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Budget analyst

confidential

Riyadh

On-site

SAR 150,000 - 200,000

Full time

Today
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Job summary

A leading retail firm is looking for a detail-oriented Budget Analyst in Riyadh to manage financial data and support budgeting processes. The ideal candidate will prepare budget reports, monitor expenditures, and collaborate with multiple departments to enhance financial health. Strong analytical skills and experience with financial software are essential for this role.

Qualifications

  • Strong analytical skills with a keen attention to detail and accuracy.
  • Excellent communication skills, both verbal and written.
  • Proficiency in financial modeling and analysis.
  • Ability to work collaboratively in a team environment.
  • Experience with financial software and tools.
  • Strong problem-solving skills.
  • Demonstrated ability to manage multiple projects and deadlines.
  • High level of integrity and professionalism in handling financial information.
  • Adaptability to changing financial landscapes.

Responsibilities

  • Prepare and analyze annual budgets, forecasts, and monthly financial reports.
  • Monitor and track departmental expenditures.
  • Collaborate with department heads to gather financial data.
  • Identify trends and variances in financial performance.
  • Assist in the development of budgetary controls.
  • Conduct regular financial analyses.
  • Prepare presentations and reports for management.
  • Stay updated on industry trends and regulatory changes.
  • Utilize financial software for reporting accuracy.
  • Support audits and compliance reviews.

Skills

Financial Analysis
Budgeting Software Proficiency
Attention to Detail
Communication Skills
Problem-Solving

Education

Relevant educational background in finance or accounting

Tools

SAP
Oracle
Job description

We are seeking a detail-oriented and analytical Budget Analyst to join our dynamic team in the retail and wholesale sector. The ideal candidate will play a pivotal role in managing and analyzing financial data, ensuring that our budgeting processes are efficient and effective. You will be responsible for preparing budget reports, monitoring expenditures, and providing insights to help guide our financial decisions. The successful candidate will have a strong understanding of financial principles and a proven ability to work collaboratively with various departments to support our organization's financial health.

Responsibilities:

  1. Prepare and analyze annual budgets, forecasts, and monthly financial reports to ensure alignment with organizational goals.
  2. Monitor and track departmental expenditures, ensuring compliance with budgetary guidelines and policies.
  3. Collaborate with department heads to gather financial data and provide insights for strategic planning and decision-making.
  4. Identify trends and variances in financial performance, offering recommendations for corrective actions when necessary.
  5. Assist in the development and implementation of budgetary controls to optimize resource allocation.
  6. Conduct regular financial analyses to support operational efficiency and cost-effectiveness.
  7. Prepare presentations and reports for management to communicate budgetary performance and financial forecasts.
  8. Stay updated on industry trends and regulatory changes that may impact budgeting processes.
  9. Utilize financial software and tools to enhance reporting accuracy and efficiency.
  10. Support audits and compliance reviews by providing necessary documentation and data.

Preferred Candidate:

  1. Strong analytical skills with a keen attention to detail and accuracy.
  2. Excellent communication skills, both verbal and written, to convey complex financial information clearly.
  3. Proficiency in financial modeling and analysis, with a solid understanding of budgeting principles.
  4. Ability to work collaboratively in a team environment while also being self-motivated and proactive.
  5. Experience with financial software and tools, enhancing efficiency in reporting and data management.
  6. Strong problem-solving skills, with the ability to identify issues and propose effective solutions.
  7. Demonstrated ability to manage multiple projects and deadlines effectively.
  8. High level of integrity and professionalism in handling confidential financial information.
  9. Adaptability to changing financial landscapes and organizational needs.
  10. Relevant educational background in finance, accounting, or a related field.

Skills

  • Financial Analysis: The ability to interpret complex financial data, identify trends, and make informed recommendations is crucial for effective budgeting.
  • Budgeting Software Proficiency: Familiarity with financial software such as SAP, Oracle, or other budgeting tools enhances efficiency and accuracy in reporting.
  • Attention to Detail: A meticulous approach to data analysis ensures that budgets are accurate and discrepancies are identified promptly.
  • Communication Skills: Strong verbal and written communication skills are essential for presenting financial information to stakeholders clearly and effectively.
  • Problem-Solving: The ability to analyze financial challenges and develop strategic solutions is vital for maintaining financial health within the organization.
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