Finance Manager

KAFAAT Recruitment; As Sudiyah; On-site; OMR 28,000 - 50,000; Full time

Job summary

KAFAAT Recruitment is seeking an experienced Finance Manager to oversee the financial operations of a real estate company, including budgeting, reporting, cash flow management, and internal controls. The role covers property development, property management, real estate investments, and leasing activities with IFRS and regulatory compliance.

Responsibilities include managing budgets, forecasts, monthly/quarterly/annual statements, and coordinating with banks, auditors, and tax advisors while

Qualifications

• Bachelor's degree in finance or accounting or related field.
• Professional certifications such as CPA, CMA, ACCA, or CFA are preferred.
• 7–10 years in finance and accounting, real estate experience preferred.
• At least 3 years in a finance leadership or managerial role.
• Strong knowledge of financial reporting, budgeting, forecasting, cash flow management, and analysis.
• Experience in real estate project costing, profitability, and ROI analysis.
• Proficiency in Excel and ERP/accounting systems.
• Experience leading finance teams and presenting insights to senior management.

Responsibilities

• Oversee the company's financial operations, accounting activities, and internal financial controls.
• Develop and manage annual budgets, forecasts, and long-term financial plans.
• Prepare and analyze monthly, quarterly, and annual financial statements and reports.
• Monitor cash flow, working capital, liquidity, and commitments.
• Manage project budgets, cost control, profitability analysis, and financial performance for real estate developments.
• Monitor rental income, lease receivables, collection performance, operating expenses, and property profitability.
• Oversee accounts payable/receivable, GL, bank reconciliations, and month-end close.
• Evaluate real estate investments, project feasibility, ROI, and financial risks.
• Coordinate with banks, auditors, tax consultants, and external stakeholders.
• Ensure IFRS, Zakat, Tax, VAT, and other regulations compliance.
• Establish and improve financial policies, reporting systems, and internal controls.
• Support management in strategic decision-making, investment planning, and financing.
• Supervise and develop the finance and accounting team.

Skills

Financial reporting

Budgeting

Forecasting

Cash flow management

Financial analysis

ERP systems

Leadership

Real estate finance

Education

Bachelor's degree in Finance/Accounting or related field

CPA / CMA / ACCA / CFA (preferred)

Tools

MS Excel

ERP accounting systems

Job description

Job Summary:

One of our clients are seeking an experienced Finance Manager to oversee the financial operations of a real estate company, ensuring effective financial planning, budgeting, reporting, cash flow management, and financial control. The successful candidate will be responsible for managing financial performance across property development, property management, real estate investments, and leasing activities, while ensuring compliance with applicable accounting standards.

Key Responsibilities:

• Oversee the company's financial operations, accounting activities, and internal financial controls.
• Develop and manage annual budgets, financial forecasts, and long-term financial plans.
• Prepare and analyze monthly, quarterly, and annual financial statements and management reports.
• Monitor cash flow, working capital, liquidity, and financial commitments.
• Manage project budgets, cost control, profitability analysis, and financial performance for real estate developments.
• Monitor rental income, lease receivables, collection performance, operating expenses, and property-level profitability.
• Oversee accounts payable, accounts receivable, general ledger, bank reconciliations, and month-end closing.
• Evaluate real estate investments, project feasibility, return on investment (ROI), and financial risks.
• Coordinate with banks, financial institutions, auditors, tax consultants, and other external stakeholders.
• Ensure compliance with applicable IFRS requirements, Zakat, Tax and Customs Authority (ZATCA) regulations, VAT, and other relevant Saudi financial regulations.
• Establish and improve financial policies, procedures, reporting systems, and internal control processes.
• Support management in strategic decision-making, investment planning, financing arrangements, and business expansion.
• Supervise, develop, and evaluate the performance of the finance and accounting team.

Qualifications:

• Bachelor's degree in Finance, Accounting, or a related field.
• Professional certifications such as CPA, CMA, ACCA, or CFA are preferred, depending on the candidate's background.
• Minimum 7–10 years of progressive experience in finance and accounting, preferably within the real estate, property development, property management, or investment sectors.
• At least 3 years of experience in a finance leadership or managerial position.
• Strong knowledge of financial reporting, budgeting, forecasting, cash flow management, and financial analysis.
• Experience in real estate project costing, property profitability, rental income, and investment feasibility.
• Proficiency in Microsoft Excel and ERP/accounting systems.
• Proven experience in leading finance teams and presenting financial insights to senior management.