Financial Planning Analyst

JOB PURPOSE

Responsible for assisting senior management in making critical business decisions by analyzing and presenting key financial data; oversee accounting procedures and preparing MIS reports. Support all financial planning activities including annual budget, mid-year forecast, Long range strategic planning and analyze financial information, and work with the business partners and regions to ensure alignment with strategic goals and objectives

CORE RESPONSIBILITIES:

Budgeting and Forecasting:

• Assist in Planning for the budget and publishing a budget calendar detailing the various tasks to be completed in co-ordination with the stake holder departments.
• Involvement in the annual budget development process for each fiscal year, which includes collaborating with stakeholders to develop the annual and multi-year budgets
• Collaborate with the HODs to develop the authority’s budget by publishing the templates, agreeing on the various revenue, OPEX & CAPEX assumptions, providing guidance on filling the templates and follow-up with departments until the final submission.
• Set up review meetings with the HODs along with the line manager & Finance Director to challenge the assumptions in the budget (Revenue, OPEX & CAPEX) based on prior year trends and strategic plan and agree on the final targets.
• Consolidating the templates to prepare the full budget pack with Income statement, balance sheet, cashflow & other required schedules.
• Setup review meetings with the line manager and Finance Director to agree on the submissions and prepare the budget presentation highlighting the variances with prior year.
• Communicating and agreeing the revenue and OPEX targets with all relevant stake holders if there are any iterations from the management or the board.
• Collaborate with the line manager and Finance Director on achieving company’s long-term financial planning objective
• Update reporting requirements from IDO and any other external stake holders.
• Assist in performing financial forecasting, reporting and analyse data to create multi-year financial sustainability models for planning and decision support.
• Develop financial models to support valuation, planning & forecasting
• Develop, document and periodically update business processes and budgeting policies of the Authority to maintain and strengthen internal controls

Decision support analysis & project evaluation:

• Detailed performance commentary on the periodic financial results (monthly/YTD) of the authority
• Preparation of monthly P&L of all the buildings of RAKEZ by collaboration with developmental & leasing teams by showing both revenues & OPEX.
• Prepare variance analysis at organisational & departmental level detailing the reasons on the variances in revenue, OPEX & CAPEX after discussion and agreements with the departments.
• Review business case analysis for new products, markets & marketing plans to support other departments. .
• Review sales incentive plan design and control
• Support commercial, CX & strategy department by preparing financial impact study for pricing analysis, promos and price alignment.
• ‘What if" and sensitivity analysis for CAPEX analysis and decision making.
• Provide accurate insights while preparing the authorities board and Ex-co reports.

Business Partnering:

• Closely co coordinating, building partnerships and maintaining strong relationships with all HODs and their teams by providing support
• Support in the department’s budget preparation, usage, allocation and monitoring
• CAPEX/Asset related issues and PR creation support
• Pricing related studies and support
• Variance analysis for the departments operating expenses.

MIS:

• Prepare the monthly CEO management pack with analysis of financial performance providing insights into revenue, SOV, OPEX, CAPEX and key performance indicators.
• Prepare the monthly board pack with analysis of current and past trends in key performance indicators including all areas of revenue, cost of sales, expenses and capital expenditures
• Assist in monthly CAPEX tracker highlighting the progress of each project against the forecast detailing the various milestones achieved within the project after discussing & agreeing with the relevant stake holders..
• Monthly departmental variance report highlining the performance during the period..
• Monitor performance indicators, highlighting trends and analysing causes of unexpected variance
• Ad-Hoc reporting and analysis
• Prepare board & Exco presentations as and when required

QUALIFICATIONS, EXPERIENCE, & SKILLS:

Educational Qualifications:

• Bachelor’s degree in Finance /Accounting.

Years of Experience:

• Minimum 3 to 4 yearsof experience in Budgeting & reporting.
• Accountancy qualifications (ACA/ACCA or equivalent).
• Expertise in ERP.
• SAP & SAC skills required

Other requirements:

• Fluent in English and Arabic (preferable)
• Commercial awareness, with an interest in business and an understanding of how an organisation works and manages resources.
• High level of numeracy.
• Ability to explain complex financial information in a clearway to different levels.
• Professionalism and commitment.
• Excellent oral and written communication skills
• IT proficiency.
• Project management skills.
• Strong interpersonal and teamwork skills, with the ability to work with colleagues at all levels including non-finance members of staff.
• Lively and enquiring mind with a logical approach to work, combined with analytical and problem-solving skills.
• Organizational skills with the ability to work under pressure and to deadlines.
• Stamina and motivation to balance the demands of work and study.