42 Budget Analyst jobs in Saudi Arabia

Key Responsibilities:

1. Budgeting and Cost Control:

Develop and maintain standard costing models, including the allocation of direct and indirect costs (labor, materials, overhead), and regularly update them based on operational and market changes.

Perform variance analysis (standard vs. actual costs), investigate significant deviations, and prepare root-cause reports with actionable recommendations to management.

Analyze product and process costs to find areas where we can reduce expenses.

Work closely with the Production team and have direct exposure to production operations .

Recommend cost-saving initiatives and assist with their implementation.

Develop, manage, and monitor annual budgets across departments.

Prepare regular financial reports comparing budgeted costs to actual expenditures.

Identify and analyze cost variances and recommend corrective actions.

Monitor cost-reduction initiatives and track savings.

Collaborate with department heads to align financial planning with business objectives.

Use financial models and forecasting tools to support decision-making.

Maintain detailed cost records by category (e.g., labor, materials, overhead).

Identify cost overruns and recommend corrective actions.

Assist in cost evaluation of vendor quotations and contract proposals.

Track and report actual expenditures against budgeted amounts.

Support strategic decision-making with cost forecasts and financial modeling.

Support management with data-driven insights to improve operational efficiency.

Ensure compliance with internal financial procedures and controls.

1. Inventory Management Support:

Monitor and track inventory levels, movements, and consumption patterns.

Coordinate with warehouse and procurement teams to ensure accurate inventory reporting.

Perform regular inventory costing and valuation in line with accounting standards.

Analyze inventory usage and turnover to identify slow-moving or obsolete items.

Assist in periodic physical inventory counts and reconciliation.

Support implementation and maintenance of inventory control systems (manual or ERP-based).

Ensure alignment between physical stock and recorded inventory values in the system.

1. Reporting and Analysis:

Prepare monthly and quarterly reports covering budget status, cost trends, and inventory valuation.

Provide management with actionable insights based on financial and operational data.

Key Skills:

Planning, budgeting, and management reporting

Cost and inventory control

Communication and reporting

Financial and management accounting

Knowledge of SAP is a preferable

Strategic thinking

Problem-solving

Qualifications & Experience:

Bachelor's degree in Finance, Accounting, Economics, or related field.

Professional certification such as CMA, or equivalent (preferred).

3–5 years of relevant experience in budgeting, forecasting, and cost control.

Strong knowledge of financial analysis and modeling techniques.

Experience with ERP systems, SAP is a plus.

Advanced Excel and data analysis skills.

Excellent attention to detail and analytical mindset.

Overview

Job Summary: We are seeking a Financial Planning & Analysis Manager to join our team and help drive financial planning and forecasting activities to support the company's strategic goals. The ideal candidate will be responsible for analyzing financial data, preparing reports, and supporting key decision-making processes.

• Develop and maintain financial models to support budgeting and forecasting processes
• Analyze financial performance and provide insights to senior management
• Prepare monthly, quarterly, and annual financial reports
• Collaborate with various departments to gather financial data and support decision-making
• Identify and implement process improvements to enhance the efficiency of financial planning and analysis activities
• Monitor key performance indicators (KPIs) to track the company's financial health

• A Bachelor’s or master’s degree in finance, Accounting, or a related field is essential
• Professional certifications such as CA, CPA, ACCA, CMA, or CFA are highly desirable
• 8 to 15 years of relevant experience in profitability and performance management, with a focus on financial analysis and decision-making support
• Prior experience in the utilities, power, or energy sectors is highly preferred
• Proven experience in financial planning and analysis, preferably in a managerial role
• Strong analytical skills and proficiency in financial modeling
• Excellent communication and presentation skills
• Ability to work effectively in a fast-paced environment
• Advanced knowledge of Microsoft Excel and financial planning software

INSPIRE | EXHILARATE | DELIGHT
For over seven decades, Chalhoub Group has been a partner and creator of luxury experiences in the Middle East. In its pursuit to excel as a hybrid luxury retailer, the Group has curated a portfolio of over 10 owned brands and strengthened its distribution and marketing expertise for over 400 international names across luxury fashion, beauty, jewellery, watches, eyewear, and art de vivre categories.

