ACCOUNTING & FINANCE MANAGER

First Resort Global Recruitment; Al Jubayl; On-site; SAR 670,000 - 1,116,000; Full time

Job summary

First Resort Global Recruitment seeks a Senior Finance Manager in Saudi Arabia to lead financial reporting, budgeting, and cash flow management in line with GAAP and company policies. You will coordinate with the CFO and oversee the finance department's day-to-day operations, ensuring compliance and timely close.

The role requires a Degree in Accounting, 5+ years in a senior finance position, and CPA/CMA preferred.

Qualifications

• Degree in Accounting
• 5+ years of experience in a senior Finance or Accounting position
• CPA or CMA qualification preferred
• Saudi nationals only
• Knowledge of GAAP, budgeting, cost control, and government financial regulations
• General knowledge of ERP systems and their accounting modules

Responsibilities

• Manage and ensure accounting activities conform to GAAP and company policies
• Lead financial reporting, budgeting, and cash flow management
• Oversee daily operations of the finance department
• Prepare monthly financial reports with analysis vs Budget and KPIs
• Coordinate debt financing and external financing relations
• Ensure compliance with local, state, and federal budgetary reporting requirements
• Develop 3–10 year business plans and annual operating budget

Skills

Financial reporting

Budgeting

Cash flow management

Debt financing

Financial analysis

Cost control

ERP systems knowledge

Communication skills

Team leadership

Education

Bachelor's degree in Accounting

Tools

ERP Systems

Job description

Manage, control and ensure that company accounting activities and procedures conform to generally accepted accounting principles and comply with the approved policies and procedures of the company. Lead and coordinate all tasks and functions related to financial reporting, Budgeting, cash flow management, debt financing. Fulfill in a timely manner all financial obligation and requirement with third parties, i.e. external audit, Zakat, lenders, SIDF and other.

Reporting to: CFO.

KEY RESPONSIBILITIES

• Manage, control and ensure that company accounting activities and procedures conform to generally accepted accounting principles
• Ensure that all financial transactions are handled and processed in-line with the approved policies and procedures.
• Oversee the daily operations of the finance department
• Prepare the monthly financial reports with all needed financial and costing analysis comparing with Budget and KPIs.
• Manage the preparation of the official annual report of actual revenues, transfers, and expenses.
• Manage the preparation of financial outlooks and financial forecasts in coordination with the CFO.
• Ensure that the company are continuously keeping sufficient fund to fulfill its financial obligation by preparing monthly cash flow forecast. Monitor the actual cash flow against forecast and take the necessary measure to remedy variances.
• Direct and coordinate debt financing and debt service payments with external agencies and monitor terms, conditions and covenants and ensure compliance with the same.
• Prepare financial analysis for contract negotiations and product investment decisions.
• Ensure compliance with local, state, and federal budgetary reporting requirements.
• Lead and coordinate with all other department the preparation of annual operating budget and developing 3-10 years business plans for the company.
• Recommend benchmarks for measuring the financial and operating

ESSENTIAL REQUIREMENTS

• Degree in Accounting
• A minimum of 5 years of experience in a senior level Finance or Accounting position
• A CPA or CMA professional qualification preferred
• Candidates with experience which are privately owned (non-government) industrial or energy companies preferred
• Saudi nationals only
• Knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles
• General knowledge of ERP Systems and the relation of other modules with accounting and finance modules and the associated controls
• Knowledge of automated financial and accounting reporting systems
• Knowledge of Government financial regulations

KYE SKILLS

• Ability to analyze financial data and prepare financial reports, statements and projections
• Good knowledge in the cost accounting and financial analysis
• General knowledge of the manufacturing cost accounting, i.e. product cost, inventory, standard cost, variance analysis between actual and standard cost
• Working knowledge of short and long term budgeting and forecasting, rolling budgets, and product-line profitability analysis
• Work requires professional written and verbal communication and interpersonal skills.
• Work also requires willingness to work on multitask, long hours and under pressure so as to meet deadlines
• Ability to motivate teams to produce quality materials within tight timeframes and simultaneously manage several projects
• Ability to participate in and facilitate group meetings

About The Company

First Resort Global Recruitment delivers tailor made recruitment solutions to selected companies around the world.

First Resort Global Recruitment combines Arabic and Western Recruiters and Business experts from around the world. Everyone employed by First Resort has lived and worked in various locations around the world so we can offer the best advice to our candidates about relocating. This also means we know how to find top quality candidates that match both your location and your organisation’s cultural needs.

The result is a complementary vision to consistently fulfill the requirements for our selected clients worldwide.