8 Financial Analysts jobs in Dammam

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Sub Department: Finance and Accounting - Financial Planning & Repo

Number of Openings: 1

Assist with planning and perform financial analysis on actual financial performance, budgets and forecasts and maintain financial dashboards and take lead from financial side on GCC business divisions.

- Support the management team with the annual strategic planning and budgeting processes. This includes establishing assumptions, spreadsheet modeling, consolidation, analysis, and presentation preparation for key stakeholders.
- Responsible for the feasibility and analysis of all functional business activities, ensuring alignment with the company's strategic targets and annual budget.
- Assist in the development of operating and financial plans for GCC, divisions, and/or departments, and report against those plans to help management achieve strategic goals.
- Responsible for analyzing operating expenses to identify cost-saving opportunities and ensure spending aligns with the approved budget.
- Responsible for the design, development, deployment, and maintenance of all internal Financial Planning & Analysis (FP&A) reports to ensure financial data accuracy.
- Prepare the monthly forecast and quarterly business review for all functional areas of the business and related subsidiaries.
- Prepare all ad-hoc financial analyses to support senior management decision-making.
- Maintain financial dashboards, monitor financial trends and ratios, and provide insights on performance vs. budget and forecast by function/department.
- Assist in the development, design, and validation of operational dashboards for GCC divisions, branches, and/or departments.
- Develop a strong understanding of key performance drivers and issues related to budgeting, forecasting, and actual results. Incorporate this into monthly quantitative and qualitative analysis of commercial operations, including variance analysis and highlighting risks, issues, and business drivers to avoid unnecessary spending.
- Responsible for working capital and departmental spending analysis.
- Support the business development team and lead the financial evaluation of project feasibilities and pricing, including monitoring and evaluating actual performance versus projections.
- Assist the Finance Controller in accurately recording financial transactions and maintaining proper records.
- Provide guidance to department heads to help them understand financial reports and data controls.

BSc/BA in Accounting, Finance or relevant field.

3-4 of experience in Financial Planning.

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Description:

Aramco energizes the world economy.

Aramco occupies a special position in the global energy industry. We are one of the world’s largest producers of hydrocarbon energy and chemicals, with among the lowest Upstream carbon intensities of any major producer.

With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco’s value to society.

Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.

We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.

We are seeking an experienced Financial Planning & Performance Management Analyst to join the Finance & Performance Management (F&PM) for Petroleum Engineering & Development (PE&D) under Upstream Finance.

Upstream makes up the vast majority of revenue and has the highest level of capital investments that is coordinated by PE&D, which is managing and developing all Saudi Aramco’s oil and gas fields from the initial planning of new fields to the ongoing monitoring of mature fields including Carbon Capture & Storage projects and Reserves Assessments

These key activities are handled by PE&D supported by specialized Advanced Research Centers (EARC) and a state-of-the-art dedicated Upstream Digital Center (UDC)

Your primary role is to coordinate and prepare Business Plan and Midyear/Year-end Accountability, monthly accountability reporting, performing variance analysis, resolving issues and initiating value add projects.

A successful candidate will be expected to perform the following:

• Conducts and supervises day to day operations within Compliance Unit, including follow-up and reporting on delegated areas and tasks
• Identify areas of importance from a compliance perspective, and inform stakeholders
• Document and communicate main areas and processes
• Develop sustainable follow-up and reporting procedures and systems
• As a Subject Matter Expert SME, you will be involved in discussions and tasks as agreed upon Finance Lead
• Independently prepare information memorandums and proposals
• Implement changes as agreed
• Have a solid understanding of the link between the business and the accounting rules to assess the impacts on Income Statement, Balance Sheet and Cash Flow.

A successful candidate should have the following:

• Degree in business, Finance or a related discipline
• Minimum of 10 years relevant experience is required in the field of accounting, auditing, financial reporting or performance management
• Good knowledge with MS Office products such as Excel, PowerPoint and Word at a minimum, and familiar with ERP systems such as SAP.
• Further knowledge within areas of database applications, data management applications and data communication and presentation tools is a benefit.
• Possession of an advanced business degree (e.g. MBA) and/or relevant professional certification (e.g. CMA, CFA, CPA) is strongly preferred.
• Excellent command of oral & written English

• Great capability of producing quality written reports and presentations to senior-level management

Job posting start date: 07/01/2025

Job posting end date: 12/31/2025

Working environment

Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.

At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, we invest heavily in talent development.

We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs – one of the largest in the world.

Location: Alkhobar/Kingdom of Saudia Arabia

Terms: Full-Time

We are seeking a proactive Financial Analyst to join our dynamic team. The role involves analyzing financial statements to evaluate investment opportunities, creating financial models for investors, and recommending investments.

