Role Purpose | The Business Planning Manager will be responsible for overseeing all financial planning, analysis, budgeting, and business strategy development for Tiran and Al Farshah Islands. This role will involve partnering closely with cross-functional teams, providing decision support to senior management, and ensuring alignment between financial performance and the overarching business objectives. The Business Planning Manager will be a key driver in guiding financial strategy and ensuring both islands deliver on their long-term business plans while adhering to NEOM’s policies and procedures. |
| - Lead the financial planning and analysis function for Tiran and Al Farshah Islands, providing detailed financial forecasts, budgets, and variance analysis.
- Assist on financial models to support decision-making, capital allocation, and long-term financial planning.
- Provide strategic financial insights to senior management to drive decision-making and ensure alignment with overall NEOM financial goals.
- Prepare and present detailed financial reports and presentations to leadership, and stakeholders.
- Participate in the development and execution of both islands' business plans, ensuring
alignment with NEOM’s overall strategic vision and objectives. - Collaborate with cross-functional teams (development, operations, procurement, legal, and commercial) to ensure that financial plans are fully integrated into the operational and strategic plans for Tiran and Al Farshah Islands.
- Analyse business performance, identify risks and opportunities, and develop strategies to mitigate risks while optimizing financial performance.
- Assist in scenario planning, sensitivity analysis, and risk assessments to assess various strategic options and business scenarios.
- Manage the annual budgeting process, including consolidation of inputs from all functional departments, and oversee rolling and mid-year re-forecasting.
- Ensure all budgets and forecasts are in line with strategic objectives and project timelines for both islands.
- Track budget performance and identify areas of concern or overspend, offering solutions to address financial variances.
- Overseeing PR and PO tracking and commitment clean up exercises.
- Provide accurate and timely financial reports to NEOM’s leadership team.
- Ensure transparency and accountability by providing clear and comprehensive financial information on the islands' financial status, operational performance, and future projections.
- Serve as the primary point of contact for finance-related matters with NEOM’s central finance,
procurement, and strategic planning teams. - Oversee and monitor all CapEx and OpEx spend for Tiran and Al Farshah Islands, ensuring that all expenditures are aligned with the approved budget.
- Work closely with development teams to ensure that project costs are tracked, managed, and optimized.
- Manage the month-end process for all sector relating accounting tasks both Opex and Capex, ensuring adequate supporting documents are archived and due diligence is carried out.
- Ensure full compliance with NEOM’s financial policies, guidelines, and reporting standards.
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