Business Partner I, Finance Functions Job

Tasnee; Riyadh Region; On-site; SAR 200,000 - 300,000; Full time

Job summary

A leading industrial company is seeking a Finance Business Partner I in Riyadh. This role will manage finance support, provide actionable insights on financial performance, and assist in budgeting processes. The ideal candidate will hold a Bachelor's in Finance or Accounting and have at least 5 years' experience in a finance-related role.

Qualifications

• 5 years' experience in Finance Business Partner or relevant fields.

Responsibilities

• Provide monthly financial performance insights to leadership.
• Support efficient budgeting processes aligned with strategic objectives.
• Ensure effective communication between departments on finance-related questions.

Skills

Cost accounting

Finance and Accounting

Analysis and problem solving

Education

Bachelor in Finance, Accounting, or related majors

Job description

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Business Partner I, Finance Functions Job

Work Location: KSA > Riyadh

An exciting opportunity is available for Finance Business Partner I, Functions Reports to , Manager, Finance BP – Functions located in Riyadh.

Job purpose:

Manages day-to-day finance support to SBU / Corporate Functions ensuring best in class service in all aspects of planning, budgeting, and performance management activities. Act as contact person for Corporate Functions leadership team on all finance-related services and activities.

Role responsibilities:

• Reporting to Functions : Provide monthly, meaningful, actionable insights, commentaries, advice, and recommendations on financial performance to the Corporate Functions leadership. Specific activities include: -
• Provide monthly OPEX Budget vs Actual Report to Functions for Shared and Dedicated Expenses.
• Conduct External (with Function) Review of Report, involves identification and correction of errors and anomalies posted to the CC of the functions.
• Conduct Quarterly Internal Review of Report, involves identification and correction of errors and anomalies posted to the CC of the functions.
• Budgeting for Functions: Support efficient and effective long-term planning, forecasting and analysis processes that produce accurate, achievable plans and forecasts that align with business’ strategic objectives. Specific activities include: -
• Issue Budget Instructions and templates for Corporate Functions on an annual basis.
• Assisting Functions in the preparation of their OPEX / CAPEX Budgets for the next year.
• Present and get approval of Corporate Functions Budget from EVP Support Functions and onwards communication of budgets to all stakeholders.
• Control and Administration: Ensure effective communication between SBU, Functions and Finance Corporate Core on all Corporate Functions Finance-related questions
  • Review, update and formalize Charge Back Policy & Process and General Rules for periodic allocation.
  • Conduct annual review of Cost Center Placement of Corporate Function Employees.
  • To administer the master data setup for Support Functions Cost Centers.
  • Development & Issue SLA to be signed between Tasnee & SBUs.
  • Asset Identification, physical location, allocation and reporting.
  • Identifying potential gaps where cost saving measures can be adopted for support functions.
  • Provide regular and actionable mentoring, feedback and professional development opportunities to their teams.

Qualifications and Requirements:

• Bachelor in Finance, Accounting, or other related majors.
• 5 years’ experience in Finance Business Partner or other relevant fields.
• Cost accounting.
• Finance and Accounting.
• Analysis and problem solving

Job Segment: Accounting, Performance Management, Financial, Human Resources, Finance