Finance Accounting Manager

Confidential; Riyadh; On-site; SAR 300,000 - 460,000; Full time

Job summary

Confidential in Riyadh is seeking a Finance & Accounting Manager to lead and optimize all financial operations, ensure accurate reporting, and support strategic decisions with robust controls. You will direct budgeting, cash management, investment accounting, and management reporting, while developing teams and partnering with auditors and senior management to safeguard assets.

This role requires a minimum of 10 years in finance and strong IFRS knowledge, in-depth analytical skills, and a

Qualifications

• Minimum 10 years in finance/accounting roles.
• Experience with regulatory compliance and audits.
• Strong knowledge of IFRS and corporate finance.

Responsibilities

• Oversee day-to-day finance and accounting operations.
• Manage month-, quarter-, year-end close with reconciliations.
• Prepare financial statements and management reports.
• Oversee investment accounting and cash management.
• Develop annual budgeting and forecasting processes.
• Monitor liquidity and ensure internal controls and compliance.

Skills

Financial Analysis

Budgeting & Forecasting

Cash Management

Financial Reporting

Internal Controls

Job description

The Finance & Accounting Manager is responsible for overseeing the company’s financial and accounting operations, ensuring accurate financial reporting, effective financial controls, regulatory compliance, and timely management reporting. The role supports senior management in financial planning, budgeting, investment-related accounting, cash management, and strategic financial decision-making.

Key Responsibilities

• Lead and oversee the day-to-day finance and accounting operations, ensuring accurate, timely, and complete recording of financial transactions.
• Manage the month-end, quarter-end, and year-end closing processes, ensuring accurate account reconciliations, journal entries, accruals, and financial adjustments.
• Prepare and review monthly, quarterly, and annual financial statements and management reports in accordance with applicable accounting standards and company policies.
• Oversee accounting for investment activities, including investment purchases and disposals, income recognition, valuations, fair value adjustments, and related accounting entries, as applicable to the company’s investment portfolio.
• Monitor and reconcile investment portfolios, bank accounts, cash balances, receivables, payables, and other balance sheet accounts to ensure accuracy and completeness.
• Prepare financial analysis, management reports, and financial insights to support senior management in evaluating business and investment performance.
• Develop and manage the annual budgeting and forecasting process, including preparation of financial plans, cash flow projections, and variance analysis.
• Monitor actual financial performance against approved budgets and forecasts, identify significant variances, and provide recommendations for corrective actions.
• Establish, implement, and continuously improve financial policies, accounting procedures, internal controls, and approval processes to safeguard company assets and ensure operational efficiency.
• Ensure compliance with applicable accounting standards, tax requirements, regulatory requirements, and internal financial policies.
• Coordinate with external auditors, tax advisors, investment managers, banks, regulators, and other relevant stakeholders, ensuring timely provision of required information and resolution of audit or financial matters.
• Lead the preparation of audit schedules, supporting documentation, and financial information required for internal and external audits.
• Monitor the company’s liquidity and cash position, ensuring adequate cash availability to meet operational and investment-related obligations.
• Oversee accounts payable, accounts receivable, payroll accounting, fixed assets, accruals, and other core accounting activities.
• Review and strengthen segregation of duties, authorization matrices, reconciliation processes, and other financial controls to minimize financial and operational risks.
• Support investment and management teams by providing financial analysis, due diligence support, financial models, and relevant financial information for investment-related decisions, where required.
• Ensure proper accounting documentation and audit trails are maintained for financial and investment transactions.
• Identify opportunities for finance process automation and digitalization to improve reporting accuracy, efficiency, controls, and decision-making.
• Develop and monitor Finance KPIs and performance indicators, providing regular updates to senior management.
• Lead, supervise, and develop the finance and accounting team, ensuring clear responsibilities, effective performance management, and continuous professional development.
• Provide financial guidance and support to senior management on financial performance, accounting matters, cash flow, budgeting, and other finance-related business decisions.
• Perform other finance, accounting, and investment-related responsibilities as assigned by senior management.

Requirements:

• Minimum 10 years of experience is similar fields.