About the Role
The company is seeking an experienced Finance Manager to lead finance and accounting operations in KSA, ensuring accurate reporting, compliance, budgeting, treasury management, and business support.
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Financial Management and Reporting
- Prepare and review monthly, quarterly, and annual financial statements.
- Ensure monthly financial reports are finalized and submitted within 15 working days following the end of each month.
- Ensure accurate and timely financial reporting in accordance with applicable accounting standards.
- Monitor financial performance and provide variance analysis against budgets and forecasts.
- Develop management reports and dashboards to support decision-making.
- Maintain a clean and fully reconciled trial balance at all times, ensuring that all balance sheet and profit and loss accounts are supported by accurate reconciliations, schedules, and detailed account breakdowns.
- Oversee general ledger activities, reconciliations, and month-end and year-end closing processes.
- Reconcile intercompany accounts and confirm balances before monthly P&L reporting.
- Add clear and accurate comments to the P&L.
- Ensure monthly revenue is fully reconciled with operational and business transaction data prior to reporting, with all variances investigated and resolved.
- Maintain documented monthly revenue reconciliations between financial records and operational systems, ensuring zero unexplained differences.
- Validate and approve monthly revenue reports only after reconciliation with operational data and supporting metrics.
- Ensure all expenses are recognized in the correct accounting period by recording accruals for goods and services received but not yet invoiced, in accordance with applicable accounting standards and company policies.
Budgeting and Forecasting
- Lead the annual budgeting process across departments.
- Monitor budget utilization and recommend corrective actions where necessary.
- Analyze financial trends and identify opportunities for cost optimization.
- Perform detailed monthly variance analysis during the reporting cycle for all significant budget versus actual deviations, identifying root causes and providing clear explanations and corrective action recommendations.
Cash Flow and Treasury Management
- Monitor cash flow requirements and liquidity position.
- Manage banking relationships and financing arrangements.
- Optimize working capital, including receivables, payables, and inventory management.
- Ensure effective cash management practices are maintained.
Accounting and Compliance
- Ensure compliance with financial regulations, tax laws, and company policies.
- Coordinate external audits and support internal audit activities.
- Maintain strong internal controls and risk management practices.
- Perform accurate monthly cash account reconciliations for all AR and GL accounts.
- Oversee and ensure the completion of monthly physical cash counts for all company cash holdings, including main cash safes, cash vaults, and petty cash funds, and reconcile count results with accounting records.
- Perform a quarterly physical count of company inventory in warehouses.
- Plan, coordinate and oversee the annual physical verification of all company fixed assets, ensuring asset records are accurate, complete, and reconciled with the fixed asset register.
Financial Analysis and Business Support
- Conduct profitability and cost analysis.
- Support strategic initiatives with financial modeling and business case development.
- Provide recommendations to senior management on financial performance improvements.
- Evaluate investment opportunities and capital expenditure proposals.
Qualifications
- Bachelor's degree in Accounting, Finance, or a related field.
- Minimum 7–10 years of progressive experience in finance and accounting roles.
- At least 3–5 years of relevant experience.
- Proven experience in managing finance operations within a high-volume transaction environment.
- Experience in revenue reconciliation between financial systems and operational systems is highly preferred.
- Professional accounting or finance certification is preferred.