• Report to the Chief Development Officer.
• Lead activities in financial and legal workstreams to achieve financial close.
• Present weekly updates to senior management, highlighting risks.
• Monitor project timelines and ensure adherence.
• Manage deliverables from transaction advisors.
• Ensure timely project delivery.
• Update and build scenarios in financial models.
• Prepare templates for raising funds via debt and equity.
• Assist in negotiations with banks and project sponsors for funding.
• Prepare and manage budgets and forecasts for PPP projects and other units.
• Authorize expenditures with proper documentation.
• Conduct basic financial analyses, such as budget variance analysis.
• Structure projects/bids to maximize financing potential.
• Provide insights on project documents and reports.
• Lead negotiations with clients and third parties.
• Review legal documentation related to projects.
• Maintain timesheets and review financial documents.
• Understand and create financial scenarios, analyze IRR and cash flows.
• Support financing efforts to achieve lower interest rates.
• Assist in securing EBL facilities.
• Handle insurance workstreams alongside senior management.

• Experience in PPP modeling.
• Experience in project finance financial modeling.
• Ability to review and negotiate financing term sheets.
• Understanding of financial statements and key accounting principles.
• Ability to build financial models from scratch.
• Knowledge of project progression from bid award to financial close.
• Understanding various debt terms (balloon, bullet, amortizing, soft mini-perm).

• Bachelor's degree in a related field.
• 3+ years of relevant experience.

Job Summary:

The Accounting & Financial Analyst is responsible for supporting both accounting and financial analysis functions, including general ledger maintenance, financial reporting, accounts payable and receivable, budgeting, and financial planning. The role ensures accuracy in financial records, assists in cash management, conducts financial analysis, and supports valuation exercises, all while adhering to company policies and compliance requirements.

Key Responsibilities:

1. Financial Accounting & Bookkeeping

· Maintain general ledger records, ensuring transactions are accurately recorded and aligned with company policies and accounting standards.

· Assist in month-end and year-end closing processes, including account reconciliations and journal entries.

· Support the preparation of financial statements, such as balance sheets, income statements, and cash flow reports.

· Participate in fixed asset tracking, ensuring proper classification and depreciation schedules.

· Assist in maintaining internal controls, ensuring compliance with financial policies and regulations.

2. Accounts Payable & Receivable

· Process vendor invoices, employee reimbursements, and other payments, ensuring proper approvals and documentation.

· Assist in managing accounts receivable, tracking outstanding balances, and following up on collections.

· Prepare aging reports, highlighting overdue payments for necessary follow-ups.

3. Budgeting & Financial Planning

· Support the preparation of annual budgets and quarterly forecasts, working closely with finance teams to ensure accuracy.

· Assist in monitoring budget vs. actual performance, identifying variances, and providing basic financial insights.

· Help in compiling financial stewardship reports for internal use and reporting to stakeholders.

4. Banking & Cash Management

· Monitor daily cash balances and assist in preparing cash flow reports.

· Help prepare cash call requests and coordinate with banks to obtain bank statements and resolve any discrepancies.

· Assist in bank reconciliations, ensuring alignment between company records and bank transactions.

5. Financial Analysis & Reporting

· Support financial analysis tasks, including cost variance analysis and profitability assessments.

· Assist in the preparation of key performance indicators (KPIs) and financial dashboards.

· Conduct basic financial modeling and scenario analysis to support decision-making.

· Assist in preparing reports on business performance, providing insights to management.

6. Investment & Valuation Support

· Support the preparation of valuation exercises for portfolio companies, assisting in financial due diligence.

· Assist in conducting comparative financial analysis to support investment decision-making.

· Help in reviewing financial statements of investee companies and flagging potential risks.

7. Compliance & Audit Support

· Assist in internal and external audits, preparing necessary documentation and responding to audit queries.

· Ensure financial records are properly maintained and stored for compliance purposes.

· Support compliance with VAT, withholding tax, Zakat, and other regulatory requirements.

8. Policies, Systems & Process Improvements

· Follow company accounting and financial policies, ensuring compliance with internal controls.

· Suggest process improvements to enhance efficiency in financial operations.

· Assist in the implementation of new financial systems and automation tools to streamline accounting and reporting tasks.

Qualifications and general competencies:

· Bachelor’s degree in Accounting, Finance, or a related field.

· 1-3 years of experience in accounting, finance, or financial analysis.

· Basic knowledge of accounting principles, financial analysis, and reporting standards.

· Strong proficiency in Microsoft Excel and accounting software.

· Ability to perform financial reconciliations and basic financial modeling.

· Strong communication skills, both written and verbal, with the ability to convey financial information clearly to stakeholders.

· Excellent attention to detail and accuracy in financial reporting.

· Ability to work independently and collaborate with teams.

· Good problem-solving and analytical skills to support financial decision-making.

