About the job FP & A
Job Location: Riyadh. KSA.
Position Title: Financial Planning & Analysis Manager
Department: Finance
Reports to: CFO
Job Overview:
The FP&A Manager will be responsible for providing strategic financial insights and analysis to support decision-making in Solb Steel environment. This role combines financial expertise with industry-specific knowledge to drive business performance and operational efficiency.
Key Responsibilities:
Financial Planning & Forecasting:
- Develop and maintain detailed financial models for budgeting, forecasting, and long-range planning
- Analyze steel market trends, raw material costs, and production metrics to create accurate revenue and cost projections
- Lead the annual budgeting process and monthly/quarterly forecasting cycles
- Monitor variance between actual and planned performance, providing detailed explanations and recommendations
Business Analysis & Reporting:
- Create comprehensive financial reports and dashboards for executive leadership
- Analyze production costs, capacity utilization, and yield metrics to identify optimization opportunities
- Evaluate profitability by product line, customer segment, and geographical region
- Perform cost-benefit analyses for capital expenditure projects and strategic initiatives
Operations Support:
- Partner with operations teams to develop relevant KPIs and performance metrics
- Analyze manufacturing costs, including raw materials, labor, and overhead
- Support pricing decisions through detailed cost analysis and margin modeling
- Evaluate working capital management, including inventory optimization
Strategic Initiatives:
- Provide financial analysis for potential mergers, acquisitions, or expansion projects
- Develop business cases for new investments or operational improvements
- Support strategic planning processes with market analysis and financial projections
- Identify and analyze competitive threats and opportunities
Required Qualifications:
- Bachelor's degree in Finance, Accounting, Economics, or related field
- 5+ years of relevant FP&A managerial experience, preferably in steel manufacturing or similar heavy industry
- Advanced Excel skills and experience with SAP ERP system
- Strong understanding of cost accounting and manufacturing metrics
- Proven experience in building financial models and conducting complex analysis
Preferred Qualifications:
- MBA or relevant master's degree
- CPA, CFA, ACCA or similar professional certification
- Experience in steel industry or related manufacturing sectors
- Knowledge of business intelligence tools (Power BI, etc.)
- Experience with SAP or similar enterprise software
Skills & Competencies:
- Strong analytical and problem-solving abilities
- Excellence in financial modeling and scenario analysis
- Advanced understanding of manufacturing cost structures
- Strong communication skills and ability to present complex data clearly
- Project management and organizational skills
- Ability to work collaboratively across departments
Working Conditions:
- Office environment with occasional visits to manufacturing facilities
- May require travel to different plant locations
- Regular interaction with senior management and operations teams