Planning Analyst

Sadara Chemical Company; Al Jubayl; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading chemical manufacturing company in Saudi Arabia seeks a budgeting and forecasting analyst. The ideal candidate will develop and track financial plans, collaborate with various departments, and prepare insightful reports. A Bachelor's degree in Finance, Accounting, or a related field and a minimum of 3 years of experience in budgeting or financial analysis are required. Strong skills in financial reporting, planning, and organizational competencies are essential. This role aims to enhance cost control and operational efficiency.

Qualifications

• Minimum 3 years of experience in finance or budgeting.
• Ability to analyze and track financial plans and budgets.
• Skilled in developing reports and evaluating program effectiveness.

Responsibilities

• Develop business and operating plans with various departments.
• Prepare and analyze forecasting and budgeting reports.
• Evaluate and track financial programs to meet objectives.
• Collaborate on labor budgets and cost control measures.

Skills

Consulting and Advising

Courage & Commitment

Planning and Organizing

Business Perspective

Financial Budgeting, Planning, and Reporting

Concern for Safety - Expected Level 3

Information Gathering and Processing

Working Together - Expected Level 3

Customer Focus

Passion to Deliver - Expected Level 3

Education

Bachelor’s degree in Finance, Accounting, Economics, Business Administration, MIS or related field

Job description

Short Description

Analyze various budgeting and forecasting programs, including manpower plans, labor cost plus overtime hours, material expenditures, invoice payments and track the execution of those plans over the fiscal year.

Job Purpose

Analyze various budgeting and forecasting programs, including manpower plans, labor cost plus overtime hours, material expenditures, invoice payments and track the execution of those plans over the fiscal year.

Main Accountabilities/Responsibilities

• Work with Sadara departments in the development of business plans, operating plans and accountabilities in accordance with corporate strategies and track the execution through monthly/quarterly reports.
• Prepare routine/special reports, provide analysis of forecasting and budgeting activities, and perform special studies as required.
• Develop reports on forecasting and budgeting information, with highlight on improving initiatives and strategic plans.
• Work with the functions’ departments/divisions to develop their workforce and monetary plans.
• Collaborate with the Finance on developing labor budgets according to pre-set labor rates covering regular man-hour plans, shift man-hour plans and overtime plans (for scheduled shutdowns and various coverage).
• Forecast material budgets taking into account ordered materials, delivery dates, fiscal year closures and excess material return.
• Forecast invoices payments taking into account completed work, accruals, contract amounts and outstanding invoices.
• Investigate the cost of running duplicate programs and recommend to the Management removal of such to save operating cost with variance explanations and documentations.
• Liaise with division/Department managers as appropriate to schedule activities/ programs and upon approval of plan, assist in the implementation process.
• Evaluate the effectiveness of programs/activities in meeting functional and company objectives and prepare reports accordingly to support future decision-making.
• Develop cost control measures to meet cost/schedule/program objectives.
• Use the company system to forecast, review and track budget items.
• Work with corporate group in maintaining the flow of business information to assist department/division heads in keeping operations, manpower, and financial budgets within established programs and standards.
• Perform any job-related activities as requested by the immediate supervisor/manager.

Education

Bachelor’s degree in Finance, Accounting, Economics, Business Administration, MIS or any related field.

Years of Experience

Minimum 3 years.

Competencies

• Consulting and Advising
• Courage & Commitment
• Planning and Organizing
• Business Perspective
• Financial Budgeting, Planning, and Reporting
• Concern for Safety - Expected Level 3
• Information Gathering and Processing
• Working Together - Expected Level 3
• Customer Focus
• Passion to Deliver - Expected Level 3