Financial Analyst

Maximus Gulf Recruitment; Al Khobar; On-site; SAR 30,000 - 70,000; Full time

Job summary

An established industry player is seeking a skilled Financial Analyst to join their dynamic team. This role involves preparing financial forecasts, analyzing budgets, and providing insights to improve financial performance. You will work closely with various departments, assisting in budgeting and forecasting while also supporting operational teams with data-driven insights. The ideal candidate will have strong Excel skills and experience with financial modeling and reporting. Join this forward-thinking company to make a significant impact on financial strategies and processes, all while enjoying a collaborative and innovative work environment.

Qualifications

• Strong skills in financial modeling and data analysis.
• Experience in budgeting, forecasting, and financial reporting.

Responsibilities

• Prepare financial forecasts and budgets while analyzing actual results.
• Support teams with data-driven insights and monitor financial risks.

Skills

Financial Modeling

Excel Proficiency

Financial Reporting

Budgeting & Forecasting

Accounting Knowledge

Data Analysis & Interpretation

ERP & Financial Software

Cost Analysis

Tools

SAP

Oracle

Power BI

Tableau

Job description

1. Financial Planning & Analysis

• Prepare and update financial forecasts and budgets.
• Analyze actual results against budgets and forecasts.
• Identify trends, variances, and key performance indicators (KPIs).
• Provide recommendations to improve financial performance.

2. Reporting & Data Management

• Prepare regular and ad-hoc financial reports for management.
• Review sales, revenue, and profit reports.
• Review financial databases and models.
• Ensure accuracy and consistency of financial data.

3. Cost Analysis & Profitability

• Analyze cost structures and identify cost-saving opportunities.
• Evaluate margins by product, customer, or region.
• Support pricing decisions with financial analysis.

4. Market & Business Analysis

• Analyze trading volumes, product demand, and market opportunities.

5. Budgeting & Forecasting

• Assist in the preparation of annual budgets and periodic re-forecasts.
• Work with different departments to collect budgeting data.
• Monitor budget utilization and flag discrepancies.

6. Operational Support

• Support procurement, sales, and operations teams with data-driven insights.
• Analyze supply chain costs and inventory levels.
• Assist in evaluating new business opportunities or projects.

7. Risk Management

• Monitor financial risks such as currency fluctuations and credit exposures.
• Prepare scenario and sensitivity analyses.
• Support compliance initiatives with data and analysis.

8. Process Improvement

• Recommend improvements to financial processes and reporting systems.
• Automate repetitive reporting tasks where possible.
• Assist in implementing new financial tools or ERP systems.

9. Stakeholder Communication

• Present analysis, findings, and recommendations to management.
• Prepare materials for board meetings, investor presentations, or external reporting.
• Coordinate with auditors and other external parties as needed.

Skills

• Financial Modeling – Ability to create and manage financial models to analyze data, forecast future financial performance, and make recommendations.
• Excel Proficiency – Strong skills in Excel, including advanced formulas, pivot tables, and data analysis tools.
• Financial Reporting – Expertise in creating and interpreting financial reports, such as income statements, balance sheets, and cash flow statements.
• Budgeting & Forecasting – Experience in preparing and managing budgets, financial forecasts, and variance analysis.
• Accounting Knowledge – Understanding of accounting principles (GAAP, IFRS), including financial statements and cost structures.
• Data Analysis & Interpretation – Ability to analyze large sets of data, identify trends, and extract actionable insights.
• ERP & Financial Software – Familiarity with financial tools like SAP, Oracle, or other ERP systems, as well as data visualization tools like Power BI or Tableau.
• Cost Analysis – Experience in assessing cost structures and identifying opportunities for cost savings.