308 Financial Risks jobs in Saudi Arabia

About Qiddiya: Qiddiya Investment Company is envisioned to be the world's premier destination for entertainment, culture, and sports, located just outside Riyadh. As we embark on developing this unique and exciting project, we are seeking an Associate Director - Financial Risks to join our financial management team. This role is crucial as we navigate the complexities of significant financial undertakings associated with this Giga project.

About the Role: The Associate Director - Financial Risks will be responsible for identifying, assessing, and managing financial risks associated with Qiddiya's extensive projects and investments. You will play a key role in developing risk management strategies that align with our financial objectives, ensuring the safeguarding of our assets and investments. This position demands a strategic thinker who can analyze complex financial data and work collaboratively with various teams.

Key Responsibilities

• Contribute to the design and enhancement of the Enterprise risk taxonomy and risk appetite framework specifically for financial risks (e.g., capital, liquidity and funding risks)
• Provide expert input on the development and refinement of Key Risk Indicators (KRIs) related to financial risk domains (e.g., cost overruns, funding gap)
• Collaborate with key departments such as Finance, Investment Management and vertical Project Development Finance teams to gather and validate inputs for enterprise-wide risk assessments and control testing
• Sense-check and review risk assessment to ensure consistency, accuracy, and alignment with ERM standard
• Support in synthesizing and integrating financial risk data into overall risk reporting and strategic decision-making - Improve the robustness of bottom-up financial risk assessment methodologies including quantitative financial models (e.g., funding model) and scenario analysis (e.g., budget forecasting)
• Maintain and regularly update the control catalogue (e.g., policies, procedures) for controls applicable to financial risks, ensuring relevance and completeness
• Strong understanding of risk management frameworks (e.g., ISO 31000, COSO) is preferred

Requirements

• Bachelor's degree in finance, accounting, economics, or a related field; a master's degree or professional certifications (e.g., CFA, FRM) is highly desirable
• 10+ years of experience in financial risk management, investment analysis, or related roles within large-scale projects or organizations
• Relevant certifications in risk management (e.g., CRM, ERM) are desirable
• Strong understanding of risk management frameworks (e.g., ISO 31000, COSO).
• Strong understanding of financial risk assessment methodologies and the ability to apply them effectively
• Proven experience in developing and implementing financial risk management frameworks
• Exceptional analytical skills and attention to detail, with the ability to interpret complex data and provide actionable insights
• Excellent communication and interpersonal skills to engage effectively with diverse stakeholders
• Demonstrated leadership abilities, with experience guiding teams and promoting a culture of risk awareness
• Proficient in financial analysis tools and software, with a strong aptitude for Microsoft Excel and presentation software
• Ability to thrive in a fast-paced, dynamic environment while managing multiple priorities effectively

Benefits : Offering a comprehensive compensation and benefits package.

We are an equal opportunities employer and welcome applications from all qualified candidates.

About Qiddiya:

Qiddiya Investment Company is envisioned to be the world’s premier destination for entertainment, culture, and sports, located just outside Riyadh. As we embark on developing this unique and exciting project, we are seeking an Associate Director - Financial Risks to join our financial management team. This role is crucial as we navigate the complexities of significant financial undertakings associated with this Giga project.

The Associate Director - Financial Risks will be responsible for identifying, assessing, and managing financial risks associated with Qiddiya's extensive projects and investments. You will play a key role in developing risk management strategies that align with our financial objectives, ensuring the safeguarding of our assets and investments. This position demands a strategic thinker who can analyze complex financial data and work collaboratively with various teams.

• Contribute to the design and enhancement of the Enterprise risk taxonomy and risk appetite framework specifically for financial risks (e.g., capital, liquidity and funding risks)
• Provide expert input on the development and refinement of Key Risk Indicators (KRIs) related to financial risk domains (e.g., cost overruns, funding gap)
• Collaborate with key departments such as Finance, Investment Management and vertical Project Development Finance teams to gather and validate inputs for enterprise-wide risk assessments and control testing
• Sense-check and review risk assessment to ensure consistency, accuracy, and alignment with ERM standard
• Support in synthesizing and integrating financial risk data into overall risk reporting and strategic decision-making - Improve the robustness of bottom-up financial risk assessment methodologies including quantitative financial models (e.g., funding model) and scenario analysis (e.g., budget forecasting)
• Maintain and regularly update the control catalogue (e.g., policies, procedures) for controls applicable to financial risks, ensuring relevance and completeness.
• Strong understanding of risk management frameworks (e.g., ISO 31000, COSO) is preferred Eugenia For

