Financial Reporting & Budgeting Manager - CA /CPA

Elbait Consultants

Jeddah, Saudi Arabia

Posted on: 7 Jun 2024

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JOB DESCRIPTION / ROLE

Employment: Full Time

Our client is a listed manufacturing group based in Jeddah, KSA

They are seeking to recruit highly qualified budgeting & reporting head to join their finance department, this role reports to the group CFO.

The incumbent shall provide financial insights to support the making decision process, by conducting all required financial analysis & forecasting and by properly handling budgeting & reporting, in addition the job-holder needs to prepare cost projection as well as develop financial models, conduct process analysis and set-up benchmarking exercise.

We are seeking a highly skilled Financial Reporting & Budgeting Manager to join the finance team at the corporate office of the holding (manufacturing industry). The ideal candidate will be responsible for overseeing the financial planning, reporting, and budgeting processes, and will play a key role in driving the company's financial performance and strategic decision-making. This position will be based in Jeddah, Saudi Arabia, and offers an exciting opportunity for a talented finance professional to make a meaningful impact within a dynamic and growing organization.

Responsibilities:
- Lead the financial reporting and budgeting processes, including the preparation of financial statements, budgets, and forecasts.
- Collaborate with department heads to gather financial data and provide insights to support strategic decision-making.
- Analyze financial performance and variances, and provide recommendations to improve profitability and cost-efficiency.
- Develop and maintain financial models to support long-term financial planning and scenario analysis.
- Ensure compliance with accounting standards, internal policies, and regulatory requirements.
- Manage and mentor a team of finance professionals to ensure accurate and timely financial reporting.
- Participate in the development and implementation of financial systems and processes to enhance efficiency and accuracy.
- Support the senior management team with ad-hoc financial analysis and reporting as required.

Requirements:
- Bachelor's degree in Finance, Accounting, or related field; CPA or CA certification is a must for this role, in addition having CFA is a certain plus
- Proven experience in financial reporting, budgeting, and analysis within the manufacturing industry at corporate level.
- Strong knowledge of accounting principles and financial regulations.
- Proficiency in financial modeling and advanced Excel skills.
- Excellent analytical and problem-solving abilities with a keen attention to detail.
- Effective communication and interpersonal skills, with the ability to collaborate with cross-functional teams.
- Demonstrated leadership and people management capabilities.
- Experience with SAP ERP systems and financial software applications is a must to this role
- Ability to thrive in a fast-paced, dynamic environment and drive continuous improvement initiatives.

ABOUT THE COMPANY

Elbait is a boutique type of executive search & recruitment management consulting firm based in Dubai. The unique understanding about the market needs, cultural awareness and professionalism enable the firm to offer its services to diversified portfolio of clients that operates in the ME region. Elbait is committed to seek the most suitable professionals on international, regional as well as national basis.

Elbait committed to have well-defined partnership with Clients to meet their talent acquisition and executive needs on both Practice and Function basis. In addition, it committed to ensure remarkable contribution to the welfare of Stake-holders, Clients and Job-seekers.

Industries: - FMCG, Consumer goods & retail - Construction, Engineering, Oil & Gas, infrastructure (technical & non-technical) - Automotive - Property Management & Real- Estate

Functions across industries (other than above): - Sales & Marketing - HR & IT - Finance & Accounting

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