Summary
Wataniya Insurance is seeking a Financial Planning & Reporting Manager in Jeddah. The role leads budgeting, forecasting, performance analysis and management reporting, and provides financial insights to executive management. Responsibilities include business partnering, developing planning models and reporting tools, reconciling reports with financial records, and managing team members. A relevant bachelor’s degree and at least 7 years of relevant experience, including 2 years in a supervisory or managerial role, are required; a professional qualification and insurance or financial-services experience are preferred.
The posting
As published on wataniya.com.sa. Pulled from the employer's site and shown as they wrote it.
The Financial Planning & Reporting Manager is responsible for leading the Company's financial planning, budgeting, forecasting, management reporting and performance analysis activities. The role provides financial insights, business performance evaluation, strategic analysis and decision-support information to executive management.
Job Responsibilities
Budgeting & Forecasting
- Lead the annual budgeting process and coordinate company-wide budget submissions.
- Develop rolling forecasts and financial outlooks.
- Perform scenario planning and sensitivity analysis to support decision-making.
- Challenge assumptions and provide recommendations to improve forecast accuracy.
Financial Performance Management
- Monitor actual performance against budget, forecast and prior periods.
- Conduct detailed variance analysis and identify key business drivers.
- Analyze profitability, revenue, underwriting results, expenses, capital utilization and other performance indicators.
- Recommend performance improvement opportunities to management.
Management Reporting
- Develop and maintain executive dashboards, KPI scorecards and management reporting packs.
- Prepare monthly, quarterly and annual performance reports.
- Coordinate reporting timelines and ensure timely delivery of management information.
- Support Board, committee and executive reporting requirements.
Business Partnering & Decision Support
- Collaborate with Underwriting, Actuarial, Sales, Operations and support functions.
- Translate operational initiatives into financial impacts and performance measures.
- Prepare business cases, investment evaluations and strategic financial analyses.
- Support cost optimization and profitability enhancement initiatives.
Planning Systems & Analytics
- Maintain financial planning and forecasting models.
- Develop enhancements to reporting tools, dashboards and automation initiatives.
- Support implementation of Power BI, Power Query and advanced reporting solutions.
- Ensure consistency and reliability of planning data and reporting outputs.
Reporting Reconciliation & Controls
- Reconcile management reports with approved financial records.
- Coordinate with Accounting, Treasury and other Finance functions to resolve variances.
- Maintain documentation of methodologies, assumptions and reporting procedures.
- Support audit requirements related to planning and management reporting activities.
Leadership & Development
- Manage, coach and develop assigned team members.
- Ensure quality review procedures and continuous improvement initiatives.
- Foster strong relationships with stakeholders across the business.
Requirements
A. Educational Background and Certifications
- Bachelor’s degree in Finance, Accounting, Economics, Business Administration or a related field.
- Professional qualification such as CMA, CPA, ACCA, CIMA, CFA or an equivalent certification is preferred.
B. Experience
- Minimum 7 years of relevant experience in financial planning and analysis, management reporting, budgeting, forecasting or financial performance management, including at least 2 years in a supervisory or managerial role.
- Experience in the insurance or financial-services sector is strongly preferred.
- Experience presenting financial analysis and performance insights to senior management is preferred.