Finance Manager

Key Responsibilities

• Lead end-to-end financial accounting and reporting operations.
• Prepare and review financial statements, monthly management reports, and annual budgets.
• Oversee general ledger activities, ensuring accuracy and compliance with accounting standards.
• Manage month-end and year-end closing processes, ensuring timely and accurate reporting.
• Drive improvements in reporting timelines and efficiency (e.g., reducing reporting cycle).
• Implement and maintain internal controls to safeguard company assets and ensure compliance.
• Oversee fixed assets accounting, including capitalization, depreciation, and asset verification.
• Manage payroll accounting and ensure accurate cost allocation.
• Ensure proper management of sub-ledgers (AR, AP, Cash Management, Purchasing).
• Lead VAT implementation and compliance, including submissions to ZATCA.
• Manage Zakat and corporate income tax filings, ensuring compliance and tax optimization.
• Ensure full compliance with SOCPA and IFRS standards, including transition and reporting alignment.
• Coordinate with external and internal auditors, ensuring clean audit outcomes.
• Develop financial models and cash flow forecasts to maintain liquidity, support planning, and meet lender reporting and covenant requirements.
• Identify cost-saving opportunities and revenue enhancement initiatives to improve profitability.
• Manage relationships with banks and financial institutions.
• Oversee utilization of credit lines, ensuring optimal funding structure and cost of capital.
• Monitor compliance with loan covenants and reporting requirements, ensuring timely submissions to lenders.
• Prepare and present financial information required by lenders (e.g., cash flow forecasts, financial ratios, covenant reports).
• Evaluate financing options to support business expansion and liquidity needs.
• Coordinate with lenders on working capital facilities, guarantees, and trade finance instruments.
• Maintain accurate records of all financing agreements and ensure proper accounting treatment in line with IFRS.

Key Achievements (Preferred Candidate Profile)

• Proven ability to shorten reporting cycles and improve efficiency.
• Track record of clean audit reports (internal & external).
• Experience in profitability improvement initiatives.
• Hands-on experience in VAT, Zakat, and tax compliance in KSA.

Qualifications & Experience

• Bachelor's degree in Accounting, Finance, or related field.
• Professional certification preferred (e.g., CPA, SOCPA, ACCA).
• Minimum 8 years of experience in financial accounting, with at least 3–5 years in a managerial role.
• Strong experience in IFRS and SOCPA frameworks.

Skills & Competencies

• Strong leadership and team management skills.
• Advanced financial reporting and analytical skills.
• High attention to detail and accuracy.
• Strong knowledge of tax regulations (VAT, Zakat).
• Ability to work under pressure and meet tight deadlines.