Finance Manager

Finance Manager - Saudi Arabia

We are seeking a seasoned and commercially astute Finance Manager to spearhead our finance function in Saudi Arabia. The successful candidate will serve as a strategic finance partner to senior management and project teams, ensuring robust financial governance, accurate reporting, effective project accounting, regulatory compliance, and sustainable business performance.

Key Responsibilities:

• Financial Planning and Business Performance: Lead annual budgeting, forecasting, and financial planning processes. Prepare rolling forecasts, financial models, cash-flow projections, and management performance reports. Monitor performance against budgets and forecasts, investigate variances, and recommend corrective actions. Provide timely financial insights to support strategic and operational decision-making. Develop and monitor financial KPIs across business units and projects.
• Project Accounting and Commercial Finance: Lead financial management and accounting of multiple projects throughout their lifecycle. Establish project budgets, financial baselines, cost codes, and reporting structures. Monitor project revenue, costs, commitments, accruals, work in progress, billing, collections, and cash flow. Review project margins, cost-to-complete forecasts, profitability, and financial risks. Ensure accurate recognition of project revenue and costs. Partner with project teams to improve performance and protect profitability. Review contracts, payment terms, and commercial obligations to identify financial exposure and cash-flow risks. Support project closeout and financial performance evaluation.
• Accounting and Financial Reporting: Oversee general ledger, accounts payable, accounts receivable, fixed assets, cash management, and banking activities. Manage month-end and year-end closing processes. Prepare accurate monthly, quarterly, and annual financial statements and management reports. Ensure financial records comply with company policies. Support group consolidation requirements and provide financial information to corporate management.
• Treasury and Working Capital: Manage cash-flow forecasting and monitor liquidity requirements. Improve working-capital performance through effective management of receivables, payables, billing, and collections. Maintain professional relationships with banks and financial institutions. Monitor customer collections and support overdue account resolution.
• Compliance, Audit and Internal Controls: Ensure compliance with Saudi financial, tax, zakat, VAT, withholding-tax, and electronic-invoicing requirements. Coordinate external and internal audits. Develop and maintain effective financial policies, procedures, approval controls, and delegated-authority processes. Identify financial-control weaknesses and implement corrective actions.
• Systems and Process Improvement: Ensure effective use and integrity of the company’s financial ERP system. Recommend system enhancements, automation opportunities, and process improvements. Strengthen financial reporting, data accuracy, controls, and management visibility. Work closely with relevant departments to improve finance-related workflows and reporting.
• Team Leadership: Lead, coach, and develop the Finance Department team. Foster a culture of continuous improvement and high performance.