Director - Finance

The Red Sea Development Company; Riyadh; On-site; SAR 900,000 - 1,300,000; Full time

Job summary

The Red Sea Development Company is seeking a Finance Director to lead the VRS Finance function within VRS Shared Services, overseeing accounting budgeting, forecasting, and financial reporting. You will align financial strategy with Visit Red Sea objectives, ensure regulatory compliance, mentor a high-performing finance team, and partner with senior leaders to drive optimal organizational performance.

The role requires a BA in Finance/Accounting, MBA or professional certifications, and at least

Qualifications

• Bachelor's degree in Finance, Accounting, or a related field.
• MBA in Finance, Business Administration (preferred).
• Professional certification: CPA, CFA, ACCA, or CIMA (highly preferred).
• Minimum 10 years of progressive finance experience, with at least 5 years in a senior finance leadership role.
• Proven experience in a shared services, hospitality, tourism, or government-related environment is an advantage.
• Strong background in financial planning, accounting, and reporting within large-scale organizations.

Responsibilities

• Provide strategic financial leadership to senior leadership and the VRS Shared Services team.
• Oversee accounting operations, internal controls, and regulatory compliance.
• Lead the annual budgeting process and rolling forecasts with financial models.
• Ensure timely financial reporting for internal and external stakeholders.
• Mentor and develop the VRS Finance team and promote a high-performance culture.

Skills

Strategic thinking

Leadership

Analytical skills

Stakeholder management

Governance & compliance

ERP systems proficiency

Financial planning

Communication

Risk management

Vision 2030 alignment

Education

Bachelor's in Finance/Accounting

MBA preferred

CPA/CFA/ACCA/CIMA certification

Tools

SAP

Oracle

ERP platforms

Job description

The Finance Director leads the VRS Finance function within VRS Shared Services overseeing all financial operations including Accounting Budgeting amp Forecasting and Financial Reporting. This role ensures sound financial management regulatory compliance and strategic financial support to enable optimal organizational performance aligned with Visit Red Sea s long-term goals b b b.

Key Responsibilities

• Financial Leadership amp Strategy Provide strategic financial direction and insights to senior leadership and the VRS Shared Services team Align financial planning with Visit Red Sea s organizational goals and long-term strategy Act as a trusted financial advisor to the Head of VRS Shared Services and other division heads
• Accounting amp Compliance Oversee all accounting operations ensuring accuracy integrity and compliance with applicable regulations and standards Ensure timely month-end and year-end close processes Maintain internal controls and ensure adherence to financial policies and procedures
• Budgeting amp Forecasting Lead the annual budgeting process across VRS Shared Services departments Develop and manage rolling forecasts variance analyses and financial models Partner with department heads to monitor budget performance and recommend corrective actions
• Financial Reporting Oversee the preparation and delivery of accurate and timely financial reports for internal and external stakeholders Present financial results key metrics and recommendations to senior management Ensure compliance with statutory and regulatory reporting requirements
• Team Management Lead mentor and develop the VRS Finance team including Accounting Budgeting amp Forecasting and Financial Reporting sections Set clear performance objectives and conduct regular performance reviews Foster a high-performance collaborative finance culture

Bachelor s degree in Finance, Accounting, or a related field (required). Master s degree in Finance, Business Administration (MBA), or equivalent (preferred). Professional certification: CPA, CFA, ACCA, or CIMA (highly preferred). Minimum 10 years of progressive finance experience, with at least 5 years in a senior finance leadership role. Proven experience in a shared services, hospitality, tourism, or government-related environment is an advantage. Strong background in financial planning, accounting, and reporting within large-scale organizations.

Key Competencies

• Strategic thinking and financial acumen.
• Strong leadership and team development skills.
• Excellent analytical and problem-solving abilities.
• High proficiency in financial systems and ERP platforms (SAP, Oracle, or equivalent).
• Strong communication and stakeholder management skills.
• High integrity and commitment to governance and compliance.
• Ability to work in a dynamic, fast-paced environment aligned with Saudi Vision 2030 objectives.