Financial Planning and Analysis Manager

Position Overview

We are seeking a highly motivated and experienced Financial Planning and Analysis Manager to join our dynamic team in Riyadh, Saudi Arabia. In this pivotal role, you will play a critical part in driving financial excellence by overseeing the preparation of accurate and timely financial reports, consolidating financial data across multiple business units, and ensuring strict adherence to accounting standards. Your expertise will be instrumental in maintaining the integrity of financial information, producing consolidated financial statements, and delivering actionable insights that empower strategic decision-making at all levels of the organization.

Key Responsibilities

• Strategic Financial Leadership: Lead the annual budgeting process by collaborating closely with department heads to establish realistic budget assumptions, revenue projections, and expense plans, ensuring alignment with the company’s long-term objectives.
• Financial Forecasting and Reporting: Oversee the preparation of monthly and quarterly forecast updates, ensuring financial plans remain precise while conducting in-depth variance analysis to explain deviations from the approved budget.
• Comprehensive Financial Reporting: Prepare and present detailed monthly, quarterly, and annual financial reports, including profit and loss statements at the company, business division, channel, and showroom levels to provide a holistic view of financial performance.
• Performance Monitoring and KPI Management: Design and maintain executive dashboards and key performance indicator (KPI) reports to track business performance, identify emerging trends, and proactively highlight potential risks to senior leadership.
• Advanced Variance Analysis: Conduct thorough variance analysis by comparing actual financial results against budgets and forecasts, providing clear and actionable insights into the key drivers of performance.
• Financial Modeling and Strategic Evaluation: Develop and maintain sophisticated financial models to assess business opportunities, evaluate investment proposals, and identify cost optimization initiatives that enhance profitability.
• Long-Term Financial Planning: Collaborate with senior management to create multi-year forecasts that support the company’s strategic growth objectives and ensure sustainable financial health.
• Data-Driven Decision Support: Provide financial analysis, return on investment (ROI) assessments, and evidence-based recommendations to guide decision-making for projects, new product launches, and business expansion initiatives.
• Process Optimization: Identify and implement process improvements to enhance the efficiency, accuracy, and effectiveness of financial planning and reporting activities across the organization.
• Technology and System Enhancement: Support the implementation, enhancement, and optimization of financial planning systems and tools to improve reporting quality, accelerate processes, and strengthen analytical capabilities.

Qualifications & Skills

To excel in this role, you must possess the following qualifications and competencies:

• Technical Proficiency: Advanced financial modeling and analytical skills with a strong command of Microsoft Excel, including the ability to build complex spreadsheets and perform detailed financial analysis.
• Leadership Experience: Minimum of 6 years of progressive experience in Financial Planning & Analysis, with at least 2 years in a leadership role, preferably within fast-growing Fast-Moving Consumer Goods (FMCG) organizations.
• Stakeholder Engagement: Exceptional communication, presentation, and stakeholder management skills, with the ability to translate complex financial data into clear, actionable insights for non-financial audiences.
• Data Visualization Expertise: Hands-on experience with data visualization platforms such as Power BI to create compelling and informative reports for executive decision-making.
• Educational Background: Bachelor’s degree in Accounting (B.Com) or a related field, with a professional qualification such as CA, CMA, ACCA, or an MBA in Finance being highly advantageous.
• Technical Competencies: Working knowledge of Business Intelligence tools and Microsoft Dynamics 365, along with experience using financial planning and performance management solutions such as Hyperion or Adaptive Insights.
• Language Proficiency: Fluency in both Arabic and English, with excellent verbal and written communication skills to effectively engage with diverse stakeholders.
• Eligibility: Saudi National with a valid national ID.