Director of Financial Planning and Analysis

Magrabi Health; Jeddah, Makkah Al Mukarramah; On-site; SAR 300,000 - 400,000; Full time

Job summary

A leading healthcare organization is seeking a Financial Planning Manager to oversee financial strategies and lead budgeting efforts. The ideal candidate will possess extensive experience in financial planning within the healthcare sector and be fluent in both English and Arabic. Key responsibilities include managing performance reporting, strategic forecasting, and engaging with stakeholders to ensure alignment with the organization's financial objectives.

Qualifications

• 10-15 years of experience in financial planning, budgeting, and analysis in large organizations.
• Fluency in English and Arabic essential.

Responsibilities

• Lead and manage the financial planning department, ensuring alignment with strategic objectives.
• Oversee the annual budgeting process and manage rolling forecasts.
• Prepare and present reports to the board and senior management.

Skills

Leadership

Strategic Thinking

Financial Analysis

Communication

Cost Management

Education

Bachelor’s degree in Finance, Accounting, Economics

MBA or Master’s in Finance

CPA, CFA, CIMA, CMA or ACCA certification

Tools

EPM tools (Board, Jedox, Hyperion, Anaplan)

Advanced Excel modeling

Financial analysis tools

Job description

Summary:

This role will oversee the financial planning within a healthcare organization, playing a critical part in driving financial strategy, ensuring business sustainability, and supporting growth through insightful financial leadership.

Responsibilities:

• Lead Financial Planning Department: Independently manage and lead the financial planning department, ensuring alignment with overall business objectives and working closely with senior leadership to drive strategic decisions.
• Annual Budgeting: Oversee the annual budgeting process, setting financial and operational targets, allocating resources, and preparing detailed budgets by country, branch, and key services.
• Rolling Forecasts: Manage 12-month rolling forecasts, updating year-to-date (YTD) performance, identifying risks and opportunities, and developing strategies to close performance gaps, adjusting forecasts to reflect market conditions and internal performance.
• Performance Reporting: Coordinate with cross-functional teams (HR, Marketing, Operations, Sales, etc.) to prepare periodic financial and operational performance reports. Provide detailed insights and recommendations to the management team in monthly performance reviews.
• Comprehensive Performance Decks: Partner with various departments to compile comprehensive performance summaries, ensuring representation of key performance indicators (KPIs) and financial health across all functions for internal and external reporting.
• Board Reporting: Prepare and present quarterly updates, insights, and recommendations to the board of directors, executive committees, and senior management. Develop clear, concise, and data-driven presentations that support decision-making.
• Long-Term Planning: Lead the development of strategic long-term financial plans (5+ years), including scenario planning and sensitivity analysis for major projects and investments, considering revenue diversification and cost optimization.
• Feasibility Studies: Conduct detailed feasibility studies and profitability assessments for new business opportunities, service expansions, and campaigns. Evaluate risks, return on investment (ROI), and overall impact on the business.
• Financial Modeling Expertise: Develop and manage advanced financial models, business plans, and scenario analysis. Provide insights into potential outcomes, cash flow forecasting, capital requirements, and profitability.
• Communication & Stakeholder Engagement: Develop strong relationships with internal and external stakeholders, including department heads, auditors, and external consultants. Possess the ability to translate complex financial data into actionable insights for nonfinancial stakeholders.
• Mergers & Acquisitions (M&A) Support: Support M&A activities by conducting financial due diligence, integrating financial planning for acquisitions, and ensuring seamless alignment with overall financial strategies.
• Cost Management & Optimization: Identify opportunities for cost optimization across the organization by conducting detailed analysis of cost structures, benchmarking against industry standards, and recommending efficiency improvements.
• Cash Flow & Working Capital Management: Monitor and manage cash flow projections, working capital, and liquidity to ensure the financial stability and operational efficiency of the business.

Qualifications and Experience:

• Bachelor’s degree in Finance, Accounting, Economics, or a related field.
• Master’s degree in Finance or Business Administration (MBA) is highly desirable.
• CPA, CFA, CIMA, CMA or ACCA certification is required.
• Additional certifications in financial analysis or business planning would be a plus
• Progressive Experience: Proven track record with at least 10-15 years of experience in financial planning, budgeting, and analysis within large multinational or regional organizations, within the GCC.
• Healthcare Industry Experience: Experience in the healthcare sector is a strong advantage, with an understanding of industry-specific challenges such as regulatory environments, cost management, and service delivery models.
• Bilingual Proficiency: Fluency in both English and Arabic is essential, with the ability to produce and present financial reports in both languages.
• Technical Expertise: Expertise in enterprise performance management (EPM) and budgeting tools (Board, Jedox, Hyperion, Anaplan, etc.). Proficiency in advanced Excel modeling, financial analysis tools, and data visualization software.
• Leadership & Team Management: Strong leadership capabilities with experience managing and mentoring teams, fostering a culture of continuous improvement and financial accountability.
• Strategic & Analytical Thinking: Demonstrated ability to develop long-term financial strategies, conduct scenario planning, and provide insights that drive business growth and operational efficiency.
• M&A Experience: Prior experience in supporting M&A activities, including financial modeling, due diligence, and post-merger integration, is highly desirable.
• Change Management: Ability to lead financial transformation initiatives and drive process improvements, especially in aligning financial planning with evolving business strategies. Minimum