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Job Description

Duties and Responsibilities:

  • Generate multi-year projections of proposed investments by coordinating with business units and present the various financial data including the IRR, NPV, and payback along with investment recommendation.
  • Setting up financial models for management usage to gauge profitability on scenario basis of different projects and ensuring selection of business plan which optimizes return against risk and is aligned with overall strategic objectives of the group.
  • Preparing budgets and rolling forecast for group entity(s) to be presented quarterly to the board by senior management. Detailed buildup of budget on all financial statement elements, including trend analysis of overall market growth/share, cost structure, return on investment/working capital/equity as applicable.
  • Prepare monthly business/financial performance reviews via specific KPI’s such as:
  • Analysis of a revenues by line of business/channel, by brand and/or channel.
  • Analyzing the GM by bridge analysis (sales channel, brand, customer, & supplier) to determine cause of variance vs. budget and prior periods.
  • Monitoring working capital by highlighting AR (focusing on aged clients and collection reviews), stock management and AP terms.
  • Monitoring all variable & fixed costs to keep focus on cost efficiencies and determining sustainable level of opex relative to group size/target.
  • Leading the automation of financial statements publication and consolidation function.
  • Determining cost allocation criterions to allocate support services cost to subsidiaries.
  • Act as a financial consultant to management, providing support in implementing accounting procedures and policies, across different departments (HR, Logistics, and IT etc.)
  • Supervising & training junior financial analysts/internee’s in the corporate finance department.
  • Assisting treasury in determining feasibility of bank proposals to reduce interest costs via hedging and/or speculatory products.
  • Other duties as assigned.


Job Details

Total Positions:
1 Post
Job Shift:
First Shift (Day)
Job Type:
Job Location:
No Preference
Minimum Education:
Career Level:
Experienced Professional
Minimum Experience:
6 Years
Apply Before:
Aug 31, 2019
Posting Date:
Aug 01, 2019
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Omar A. Balubaid Group

AutoMobile · 601-1000 employees - Jeddah

Established in 1952, Balubaid Group of Companies (BGC) today is a modern, diversified holding company whose operating activities span eight sectors in the Kingdom of Saudi Arabia. Starting from a humble spare parts trading operation over 60 years ago, Balubaid has evolved into a multi-business enter ...Read More