General Manager Commercial

T&m; Saudi Arabia; On-site; SAR 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a dynamic financial leader to oversee international operations and ensure compliance with statutory regulations. This role involves managing tax assessments, optimizing cash flow, and implementing financial controls using advanced tools like SAP. You will play a crucial role in developing a strong commercial team and contribute to strategic planning initiatives. If you are passionate about driving financial excellence and fostering team growth, this opportunity is perfect for you.

Qualifications

• Expertise in financial controls and compliance across international operations.
• Strong analytical skills for budgeting and cost monitoring.

Responsibilities

• Manage direct and indirect tax assessments at overseas branches.
• Coordinate daily operations across finance, tax, legal, HR, and procurement teams.

Skills

SAP Expertise

Financial Analysis

Tax Management

Cash Flow Management

Project Management

Education

Chartered Accountant (CA)

Tools

SAP

Job description

This job description provides a comprehensive overview of key deliverables, operations, controls, team development, and qualification requirements. However, it can be improved in terms of formatting and clarity for better readability and engagement. Minor restructuring, consistent use of HTML tags, and elimination of redundant or overly detailed points will enhance its effectiveness.

Below is a refined version with improved formatting:

Key Deliverables:

• Achieve Revenue & PBT
• Reduce Working Capital of the SBU and ensure cash-positive operations
• Ensure statutory compliances in India and all overseas branches
• Manage direct and indirect tax assessments at all overseas branches
• Oversee commodity and forex management
• Support tendering processes for new business acquisition

Operations:

• Monitor Accounts Receivable to reduce DSO days
• Focus on collections to maintain positive cash flow
• Ensure adequate banking limits for bid bonds, ABGs, PBGs, and retention BGs before client due dates
• Manage timely extension and reduction of BGs and retrieval of PBGs as per contract terms
• Maintain valid PAA for BGs and ensure funds remittance to project sites as needed
• Secure project insurance policies before project start, with timely extensions and claims settlement
• Open and extend LCs to vendors to facilitate credit-based procurement
• Coordinate daily operations across finance, tax, legal, HR, procurement, insurance, internal audit, and project teams
• Ensure smooth internal and statutory audits, with corrective actions as needed
• Maintain expertise in SAP modules for project accounting and monitoring
• Manage export documentation and compliance
• Conduct region-wise monthly assessments, MIS reporting, and variance analysis
• Implement zero-based costing for projects and quarterly CTC assessments
• Collaborate with central planning on revenue and margin planning to reduce volatility
• Perform monthly and quarterly currency assessments to optimize execution plans
• Visit project sites periodically for review and assessment
• Expedite invoicing, dispatch, and bill of lading processes to reduce billing cycle time
• Monitor high-value AR and unbilled receivables
• Address long-standing issues such as VAT through monthly discussions
• Work with tendering teams to improve win ratios and optimize tender cash flows
• Develop cross-country hedging strategies to mitigate exposure
• Reduce interest and finance costs through optimized project planning and bank tie-ups
• Assess country risks and develop mitigation strategies
• Monitor PAA and BG compliance from clients and vendors
• Ensure compliance with EDPMS, EBRC, RBI regulations, and export incentives

Controls:

• Implement internal financial controls across international operations using SAP and digital tools
• Eliminate process non-compliance issues and scrutinize procurement and site expenses
• Develop detailed budgets for projects and monitor costs and overheads monthly against budgets

Team Development:

Build a strong commercial team and contribute to succession planning within the department.

Qualification:

CA