10 Financial Modeling jobs in Jeddah

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 8-10 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 employeediscounts.

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.

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.

• 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 evaluate and measure performance.
• Provide analytical support as required to various cross-function initiatives and ad hoc projects (e.g. preparing business plans, study of the cash flow and P&L).
• Instigate and participate in all process improvement initiatives 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.

• 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.

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.

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.

Overview

We're hiring for our prestigious client in Jeddah, Saudi Arabia

Position Name : Senior Manager, Financial Planning and Budget

This role is responsible for financial planning, forecasting, budget preparation, monitoring and controls. In addition, the role is also responsible for relevant periodic reporting and financial analyses in order to facilitate senior management decision making.

• Financial Planning and Analysis
• Produce regular financial forecasts and analytical reports based on internally developed models.
• Coordinate with the budget unit to consolidate financial projections.
• Conduct financial benchmarking.
• Provide input required for cash flow assessment relating to various quantitative analyses (PML, Stress testing etc.)
• Assess or validate the financial viability of a new product/instrument/program or business line.
• Facilitate medium-term financial planning.
• Derive tangible connections between company's operations and its financial performance.
• Conduct feasibility studies for projects with significant financial, if any.
• Provide senior leadership with critical financial metrics to clarify the financial health of the company.

• Ensure availability and implementation of updated budget policies and procedures.
• Prepare the annual administrative budgets in line with the operational plan.
• Perform regular budgeting and utilization reporting, provide the reports to the company's management, and propose appropriate corrective actions for variances.
• Prepare budgeting and utilization reporting for all departments' expenses and tracking variances.
• Guide the organizational philosophy on cost controls, expenses, and policies and ensure mechanisms for implementation and monitoring as per established standards.
• Incorporate best practices for the preparation of administrative budgets across the organization.
• Provide overall recommendations to the senior management on efficient utilization of the budget.

• Master's degree in accounting or finance or a similar discipline, or
• CPA or ACCA

• English is compulsory
• Arabic or French are preferable

• Minimum 6 years of experience

Overview

The Financial Analyst supports the organization’s financial planning, analysis, and reporting activities. This role is responsible for analyzing financial data, preparing reports, and providing insights to support business decisions. The Financial Analyst collaborates with various departments to ensure accurate forecasting, budgeting, and performance tracking.

• Budgeting and Forecasting: Facilitate the Finance Manager in budgeting, forecasting, and financial planning processes across the organization. Develop and maintain financial models to support forecasting, scenario planning, and decision-making. Conduct variance analysis to compare actual performance against budgets and forecasts, providing actionable insights and recommendations.
• Strategic Financial Planning: Collaborate with senior leadership to design and implement long-term strategic plans. Evaluate business opportunities through profitability and ROI analysis. Facilitate the Finance Manager in scenario planning to assess potential outcomes of strategic initiatives. Facilitate the Finance Manager in integrating strategic plans into financial forecasting processes.
• Data Analysis and Reporting: Prepare and deliver management reports, including dashboards, KPIs, and financial insights. Identify trends, risks, and opportunities that may impact financial performance. Ensure consistency, accuracy, and integrity in financial data across systems and reports.
• Expected Credit Losses: Ensure compliance with accounting standards (IFRS) and SAMA regulations for Financing Companies for recognizing expected credit losses. Calculate and report ECL figures as part of financial statements. Analyze how ECL impacts financial performance and forecasts. Control receivables staging and maintain company’s ECL to lowest levels.
• Operational Finance and Cost Management: Partner with operations teams to analyze cost structures and identify efficiency opportunities. Monitor and report on operational performance metrics and their financial implications. Develop cost allocation models and provide insights into cost drivers. Support operational decision-making by linking operational metrics to financial outcomes.

• Senioriy level: Associate
• Employment type: Full-time
• Job function: Finance

A leading Talent Acquisition Company in SaudiArabia is on the lookout for a skilled Financial Analyst to join our team. In this role, you will be responsible for analyzing financial data, preparing reports, and providing insights that drive strategic decision-making within our organization. You will work closely with various departments to support financial planning and assess the company’s performance against its financial goals.

• Analyze financial performance by collecting, monitoring, and studying data.
• Prepare daily, monthly, and annual reports of financial activities.
• Assemble, summarize, and analyze financial data to structure reports on budgets, forecasts, and trends.
• Conduct variance analysis, comparing actual results with budgets to determine financial performance.
• Track financial status by analyzing trends and forecast models for Research Operations.
• Business & Financial Modeling:
• Reconcile financial transactions by identifying discrepancies and correcting data as needed.
• Suggest ways to reduce costs and enhance revenue.
• Monitor budgets and perform variance analysis.
• Assist in financial forecasting and operational planning.
• Collaborate with teams to gather insightful information for strategic planning.
• Evaluate financial trends and provide recommendations based on findings.

• Bachelor’s degree in finance and accounting
• 4+ years of experience in management reporting and analysis
• Ability to assemble and analyze data to create reports: Budgets, Forecasts, Variance analysis, Reconciliation, Monthly closing.
• Knowledge of and experience in calculating the cost of service to generate revenue
• Advanced Excel skills and Power BI.
• Experience withSAPandAriba

A leading Talent Acquisition Company in SaudiArabia is on the lookout for a skilled Financial Analyst to join our team. In this role, you will be responsible for analyzing financial data, preparing reports, and providing insights that drive strategic decision-making within our organization. You will work closely with various departments to support financial planning and assess the company’s performance against its financial goals.

