Finance - Planning and Budget / Saudi Arabia

Job Title - Financial Planning and Budgeting

Job Code  - Level 5

Job Grade - Finance Tier 5 in Finance Organization

Function - Finance

Department/Section - Finance

Reports to Controller

Staff Supervised - Direct Reports (approx.) 1 to 5

Total Reports (approx.) 5 to 7

Work Location - Dhahran, Saudi Arabia

Job Purpose

Financial planning and analysis (FP&A) is a group within a company's finance organization that provides senior management with a forecast of the company's profit and loss (income statement) and operating performance for the upcoming quarter and year.  And also responsible for budgeting, forecasting and analytical processes that support an organization's financial health and business strategy.

Primary Accountabilities

Functional Knowledge (40%)

• Lead the strategic aspects of the annual operating plan and budget process for the company
• Prepare presentations in support of board and shareholder meetings, monthly/quarterly senior leadership meetings and various strategic committees of the company.
• Prepares asset, liability, and capital account entries by compiling and analyzing account information
• Documents financial transactions by entering account information
• Recommends financial actions by analyzing accounting options
• Summarizes current financial status by collecting information; preparing balance sheet, profit and loss statement, and other reports
• Substantiates financial transactions by auditing documents
• Maintains accounting controls by preparing and recommending policies and procedures
• Guides accounting clerical staff by coordinating activities and answering questions
• Reconciles financial discrepancies by collecting and analyzing account information
• Maintains financial security by following internal controls
• Answers accounting procedure questions by researching and interpreting accounting policy and regulations
• Prepares special financial reports by collecting, analyzing, and summarizing account information and trends
• Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional societies
• Instrumental in the success of the month end process

Business Expertize (10%)

• Knowledge of Accounting Principles and Practices as per IFRS applied in practice
• Transactional data processing knowledge via business end to end process

Leadership (10%)

• Finance Development
  • Developing personal finance knowledge and skill set with a continuous improvement ethos
• Financial Knowledge Transfer & Acumen
• Contribute to workshops for key elements in the financial reporting calendar e.g. Performance Management & Business Planning, Budgeting & Forecasting, Financial Close and Month / Year end, Financial Contracts review, Transactional data processing etc.

• Financial Framework & Governance
  • Contribute to new or revise current accounting policy and procedures as required by the business while operating within IFRS guidelines

Problem Solving (10%)

• Audit Schedules, Issues and Queries completed and resolved
• Accounts Reconciliation as per month end requirements
• Data Analysis and Presentation as required

Nature of Impact (10%)

• Ensuring core finance date is accurate, at required Audit standards and delivered within required timeframes
• Ensures business queries are resolved and responded to in a timely manner

Area of Impact (10%)

• Business Wide, All Stakeholders
  • The impact is across JV Partners, JV Board, JV C suite, Business functions, Government Authorities, Government Auditors, JV Partner Auditors, JV Clients and JV Supply chai

Interpersonal Skills (10%)

• Strong Communication Skills
• Self-Starter and Self- Motivated
• Team Player Whilst Being able to Deliver Individually
• Cultural Awareness

Communication and Working Relationships

Internal
Finance Department
Business Functions & employees

External
Minimal exposure –Audit and government Authorities

Job Requirements

Education Requirements:
Degree or Degree Equivalent Work Experience
Financial planning and analysis experience
4 years in a core Finance position within the Construction industry preferred
Forecasting future budget need
License / Certification / Accreditation:
Part Qualified and studying towards Professional Accountancy Qualification e.g. CPA, CMA, ACA, ACCA, CIMA etc.

Language Requirement:
Excellent Verbal and Written English
Arabic Language (Spoken/Written) Will Be An Advantage

Competencies (Knowledge, Skills & Abilities):

Customer Focus
Identifying and Anticipating Customer Needs
Displays an interest in the customer by trying to understand their concerns and issues; draws on customer insight to help others with how to best meet current and future customer needs

Customer Care/Service
Develop positive internal and external customer relationships by consistently and efficiently delivering value

Following Customer Service Trends
Shares best practice knowledge with others in work team; identifies ways in which the customer experience could be enhanced.

 
Collaboration/Teamwork
Delivering Information and Assistance
Actively participates in meetings by providing input, expressing opinions, and offering solutions; ensures that others have an opportunity to voice their thoughts

Role Identity and Interpersonal Interactions
Works in an open and dependable manner with team members; assumes individual contributor or manager role as needed

Building/Maintaining Relationships and Fostering Cooperation
Establishes and grows working relationships; seeks out and encourages different and diverse ideas from others.

Initiative
Addressing Gaps in Work
Anticipates and takes action on what needs to be done to accomplish an objective, task or goal; finds alternative or less obvious ways to carry out plans

Motivating and Energizing Self and Others
Sets challenging yet motivating short and long term goals which lead to beneficial individual and team results

Self-Starting
Accepts ownership for individual performance, results and actions; volunteers for tasks before being asked by other or being forced by events.

Accountability
Taking Responsibility and Ownership
Takes responsibility for achieving job requirements, tasks and objectives even if other resources are required

Driving and Delivering Results
Willingly and appropriately goes beyond the scope of one’s job to get the work done and meet commitments made to others

Managing Expectations and Working Through Setbacks
Takes responsibility for individual and team errors by personally fixing problems and unintended consequences.

Knowing the Business
Understands Operational and Financial Factors
Applies understanding of operational and financial factors that drive team performance to contribute to department success

Understands Company Products, Services
Applies knowledge of organization’s products/services and competitive landscape to deliver on team goals

Collects and Evaluates Metrics/Data to Determine Actions
Gathers and evaluates information about the organization’s overall performance to inform priorities.

Additional / Other Requirement:
Delegate for Finance Supervisor as required
Statements in this Job Description are intended to reflect, in general, the duties and responsibilities of the job with requirements, but are not to be interpreted as totally inclusive.