Summary
Experience: 6 - 11 Years
Location:
Saudi Arabia
Education: UG - B.Com - Commerce PG - CA
Industry Type: Other
Role: Financial Analyst
Functional Area: Accounts, Finance, Tax, CS, Audit
Posted Date: 20 Jun
Desired Candidate Profile
Special Skill Required for the Job:
Strong analytical, interpretation & drafting skills. Strong networking & communication skills.
a)Physical: strength, stamina, lifting heavy material, sorting, walking, standing, climbing, dexterity, eye-sight, hearing, height, weight, etc. – (Stamina, Eyesight, Hearing)
b)Mental: concentration, observation, alertness, calculation, reading drawings, analytical, memory, intelligence, imagination, accuracy, quick-reflexes, etc. –
(Concentration, observation, alertness, calculation, reading, analytical, memory, intelligence, imagination, accuracy)
(Concentration, observation, alertness, calculation, reading, analytical, memory, intelligence, imagination, accuracy)
c) Social: co-ordination, verbal expressions, written communication, organizing, supervising, motivating, teamwork, etc.
(co-ordination, verbal expressions, written communication, organizing, supervising, motivating, teamwork)
(co-ordination, verbal expressions, written communication, organizing, supervising, motivating, teamwork)
d)Special: typing, computer skills, high-speed machine, operating at difficult condition, any other special skill, etc.
(ERP/Computer Skills)
(ERP/Computer Skills)
Resources Needed to Effectively Perform the Job:
a)Major: - Back up of ERP financial/costing modules duly integrated with other modules.
i.Strong organizational structure in financial analysis department with proper competencies and skills.
b)Minor: - Networking like e-mail, WAN, LAN, high speed printers, VSAT.
i.Strong organizational structure in financial analysis department with proper competencies and skills.
b)Minor: - Networking like e-mail, WAN, LAN, high speed printers, VSAT.
Key Functional Competencies.
a)Strong analytical abilities – should be able to analyze and interpret trends on critical performance parameters & provide proper causal analysis.
b)Strong strategic & business orientation – should be capable of closely working with SBU’s management teams in identifying key performance/ cost drivers impacting their operations, profitability & Growth.
c)Ability to understand, analyze and interpret industry dynamics and key trends impacting its growth/ technology/ competition/ supply sources etc.
d)Ability to do financial evaluation of new Capex project requirements.
e)Ability to implement & monitor costing & performance management systems driving profitability at project/ product/ contract/ customer level to help optimize operations.
f)Strong IT orientation- should have worked in an ERP environment & ability to understand integration of other functions with accounting & costing systems.
g)Build a strong team with required skill sets & continuously work to improve them in line with changing needs of business.
Specific Group Business Related Competencies.
1.Must havelong working experience in project construction or related industries preferably in Oil/ Gas/ Petrochemical sector.
2.Should have in depth knowledge of specialized costing & accounting systems & processes applicable to project construction industry. Should have deep exposure to project costing, bid preparation & activity based costing systems.
b)Strong strategic & business orientation – should be capable of closely working with SBU’s management teams in identifying key performance/ cost drivers impacting their operations, profitability & Growth.
c)Ability to understand, analyze and interpret industry dynamics and key trends impacting its growth/ technology/ competition/ supply sources etc.
d)Ability to do financial evaluation of new Capex project requirements.
e)Ability to implement & monitor costing & performance management systems driving profitability at project/ product/ contract/ customer level to help optimize operations.
f)Strong IT orientation- should have worked in an ERP environment & ability to understand integration of other functions with accounting & costing systems.
g)Build a strong team with required skill sets & continuously work to improve them in line with changing needs of business.
Specific Group Business Related Competencies.
1.Must havelong working experience in project construction or related industries preferably in Oil/ Gas/ Petrochemical sector.
2.Should have in depth knowledge of specialized costing & accounting systems & processes applicable to project construction industry. Should have deep exposure to project costing, bid preparation & activity based costing systems.
