Business Analyst

SupportFinity™; Saudi Arabia; On-site; SAR 100,000 - 150,000; Full time

Job summary

A leading financial services company in Saudi Arabia is seeking a Business Analyst to support the Accounts and Finance team. The role involves analyzing financial data, preparing reports, and ensuring compliance with tax regulations. Candidates should have 3 to 7 years of experience, strong analytical skills, and the ability to collaborate with diverse teams. This position offers a unique opportunity to optimize business strategies and drive financial success.

Qualifications

• 3 to 7 years of experience in a business analysis role.
• Strong analytical skills and financial acumen.
• Ability to collaborate effectively with various teams.

Responsibilities

• Conduct bookkeeping and prepare monthly and quarterly MIS reports.
• Perform variance analysis and prepare presentations for management.
• Assist in annual budget preparation and manage VAT compliance.
• Maintain control over accounts payable and receivable.
• Prepare schedules for audits and assist auditors during procedures.

Skills

Analytical skills

Financial acumen

Collaboration

Job description

Job Description

The Business Analyst will play a key role in supporting the Accounts and Finance team by analyzing financial data, identifying trends, and providing insights to optimize business strategies. This role involves identifying opportunities for improvement, streamlining financial processes, and ensuring alignment with industry best practices. Additionally, the role will support decision‑making by providing financial intelligence and assisting in the preparation of key reports and presentations for stakeholders.

Key Responsibilities

• Bookkeeping & Preparation of Monthly and Quarterly MIS Reports:
• Conduct thorough bookkeeping to ensure accurate recording of financial transactions.
• Compile and analyze financial data to prepare monthly and quarterly Management Information System (MIS) reports.
• Ensure timely and accurate bank reconciliation, staff, and other accounts related reconciliations.
• Conduct regular review of ledgers to ensure accounting hygiene and accuracy.
• Variance Analysis and Presentation Preparation:
• Perform variance analysis comparing actual financial performance to budget and forecasts.
• Prepare presentations highlighting key findings and recommendations for management review.
• Annual Budget Preparation:
• Participate in the preparation of the company’s annual budget, collaborating with relevant departments to gather necessary data and assumptions.
• VAT & Tax Compliance:
• Manage VAT compliance activities, including assistance in return filing, VAT refund applications, and submissions.
• Stay updated on Tax regulations and ensure compliance with all requirements.
• Accounts Payable & Receivables Management:
• Maintain strong control over accounts payable and receivable transactions and ensure accurate recording.
• Send monthly Statements of Account (SOA) to customers and follow up for timely recovery of receivables.
• Audit Support:
• Prepare schedules and information required for interim and annual audits.
• Assist auditors during audit procedures and address any queries or requests.

Desired Experience

An ideal business analyst should have 3 to 7 years of experience in business analysis role. This role requires strong analytical skills, financial acumen, and the ability to collaborate effectively with various teams to drive business success.

Key Relationships

Manager – Finance & Accounts, Head – Data, Data scientist, business analysts, etc.

About Us

“Apparel Group is a global fashion and lifestyle retail conglomerate residing at the crossroads of the modern economy – Dubai, United Arab Emirates. Today, the Apparel Group caters to thousands of eager shoppers through its more than 1,750+ stores and 75+ brands across all platforms employing 17,000 multicultural staff covering four continents.”

Apparel group has carved its strong presence not only in the UAE, Kuwait, Bahrain, Oman, and Saudi Arabia but opened thriving gateways to market in India, South Africa, Singapore, Indonesia, Thailand and Malaysia. Additionally, clear strategies are in place to enter emerging markets such as Hungary, Pakistan, Egypt and Philippines. Also, Apparel Group provides customers the experience of shopping from the comfort of their own home with ease and convenience via our E-Commerce site 6thStreet.com.

Apparel Group Operates Brands from around the world, originating from USA, Canada, Europe, Australia, Asia and include leading names in Fashion, Footwear & Lifestyle such as Tommy Hilfiger, Charles & Keith, Skechers, Aldo, Nine West, Aeropostale, Jamie’s Italian to name a few and other key brands include Tim Hortons, Cold Stone Creamery, Inglot, Rituals etc..

The Apparel Group owes its amazing growth to the vision and guidance of its dynamic Chairman, Nilesh Ved, who has taken the company from strength to strength since its inception in the last two decades.”

About the Company

Apparel Group