42 Budgeting Forecasting 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.

Job Title: Financial Analysis Manager

Location: Jeddah, Saudi Arabia

Job Type: Permanent

• Lead the preparation of annual budgets, quarterly forecasts, and long-term financial planning.

• 8+ years of progressive experience in financial planning & analysis (FP&A), with at least 2–3 years in a managerial role.

• Analyze financial results, variances, and key performance indicators to provide actionable insights.

• Develop financial models and scenario analyses to support strategic initiatives and business decisions.

• Oversee monthly, quarterly, and annual management reporting processes.

• Collaborate with business units, operations, and leadership teams to align financial goals with organizational objectives.

• Ensure compliance with corporate policies, accounting standards, and internal controls.

• Mentor and manage a team of financial analysts, fostering professional growth and continuous improvement.

• Present financial insights and recommendations to senior management and executive leadership.

• Drive process improvements and automation to enhance efficiency in financial reporting and analysis.

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.

Description

At Basamh Group, our mission is to grow people and companies by empowering individuals and fostering collaborative relationships to achieve sustainable success. Backed by over 75 years of experience, we've built a strong, consumer-centric ecosystem serving the MEA region. Our excellence in distribution is driven by Basamh Trading Company (BTC) in retail and Specialized Food Services (SFS) in HORECA. GoodyCo leads our efforts in marketing and brand building, while Thokoman Foods anchors our manufacturing capabilities.

Guided by our core values of true ownership, passion to grow, transparency and family spirit, we are committed to establishing long-term partnerships with our people and all those we work with. We aim to strengthen our network, uplift our communities, and build a legacy of homegrown success stories that inspire the leaders of tomorrow.

Job Overview

We are looking for a Financial Analysis Assistant Manager. Responsible to drive financial results by working with assigned business function (Brand / Sales (CDM/BDM) / Operations / IDU).

Key Responsibilities

As a successful candidate, you will:

• Be the finance spoc for the assigned category / department as part of the Multi-functional Business Cell Team.
• Be the finance leader in all Multi-functional business cell meetings, that provides financial insights into business decisions.
• Actively participate in BCM discussions to drive business forward. Also enable team with financial data on Sales, Profit, Spending, Building Blocks leading to category profit efficiency tracking.
• Provide monthly reporting of the assigned category's financial results. Perform variance analysis of actuals vs. forecast, and propose corrective actions, where needed.
• Lead the preparation of annual budget of the assigned business department or Category in line with the company's short / medium term targets.
• Lead certain financial analysis processes / projects as and when assigned by the manager e.g. NPDs tracking, Factsheets process management, competitive analysis, customer profitability analysis and any other projects.
• Conducting business analysis on the assigned category / department to drive value addition that will improve business financial performance (e.g. Optimizations in pricing, channel mix, sku mix, cost, spending etc.).
• Develop accurate & automated reporting tools for financial data reporting and analysis, that enables quicker work processes.
• Work closely as needed with the accounting team to exchange information on budgets/spending and ensure accurate booking and tracking of expenses in P&L.
• Seek to learn and grow self-capability in financial and accounting standards and budget management.
• Expected to be part of organization/capability building effort e.g. actively participates and/or organizes team engagement events.

Minimum Requirements

As a successful candidate, you will have:

• 2-4 years of relevant experience
• Bachelor's degree in Finance, Accounting, or related field is required.
• Strong communication skills
• Accounting knowledge (optional)
• Proficiency in financial analysis

Working Environment

At Basamh Group, we pride ourselves on attracting talented individuals by offering dynamic and rewarding professional opportunities that inspire growth and innovation. We are deeply committed to fostering a culture of growth by supporting continuous development through hands-on learning, comprehensive online resources, interactive training, and personalized coaching. Guided by our core value of family spirit, we cultivate an environment where every individual feels valued, supported, and empowered to thrive. We ensure our people contribute to our collective success while finding fulfillment and pride in being part of the Basamh Group family.

Job Description
Provide financial advice, support and consultation to the assigned departments to ensure the alignment with the set financial plans and policies. Develop financial reports and analysis to identify the financial impact and the financial performance in addition to supporting the decision-making process for assigned departments or business functions.

