Financial Planning and Analysis Assistant Manager

شركه تبريد المناطق السعوديه; Al Khobar; On-site; SAR 200,000 - 300,000; Full time

Job summary

A leading company in the utilities sector is seeking an FP&A Specialist to support financial planning, analysis, and reporting operations. The successful candidate will be responsible for developing financial forecasts, ensuring compliance with regulations, and providing insights to management. Candidates should have 5-7 years of experience in a similar role and relevant qualifications, including a bachelor's degree in finance or accounting.

Qualifications

• 5-7 years of experience as an FP&A Specialist or similar role in utilities/energy sector.
• Proven expertise in financial modeling and forecasts.
• Strong familiarity with budgeting and forecasting methodologies.

Responsibilities

• Prepare financial statement disclosures and conduct thorough analysis of financial data.
• Develop and maintain financial models for long-term planning.
• Coordinate with auditors and prepare regulatory reports.

Skills

Financial modeling

Forecasting

Financial analysis

Budgeting

Data analysis

Communication

Education

Bachelor's degree in finance, Accounting, or related field

ACCA, CA, or CFA designation

Tools

Microsoft Excel

Analytical software

Job description

Job Description:

The role holder is responsible for supporting in the financial planning, analysis and reporting operations within the organization. The role holder assists in the development of financial forecasts, preparation of financial statement and regulatory reports, ensuring accurate and timely financial reporting to support decision making.

Job Responsibilities:

Financial Analysis and Reporting

• Prepare financial statement disclosures in a timely and accurate manner in compliance with statutory requirements and Saudi Tabreed's policies and procedures to clarify and validate of reported financial information.
• Conduct thorough analysis of financial data, identify trends, and provide insights to management to support decision making.
• Review financial data collected through the system and/ or functions/ subsidiaries and follow-up on any delays and issues to ensure timeliness and adherence to all internal and regulatory requirements.
• Monitor key financial metrics, variances, and performance indicators to assess the company's financial health.

Financial Modelling

• Develop and maintain financial models to support long-term financial planning and scenario analysis.
• Assist in the preparation of business cases and financial feasibility studies for new projects or investments to support in decision making.
• Participate in financial planning activities, including revenue projections, cost analysis, and cash flow management to provide insights to management and govern the operations.

Regulatory Compliance

• Coordinate with finance teams to prepare regulatory reports in a timely and accurate manner so that all regulatory requirements are met, and information is available to shareholders, investors and Saudi Tabreed for decision making.
• Analyse the conformity of data collected to meet the requirements of external representatives such as regulatory authorities and external auditors to ensure that any queries are answered in a prompt and efficient manner.
• Conduct analysis on Saudi Tabreed's regulatory compliance and periodically prepare reports on the compliance status to highlight areas requiring improvement.

Financial Audit

• Coordinate with internal and external auditors and support in preparing auditing reports in alignment with requirements to ensure audit objectives are met and statutory accounts are completed.
• Liaise and provide auditors with relevant financial information and finalize financial statements to ensure timely submission and completion of auditing requirements.

QUALIFICATIONS & EXPERIENCE

Experience:

Total of 5-7years of experience as an FP&A Specialist or in a similar role, within the utilities or energy sector is preferred.

Proven expertise in developing financial models and forecasts for diverse portfolios under varying assumptions and economic scenarios.

Strong familiarity with financial analysis, budgeting, and forecasting methodologies, alongside advanced financial reporting principles.

Academic / Professional Qualifications:

• Bachelor's degree in finance, Accounting, or a related field
• ACCA, CA, or CFA designation is preferred.

Required Skills:

• Advanced financial modeling and forecasting capabilities, particularly using Microsoft Excel for complex data analysis.
• Proficient in analytical software and financial planning tools that enhance data integrity and reporting accuracy.
• Strong command of budgeting, forecasting, and financial reporting principles.
• In-depth analytical ability to extract meaningful insights from financial data and trends, fostering informed decision-making.
• Excellent communication and presentation skills that allow for the effective articulation of financial information to varied audiences.
• Recognized experience in process improvement and automation initiatives within financial operations.
• Thorough understanding of accounting standards (IFRS) and relevant financial regulations applicable to the utilities market.