Senior Financial Analyst
Zakat, Tax and Customs Authority
Date: 1 week ago
City: Riyadh
Contract type: Full time
Purpose of Job
Jobholders at this level are capable of operating with minimal supervision. They work within guidelines and procedures in order to prepare more complex, specialized or ad-hoc reports in their related field. They contribute to the completion of milestones or operational targets within the assigned functional area.
They undertake operational activities including consolidating input, financial analysis and forecasting, supporting other functions during budget development, and performing budget variance analysis.
Job Resposiblites
Budget Development, Monitoring, and Analysis
Communication and Contacs
Eductaion
Bachelor’s degree in Finance or equivalent is required
Experience
A minimum of 2 years of relevant experience
Competencies
Financial Planning and Analysis - Proficient
Communication - Developing
Professionalism - Developing
Treasury Operations and Fund Management - Developing
Accounting Standards and Practices - Developing
Results Oriented - Developing
Customer Focus - Developing
Financial Reporting and Control - Proficient
Change Enabler - Developing
Risk Assessment and Management - Developing
Jobholders at this level are capable of operating with minimal supervision. They work within guidelines and procedures in order to prepare more complex, specialized or ad-hoc reports in their related field. They contribute to the completion of milestones or operational targets within the assigned functional area.
They undertake operational activities including consolidating input, financial analysis and forecasting, supporting other functions during budget development, and performing budget variance analysis.
Job Resposiblites
Budget Development, Monitoring, and Analysis
- Update budgeting templates, forms, and guidelines based on requirements
- Coordinate with all functions to align on budget guidelines, timetables, and applicable forms
- Provide support to ZATCA’s functions for budget development through answering queries and preparing historical data and statistics
- Collect and consolidate inputs ensuring alignment with set guidelines and templates and develop organization-wide budget draft
- Negotiate and challenge ZATCA functions on forecasted budgets and accordingly finalize budget plan
- Upload final budget requirements into the system
- Assess budget modification requests and analyze supporting business cases to ensure viability and obtain needed approvals
- Conduct budget monitoring to ensure targeted and effective use of budget resources and avoid any budget deficit and overruns
- Perform variance analysis to pinpoint discrepancies between forecasted and actual budget
- Provide guidance and advice on budget discrepancies/ deviations
- Follow all relevant policies, processes and standard operating procedures so that work is carried out in a controlled and consistent manner
- Help in solving escalated problems and provide needed support for junior team to ensure work is carried out in an efficient manner
- Escalate complex problems to the relevant person to ensure cases/issues are closed properly
- Perform other duties as requested
- Train junior staff on the different job activities to ensure transfer of know-how, when applicable
- Provide clear direction, prioritize tasks, assign and delegate responsibility, and monitor the workflow of subordinates/ junior staff
- Support junior staff or direct reports in order to execute their duties according to set policies and processes
Communication and Contacs
Eductaion
Bachelor’s degree in Finance or equivalent is required
Experience
A minimum of 2 years of relevant experience
Competencies
Financial Planning and Analysis - Proficient
Communication - Developing
Professionalism - Developing
Treasury Operations and Fund Management - Developing
Accounting Standards and Practices - Developing
Results Oriented - Developing
Customer Focus - Developing
Financial Reporting and Control - Proficient
Change Enabler - Developing
Risk Assessment and Management - Developing
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