Operations Finance Analyst

**BAT is evolving at pace - truly like no other organisation.**

**To achieve the ambition, we have set for ourselves, we are looking for colleagues who are ready to live our ethos every day. Come be a part of this journey**

**BAT SAUDIA** **IS LOOKING FOR AN** **OPERATION FINANCE ANALYST**

**Location: Jeddah, Saudi Arabia**

**Department: Finance**

**Reports to: Operations Finance Manager, MEC**

**JOB OVERVIEW**:
**KEY RESPONSIBILITIES**:
**Cost of Sales Tracking and Review**:

- Monitor and track the cost of sales on a monthly, quarterly, and annual basis.
- Ensure all cost components, including direct labor, materials, and overhead, are accurately captured.
- Work closely with the operations, supply chain, and procurement teams to gather data and understand cost fluctuations to analyze cost variances and prepare reports for management review.
- Provide actionable insights to improve cost management and efficiency.

**Inventory Tracking and Reconciliation**:

- Perform monthly reconciliations of physical inventory against system records.
- Investigate and resolve inventory discrepancies, ensuring proper adjustments are made in a timely manner.
- Coordinate with finance and operations teams to ensure inventory valuation is accurate and aligned with financial reporting requirement
- Analyse inventory trends and performance metrics, recommending actions to improve efficiency, reduce costs, and enhance stock control.

**Budget Review and Collaboration with Supply Chain**:

- Monitor ongoing financial performance against approved budgets, tracking variances and providing detailed reports.
- Conduct monthly, quarterly, and annual budget reviews, highlighting any significant deviations and working with stakeholders to address discrepancies.
- Prepare variance reports, explain the causes of discrepancies, and suggest corrective actions.
- Assist in adjusting forecasts based on operational changes or market conditions.

**CAPEX Tracking and Monitoring**:

- Monitor and track all capital expenditure requests and approvals
- Ensure compliance with company policies and accounting standards (IFRS) for asset capitalization and recognition.
- Collaborate with procurement and operations teams to accurately capture all fixed asset acquisitions.
- Track actual versus budgeted CAPEX and report on variances.

**ESSENTIAL EXPERIENCE AND KNOWLEDGE**
- Bachelor’s degree in finance, Accounting, or a related field.
- Professional qualification such SOCPA/CPA/CA/ACCA/CMA will be a plus.
- 3-4 years of experience in a finance or operations-related role.
- Strong proficiency in Microsoft Excel.
- Knowledge of financial systems and ERP software (e.g., SAP, Oracle) is a plus.
- Excellent analytical, problem-solving, and communication skills.
- Ability to work cross-functionally with other departments (e.g., supply chain, operations).

**DESIRED ATTRIBUTES**
- Strong attention to detail and accuracy.
- Ability to work independently and meet deadlines.
- Collaborative mindset with the ability to build relationships across teams.
- Proactive and results-oriented approach to tasks and projects.

**WE ARE BAT**

At BAT we are committed to our Purpose of creating A Better Tomorrow. This is what drives our people and our passion for innovation. **See what is possible for you at BAT.**
- Global Top Employer with 53,000 BAT people across more than 180 markets
- Brands sold in over 200 markets, made in 44 factories in 42 countries
- Newly established Tech Hubs building world-class capabilities for innovation in 4 strategic locations
- Diversity leader in the Financial Times and International Women’s Day Best Practice winner
- Seal Award winner - one of 50 most sustainable companies

**BELONGING, ACHIEVING, TOGETHER**

Collaboration, diversity and teamwork underpin everything we do here at BAT. We know that collaborating with colleagues from different backgrounds is what makes us stronger and best prepared to meet our business goals. **Come bring your difference