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Financial Analyst - Jobs in Riyadh, Saudi Arabia

4.00 to 8.00 Years   Riyadh, Saudi Arabia   18 Nov, 2022
Future Careers Middle East Freezone LLC
1 Jobs Openings
Job LocationRiyadh, Saudi Arabia
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryReal Estate
Functional AreaNot Mentioned

Job Description

On behalf of Saudi Arabia?s leading Real Estate & Property developers, we are seeking a Financial Analyst for their Riyadh operationsReporting to the Finance Manager, and ˙CFO you will be responsible for the development of budgets, forecasts, and bank-requested reports, and assisting in all functions related to Financial & Budgeting for the organization, affiliate, and subsidiaries.Budgeting & Cost Control

  • Participate in the development of annual Budgets and projections in line with the organizations strategic direction and objectives.
  • Prepare and develop a detailed annual budget guideline, standards, time schedule, and assumptions.
  • Prepare the budget forms/ models to be used in the budgeting process and develop new techniques for use in financial planning and analysis.
  • Seek clarifications from departments on budgets and underlying assumptions, present the consolidated budget to the Management and seek approvals.
  • Prepare quarterly performance reports showing key performance indicators, trends, and comments on actual vs. budget variations and risks as well as areas that require management attention.
  • Guides cost analysis process by providing trends and forecasts; explaining processes and techniques; recommending actions.
Financial Planning & Analysis˙
  • Provide feasibility study for proposed projects, capital expenditure, and acquisitions in coordination with the finance board.
  • Provide financial analysis explanations on liquidity, and financial stability, through the financial ratios and comparative figures.
  • Assist in the preparation of monthly balance sheets, and income statements, and report the variance.
  • Analyze data to ensure proper accounting procedures have been followed.
  • Protects operations by keeping financial information confidential
Supervising the daily operations of the Accounting department
  • Review 100% of all financial transactions and ensure 100% accuracy of all data and posting
  • Manage month/year-end accounting process, accounts payable/receivable, cash receipts, payroll, treasury, budgeting, cash forecasting, revenue and expenditure variance analysis, capital assets reconciliations, account statement reconciliation, fixed assets activity, debit activity, JV accounting, billing and financial reporting in line with the company policy.
  • Manage and oversee the daily operations of the accounting department.
  • Ensure that all transactions within the accounting function are completed accurately and in a timely manner.
  • Provide monthly, and quarterly variance reports between actual and budgeted figures to the management.

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