Job Description
1.To analyze & interpret key trends & variances in Group’s Operating and Financial performance on monthly/ periodical basis over targets for reporting to Executive Management.
2.To do periodical Industry analysis relating to Group’s businesses to help evaluate & modify its strategies business plans and operating strategies in their light.
3.To financially appraise Group’s capex proposals at Corporate level & do recommendations for approval.
4.To institutionalize performance management systems covering project/ products/ service/ customer level costing & profitability in Group’s businesses and regular reporting on performance & key variances.
5.To build key financial & operational benchmarks for Group’s businesses & regular analysis, interpretation & reporting of performance against them.
6.To evaluate new products/ life cycle costing of products in SBU’s.
7.Driver required IT initiatives in SBU’s to support their costing & performance management systems.
2.To do periodical Industry analysis relating to Group’s businesses to help evaluate & modify its strategies business plans and operating strategies in their light.
3.To financially appraise Group’s capex proposals at Corporate level & do recommendations for approval.
4.To institutionalize performance management systems covering project/ products/ service/ customer level costing & profitability in Group’s businesses and regular reporting on performance & key variances.
5.To build key financial & operational benchmarks for Group’s businesses & regular analysis, interpretation & reporting of performance against them.
6.To evaluate new products/ life cycle costing of products in SBU’s.
7.Driver required IT initiatives in SBU’s to support their costing & performance management systems.
Duties (basic elements of the job): Daily/weekly/monthly/annually
(Weather - daily, weekly, monthly, annually, randomly)
(Weather - daily, weekly, monthly, annually, randomly)
1.Build systems of analysis, interpretation & reporting of Group’s operating & financial performance against Budget/ plans & do detailed variance analysis.
2.Closely work with SBU’s to help them design & implement such systems at their end for effective decision making & cost control.
3.Closely work with SBU’s in implementing/ improving systems & processes relating to their performance management systems covering product/ project/ service/ customer wise cost & profitability analysis on regular basis.
4. Reviewing monthly product/ project/ service/ customer wise & business level profitability of SBU’s & report on Key trends/ variances over budgets for profit maximization by businesses.
5. To do periodical industry analysis of Group related businesses & report on their growth potential market/ competitors & Key financial indicator’s of major competitors.
6.To build Group’s business related specific cost/ performance benchmark prevailing in the industry & report SBU’s performances against the same on monthly basis.
7.To evaluate SBU’s capex proposals and recommend to Executive Management for approval.
8.To establish performance management systems in businesses for evaluation of actual performance & returns of capital expenditures projects against their original plans & report on monthly/ periodical performance against the same.
9.To evaluate new products/ life cycle costing of products for SBU’s & recommend to SBU/ Executive management.
10.To build & implement strong IT based systems in costing & performance management in SBU’s covering products/ projects/ services/ customer wise cost & profitability in close co-ordinations with SBU finance head.
Responsibilities and Accountabilities:
(a)Primary/Secondary: ( policy making, sanctioning, mobilizing, determining, maximizing, accounting, following, acquiring, averting, executing, improving, value adding, acquiring, resolving, reviewing, abiding, coordinating, supporting, etc.)
1.Developing Group level framework for analysis, interpretation & reporting of performance on key operating & financial parameters for variance analysis & initiating a structured systems of reporting against the same to Executive Management.
2.Driving SBU’s finance function to create similar framework for SBU level analysis, interpretation & reporting of variance against specific Operating & Financial performance parameters.
3.Driving SBU’s finance function & create with them structured performance management systems by implementing SBU specific processes for Product/ Project/ Customer wise profitability. Will also be reviewing such reports on monthly basis & report key trends/ variances to Executive Management.
4.To periodical conduct detailed industry analysis relating to Group related Businesses & report on their Growth potential & trends on markets, competitors their key financial indicators.
5.To closely work with SBU’s for developing key operating & financial benchmarks prevailing in Industry/ of Competitors. To compare Group’s performance against the same & report on key variances for necessary actions.
6.To evaluate SBU’s capex proposals and recommend to Executive Management for approval.