• Bachelor's degree in finance, accounting, economics, or a related field; a master's degree or professional certifications (e.g., CFA, FRM) is highly desirable.
• 10+ years of experience in financial risk management, investment analysis, or related roles within large-scale projects or organizations.
• Relevant certifications in risk management (e.g., CRM, ERM) are desirable.
• Strong understanding of risk management frameworks (e.g., ISO 31000, COSO).
• Strong understanding of financial risk assessment methodologies and the ability to apply them effectively.
• Proven experience in developing and implementing financial risk management frameworks.
• Exceptional analytical skills and attention to detail, with the ability to interpret complex data and provide actionable insights.
• Excellent communication and interpersonal skills to engage effectively with diverse stakeholders.
• Demonstrated leadership abilities, with experience guiding teams and promoting a culture of risk awareness.
• Proficient in financial analysis tools and software, with a strong aptitude for Microsoft Excel and presentation software.
• Ability to thrive in a fast-paced, dynamic environment while managing multiple priorities effectively.

Offering a comprehensive compensation and benefits package.

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.

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.

Provide financial advice, support, and consultation to the assigned departments to ensure alignment with set financial plans and policies. Develop financial reports and analyses to identify financial impact and performance, supporting decision-making processes for the departments or business functions.

Accountabilities

• Lead financial evaluations for assigned departments’ projects, including developing and reviewing financial models, data, KPIs, and stakeholder alignment.
• Act as a financial partner to departments by providing support, financial knowledge, budgets, forecasts, and communicating business needs to the Finance division to ensure interdepartmental alignment.
• Issue periodic financial reports, reviewing actual progress against plans to assess financial performance.
• Perform financial analyses to identify deficiencies and areas for improvement to support decision-making.
• Follow up on decisions and corrective actions with stakeholders, assessing financial impacts.
• Collaborate with departments to develop, update, and document processes, procedures, and SOPs, ensuring standardization and financial compliance.
• Lead and participate in automating financial analysis reports with IT to enhance efficiency, timeliness, and accuracy.
• Serve as a key advisor to business units, providing strategic financial insights to aid decision-making.
• Drive finance team performance, ensuring alignment with business objectives and fostering a culture of continuous improvement.

Employee duties are not limited to these accountabilities; additional duties may be assigned.

Work Environment

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

Job Requirements

Education

• BSc in Finance or Accounting

Experience

• 3+ years in a similar role (for MG), 5+ years (for SMG)

Computer Skills

• MS Office Suite

Languages

• English
• Arabic

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

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.

Overview

Internal Job Title: Assistant Manager (Financial Analysis & Reporting)

Business: Lucy Switchgear Arabia

Location: Dammam, Saudi Arabia

Job Reference No: 4165

• Financial Accounting & Analysis
• To provide timely & accurate financial information and reports
• Payroll Administration & Management
• Assist the FM in all matters related to Compliance, Reporting and Audit

Number of Staff Supervised: Direct Reports: One

• Monthly, quarterly and annual closure and preparation of management reports and financial statements to meet strict group reporting deadlines, ensuring timeliness and accuracy.
• In coordination with the FM, prepare and analyze periodic cash forecasts, exceptional reporting, inventory and general provisioning.
• Process the employee payroll on a monthly basis and post to appropriate general ledger accounts, ensuring timeliness and accuracy.
• Analyze collation data and file periodic VAT returns; in coordination with the FM liaise with the consultant where needed, ensuring timeliness, accuracy and compliance.
• Controller and custodian of the company’s GL and chart of accounts, maintaining accuracy and correctness.
• Collaborate with the FM on detailing and data accumulation for monthly reporting, quarterly forecasts and annual budgets using extensive Excel-based analytical reporting including dashboards; ensure timeliness and accuracy.
• Support ad-hoc deliverables to meet internal and external financial and analytical reporting requirements; ensure timeliness and accuracy.
• Collaborate with the FM in managing the yearly statutory audit process by preparing schedules and coordinating with auditors for smooth completion; ensure timeliness and accuracy.
• Assist the FM in ensuring compliance with all legal and statutory requirements and support ongoing development and implementation of internal controls and procedures across the business; ensure timeliness, accuracy and compliance.
• Collaborate with the FM in liaising with the AX team for AX-related requirements as needed; add value to existing processes.
• Managing and mentoring the accountants.