Every step at Chalhoub Group is taken to build a future where luxury dreams become reality — bridging cultures and crafting memorable experiences for our consumers. Be it by constantly reinventing itself, committing to innovation, or embracing new technologies, the Group is shaping the future of luxury retail. It delivers seamless omnichannel experiences across more than 950 stores, online platforms, and mobile apps. Driving this innovation journey is The Greenhouse — the Group's innovation hub, incubator, and accelerator for startups and emerging businesses, regionally and globally.

Chalhoub Group fosters a people-at-heart culture rooted in diversity, equity, and inclusion, and a workplace catalysed by forward thinking and future-proofing. Today, it brings together over 16,000 talented professionals across eight countries in the Middle East, with a presence in LATAM. Their collective efforts have earned the Group the Great Place to Work certification in several markets.

Sustainability is at the core of the Group's strategy, guided by a clear commitment to people, partners, and the planet. Chalhoub Group is proud to be a member of the United Nations Global Compact, a signatory of the Women's Empowerment Principles, and to have pledged to reach Net Zero by 2040.

What You'll Be Doing

• Develop trustworthy relationship with the Business Units to drive financial management and processes.
• Support operations in preparing P&L projection, analysis of financial viability of new investments and budget follow-up.
• Organize internal and external reporting; make constructive proposals and act as an internal consultancy to Managing Director, Finance Director and Business units' Managers to monitor the business.
• Evaluate business proposals with complete analysis of economic impact on business Analyze financial information to produce forecasts of business, industry and economic conditions for use in making decisions.
• Assist in developing Financial Strategic Planning such as the 3-Y Plan Review purchase cycle and analyze the Cash Flow and stock position on regular basis to provide corrective actions if necessary.
• Prepare variance analysis and recommendations on monthly financial figures from business units compared to budget and last year and issue reports as required by the management.
• Follow up and control the capital expenditure budgets allocated to the business unit.
• Monitor the cost structure of the companies' business units and prepare business profitability analysis.
• Arrange, observe and control the P&L, balance sheet and recommend action.
• Provide Internal Control and ensure compliance with all Group Policies and Procedures Prepare and monitor the performance of internal rate of return (IRR) studies for proposed outlets and new products.
• Prepare the Monthly dashboard, budget revisions and close follow up on: collections, payables, stock, sales and net margin. challenge assumptions and propose revisions.
• Drive month end closing by analyzing trial balances, researching general ledger activity and variances to budget and prior year.
• Develop and improve processes related to expenditure, appropriate financial methods to beer evaluate and measure performance
• Provide analytical support as required to various cross-function initiative and ad hoc projects (e.g. preparing business plans, study of the cash flow and P&L)
• Instigate and participate in all process improvement initiative related to the Business Unit
• Participate in relevant projects and community activities as and when needed
• Monitoring and managing the organization's bank relationships and liquidity management
• Forecasting of medium and long- term funding and hedging requirements Daily cash management
• Debt facilities management

What You'll Need To Succeed

• Master/BA in Finance.
• Minimum of 5-7 years' experience in Financial Planning positions of increasing responsibility.
• Excellent analytical skills with demonstrated experience with financial statement analysis, financial metrics.
• Advanced knowledge of Microsoft Office, primarily Excel and Dashboard.
• Proven track record of demonstrating intellectual curiosity, problem solving, business acumen and enthusiasm.
• Excellent communication and organizational skills. Proven ability to collaborate across teams, functions and departments.
• Ability to work well with a team and also thrive independently.
• Attention to accuracy and detail required

What We Can Offer You
With us, you will turn your aspirations into reality. We will help shape your journey through enriching experiences, learning and development opportunities and exposure to different assignments within your role or through internal mobility. Our Group offers diverse career paths for those who are extraordinary, every day.

