Business Analyst - Costing & Margin Optimization

Atco group

Posted 30+ days ago

Experience

3 - 8 Years

Job Location

Eastern Province - Saudi Arabia

Education

Bachelor of Commerce(Commerce), Bachelor of Business Administration(Management)

Nationality

Any Nationality

Gender

Not Mentioned

Vacancy

1 Vacancy

Job Description

Roles & Responsibilities

1. Mechanism Design & Development:

  • Design and document the end-to-end process for tracking work order financials (costing, margins, consumptions, spending).
  • Develop standardized reporting templates, dashboards, and key performance indicators (KPIs) to monitor performance at each stage of the work order lifecycle.
  • Identify and map data sources from various systems (ERP, CRM, time-tracking, procurement) to create a single source of truth.
  • Propose and implement automated data collection and validation processes to ensure data integrity.

2. Data Analysis & Insight Generation:

  • Conduct deep-dive analysis to compare quoted costs and margins against actuals, identifying and investigating variances.
  • Analyze consumption rates (materials, labor hours) and spending patterns to identify trends, inefficiencies, and areas for cost savings.
  • Perform root cause analysis on margin erosion, providing clear explanations for deviations.
  • Develop predictive models to forecast final margins and flag "at-risk" work orders proactively.

3. Process Improvement & Stakeholder Management:

  • Collaborate with the Sales and Quotations team to ensure cost estimates are accurate and reflective of current operational realities.
  • Work with Project Managers and Operations teams to understand consumption variances and implement corrective actions.
  • Partner with the Finance department to ensure the mechanism aligns with general ledger accounts and financial reporting requirements.
  • Facilitate regular review meetings with stakeholders to present findings, insights, and recommendations.

4. System & Tool Enhancement:

  • Act as a key user for the company's ERP system (e.g., SAP, Microsoft Dynamics) regarding work order and project accounting modules.
  • Identify and recommend system enhancements or new tools to improve the efficiency and accuracy of the costing mechanism.
  • Lead or contribute to the implementation of relevant business intelligence (BI) tools.

Desired Candidate Profile

Required Qualifications & Experience

  • Bachelor's degree in Business Administration, Finance, Accounting, Economics, or a related field.
  • Proven experience (3-5 years) as a Business Analyst, Cost Analyst, or Financial Analyst in a project-based or manufacturing environment.
  • Demonstrable experience in developing and implementing costing, margin analysis, or financial tracking frameworks.
  • Strong proficiency in data analysis and visualization tools and advanced skills in Microsoft Excel (pivot tables, complex formulas, Power Query).
  • Solid understanding of ERP systems and their project accounting/costing modules.
  • Excellent understanding of financial concepts: standard costing, variance analysis, gross margin, and overhead allocation.

Preferred Qualifications

  • Experience in Electrical System Manufacturing, (e.g., custom manufacturing, system integration, professional services).
  • Certification such as CBAP (Certified Business Analysis Professional), PMI-PBA, or similar.
  • Knowledge of ERP/SQL for data extraction and manipulation.
  • Experience with process mapping and improvement methodologies (e.g. Lean, Six Sigma).

Key Competencies & Personal Attributes

  • Analytical Mindset: Exceptional problem-solving skills with the ability to analyze complex data and translate it into clear, actionable insights.
  • Process-Oriented: A natural inclination to create structure, standardize processes, and implement systematic solutions.
  • Detail-Oriented: Meticulous attention to detail and a commitment to data accuracy.
  • Proactive & Inquisitive: Doesn't just report the numbers; actively seeks to understand the "why" behind the trends.
  • Influential Communicator: Excellent verbal and written communication skills, with the ability to present financial information effectively to non-financial stakeholders.
  • Collaborative Team Player: Ability to build strong relationships and work effectively across different departments.

Company Industry

  • General Trading
  • Export
  • Import

Department / Functional Area

  • Finance
  • Treasury

Keywords

  • Business Analyst - Costing & Margin Optimization

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Atco group

https://www.atcogroup.com/jobs/business-analyst

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