• Analyze financial performance by collecting, monitoring, and studying data.
• Prepare daily, monthly, and annual reports of financial activities.
• Assemble, summarize, and analyze financial data to structure reports on budgets, forecasts, and trends.
• Conduct variance analysis, comparing actual results with budgets to determine financial performance.
• Track financial status by analyzing trends and forecast models for Research Operations.
• Business & Financial Modeling:
• Reconcile financial transactions by identifying discrepancies and correcting data as needed.
• Suggest ways to reduce costs and enhance revenue.
• Monitor budgets and perform variance analysis.
• Assist in financial forecasting and operational planning.
• Collaborate with teams to gather insightful information for strategic planning.
• Evaluate financial trends and provide recommendations based on findings.

• Bachelor’s degree in finance and accounting
• 4+ years of experience in management reporting and analysis
• Ability to assemble and analyze data to create reports: Budgets, Forecasts, Variance analysis, Reconciliation, Monthly closing.
• Knowledge of and experience in calculating the cost of service to generate revenue
• Advanced Excel skills and Power BI.
• Experience withSAPandAriba

We value your interest in opportunities and invite you to explore roles that may fit your experience. The page includes several job postings in Jeddah, Saudi Arabia, focusing on finance, data analytics, and risk management.

A Financial Manager position is available in Jeddah, Saudi Arabia, focusing on accounting, compliance, and treasury management. Responsibilities include managing monthly closes, overseeing ZATCA filings, and leading cash flow forecasting. Strong candidates will possess over 6 years of finance experience, including knowledge of local regulations and advanced ERP systems. Bilingual communication in Arabic and English is required for effective stakeholder management.

Lead financial performance improvements while ensuring compliance and supporting strategic investments in Jeddah, Saudi Arabia. As Head of Finance, you will enhance cost efficiency, manage budgets, and analyze financial metrics to drive growth. Utilize your expertise to evaluate investments and guide senior management in financial decision-making.

The Senior Specialist, Data Analytics will enhance data-driven decisions using SAP Analytics Cloud and SAP Datasphere. This role involves designing and maintaining analytics solutions across various departments, ensuring data integrity and actionable insights. Candidates should have a degree in a related field, 5-7 years of relevant experience, and strong technical skills in SAP tools and data engineering. Proficiency in both Arabic and English is required.

A Risk Officer position is available in Jeddah, Saudi Arabia, focusing on identifying and mitigating risks in the industrial production sector. Responsibilities include developing risk management strategies, conducting assessments, and ensuring compliance with regulations. Strong analytical skills and relevant experience are required to effectively manage risks and enhance organizational resilience.

Overview

Exciting opportunity for a Finance & Planning Manager in Jeddah to lead financial insights, budgeting, and strategic decision-making. Drive financial modeling and analysis to steer project feasibility and performance metrics while collaborating across functions. The ideal candidate possesses strong analytical skills, communication abilities, and proven experience in financial management to optimize business growth and ensure robust controls.

• Lead financial insights, budgeting, and strategic decision-making.
• Drive financial modeling and analysis to steer project feasibility and performance metrics.
• Collaborate across functions to ensure robust financial controls and business growth.

• Strong analytical skills and effective communication abilities.
• Proven experience in financial management and controlling financial processes.

• Location: Jeddah, Saudi Arabia
• Industry: Finance & Planning
• Employment type: Full time
• Career level: Management
• Salary/Benefits: Not specified

Overview

The Projects Financial Control Analyst at NERA is responsible for monitoring and controlling the financial performance of commercial and strategic projects. This includes budget tracking, cost control, financial reporting, forecasting, and variance analysis. The role ensures that project expenditures align with approved budgets and contractual terms, supporting financial accountability, profitability analysis, and overall commercial transparency within NERA’s project portfolio, within the set KPIs, agreed budgets and adopted policies and procedures.

• Monitor the financial status of ongoing projects, ensuring alignment with approved budgets, forecasts, and contractual conditions.
• Track project expenditures and commitments, identifying deviations and ensuring corrective actions are taken.
• Validate and review project cost entries, progress invoices, and financial documentation in coordination with the finance and project management teams.

• Support the development and revision of project budgets in coordination with project managers and the Commercial PMO.
• Provide input into the rolling forecasts and monitor financial projections across the life cycle of the project.
• Conduct periodic reforecasts and prepare cash flow projections for short-term and long-term financial planning.

• Perform variance analysis between actual costs and budgeted figures, identifying key drivers and root causes.
• Conduct profitability analysis at the project level and assist in the review of margin performance against targets.
• Prepare analysis reports to advise management on project cost trends and financial implications.

• Assist in project accounting, including tracking project-specific revenues, expenses, and assets.
• Liaise with the Finance Department to ensure proper recognition of revenue and accruals in line with IFRS or applicable accounting standards.
• Support monthly closing activities and ensure that project financial data is accurately reflected in NERA’s financial systems.

• Prepare monthly and quarterly financial reports on project financial health for senior leadership.
• Ensure compliance with internal controls, financial procedures, and contractual obligations related to project finances.
• Contribute to audits by preparing required financial data and responding to audit inquiries related to project performance.

• Collaborate with project managers, procurement, and contracts teams to ensure financial controls are integrated throughout the project life cycle.
• Provide support in the financial evaluation of change orders, extensions, and variation claims.
• Assist in preparing commercial inputs for client reports and presentations as needed.

• Day-to-Day Operations and Compliance: Conduct day-to-day activities while ensuring adherence to policies and procedures.
• Continuous Improvement of Systems and Processes: Contribute to the identification of opportunities for continuous improvement of systems and processes, considering leading practices, changes in the business environment, cost reduction, and productivity improvement.

• Minimum of 0 to 3 years of experience in project financial control, budgeting, or FP&A, preferably in engineering, infrastructure, or technology-related projects.
• Bachelor’s Degree in Accounting, Finance, Business Administration, or related field.