7.To establish performance management systems in businesses for evaluation of actual performance & returns of capital expenditures projects against their original plans & report on monthly/ periodical performance against the same.
8.To evaluate new products/ life cycle costing of products for SBU’s & recommend to SBU/ Executive management.
9.To build & implement strong IT based systems in costing & performance management in SBU’s covering products/ projects/ services/ customer wise cost & profitability in close co-ordinations with SBU finance head.
2.Driving SBU’s finance function to create similar framework for SBU level analysis, interpretation & reporting of variance against specific Operating & Financial performance parameters.
3.Driving SBU’s finance function & create with them structured performance management systems by implementing SBU specific processes for Product/ Project/ Customer wise profitability. Will also be reviewing such reports on monthly basis & report key trends/ variances to Executive Management.
4.To periodical conduct detailed industry analysis relating to Group related Businesses & report on their Growth potential & trends on markets, competitors their key financial indicators.
5.To closely work with SBU’s for developing key operating & financial benchmarks prevailing in Industry/ of Competitors. To compare Group’s performance against the same & report on key variances for necessary actions.
6.To evaluate SBU’s capex proposals and recommend to Executive Management for approval.
7.To establish performance management systems in businesses for evaluation of actual performance & returns of capital expenditures projects against their original plans & report on monthly/ periodical performance against the same.
8.To evaluate new products/ life cycle costing of products for SBU’s & recommend to SBU/ Executive management.
9.To build & implement strong IT based systems in costing & performance management in SBU’s covering products/ projects/ services/ customer wise cost & profitability in close co-ordinations with SBU finance head.
Keywords: CA,CPA,CMA,CWA ,Financial Analyst
Company Profile
M.S. Al- Suwaidi Group is one of the top 100 companies in Saudi Arabia; employing more than 18,000+ people and engaged in multiple businesses and group turnover of $800 Mn plus. Its various business interests included Operation & Maintenance, Construction, Trading, Hospitality Industrial Services, Accommodation, Manufacturing and Travel & Tourism.M.S. Al- Suwaidi Holding Company (A Corporate Body) has been formed as the apex organization in the year 1999. Under the umbrella of the Holding Company, several Strategic Business Units (SBUs) have been formed, where each SBU is being incorporated into a Limited Liability Company. In addition to providing strategic support, M.S. Al-Suwaidi Holding Co. Ltd., also provides vital assistance to its various Strategic Business Units in the areas of Finance, Human Resources, Group Planning and Business Development, Legal and Internal Audit.
Following are the companies in the group:
1. Al- Suwaidi Industrial Services Co. Ltd- Over the years this company has become one of the largest and highly efficient privately owned Construction, Maintenance, Scaffolding and Industrial Services organizations in the Kingdom of Saudi Arabia. The industries served by SIS are Oil & Gas, Petrochemical, Chemical, Fertilizer, Steel, Power, Desalination, and Metallurgical.
2. Al- Suwaidi Equipment & Transport Co. Ltd- Is engaged in offering its target market segments with a vast array of Equipment Services.
3. Al- Suwaidi Services Co. Ltd- Commenced its Catering Operations. Today, they have grown to 1200 employees in Catering Solutions and Staff Inn Divisions.
4. Precision Forgings – Forgings & Flanges
5. Intermediate Chemicals Co. Ltd- Manufactures Zinc Oxide
6. Al- Suwaidi Trading & Development- Is engaged in the supply of high quality Mechanical, Electrical & Instrumentation project materials, equipment and services to Oil & Gas plants, petrochemical companies, Utility companies.
7. Information Management Technologies Co. Ltd- is an end to end IT Solutions Provider.
8. Al- Suwaidi Real Estate Enterprises Co. Ltd- Was formed in response to the continuing development of Saudi Arabia especially in the field of Property, Land and Infrastructure Development.
For more information please log on to www.suwaidi.com
Contact Details
Company Name: M.S. AL-SUWAIDI HOLDING COMPANY
Address: Not Mentioned
Telephone: Not Mentioned
