Senior Financial Analyst

Role Overview

Join Tuwaiq Casting & Forging Company as a Senior Financial Analyst where you will lead advanced financial planning, analysis, and monitoring with a focus on manufacturing operations. You will help management optimize plant utilization, cost efficiency, and profitability while enforcing strict budget controls across departments.

Key Responsibilities

• Drive the annual budgeting, quarterly forecasting, and strategic long-term financial planning processes.
• Create production-based financial projections considering volume, yield, scrap rates, and utilization factors, aligning these plans with production schedules and sales pipeline forecasts.
• Develop and maintain comprehensive costing models including standard and actual costing methods while analyzing key cost drivers such as raw materials, labor, overhead, energy, and maintenance expenses.
• Perform in-depth variance analysis on material usage, labor efficiency, and overhead absorption to identify opportunities for cost improvements.
• Provide cost per unit/ton assessments to highlight efficiency gains.
• Oversee cost control by reviewing and verifying purchase requisitions and orders against budgets, ensuring expenses are correctly allocated to cost centers and accounting periods.
• Monitor budget adherence vigilantly, preventing overspending or misallocations, and ensure that all purchase orders and invoices comply with system booking and financial policies.
• Track and compare committed versus actual expenditures to flag potential budget risks and collaborate with procurement and finance teams to maintain financial discipline.
• Guide internal stakeholders on proper budget usage, coding practices, and financial accounting treatments.
• Analyze operational KPIs including capacity utilization, yield, scrap rates, downtime, and throughput, working closely with plant, engineering, and procurement teams to validate assumptions and support efficiency improvements.
• Build detailed financial models for production scenarios, cost reduction strategies, and pricing decisions, including sensitivity analyses on variables such as raw material costs and energy prices.
• Prepare monthly reports for management highlighting operational and cost control performance alongside variance analyses versus budgets and historic periods.
• Support executive-level reporting with clear production-linked financial insights for Board and senior management reviews.
• Manage working capital by monitoring inventory levels across raw materials, work-in-progress, and finished goods; analyze inventory turnover, aging, and slow-moving stock to aid optimization efforts.
• Enhance planning, costing, and reporting functionalities within ERP systems, improve data quality, automate processes, and reinforce financial controls continuously.

Candidate Profile

• Possess a Bachelor's degree in Finance or Accounting.
• Have between 4 to 6 years or more of professional experience in FP&A or cost analysis roles within a manufacturing environment.
• Demonstrate deep expertise in costing methodologies, budgeting procedures, and financial control mechanisms.
• Exhibit advanced proficiency in Microsoft Excel and financial modeling techniques.
• Experience with ERP platforms, preferably Microsoft Dynamics 365 Finance & Operations, is highly desirable.
• Excellent communication and negotiation capabilities that enable effective challenge and alignment with cross-functional teams on budgets, assumptions, and financial evaluations.
• Strong track record of engaging senior leadership by delivering insightful financial presentations that guide strategic decisions.
• Skilled in preparing visually clear, structured, and influential presentations using Microsoft PowerPoint or equivalent applications.
• Ability to convert complex financial metrics into comprehensible dashboards, visuals, and executive summaries.
• Meticulous attention to detail combined with a mindset focused on control and governance.