The position is responsible to:

• Participate as a finance stakeholder for the business in cross-functional teams.
• Work well with stakeholders as well as with a variety of people and personality types.

• Degree in recognized accounting qualification (ACCA / ACA / CMA)

• 10 years in a similar role

• Financial Acumen
• Eye for Details
• Tech Savvy
• Decisiveness
• Analytical Thinking
• Manage Deadlines
• Methodical Approach
• Accuracy
• Effective Verbal & Written Communication
• Innovation & Creativity
• Commercial Awareness
• Planning & Organizing
• Maintain High Degree of Confidentiality

• Integrity & Ethics
• Self-Motivation
• Teamworking
• Agility & Adaptability
• Cultural Intelligence
• Engaging & Developing People
• Interpersonal sensitivity

Does this sound interesting? We would love to hear from you. Our application process is quick and easy. Apply today!

Internal Job Title:Assistant Manager (Financial Analysis & Reporting)

Business: Lucy Switchgear Arabia

Job Reference No: 4165

Job Purpose

•To provide timely & accurate financial information and reports

•Payroll Administration & Management

•Assist the FM in all matters related to Compliance, Reporting and Audit

Job Dimensions

Number of Staff Supervised:Direct Reports:One

Key Accountabilities

Monthly, quarterly and annual closure and preparation of management reports and financial statements are undertaken in a timely manner to meet strict group reporting deadlines. - Timeliness and accuracy

In coordination with the FM preparation and analysis of periodic cash forecasts, exceptional reporting, inventory & general provisioning. - Timeliness and accuracy

Process the employee payroll on a monthly basis and posting the same to appropriate general ledger accounts. - Timeliness and accuracy

Analyzing the collated data and filing of periodic VAT return and in coordination with the FM liaising with the consultant wherever needed. - Timeliness, accuracy and compliance

Controller and custodian of company’s GL and chart of accounts - Accuracy & correctness

Collaborate with the FM in the detailing and data accumulation work for the preparation of monthly reporting, quarterly forecasts, annual budgets by extensive excel based analytical reporting including dashboards. - Timeliness and accuracy

Work alongside the FM for any ad-hoc deliverables to support both internal and external financial and analytical reporting requirements. - Timeliness and accuracy

Collaborate with the FM in managing the yearly statutory audit process by preparation of schedules and coordinating with the auditors for smooth completion of audit. - T imeliness and accuracy

Assist the FM in ensuring compliance with all legal and statutory requirements and the ongoing development and implementation of internal controls and procedures across the business. - Timeliness, accuracy and compliance

Collaborate with the FM in liaising with the AX team for any AX related requirements as and when the need arises. - Value Addition to the existing process

Managing and mentoring the accountants

Job Context

The position is responsible to:

•Participate as a finance stake holder for the business in cross functional teams.

•Work well with stakeholders as well as with a variety of people and personality types.

Minimum Qualifications and Knowledge:

Degree in recognized accounting qualification (ACCA / ACA / CMA)

Minimum Experience: 10 years in a similar role

Job-Specific Skills: Financial Acumen, Eye for Details, Tech Savvy, Decisiveness, Analytical Thinking, Manage Deadlines, Methodical Approach, Accuracy, Effective Verbal & Written Communication, Innovation & Creativity, Commercial Awareness, Planning & Organizing, Maintain High Degree of Confidentiality.

Behavioral Competencies: Integrity & Ethics, Self-Motivation, Teamworking, Agility & Adaptability, Cultural Intelligence, Engaging & Developing People, Interpersonal sensitivity

Does this sound interesting? We would love to hear from you. Our application process in quick and easy. Apply today!