Financial Analyst

Job Description

This role oversees three major aspects viz.1. Reporting ? which involves in preparation of periodic financial reports for internal and external stake holders in compliance with SOCPA & IFRS reporting regulations and guidelines.2.Planning ? Designing effective budget models for departments and entire company as a whole; implement budgetary controls and monitor outcomes.3. Analysis - Utilize both quantitative and qualitative analysis of all operational aspects of a company in order to evaluate the company?s progress toward achieving its goals and to map out future goals and plans.Key Outcomes of the Role:REPORTING? Preparation of financials statements and related reports to internal & external stakeholders within stipulated reporting time frame.? Ensure financials statements are in compliance with IFRS guidelines and fulfils other regulatory requirements of the Kingdom (SOCPA, Shari?ah, etc)? Liaise with Internal Auditors for completion of Audits on timely basis and address audit findings by means of rectification & implementation of financial & non-financial controls and provide constructive feedback.? Liaise with external auditors for completion of interim & final audits and facilitate the auditors to issue the signed financials on time.? Coordinate with finance team to complete assigned month-end accounting tasks within deadlines? Perform thorough analysis over expenses periodically to ensure completeness and accuracy of the expenses prior to declaring the monthly profits to management.? Perform thorough analysis over monthly GP margin (branch wise & product wise) prior to declaring profits to management? Review and recommend changes to accounting policies as required to meet the business requirements? Making Special Report based on request from Management.PLANNING? Design effective budget models for departments and the entire company? Analyze financial information (e.g. revenues, expenditures and cash management) to ensure all operations are within budget? Present annual budgets to steering committee? Review budget requests for approval specially expenditures related capital assets? Forecast future budget needs? Implement and monitor budgetary controls to align different business units to achieve the common budget goal.? Identify variances between actual and budgeted financial results at the end of each reporting period? Provide constructive feedback to improve and control spending with profit maximization motive? Ensure department managers meet budget submission deadlinesANALYSIS? Perform financial forecasting, reporting, and operational metrics tracking? Analyze financial data ? and create financial models for decision support? Report on financial performance and prepare for regular leadership reviews? Analyze past results, perform variance analysis, identify trends, and make recommendations for improvements? Work closely with the accounting team to ensure accurate financial reporting and decision support? Evaluate financial performance by comparing and analyzing actual results with plans and forecasts? Guide cost analysis process by establishing and enforcing policies and procedures? Provide analysis of trends and forecasts and recommend actions for optimization? Recommend actions by analyzing and interpreting data and making comparative analyses; study proposed changes in methods and materials? Identify and drive process improvements, including the creation of standard and ad-hoc reports, tools, and Excel dashboards? Increase productivity by developing automated reporting/forecasting tools.?INTERNAL CONTROL & AUTOMATION? Developing financial strategy, including risk minimization plans and opportunity forecasting? Analyzing the System and providing the feedback to improve System? Involved in the New Development Implementation E.g. Designing, Planning and Implementation.? Identify loopholes and recommend risk aversion measures and cost savings? Report on financial performance and prepare for regular leadership reviews

• ? Additional controller duties as necessary

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