Overview
Senior Financial Analyst Jobs in Jeddah, Makkah, Saudi Arabia at Panda Retail Company – Savola Group
Title: Senior Financial Analyst
Company: Panda Retail Company – Savola Group
Location: Jeddah, Makkah, Saudi Arabia
Job Purpose:
Responsible for supporting the financial planning and analysis (FP&A) function by delivering high-quality financial analysis, budgeting, forecasting, and financial modelling to support strategic and operational decision-making. The role focuses on creating financial models, analyzing financial performance, identifying risks and opportunities, and providing actionable insights to improve profitability, cost efficiency, and financial performance.
Key Accountabilities:
1. Financial Planning & Forecasting
• Support the development of the annual budget and rolling forecasts in alignment with business objectives.
• Prepare detailed financial models and forecasts based on operational and financial data.
• Analyze financial performance against budgets, forecasts, and historical trends.
• Prepare monthly variance analysis reports and explain key drivers of performance.
• Support the automation and improvement of financial reporting processes in collaboration with IT and relevant stakeholders.
• Ensure accuracy, completeness, and integrity of financial data used in analysis and reporting.
2. Performance Analysis
• Monitor key performance indicators (KPIs) and analyze financial and operational trends.
• Conduct variance analysis and identify risks, opportunities, and cost optimization areas.
• Prepare financial ratio analysis to assess profitability, efficiency, and financial health.
• Provide regular performance reports with actionable insights and recommendations.
3. Strategic and Operational Decision Support
• Develop financial models to evaluate business initiatives such as store expansion, pricing strategies, and investment opportunities.
• Support ROI and profitability analysis for capital expenditures and operational initiatives.
• Assist business units by providing financial insights to support operational decision-making.
• Analyze cost structures and recommend efficiency improvements.
4. Financial Reporting and Compliance
• Prepare financial reports, dashboards, and presentations for management review.
• Support preparation of executive and board-level financial presentations.
• Ensure compliance with accounting standards (GAAP/IFRS) and internal financial policies.
• Maintain consistency and accuracy of financial reporting across business units.
5. Benchmarking and Market Analysis
• Analyze internal performance and benchmark against industry and competitors.
• Monitor external factors such as inflation, cost trends, and market conditions.
• Provide insights to support pricing, cost management, and profitability improvement.
6. Process Improvement and Systems Support
• Support implementation and enhancement of financial planning and reporting tools.
• Improve reporting efficiency through automation and BI tools (Power BI, Tableau, Excel).
• Contribute to continuous improvement initiatives within the FP&A function.
Experience & Qualifications
- Bachelor's degree or equivalent in Finance.
Key Competencies:
- Professional qualification (e.g. CMA, CFA, CPA) is highly preferred.
- Strong analytical skills with data visualization tools (Power BI, Tableau).
- Proficiency in English Language and Arabic knowledge is essential plus.
- Strong proficiency in financial modelling, excel and ERP systems.
- Excellent presentation and PowerPoint skills.
- Excellent analytical, problem solving and communication skills.
- Strong analytical skills with data visualization tools (Power BI, Tableau).
- Ability to influence and collaborate across multiple teams.
- Experience in handling large datasets and BI tools for reporting.
- Ability to work under pressure and meet tight deadlines.
- Knowledge of retail metrics (e.g. inventory turnover, shrinkage, sales intensity).
