9 Financial Analysts jobs in Dammam

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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. Financial analysts will analyze financial statements to evaluate investment opportunities. Create financial modeling for investors to find profitable investments. Recommend individual investments and collections of investments

1. Reports to Chief Development Officer
2. Leading all activities in financial and legal workstream to achieve financial close.
3. Present weekly updates to Sr. Management and apprising them of risks involved.
4. Monitor timelines and ensure they are adhered to agreed timelines.
5. Manage transaction advisors deliverables in line with the agreed scope of work.
6. Ensure project delivery on agreed timeline.
7. Update and build scenarios on financial models.
8. Prepare templates for raising funds through debt and equity.
9. Assist in dealings and negotiations with banks and project sponsors for debt and equity raise.
10. Prepare and manage annual budgets and forecasts for PPP projects and other business units of the company.
11. Ensure that expenditures are authorized, approved, and supported by adequate documentation.
12. Undertake basic financial analysis (i.e. budget variance) to support information needs.
13. Assess and structure projects/bids to maximize the potential for commercial financing and catalyzing additional sources of capital.
14. Providing insights on projects, reports, agreements, and other project documents related to PPP projects.
15. Lead in project negotiations with the Client, and other third-party contractors and subcontractors.
16. Review legal documentation for projects.
17. Maintenance of timesheets.
18. Review of financial documents.
19. Understanding financial model, creating scenarios for investors, analysis of IRR and cash flows of the project.
20. Being involved in financing workstream of projects and working towards achieving lower rate of interest.
21. Supporting higher management in efforts to get EBL facility.
22. Handle insurance workstream of the project along with seniors.

1. PPP modelling experience required.
2. Project finance related financial modelling experience required.
3. Ability to review and negotiate financing term sheets.
4. Understanding of financial statements and key accounting principles.
5. Ability to build financial model from scratch.
6. Understanding of the process to take project from Bid award to financial close.
7. Understanding of different debt terms (balloon, bullet, amortizing, soft mini-perm).

1. Bachelors degree in similar field.
2. 3+ years of experience in similar field.

Overview

We are actively looking for a Financial Analyst to join our Finance team .

• Conduct financial analysis by gathering, interpreting, and evaluating financial data. Analyze financial statements, performance metrics, and key financial indicators to assess the organization's financial health and performance.
• Assist in the budgeting and forecasting processes by providing financial insights and contributing to the development of financial models. Collaborate with department managers to understand budgetary requirements and track actual performance against budget.
• Prepare and present accurate and timely financial reports, including variance analysis, profitability analysis, and financial performance summaries. Create visualizations and presentations to effectively communicate financial information to stakeholders.
• Develop and maintain financial models to support forecasting, scenario analysis, and decision-making. Utilize advanced Excel skills and financial software to create models that evaluate financial outcomes and inform strategic planning.
• Conduct cost analysis by examining cost drivers, cost structures, and cost allocation methodologies. Identify opportunities for cost reduction, process improvement, and efficiency enhancement.

• Financial Modeling experience
• Oracle Application user
• Advanced Excel user
• BI Tools – Power BI & power query
• Excellent user of Microsoft office

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.

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.

Qualifications

• Bachelors degree in Finance, Economics, Accounting, or related field.
• Min 7 -10 years of financial analysis experience, with at least 3 years in a managerial role.
• Proven track record in conducting feasibility studies and project financial evaluations.
• Experience in real estate, construction, or large-scale development projects is highly preferred.
• Strong knowledge of accounting standards, investment analysis, and project finance.
• Fluency in English (Arabic is an advantage).
• Strong analytical and financial modeling skills (Excel, financial software).
• In-depth knowledge of feasibility studies, project financing, and ROI analysis.
• Excellent understanding of real estate and development project lifecycles.
• Strong business acumen and ability to translate numbers into actionable insights.
• Excellent communication and presentation skills for executive reporting.
• Ability to manage multiple projects and deadlines with attention to detail.

• Lead financial analysis and feasibility assessment of new and ongoing development projects. Provide data-driven insights, financial models, and recommendations to support strategic decision-making.
• Ensure accurate project cost evaluations, return projections, and financial reporting in alignment with company objectives.
• Prepare and lead feasibility studies for new real estate and development projects, including financial modeling, cash flow forecasting, and ROI analysis.
• Analyze project budgets, costs, revenues, and profitability to support investment decisions.
• Develop detailed financial models to assess project risks, sensitivities, and market variables.
• Support the Development Director in evaluating project proposals, acquisitions, and partnerships.
• Prepare business plans and investment memorandums for presentation to executive management and stakeholders.
• Monitor ongoing project financial performance against approved budgets and forecasts.
• Coordinate with development, design, engineering, and sales teams to ensure accurate financial inputs.
• Prepare periodic financial and performance reports for senior management.
• Support due diligence processes for land acquisitions and project investments.
• Ensure compliance with financial policies, internal controls, and relevant regulations.
• Mentor and guide junior analysts in financial modeling and project evaluation.

About The Job

Financial Modeling Analyst role at ACCA Careers

Grant Thornton Abdulaal Bahrain is hiring on behalf of a leading financial advisory firm based in Dammam, Saudi Arabia. The firm is seeking a candidate with a strong background in finance or investment banking to support strategic, business, and operational reviews of potential opportunities. The role includes advanced financial modeling (NPV, IRR, DCF, etc.), preparing partner specific financial projections, conducting economic and regulatory analysis, and delivering financial insights to senior management.

• Support the initial strategic, business, and operational review of potential opportunities, providing detailed financial analysis
• Prepare and analyze partner specific financial projections work with team to generate business models for use in growing marketplace
• Advanced quantitative and economic analysis, policy and regulatory research and support, and technical analysis
• Financial modeling using NPV, IRR, DCF/SOTP/Value in Use, etc.
• Develop excellent professional oral and written communication skills to establish working relationships with clients
• Review financial results with Senior Management, support the team to create reporting packages
• Manage the relationship with related business partners and ensures that modeling projects are delivered in a timely manner
• Responsible for model design, development, model implementation, model usage, and model governance requirements
• Conduct scenario analysis based on microeconomic and macroeconomic factors to access business risk
• Evaluate companies using various financial valuation methods
• Ensure the new models accuracy while enhancing the existing models quality
• Identify key financial and non-financial risks and advise mitigants for those risks
• Conduct scenario and sensitivity analysis
• Analyze and identify data required to support model tracking

• Advanced proficiency in Microsoft Excel required
• Bachelor's degree required in Business, Finance, or a related field
• Demonstrated proficiency performing analyses at the highest levels
• Minimum of 4+ years experience in financial analysis with progressive work history
• Ability to persuade others through disciplined use of data
• Exceptional dexterity with presentation and spreadsheet tool
• Preference will be given to candidates currently based in Saudi Arabia

• Mid-Senior level

• Full-time

• Finance and Sales
• Accounting

For further information, and to apply, please visit our website via the “Apply” button below.

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