Financial Analyst

4 months ago


الدمام, Saudi Arabia Talent Pal Full time

Position Summary:
Reporting directly to Financial Controller, the Financial Analyst shall be responsible for all areas relating to financial and Management Accounts at the facility.

Essential Responsibilities:

- Oversee day-to-day bookkeeping functions of the operations, including the preparation of local statutory accounts.
- Maintenance of a clean set of balance sheet supporting records (called the ownership book), detailing every item on the Balance Sheets. The ownership book to be updated on a monthly basis.
- Supervision of the reconciliation of all bank accounts and inter-company accounts every month end and to initiate the adjusting entries where appropriate.
- Timely submission of all monthly financial reports as well as ad-hoc reports required by corporate headquarters, or as directed.
- Inventory and Work In Progress. Ensure that the cost build-up of on-going jobs reviewed regularly and to highlight to Controller & General Manager any potential overrun of job costs against the budgeted estimates.
- Organizing and overseeing fixed assets physical verifications and well as the custody of inventory.
- Ensuring that warranty reserves as well as excess and obsolescence reserves are adequate and made in accordance with ITT policy.
- Preparation of the annual strategic plans and budget as well and regular updates of forecasts and cash flows or any other reports besides the monthly Balance Sheet and Profit and Loss statements, or as directed
- Credit approval and control and debt collection, ensuring that Bad Debt reserves made in accordance with ITT policy.
- Responsible for the documenting, updating and maintenance of hard and soft copies of all financial control narratives, flowcharts and Sarbanes Oxley Act (SOA) Control templates, including the uploading of most up to date SOA documentation onto the ITT Intranet.
- Maintaining standard costing records.
- Cost and Management Reports.
- Submission of monthly commentary on the state of the business and performance of the unit each month end.
- Billing to the customers according to the VAT requirement and passing the same to the concerned persons for dispatch and proper accounting.
- Supervise review supplier invoices and other invoices with the PO and GRN.
- Oversee due dates for supplier and service providers invoices and issuance of the payment to them on timely basis.
- Maintenance of statistical report showing the monthly payment details for all the recurring payments like telephone, rent etc.
- Ensure accuracy and reliability of SOARS data
- Preparation of the annual strategic plans and budget as well and regular updates of forecasts and cash flows or any other reports besides the monthly Balance Sheet and Profit and Loss statements, or as directed.
- Preparation of MIS reports.
- Preparation and submission or various statutory reports as per the requirement.

Position Requirements:
**Education**:
Bachelor’s degree (or local equivalent) in Finance & Accounting or Economics. An advanced degree preferred.

**Experience**:
Minimum 10 years’ experience in finance/cost accounting preferably with a multinational manufacturing company

**Other Skills/Knowledge/Experience**:
Excellent Computer literacy (MS Office, profound knowledge of Excel, One Stream, SAP & Power BI exposure would be considered an asset)

Knowledge of US GAAP and/or IFRS would be considered an asset

The incumbent must have a good command of English language. A second language (Arabic) would be a plus.

Excellent skills in financial analysis, analytical experience, problem solving.

Strong organizational skills.

PC skills including spreadsheet, presentation software and word processing are necessary.

Resistance to pressure & tolerance to tight deadlines

**CORE COMPETENCIES = Our Principles in Action**

Excellent communication skills - written and verbal.

Strong work ethic

Excellent analytical skills

Outstanding leadership and presentation skills

Global perspective

Initiative and good independent judgment

This job has been sourced from an external job board.



  • الدمام, Saudi Arabia Siemens Energy Full time

    **Snapshot of Your Day** This role will be responsible for the timely and accurate completion of all commercial/financial related matters for Field Services teams. These include managing the field service cost centers management, forecasting, budgeting, controlling and reporting according to defined processes, standards, and applicable Financial Reporting...


  • الدمام, Saudi Arabia Rawaj - Human Capital Management Full time

    Leverage your abilities and join the dynamic team of a leading holding company in Dammam, Saudi Arabia. A **Financial Investment Manager **for a holding company oversees the management and optimization of investment portfolios, conducts financial analysis to guide strategic investment decisions, and ensures alignment with the company's financial goals and...


  • الدمام, Saudi Arabia Al Rashed Wood Full time

    Al Rashed Wood- Job Detail**Industry** - Construction / Cement / Metals**Functional Area**: - Manufacturing**Total Position**: - 1**Job Type**: - Full Time/Permanent**Job Location**: - Dammam, Saudi Arabia**Career Level**: - Experienced Professional**Maximum Experience**: - 4 Years**Work Permit**: - Saudi Arabia- Nov 1, 2024**Posted On**: - Oct 13,...


