Financial Planning And Analysis Manager

confidential; Eastern Province; On-site; SAR 112,000 - 188,000; Full time

Job summary

A leading firm in the oil and gas sector is seeking a Financial Planning and Analysis Manager to oversee financial forecasting, budgeting, and reporting processes. The role demands a strategic thinker with strong analytical skills to provide insights to senior management while leading a team of analysts. Candidates should have proven experience in financial planning and analysis, exceptional communication skills, and proficiency in financial modeling. This position is based in Saudi Arabia, Eastern Province.

Qualifications

• Proven experience in financial planning and analysis within the oil and gas industry or similar sectors.
• Strong analytical skills with the ability to interpret complex financial data.
• Excellent communication skills, both verbal and written.

Responsibilities

• Lead the preparation and consolidation of the annual budget and quarterly forecasts.
• Conduct in-depth financial analysis to support strategic initiatives.
• Develop and maintain financial models that provide insights into business performance.

Skills

Financial Analysis

Budgeting and Forecasting

Leadership

Communication

Technical Proficiency

Job description

The Financial Planning and Analysis Manager plays a pivotal role within the organization, particularly in the oil and gas sector, by overseeing financial forecasting, budgeting, and reporting processes. This position requires a strategic thinker with a strong analytical background who can interpret complex financial data and provide actionable insights to senior management. The ideal candidate will be responsible for enhancing financial performance through effective planning and analysis, ensuring alignment with the company’s strategic objectives. The Financial Planning and Analysis Manager will lead a team of financial analysts and work collaboratively across departments to support decision-making processes that drive growth and profitability.

Responsibilities

1. Lead the preparation and consolidation of the annual budget and quarterly forecasts, ensuring accuracy and adherence to timelines.
2. Conduct in-depth financial analysis to support strategic initiatives, identifying trends and variances in financial performance.
3. Develop and maintain financial models that provide insights into business performance and support decision-making.
4. Prepare and present financial reports and analyses to senior management, highlighting key performance indicators and actionable insights.
5. Collaborate with cross-functional teams to develop financial plans that align with operational goals and objectives.
6. Monitor and analyze business performance against budget and forecasts, providing recommendations for corrective actions.
7. Ensure compliance with financial regulations and company policies, maintaining high standards of integrity and accuracy.
8. Provide mentorship and leadership to the financial analysis team, fostering a culture of continuous improvement and professional development.
9. Drive process improvements in financial planning and analysis practices, leveraging technology to enhance efficiency.
10. Support ad-hoc financial analysis and reporting requests as needed to assist management in strategic decision-making.

Preferred Candidate

1. Proven experience in financial planning and analysis within the oil and gas industry or similar sectors.
2. Strong analytical skills with the ability to interpret complex financial data and translate it into actionable insights.
3. Excellent communication skills, both verbal and written, with the ability to present financial information clearly to non-financial stakeholders.
4. Demonstrated leadership skills, capable of managing a team and fostering a collaborative working environment.
5. Proficiency in financial modeling and forecasting techniques, with experience using advanced Excel functions.
6. Strong understanding of financial regulations and compliance requirements relevant to the industry.
7. Ability to work under pressure and manage multiple priorities effectively.
8. Detail-oriented mindset with a commitment to accuracy and quality in financial reporting.
9. Experience with financial software and ERP systems, enhancing data analysis and reporting capabilities.
10. Proactive approach to problem-solving, with a focus on driving efficiency and effectiveness in financial processes.

Skills

• Financial Analysis: The ability to analyze financial statements, budgets, and forecasts to identify trends, variances, and opportunities for improvement is crucial for informed decision-making.
• Budgeting and Forecasting: Expertise in developing and managing budgets, as well as creating accurate forecasts that align with business strategies, ensuring financial stability and growth.
• Leadership: Strong leadership skills are essential for managing a team of financial analysts, guiding their professional development, and fostering a collaborative environment.
• Communication: Exceptional verbal and written communication skills are necessary for presenting complex financial information to stakeholders at all levels, ensuring clarity and understanding.
• Technical Proficiency: Proficiency in financial modeling tools and software, including advanced Excel skills and familiarity with ERP systems, enhances data analysis and reporting capabilities.