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Assistant Financial Planning Manager

Date:  16-Nov-2021
Location: 

Riyadh, SA

Company:  Olayan Financing Company
Department:  Financial Management
Sub Department:  Finance and Accounting - Financial Planning & Repo
Number of Openings: 

Short Description (Role Purpose)

Provide financial analysis and support to operating managers on strategic planning, budgeting and operations planning, performance monitoring and variance analysis.  Assist financial manager in evaluation of future business opportunities.

Job Accountabilities & Activities

Budgeting

  • Work with respective finance heads to build annual budgets and forecasts, consolidating them into one overall budget and forecasts.
  • Preparation of annual financial budget and succeeding forecast revisions in stipulated format
  • Tracking budget / revised budget variances against actual results and forecast and ensure proper reason / explanations to variances.

Financial Analyses

Conduct different financial analysis, when needed, to support management decision making.  e.g. Capex evaluation, financial model review, working capital analysis, etc.

Automation

  • Provide support during the roll-out of implement system implementation of SAP Group reporting and development of various management reports.
  • Replace the manual consolidation practices of the budgets and forecasts with automation.

Reporting

  • Review, compile and analyze companies’ monthly financials.
  • Prepare presentations for various OFC meetings as described in the reporting agenda i.e. Board, Excom and Monthly Management Meetings.
  • Handle ad-hock requests as required by top management.
  • Handle requests from zakat and treasury departments

Relationships Management

Build and manage relationships with finance teams of various companies and divisions to ensure meeting different needs and requirements and the smooth flow of different activities.

Audit

  • Provide support to the accounting team on preparing the audit requirements and keep track of submissions.
  • Liase with the group auditors for effective functioning of audit for the whole group

Education & Certifications

BA in Finance and Accounting 

Required Years of Experience

5 yeras of experience