Accountabilities

• Lead the financial evaluation in the assigned departments' projects through the set of the financial plan, development and review of the financial models, data and KPIs and the alignment with the concerned stakeholders.
• Act as the financial partner to the assigned departments through providing the support, financial knowledge, budget and forecasts and communicating the business requirements/needs of the assigned departments to the Finance division's different departments to ensure interdepartmental alignment.
• Issue periodic financial reports for the assigned departments including the review of the actual progress against the financial plan in order to identify the financial performance of the assigned departments to the concerned stakeholders.
• Perform financial analysis for the assigned departments including the deficiencies and the areas of improvement in order to support the decision making process.
• Follow-up with the assigned departments and stakeholders on the decisions and corrective actions based on the financial analysis provided and identifying the financial impact of the decisions.
• Participate with the assigned departments in the development, update and documentation of the processes, procedures, SOPs…etc. through the collaboration with the concerned stakeholders to ensure standardization and the alignment with the financial requirements.
• Lead and participate in the automation of the financial analysis reports through the collaboration with the concerned departments as the IT division to ensure the efficiency, timely and accuracy of the financial reports and financial data.
• Act as a key advisor to business units, providing strategic financial insights and analysis to support decision-making.
• Drive the performance of finance teams, ensuring alignment with business objectives. Foster a culture of continuous improvement and strategic financial management.

Employee duties are not limited only to the above-mentioned Accountabilities; he/she may perform other duties as assigned.

Work Environment

• Indoors : 90%
• Outdoors : 10%
• Working Days : 5 Working Days
• Days off : 2 Days Off
• Working Hours : 8:00 AM – 6:00 PM (1 hour break)

Job Requirement

Education

• BSc in Finance or Accounting

Experience

• 3 in a similar role (for MG) 5 in a similar role (for SMG) Years of Experience

Computer Skills

• MS Office Suite

Language

• English
• Arabic

A prominent organisation at the forefront of Saudi Arabia's Vision 2030 transformation is seeking exceptional Saudi National talent to lead its Corporate Planning division. This high-impact executive role, based in Riyadh, requires a strategic and financial expert capable of driving organisational growth and ensuring optimal resource allocation. As a key contributor to the company's long-term success, the selected individual will work closely with senior leadership to align financial and strategic planning with the broader business objectives of the organisation.

The Executive Director of Corporate Planning will be responsible for steering the organisation's strategic and financial planning, managing budgeting processes, capital planning, financial planning and analysis (FP&A), and strategic capital allocation. This executive level role requires expertise in aligning financial resources with long-term business objectives and delivering results in a fast-paced and highly dynamic environment. This is a unique opportunity for an experienced Saudi national to take on a key leadership role and contribute to the success of a flagship organisation central to the Kingdom's future growth.

Key Responsibilities:

• Strategic Planning:
  Lead the development and execution of long-term strategic plans, ensuring alignment with business objectives.
• Budgeting and Forecasting:
  Direct the annual budgeting process, perform periodic forecasting, and provide fiscal analysis to identify efficiencies and improvements.
• Capital Planning & Allocation:
  Oversee and manage capital resources, ensuring alignment with the organisation's strategic priorities.
• Financial Planning & Analysis (FP&A):
  Lead financial modelling and analysis to guide executive management's decision-making on profitability, ROI, and scenario planning.
• Performance Management:
  Develop financial performance measures aligned with the company's strategic direction.
• Risk Management:
  Identify and mitigate financial risks through proactive planning and analysis.
• Stakeholder Communication:
  Effectively communicate financial strategies and plans to senior management, the board, and key stakeholders.
• Team Leadership:
  Build and mentor a high-performing finance team, fostering growth and excellence.

Qualifications:

• Bachelor's degree in Finance, Economics, Business Administration, or a related field; Master's or MBA is preferred.
• Saudi National Candidate
• 10+ years of experience in financial management and strategic planning, with a proven track record in a leadership role.
• Strong analytical skills, with expertise in financial modelling and analysis.
• Ability to work collaboratively across departments and lead cross-functional teams.