Financial Planning Analyst📣 Job Ad

About the Role

Otis Elevator Company Saudi Arabia Ltd is seeking a Financial Planning Analyst to join its team in Jeddah, Makkah, Saudi Arabia. This full-time position is integral to monitoring key business indicators, conducting comprehensive financial analyses, and delivering insightful commentary and presentations for Otis – KSA. The role is crucial for maintaining controls over the annual budget and strategic plan processes, ensuring accurate monthly and quarterly financial forecasting in alignment with established business policies and procedures.

As a global leader in elevator and escalator manufacturing, installation, and service, Otis plays a significant role in daily mobility worldwide. Joining Otis offers opportunities for professional growth and development within a diverse and ethical community committed to safety and quality.

Key Responsibilities

• Prepare detailed financial analysis for monthly management reports, quarterly forecasts, annual budgets, and long-term strategic plans for Otis – KSA.
• Monitor key business indicators, identify trends, and analyze the causes of changes or negative variances, providing actionable recommendations to management.
• Execute benchmarking analysis, financial analysis, commentaries, and presentations for executive review meetings, including regional reviews.
• Report on Otis – KSA's business performance, including variance analysis of financial results, planning updates, management highlights, and development of pipeline project status updates.
• Drive controls over the annual budget and strategic plan processes, including agreeing on assumptions, consolidation, analyzing submissions, communicating financial targets, and managing strategic plan platforms.
• Prepare executive storyboarding, business review presentations, and management updates on forecasts, budgets, and the strategic financial plan.
• Manage the monthly and quarterly financial forecasting and reporting processes for Otis KSA.
• Participate in the development of complex financial models for consolidation and variance analysis, including "what-if" scenarios and sensitivity analysis based on business drivers.

Qualifications and Requirements

• Bachelor's degree in Finance, Accounting, or an equivalent field.
• A Master's degree in Finance or Accounting is preferred.
• Relevant professional certification such as Chartered Certified Accountant (CCA) or equivalent is preferred.
• A minimum of 5 years of relevant experience in performing financial planning at an enterprise level within a matrixed organization.
• At least 4 years in positions with progressively increasing responsibilities.
• Fluent written and spoken English is essential; proficiency in Arabic is preferred.

Required Skills

• Financial Analysis
• Financial Forecasting
• Budgeting
• Strategic Planning
• Variance Analysis
• Financial Modeling
• Reporting
• Presentation Skills
• Understanding of Business Policies and Procedures

Work Environment

This is a full-time position based in Jeddah, Makkah, Saudi Arabia, specifically at Otis Elevator Company Saudi Arabia Ltd. The role requires 5-10 years of relevant experience.