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Job Description
The Senior Manager – Financial Planning & Performance Management will conduct financial planning & analysis, budgeting, forecasting and performance management activities that allow for more informed decision making by executive management and the Board of Directors.
Annual Operating Plan and 3 Year Plan
- Support in preparing the Annual Operating Plan (“AOP”), 3 Year Plan (3YP), and intra-year forecasts on a detailed revenue and cost centre level in coordination among all departments
- Assist in conducting scenario analysis on AOP and 3YP
- Complete Bupa Group Templates for AOP, 3YP, and intra-year forecasts to ensure that all group requirements for the planning cycle are completed
- Collect monthly company performance data, compare it to AOP, and analyse sources of variance
- Design financial models needed for all planning/forecasting related activities such as BDP, commissions, volume rate analysis and any other ad hoc required models
- Assist in designing spreadsheet templates for use by stakeholders, and updating and enhancing the templates regularly
- Support in preparing 12-months rolling forecast for solvency, income statement, balance sheet and cash flow
Balance Sheet & Opex Management
- Prepare monthly analysis on regulatory and IFRS solvency, risks and opportunities in order to budget and balance
- Measure the impact of premium payment terms on bad debt expense and solvency
- Forecast, monitor and calculate monthly Solvency
- Analyse monthly reporting of Opex vs budget and identify key variances, issues, and trends
Performance Management
- Leverage data to underpin the overall corporate performance and analyze to generate insights for top management
- Support the overall decision-making process with the use of data analysis and visualization tools
- Define and implement key initiatives to reduce waste, save cost, improve margins and profitability
Competitor Analysis and Benchmarking
- Obtain quarterly and annual insurance market and competitor data and analyse growth, profitability, market share, and financial strength
- Prepare quarterly & annual competitive analysis report and enhance the report on regular basis
Special Assignments
- Assist in conducting capital budgeting and feasibility study exercises for new products and ventures
- Support the preparation of investment cases and business plans for new products and ventures
People Management
- Train and mentor team members to help with career growth and progression
- Adhere to and promote Maker & Checker practice for all deliverables
Skills
Years of Experience
- 5 - 10 years of relevant experience
Skills Required (Technical/Managerial)
- Financial Planning, Forecasting, Budgeting, Scenario Analysis, Sensitivity Analysis, Financial Statements Analysis, Competitive Analysis, Accounting, Investment knowledge, Performance Management, Variance Analysis & Insights
Other Requirements
- BS in Finance, Accounting, Economics, or any other business discipline.
- Master’s Degree is a plus
- Consulting Experience is a plus
- Professional certification such as CMA or CFA designation is a plus
- Fluent in English written and verbal. Arabic fluency is a plus.
Job Details
Preferred Candidate
Bupa Arabia
Bupa Arabia is a healthcare insurance company based in the Kingdom of Saudi Arabia. We are an associate business of Bupa Group, which is a global healthcare company with an international reach that extends across multiple business operations, practices, and resources.
Founded in October 1997, Bupa Arabia was initially established through a partnership between Bupa Global International and Nazer Group, with the key focus to provide health insurance services with high quality and competitive prices, while ensuring a distinctive experience for customers. Bupa Arabia has since evolved into a fully Saudi-owned and operated company. Our transformation from a joint venture into a publicly traded company on the Saudi Stock Exchange occurred in 2008, as we made 40% of our shares available to the public during our Initial Public Offering (IPO).
As a subsidiary of the global Bupa Group, we draw upon international expertise while maintaining a profound understanding of local healthcare requirements and regulations. This allows us to offer comprehensive healthcare insurance solutions tailored to the unique needs of the Saudi Arabian market.
Bupa Arabia prides itself on its commitment to the wellbeing and development of its employees, providing them with the same standard of care, support, and professionalism that it expects to be delivered to its customers.
Our core values shape every aspect of our work and culture:
Commit – Own it with accountability and urgency.
Collaborate – Win together through cross-functional synergy.
Care – Put people first, both employees and customers.