We recognise the value that you bring, and we strive to provide a competitive benefits package which includes health care, child education contribution, remote and flexible working policies as well as exclusive employee discounts.

We Invite All Applicants to Apply
It Takes Diversity Of Thought, Culture, Background, Differing Abilities and Perspectives to truly Inspire, Exhilarate and Delight our customers. At Chalhoub Group, we are committed to inclusion and diversity.

We welcome all applicants to apply and be part of our exciting future. We ensure equal opportunity for all our applicants without regard to gender, age, race, religion, national origin or disability status.

About Mozn
Mozn is a rapidly growing technology firm revolutionising the field of Artificial Intelligence and Data Science headquartered in Riyadh, Saudi Arabia and it's working to realise Vision 2030 with a proven track record of excellence in supporting and growing the tech ecosystem in Saudi Arabia and the GCC region. Mozn is the trusted AI technology partner for some of the largest government organizations, as well as many large corporations and startups.

We are in an exciting stage of scaling the company to provide AI-powered products and solutions both locally and globally that ensure the growth and prosperity of our digital humanity. It is an exciting time to work in the field of AI to create a long-lasting impact.

About The Role
We are looking for an
*FP&A Analyst – SOCPA Registered
to join our Finance team. In this role, you will combine a strong accounting foundation with forward-looking financial analysis. You will play a key part in
budgeting, forecasting, variance analysis, and performance tracking
, while also providing insights that support
data-driven strategic decisions *
.

As part of a fast-growing AI company in Saudi Arabia, you will work closely with business leaders and cross-functional teams to deliver financial intelligence that drives growth and efficiency. This position is ideal for a SOCPA-registered professional who wants to
*leverage their accounting expertise while growing into a more analytical, business-partnering capacity *
.

What You'll Do

• Work closely with cross-functional teams, including accounting, operations, and sales, to gather relevant data and insights.
• Provide financial analysis and support for special projects and initiatives as requested by senior manage-ment.
• Manage and control the internal approval process for both budget submissions and actual consumption within the FP&A team, ensuring full alignment with budget limits before requests are escalated to the pro-curement team.
• Ensure adherence to budgetary guidelines and company policies.
• Engage in the annual budgeting process, collaborating with various departments to set realistic financial targets.
• Engage in the preparation of the detailed budget documentation and facilitate budget presentations to stakeholders.
• Maintain the rolling forecasts to predict future financial performance based on historical data and market trends.
• Regularly update forecasts to reflect changes in business operations or economic conditions.
• Perform variance analysis to compare actual results against budgeted and forecasted figures, identifying trends and anomalies.
• Conduct profitability analysis on products, services, and business segments to support strategic decision-making.
• Prepare timely and accurate financial reports for management, highlighting key insights and trends.
• Develop dashboards and visualizations to effectively communicate financial performance and metrics using different BI tools.

Qualifications

• Bachelor's degree in Accounting or any related field.
• 3- 5 years of experience in a similar role.
• SOCPA registration required.
• Strong proficiency in financial modeling.
• Advanced knowledge of Excel and financial software (e.g., ERP systems, BI tools)
• Strong analytical and problem-solving skills, with the ability to interpret complex financial data.
• Proficient in conducting and presenting research results.
• Ability to work well under pressure and meet tight deadlines.
• Self-motivated and capable of working independently with minimal supervision.
• Excellent written and verbal communication skills.
• Demonstrates integrity and professionalism.
• CMA, CFA, AFM, or FMVA certifications are preferred

Benefits

• You will be at the forefront of an exciting time for the Middle East, joining a high-growth rocket-ship in an exciting space.
• You will be given a lot of responsibility and trust. We believe that the best results come when the people responsible for a function are given the freedom to do what they think is best.
• The fundamentals will be taken care of: competitive compensation, top-tier health insurance, and an enabling culture so that you can focus on what you do best
• You will enjoy a fun and dynamic workplace working alongside some of the greatest minds in AI.
• We believe strength lies in difference, embracing all for who they are and empowered to be the best version of themselves.

