Analyst - Financial Reporting

Job description / Role

Reports:
- Prepares business unit financial statements in-line with Corporate Finance guidelines and templates.
- Performs business unit reporting/review management reports.
- Performs reporting/ review of cost management reports.
- Performs initial planning/budgeting/forecasting process.
- Prepares periodic forecasts.
- Performs initial gathering of data for entry into outlook, budget and forecast.
- Supports annual budgeting process and monthly forecast updates.
- Supports reconciliation process for balance sheet accounts where required.
- Participates in SBU-wide, long-term financial forecasting.
- Analyzes forecasts and results to identify key drivers of business as well as trends, risks and opportunities.
- Enhances current modeling, forecasting, and reporting methods.

Analysis:
- Analyzes financial indicators and prepares ratios.
- Partners with Accounting on financial results to support forecasting and analysis of future performance expectations
- Prepares, reports, reconciles and analyzes the SBU financial reports focusing on: variance analysis P&L, Enhanced analysis P&L and Balance sheets.
- Prepares monthly cash flow statement and analysis.
- Performs ad hoc financial analysis as needed.
- Addresses the Financial analyst questions and concerns regarding required data.
- Assists in the coordination and preparation of all information for external audit purposes and subsequent supervision of annual audit process.

Policies, Procedures & Compliance:
- Adheres to the reporting policies and procedures, to be in accordance with the finance departments strategies and the BUs overall objectives and strategic directions.
- Implements and ensures adherence to corporate finance and accounting policies and procedures.
- Performs any other roles and responsibilities assigned as required.

Requirements

- Bachelors degree in Finance/ Accounting.
- Minimum of 4 years of solid experience in finance.
- Experience in finance Analysis.
- Experience in accounting.
- ERP (SAP) & PC Applications knowledge is preferable.

About the Company

Arasco, The Arabian Agriculture Services Company, was founded in 1982 with a vision to supply the budding animal farm sector with the necessary products and services for intensive growth. Its first full feedmilling plant, based in Al-kharj, was and still remains a state-of-the-art technology backed by world class nutritionists and veterinarians. It has served as a catalyst (if not the driving instrument) for the fantastic growth of the dairy and poultry industries in its areas of operations. Spurred by this success, Arasco continued to grow in scope, capacity and excellence with vertical and horizontal expansions to cover the wide spectrum of agro and food industries with quality products and services. Today Arasco is an amalgam of synergized businesses which include:

• Animal feed production (2 Feed mills)
• Corn milling and refining (Starch & Glucose) and feed by-products
• DCP production (Archem)
• Production, processing and distribution of meat products and poultry breeds (Intaj)
• Bulk materials handling, storage and distribution
• Cold storage services
• Analytical and technical services (IDAC)
• Agrochemicals trade and services (Alemar)

These business entities operate in unison and are served with the latest ERP and communication systems, in addition to central sales and marketing teams at Head Office and specialized teams in each of the units.