Financial Analyst Trainee
4 days ago
At Zain Bahrain, we are seeking a highly motivated and detail-oriented Financial Analyst Trainee to join our team in the Finance department.
About UsZain is the pioneer of mobile telecommunications in the Middle East. We began life in 1983 in Kuwait as the region's first mobile operator, and since the initiation of our expansion strategy in 2003, we have expanded rapidly. Today, we are a leading mobile voice and data services operator with a commercial footprint in 7 Middle Eastern and Africa countries with a workforce of over 7,900 providing a comprehensive range of mobile voice and data services to over 42.4 million active individual and business customers.
Job PurposeThe primary responsibility of this role is to support the preparation of the annual budget, periodic reforecasts, and reviewing trends compared to actual financial statements thereafter.
- Preparing monthly and quarterly reports
- Investigating key business drivers for revenue and expenses variances
- Providing analytical insight
- Monitoring and improving the current financial system in place
- Reviewing annual and quarterly financial statements
Key responsibilities include:
- Preparing and arranging for the annual budget and quarterly reforecasts for the company as well as the consolidation including all the subsidiaries
- Reviewing and monitoring budget override and budget transfers requests on a case-to-case basis
- Preparing regular reports on progress towards targets, flagging variations and performing initial checks on reasons for under/over budget
- Preparing the data requirements for business initiatives analysis, product launches, and/or new service offerings and follow up with the owners and stakeholders
- Creating and providing specific ad-hoc reports whenever needed
- Reviewing the main financial KPIs outputs of ERP System and revert back to accounting department in case of any issues
- Supporting the accounting department in month and year-end closing
- Conducting cost-benefit analyses to determine value for new and existing costs in addition to net revenue generated from new or existing products and services
- Developing new ways of reporting and analysis by blending technology with Finance and accounting
- Analyzing and explaining all figures in the financial statements when required
- Identifying trends in financial performance and providing recommendations for improvement
- Assisting in preparation and review of special projects (Business Case studies) for better decision making that should be aligned with budget and strategic plan
- Supporting the Invest Relations division in reviewing the financial ads and financial part of press releases on a quarterly basis
The ideal candidate will possess a Bachelor's degree in accounting or finance, with experience being a plus. Required skills and knowledge include:
- Basic knowledge of IFRS (International Financial Reporting Standards) and cost accounting in addition to local reporting and tax regulations
- Knowledge in Power BI or Tableau
- General knowledge in ERP Systems and its different modules
- Knowledge of using digital tools
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