Financial Planning & Analysis Manager

Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and your family, be your true self, and live a full life. You'll also have access to:

• Career development with an international company where you can grow the career you dream of.
• Insert key local benefits that differentiate us in the market.
• A company recognized as a great place to work in dozens of countries worldwide and named one of the most admired companies in the world by Fortune.
• A company that is recognized as one of the best big companies to work for as well as the best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

This position works out of our Jeddah. On site. location in the Abbott Nutrition International

Divisional Information

Nutrition

Our nutrition business develops science-based nutrition products for people of all ages, from helping babies and children grow to keeping adult bodies strong and active. Millions of people around the world count on our leading brands – including Similac, PediaSure, Pedialyte, Ensure, and Glucerna – to help them get the nutrients they need to live their healthiest lives.

What You'll Work On

• Provide finance expertise to support ANI Saudi organization in business partnering and strategic initiatives.
• Prepare Financial Plans, Rolling LBE's, and manage financial activities, including monthly close processes and analysis for Saudi affiliates.
• Ensure completeness and accuracy of financial data, presenting a comprehensive and well-positioned Affiliate package to senior management.
• Collaborate with internal operational personnel and external partners, advising on financial and strategic implications of proposed concepts.
• Must provide appropriate advice and strategy to Senior Management to ensure timely, comprehensive, accurate, and insightful end product.

Primary Function – Finance:

• Direct and have full responsibility for preparing the financial Plans, rLBE's within the Division with annual sales $148MM (FY25Plan).
• Supports the affiliate Finance Director on FP&A related work and ad-hoc activities
• Lead the financial aspects of Medical Nutrition business Unit
• Preparation of Internal financial reports on Periodic basis (comprising Brand P&L, Channel wise profitability, actual spends analysis on sales promotion and other SG&A).
• Preparation of various reports on periodic basis to be submitted to AREA and Division (Such as reports on Sales reports, P&L schedules and Balance Sheet).
• Ensure all the submission are timely, comprehensive, accurate with clear & concise commentary.
• Perform detailed analysis of Sales / SG&A / GTN after month end and provide tracking vs budget to each budget owner and maintain FY forecast up to date.
• Ensure financial controls are being implemented and exercised in guidance with Abbott's compliance and financial policies.
• Providing the business analytics to help drive initiatives that are critical to the ongoing growth of the company.
• Streamlining processes and identifying opportunities for savings across all areas of the business.
• Preparing key management reports, highlighting risks and opportunities and preparing contingency plans.
• Review accruals as part of monthly close activities and coordinate with CFS / ALOG to ensure accurate month close.

Commercial Business Partnering

• Work closely with MN, Hospital & Marketing teams for evaluation of various initiatives.
• Proactive in originating, participating in and executing strategies, directed towards the enhancement of the business objectives of the ANI Saudi to achieve both current and long-range objectives
• Monitor In-Market Sales and target achievements for Medical Nutrition
• Analyze the inventory on monthly basis to identify distress and risk stocks
• Provide financial input, including ROI analysis (where applicable) for commercial activities.
• Co-ordinate with demand / logistics team to ensure TMS reflects IMS updates / changes
• Co-ordinate with the distributor for various matters and resolve issues, where applicable.
• Exercise budgetary controls and monitor spending limits.
• Prepare Ad Hoc Analysis as and when required by Local Management & Area
• Identify, Analyse, and monitor issues that affect profitability, growth and productivity.
• Work with the MN team to generate and implement ideas for cost leadership / profitability
• Provide support in tender pricing process & hospital pricing process to improve margin

Required Qualifications:

• Master's degree in accounting / finance or CPA/CA.

Minimum Experience Required:

• 5-6 years' Experience in Accounting/Auditing and Financial Planning and Analysis acquired in several years of relevant on-the-job experience as a Manager / Analyst of a country organization.

Language:

• Fluent in Business English

Characteristics & Skills:

• A confident, excellent communicator, ability to work in a matrix environment.
• MS Office experience with outstanding Excel skills

Apply Now

Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.

