Finance Manager - Saudi Nationality

Department: Finance

Reporting to: General Manager / CEO

Nationality Requirement: Saudi Only

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 Job Purpose:

To oversee and manage all financial and accounting activities of the company, ensure compliance with local regulations and accounting standards, enhance internal financial controls, and support strategic decision-making through accurate financial reporting and analysis.

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Key Responsibilities:

1.⁠ ⁠Financial Team Leadership:

• Supervise the finance team and ensure tasks are properly distributed and completed on time.

• Monitor team performance, provide guidance, and support professional development.

• Ensure timely completion of daily accounting operations.

2.⁠ ⁠Financial Reporting & Analysis:

• Prepare monthly, quarterly, and annual financial statements.

• Analyze financial data and present reports to senior management.

• Ensure financial statements comply with SOCPA standards and are accurate.

3.⁠ ⁠Budgeting & Forecasting:

• Prepare the annual budget in coordination with all departments.

• Monitor actual performance vs. budget and analyze variances.

• Recommend actions based on financial trends and projections.

4.⁠ ⁠Internal Controls & Auditing:

• Establish and maintain strong internal financial controls.

• Conduct periodic internal audits to ensure compliance with policies.

• Liaise with external auditors and prepare required documentation.

5.⁠ ⁠Cash Flow & Treasury Management:

• Monitor cash flow and ensure sufficient liquidity for operations.

• Manage banking relationships and oversee all bank transactions.

• Provide regular cash flow reports and forecasts.

6.⁠ ⁠Tax & Zakat Compliance:

• Oversee the preparation and filing of VAT and Zakat returns.

• Ensure full compliance with ZATCA regulations.

• Coordinate with tax advisors/auditors if needed.

7.⁠ ⁠Billing, Collections & Payments:

• Ensure accurate and timely invoicing to clients.

• Monitor accounts receivable and follow up on overdue payments.

• Review and approve payments to vendors and suppliers.

8.⁠ ⁠Accounting System Oversight:

• Supervise the accounting system (ERP or equivalent) and ensure accurate data entry.

• Coordinate with the IT team for system improvements or customizations.

• Ensure accounting transactions are properly recorded in the system.

9.⁠ ⁠Strategic Financial Support:

• Provide financial recommendations for projects and investments.

• Assist in preparing financial feasibility studies and growth strategies.

• Present financial insights to support executive decision-making.

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 Qualifications & Skills:

• Bachelor’s degree in Accounting or Finance (Master’s or professional certifications such as SOCPA, CMA are preferred).

• Minimum of 6 years of relevant experience, with at least 2 years in a managerial/supervisory role.

• In-depth knowledge of Saudi accounting and tax regulations.

• Strong leadership, analytical, and decision-making skills.

• Proficiency in accounting software and ERP systems.