focus on driving operational efficiency and profitability. The ideal candidate will possess strong analytical skills, attention to detail, and the ability to communicate financial insights to both finance and non-finance stakeholders.

Key Responsibilities:

1. Financial Analysis and Reporting:
   • Analyze historical financial data and trends to generate reports that support business decision-making.
   • Prepare monthly, quarterly, and annual financial statements, including variance analysis against budgets, forecasts, and historical data.
   • Present key financial insights and performance metrics to management to guide operational and strategic decisions.
2. Budgeting and Forecasting:
   • Assist in the development of annual budgets and long-term financial forecasts.
   • Monitor actual performance against budget and forecast, providing recommendations to management on areas for improvement.
   • Update forecasts regularly based on business performance and changing market conditions.
3. Financial Modeling:
   • Develop and maintain financial models to evaluate business scenarios, investment opportunities, and financial projections.
   • Perform scenario analysis and sensitivity testing to understand the impact of various business decisions on financial performance.
4. Cost Analysis and Profitability Tracking:
   • Conduct cost analysis to identify areas where the company can improve operational efficiency and profitability.
   • Analyze product lines, services, or business units to assess profitability and recommend pricing, cost-cutting, or investment strategies.
5. Investment and Capital Budgeting:
   • Assist with evaluating capital expenditure proposals, including ROI and payback period analysis.
   • Support decision-making related to investments, mergers, acquisitions, and capital projects.
6. Cash Flow Management:
   • Monitor and analyze the company’s cash flow, identifying potential shortfalls or opportunities for improvement.
   • Work with the accounting and treasury teams to ensure that liquidity needs are met.
7. Data Collection and Financial Systems Management:
   • Collect, clean, and maintain financial data from various sources, ensuring data integrity and accuracy.
   • Contribute to the improvement and automation of financial reporting processes and systems.
8. Collaboration with Other Departments:
   • Work closely with other teams, such as accounting, operations, sales, and marketing, to gather data and provide insights that support business objectives.
   • Act as a business partner to non-finance stakeholders, explaining financial concepts and results in a clear and accessible manner.

Required Qualifications:

• Education: Bachelor’s degree in Finance, Accounting, Economics, or related field.
• Experience: 8-10 years of experience in financial analysis, accounting, or a related field. Entry-level candidates with relevant internships or academic projects may also be considered.
• Technical Skills:
  • Proficiency in Microsoft Excel (advanced formulas, pivot tables, data analysis).
  • Experience with financial software or ERP systems (e.g., SAP, Oracle, Hyperion) is a plus.
  • Familiarity with financial modeling and analysis tools.
• Analytical Skills: Strong ability to analyze large sets of financial data, identify trends, and make recommendations.
• Attention to Detail: High level of accuracy and attention to detail when analyzing financial data and preparing reports.
• Communication Skills: Strong written and verbal communication skills, with the ability to present financial insights to both finance and non-finance stakeholders.
• Problem-Solving Skills: Ability to think critically, analyze data, and provide actionable solutions to complex financial issues.

Preferred Qualifications:

• Certification: CFA (Chartered Financial Analyst), CPA (Certified Public Accountant), or similar professional certification is a plus but not required.
• Industry Knowledge: Experience in [Insert relevant industry, e.g., manufacturing, technology, retail] is a plus.
• Advanced Software Knowledge: Familiarity with financial reporting and modeling software (e.g., Tableau, Power BI, SQL) is a plus.

Why Join Us?

As a Financial Analyst, you will play a crucial role in helping our organization understand its financial performance, identify areas for improvement, and make strategic decisions to drive business success. This position offers great opportunities for career growth and development within a dynamic and fast-paced environment. If you are a highly analytical individual who enjoys working with financial data and contributing to business strategy, we would love to hear from you!

How to Apply:

Please submit your resume and a cover letter explaining why you're a great fit for this role and how your skills can contribute to our company's success.