Connect with us at , on Facebook at and on Twitter @AbbottNews and @AbbottGlobal.

JASARA PMC is on the lookout for an experienced and analytical Financial Planning & Analyst Manager to join our dynamic finance team. This role will focus on managing the financial planning and analysis functions, ensuring robust forecasting and budgeting processes that support strategic objectives and financial health. The ideal candidate will have a strong background in financial modeling, data analysis, and team leadership.

• Lead the financial planning process, including the annual budgeting, quarterly forecasting, and long-term financial planning cycles.
• Develop and maintain financial models to project business performance, providing insights that enhance decision-making.
• Create and analyze financial reports to monitor and communicate organizational performance against budget and forecasts.
• Collaborate with cross-functional teams to gather data and ensure accuracy in financial projections.
• Analyze market trends, financial trends, and operational performance to provide strategic insights to senior management.
• Supervise and mentor a team of financial analysts, fostering a culture of continuous improvement and professional development.
• Ensure compliance with financial regulations and reporting standards.
• Participate in strategic initiatives by providing financial insights to support business growth and operational efficiency.
• Reconcile data between SAP and Prism/Unifier/BIM systems and perform validation checks to ensure consistency

• Bachelor's degree in Finance, Accounting, or a related field; a Master's degree or professional certification (CFA, CPA) is preferred.
• Minimum of 10 years of experience in financial planning and analysis, with at least 6 years in a managerial role.
• Expertise in financial modeling, forecasting, and budgeting processes.
• Proficient in financial analysis tools and Excel; experience with ERP systems is highly desirable.
• Strong analytical skills with the ability to interpret complex financial data and provide actionable insights.
• Excellent communication and presentation skills, suitable for conveying financial information to diverse stakeholders.
• Demonstrated ability to lead and inspire a team, driving performance and engagement.
• Experience in the construction or project management sector is advantageous.
• Reconcile data between SAP and Prism/Unifier/BIM systems and perform validation checks to ensure consistency.
• Certificate in Construction Law and Dispute Resolution – RICS or similar are preferred.

JASARA PMC is on the lookout for an experienced and analytical Financial Planning & Analyst Manager to join our dynamic finance team. This role will focus on managing the financial planning and analysis functions, ensuring robust forecasting and budgeting processes that support strategic objectives and financial health. The ideal candidate will have a strong background in financial modeling, data analysis, and team leadership.

Key Responsibilities

• Lead the financial planning process, including the annual budgeting, quarterly forecasting, and long-term financial planning cycles
• Develop and maintain financial models to project business performance, providing insights that enhance decision-making
• Create and analyze financial reports to monitor and communicate organizational performance against budget and forecasts
• Collaborate with cross-functional teams to gather data and ensure accuracy in financial projections
• Analyze market trends, financial trends, and operational performance to provide strategic insights to senior management
• Supervise and mentor a team of financial analysts, fostering a culture of continuous improvement and professional development
• Ensure compliance with financial regulations and reporting standards
• Participate in strategic initiatives by providing financial insights to support business growth and operational efficiency
• Reconcile data between SAP and Prism/Unifier/BIM systems and perform validation checks to ensure consistency

Requirements

• Bachelor's degree in Finance, Accounting, or a related field; a Master's degree or professional certification (CFA, CPA) is preferred
• Minimum of 10 years of experience in financial planning and analysis, with at least 6 years in a managerial role
• Expertise in financial modeling, forecasting, and budgeting processes
• Proficient in financial analysis tools and Excel; experience with ERP systems is highly desirable
• Strong analytical skills with the ability to interpret complex financial data and provide actionable insights
• Excellent communication and presentation skills, suitable for conveying financial information to diverse stakeholders
• Demonstrated ability to lead and inspire a team, driving performance and engagement
• Experience in the construction or project management sector is advantageous
• Reconcile data between SAP and Prism/Unifier/BIM systems and perform validation checks to ensure consistency
• Certificate in Construction Law and Dispute Resolution - RICS or similar are preferred