Financial Analyst

First Executive Recruitment; Riyad Al Khabra; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading Recruitment Agency is seeking an experienced Financial Analyst based in Riyadh, Saudi Arabia. The role involves providing financial expertise and developing budgets while working closely with the Director of Finance and CFO. Ideal candidates should have a Bachelor's degree in Finance, with at least four years of hands-on experience in financial analysis, budgeting, and an understanding of the real estate sector. Competitive salary and benefits are offered, which include family status benefits and vacation days.

Benefits

30 vacation days per year

Medical insurance

Yearly salary increment

Paid National Holidays

Qualifications

• Experience in Budgeting and cost control, financial planning and analysis.
• 4 years’ experience in a Financial Analyst position.
• Must have experience in real estate and development.

Responsibilities

• Provide advice at a financial and analytical level to Director of Finance and CFO.
• Prepare annual budgets and quarterly performance reports.
• Conduct feasibility studies for proposed projects.

Skills

Analytical thinking

Problem solving

Time management

Strategic Planning Skills

Teamwork

Integrity

Commitment

Initiative

Education

Bachelor’s Degree in Finance or related

Job description

Our client is a LeadingReal Estate Development Company operating across the region.

Weare looking for experienced FinancialAnalyst to be based in Riyadh, Saudi Arabia.

JOB OVERVIEW

The Financial Analyst reports directly to Director ofFinance and CFO.

• Thejobholder is expected to provide specialist advice at a financial andanalytical level to Director of Finance and CFO
• Responsiblefor the development of budgets, forecasts, bank requested reports andassisting in all functions related to Financial & Budgeting for UREDand affiliates and subsidiaries.

KEY RESPONSIBILITIES

Budgeting & Cost Control

• Participatein the development of annual Budget and projections in line with strategicdirection and objectives.
• Prepareand develop a detailed annual budget guideline, standards, time scheduleand assumptions.
• Preparethe budget forms/ models to be used in the budgeting process and developnew techniques for the use in financial planning and analysis.
• Seekclarifications from departments on budgets and underlying assumptions,present the consolidated budget to the Management and seek approvals.
• Preparequarterly performance reports showing key performance indicators, trends,comment on actual vs. budget variations and risks as well as areas thatrequire management attention.
• Guidescost analysis process by providing trends and forecasts; explainingprocesses and techniques; recommending actions.
• Providefeasibility study for proposed projects, capital expenditure, andacquisitions in coordination with the finance board.
• Providefinancial analysis explanations onliquidity, and financial stability, through the financial ratiosand comparative figures.
• Assist inthe preparation of monthly balance sheet, income statement and reportingthe variance.
• Analysedata to ensure proper accounting procedures have been followed.
• Protectsoperations by keeping financial information confidential.

General Management of Accounting & Finance services

• Contributesto team effort by accomplishing related results as needed.
• To participateand support company new initiatives.
• Toexecute any task related to the finance & accounting when its requiredby the management.
• Accuracyof prepared annual budgets for the company and JV companies on time.
• Accuracyof prepared financial statements and consolidated reports.
• Quarterlycost analyses including the general and administrative expense
• Preparationof feasibility studies for new projects
• Efficiencyand effectiveness of Accounting service functions.

KEY SKILLS

• Analyticalthinking
• Problemsolving
• Timemanagement
• StrategicPlanning Skills
• Teamwork
• Integrity
• Commitment
• Initiative

CORE COMPETENCIES

• Accuracy
• Planning& Analysis
• Presentationskills
• Analyticalthinking about financial process

ESSENTIAL REQUIREMENTS

• Shouldhave Bachelor’s Degree in Finance, preferably with CMA certification orany related
• 4years’ experience in a Financial Analyst position
• Experiencein Budgeting and cost control, financial planning and analysis
• Experience in general management of accounting andfinance services
• Musthave experience in real estate and development
• Saudinational preferred

COMPENSATION & BENEFITS

• Salary to be used as a guide only and will reflect experience levels and interview performance
• Salary from 7k – 10k SARper month
• Plus family status benefits, 30 vacation days per year, medical insurance, yearly salary increment, 9 to 15 additional paid (National Holidays), 2 days of per week.