· Basic understanding of investment valuation and financial statement analysis is a plus.

· Partial or full pursuit of SOCPA, CPA, ACCA, CMA, or CFA certification is preferred but not required.

Working Conditions:

The Accounting & Financial Analyst will work in a structured and fast-paced environment, handling both accounting and financial analysis responsibilities. The role may require extended hours during peak financial periods, such as audits, budget cycles, and reporting deadlines.

1. Assist in preparing 5 YP by collecting data from other departments and preparing all reports needed.
2. Assist in preparing yearly budget with company format sheets.
3. Control budget Overheads and Capex.
4. Handle all actions needed to prepare Quarterly budget review (BPE).
5. Prepare monthly report PL, BS, SCF, and detailed report for the month closing.
6. Respond to ad-hoc queries.
7. Store Performance, P&L by store and region.
8. Net Margin by Category Report.
9. Inventory Aging Report.
10. Shrinkage and Scrap Summary Report.
11. LFL Sales analysis and Sales per SQM.
12. Inventory Days per Category.

A leading Talent Acquisition Company in Saudi Arabia is seeking a Lead Financial Analyst based in Saudi Arabia to join our esteemed client. This strategic position plays a crucial role in guiding the financial direction of the organization while ensuring robust analysis and reporting mechanisms are in place. The Lead Financial Analyst will be responsible for leading a team of financial analysts, developing financial models, and delivering insights that drive informed business decisions.

In this role, you will collaborate closely with senior leadership, utilizing your advanced analytical skills to evaluate financial performance, identify growth opportunities, and recommend actions based on data-driven insights. Your expertise will be essential in navigating the financial complexities of the market while adhering to regulatory requirements.

• Lead and manage the financial analysis team to deliver accurate and timely financial evaluations and forecasts.
• Conduct thorough analysis of financial statements to provide insights into performance trends and variances.
• Prepare detailed financial reports and presentations for senior management and external stakeholders.
• Implement financial strategies aligned with business goals, enhancing overall financial performance.
• Ensure compliance with relevant financial regulations and best practices within the industry.
• Mentor and train junior analysts, promoting a culture of continuous improvement and professional growth.
• Work collaboratively across departments to ensure alignment of financial and operational objectives.

• Bachelor's degree in Finance, Economics, or a related field; MBA or professional certification is a plus.
• 15+ years of experience in financial analysis, with at least 2 years in a leadership role.
• Strong command of financial modeling, budgeting, forecasting, and risk analysis.
• Proficient in financial software and advanced Excel skills; familiarity with ERP systems is desirable.
• Excellent presentation and interpersonal skills to convey complex information effectively.
• Strong problem-solving abilities and a results-oriented mindset.
• Experience working in the Saudi Arabian market or understanding of local financial regulations is preferred.

About the Role:

The main responsibility for the Corporate Financial Sr. Analyst is to develop, validate, and maintain sophisticated financial models that support key business decisions, strategic planning, valuations, budgeting, and forecasting. You will ensure models are dynamic, accurate, and reflective of current and projected business scenarios.

Key Responsibilities:

1. Develop Advanced Financial Models : Build and maintain comprehensive, flexible, and scalable financial models to support business planning, valuations, investments, fundraising, pricing, and budgeting. Incorporate financial, operational, and market data into models with logic and assumptions that reflect business realities.
2. Forecasting and Scenario Planning : Develop accurate spending forecasts, cash flow projections, and revenue models using historical trends, business drivers, and strategic goals. Perform scenario analysis, sensitivity testing, and stress testing to evaluate the financial impact of various business decisions or external conditions.
3. Model Validation and Maintenance : Regularly review, test, and refine existing models to ensure ongoing accuracy and relevance. Troubleshoot model errors, update assumptions, and align outputs with evolving business inputs.
4. Data Analysis and Insight Generation : Analyze financial and non-financial data to extract insights that feed into model assumptions. Interpret model outputs and present findings with clear visuals and actionable recommendations.
5. Cross-Functional Collaboration : Work closely with finance, operations, and business unit leaders to gather model inputs and align assumptions. Support strategic projects with tailored models and financial assessments.
6. Reporting and Presentation : Prepare high-quality model documentation, dashboards, and financial reports for senior leadership, investors, and external stakeholders. Use visualization tools (e.g., Power BI, Tableau) to present complex outputs in an intuitive and decision-friendly format.
7. Best Practices & Continuous Improvement : Continuously research industry modeling techniques and tools to improve internal practices. Stay updated with trends and regulatory changes that may affect financial modeling assumptions.

Qualifications:

Education:

• Bachelor’s degree in finance.

Experience:

• +2 years of experience in credit financial modeling or forecasting. Analytical, detail oriented, and critical thinking skills.