  • الدمام, Saudi Arabia ABB Full time

    **Project Finance Analyst, Dammam**: **Take your next career step at ABB with a global team that is energizing the transformation of society and industry to achieve a more productive, sustainable future. At ABB, we have the clear goal of driving diversity and inclusion across all dimensions: gender, abilities, ethnicity and generations. Together, we are...


  • الدمام, Saudi Arabia Perfect Vision Full time

    **RESIDENT STATUS**: Transferable **JOB TITLE**: Stock Portfolio Manager **SUPERVISOR/MANAGER**: Reports to CEO **JOB SUMMARY**: The Stock Portfolio Manager is responsible for managing a portfolio of investments on behalf of clients or institutions. This role involves analyzing financial markets, identifying investment opportunities, and implementing...


  • الدمام, Saudi Arabia Core Lab Full time

    **ADVANCED ROCK PROPERTIES SUPERVISOR** JOB PURPOSE Competent in handling all Advanced Rock Property laboratory analysis relating to core samples including maintenance and troubleshooting of equipment. Supervise and prioritize the work for a team of Core Analysts, monitor safety protocols and manage training within the laboratory. May perform project...

  • Finance Manager

    2 months ago


    الدمام, Saudi Arabia Matar Holding Salama Engineering Full time

    Job brief We are looking for a reliable Financial Manager that will analyze everyday financial activities and subsequently provide advice and guidance to upper management on future financial plans. The goal is to enable the company’s leaders to make sound business decisions and meet the company’s objectives. In this role, you will have the opportunity...

  • Cost Analyst

    2 months ago


    الدمام, Saudi Arabia Nestle Operational Services Worldwide SA Full time

    Nestlé Waters, part of Nestlé, is the number one bottled water company worldwide. We are present in most distribution channels with a a large portfolio of 51 unique brands including Nestlé Pure Life, our No. 1 bottled water brand, Perrier and San Pellegrino. We’re passionate about creating shared value for society in all kinds of ways: from providing...


  • الدمام, Saudi Arabia Perfect Vision Full time

    **RESIDENT STATUS**: Transferable **SUPERVISOR/MANAGER**: Finance Manager **MAIN DUTIES/RESPONSIBILITIES**: 1. Oversee the full cycle of accounting operations for the heavy equipment rental business, including accounts receivable, accounts payable, payroll, and general ledger 2. Prepare and analyze financial statements, including balance sheets, income...

  • Accountant

    2 months ago


    الدمام, Saudi Arabia DHL Full time

    **Job Purpose** Develop and administer Accounting and General Ledger (GL) plans and objectives to prepare financial statements in line with GL strategy, Group policy, internal and external accounting principles, regulations and compliance requirements **Typical Business Titles** Accounting Analyst, Accounting Officer **Differentiator** - Subject matter...


  • الدمام, Saudi Arabia Tenaris Full time

    **LOCATION**: **DEPARTMENT**: **HR CONTACT**: **BUYER** **Purpose** Purchase, in due time and manner, equipment, services and materials from approved suppliers and subcontractors, ensuring the best customer service level. Optimize the purchasing cycle, maximize quality, minimize costs and ensure that purchase orders and contracts comply with all...

  • Fs Planner

    4 months ago


    الدمام, Saudi Arabia Siemens Energy Full time

    We are growing the size and scope of our specialist Planning function, dedicated to implementing standard process Resource Planning to our services and we are now looking for a Resource Planner to join our operations function. This role involves setting up forecasting, capacity planning and scheduling for our services. **How You Will Make an Impact** -...


  • الدمام, Saudi Arabia Siemens Energy Full time

    We are growing the size and scope of our specialist Planning function, dedicated to implementing standard methodology Resource Planning to our services, and we are now looking for a Resource Planner to join our operations function. This role involves setting up forecasting, capacity planning, scheduling, Efficiency &Training plan for our Field services...


  • الدمام, Saudi Arabia Talent Pal Full time

    **LOCATION**: **DEPARTMENT**: **HR CONTACT**: **BUYER** **Purpose** Purchase, in due time and manner, equipment, services and materials from approved suppliers and subcontractors, ensuring the best customer service level. Optimize the purchasing cycle, maximize quality, minimize costs and ensure that purchase orders and contracts comply with all...