Senior Financial Analyst - FP&A

Job Summary:

• The Senior Financial Analyst will play a critical role in partnering and collaborating with departments across the business with all financial and technical operations as well as with the FP&A team and regional operations team of the group.
• To work across business and other finance functions exchanging information on plans and actual financial information.
• To undertake a key financial and advisory role contributing to the effective and timely compile and discharge of departmental and company internal and external financial reporting requirements.
• To uphold the company’s ethics, operating policies and adhere to the department work instructions.

• Prepare, manage, analyze and report annual budget and quarterly forecast for all lines of business, distribution channels and products.
• Contributes to the preparation of the 5 years’ Long Range Plan (LRP) and participates in the plan decision and negotiation with different stakeholders within the company or with the group.
• Oversee and manage the continued development of Budgeting, Financial Forecasting, Operating Plan and Modeling tools in coordination with the regional operations and other group companies FP&A teams.
• Create & maintain models that provide financial analysis and decision to support key business issues, and propose potential solutions to complex problems across all areas of the organization.
• Create monthly reporting packages including but not limited to historical financial analysis of ANP, GWP, OPEX Ratio, Acquisition ratio, Combined Ratio and other KPI’s tracking.
• Work together with the accounting team and other concerned departments on monthly variance explanations between actual results, budget and prior projection/forecast. Work closely with controllership / finance leadership functions to ensure accuracy of the reported numbers through investigation of unexplained and unjustified variances or the absence of expected trends.
• Work with both the company and the group treasury and investment teams to develop & maintain an adequate monthly cash flow budget to provide weekly, monthly & annually cash projections to identify issues and signal out breaches of financial advantage approved by the board.
• Participate in the valuation and activities to monitor and assess financial performance of investments and other financial assets.
• Contribute in preparation of quarterly financial disclosures in compliance of IFRS.
• Responsible of preparing monthly, quarterly & annually regulatory reporting related to Operation, Investments & Tax to (MOC, MOF, CBK, etc.).
• Manage and produce ad hoc financial analysis and requests as needed to support key findings and strategic plans.
• Preparation of financial models, analysis & SWOT analysis in connection with preparation of the annual strategic plan and support in strategic decisions.
• Monitor performance indicators, highlighting trends and analyzing causes of unexpected variance.
• Suggest actions to improve performance by evaluating business results and company KPIs through analyzing and interpreting data and making comparative analysis.
• Develop financial models and analyses to support strategic initiatives.
• Analyze complex financial information and reports to provide accurate and timely financial recommendations to management for decision making purposes.
• Develop, maintain and enhance system processes, data models and reporting tools.
• Supporting the management with in-depth analysis & presentations.
• Assist the group’s FP&A activities as and when required.
• Assist in any other duties assigned by management as and when required.

• Minimum of Bachelor’s Degree in Finance or Accounting or Finance from a recognized university
• CFA or equivalent qualification is a plus
• 3-5 years of relevant experience. Big 4 firms is a plus.
• Insurance background/experience is a plus
• Advanced Excel, Modeling, Data Manipulation and PowerPoint experience
• Strong analytical ability to solve reconciling items; variance analyses
• Detail oriented as well as be able to provide the big picture and tell the business story
• Easily adaptable to changing priorities and have the ability to work independently or in teams
• Ability to Multi-Task and prioritize work assignments in a constantly changing environment /ad hoc assignments
• Self-motivated and a “get it done” attitude and approach
• Ability to work with and maintain confidential information
• Proficiency in written and spoken English & Arabic
• Strong communication and team oriented interpersonal skills
• Ability to work well under pressure and problem solving skills
• Strong work ethics and follow through