Financial Analyst (Procurement)

Job Summary

The Financial Analyst performs economic/financial research and analyses as assigned for use in the development of business strategies and tactics and in subsequent appraisal of results. Prepares statistical studies and economic forecasts of business conditions and trends and draws relevant conclusions. He/she interprets results and provides alternatives for further consideration   

Job Responsibilities 1

Principal Accountabilities

• Provides guidelines for standard cost approaches used in business decisions and establishes and monitors cost reduction programs.
• Reviews all accrued expenses on a monthly basis.
• Ensures accurate and timely month-end, quarterly and year-end close documents.
• Reviews, audits, and verifies financial statements and related summaries and reports.

Job Responsibilities 2

1. Provides guidelines for standard cost approaches used in business decisions and establishes and monitors cost reduction programs.

2. Provides direction to functional counterparts in operating units as required, and to operating and senior management on matters involving cost determination problems, or issues such as inventory valuation, distribution of overhead, treatment of joint costs and product pricing.

3. Conducts special studies and analyses such as determination of work-in-house, or subcontract and cost impact of proposed facilities or processes.

4. Identifies and investigates issues related to assigned projects, determines scope, and selects approach from the accepted methodology or recommended alternatives.

5. Defines assumptions for the quantification and analysis of investments, acquisitions or divestitures.

6. Participates in the development of long-range financial forecasts and related budgets, considering alternative scenarios and economic prospects as appropriate.

7. Reviews the monthly trial balance in collaboration with the Chief Accountant. Review all monthly bank reconciliation and match it with original bank accounts.

• Ensures that monthly trial balance is reviewed and all monthly bank reconciliation.

8. Follow up with Senior Finance Director to implement the company’s budget and compare it with the actual expenses.

• Ensures proper follow up re implementation of the company’s budget comparing it to the actual expenses

9. Reviews all accrued expenses on a monthly basis. Review the depreciation process for the fixed assets to ensure right direction of the depreciation expenses (the right cost drive of the depreciation).

• Ensures that thorough review on all accrued expenses as well as the depreciation process for the fixed assets.

10. Manages and provides assistance in managing or maintaining accounts of strategic clients.

• Helps in managing and providing assistance in maintaining accounts of strategic clients.

11. Monitors all over work related to year end closing procedures to issue the yearly audited financial statement of the company.

• Monitors all over work related to year end closing procedures to issue the yearly audited financial statement of the company.

12. Supervise and train less experienced analysts
 

Additional Responsibilities 3

Job Knowledge & Skills

• In-depth knowledge of Generally Accepted Accounting Principles and Practices

• Knowledge of statutory accounting principles

• Knowledge of Financial analysis and research procedures as they apply to financial methods.

• In-depth and demonstrable experience in financial management and accounting.

• Strong proficiency with MS Office Application along with Accounting/Finance Software.

• Experience working within an executive team

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• ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.

Job Experience

Total    13 year(s) On Job      5  year(s) GCC     3  year(s)

Competencies

Education