Finance Controller Manager ( Retail )

BinDawood Holding; Jeddah; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading retail company in Saudi Arabia is seeking a Financial Manager to oversee financial operations, including planning, reporting, and compliance. The role requires strong financial leadership and proven experience in the retail sector. Candidates should have a Bachelor's degree in finance or accounting, along with relevant professional certifications. This position offers the opportunity to contribute to strategic financial planning and team leadership.

Qualifications

• 5-10 years of experience in related field, preferably within GCC.
• Experience working in a large retail company in a similar role is mandatory.
• Strong knowledge of financial regulations and accounting standards (GAAP or IFRS).

Responsibilities

• Oversee all accounting operations including general ledger, accounts payable, and payroll.
• Prepare and analyze financial statements, ensuring compliance with accounting standards.
• Develop and manage the company's budget and monitor cash flow.

Skills

Financial Management

Analytical Skills

Communication

Leadership

Proficiency in Financial Software

Education

Bachelor's degree in Accounting, Finance or related field

ACCA, CA, CPA or CMA certification

Tools

Retail-specific accounting software (e.g., Yardi, MRI)

Job description

Job Summary:

To manage the financial operations of the retail business. This role is critical in overseeing financial planning, investment analysis, compliance, and reporting for property acquisitions, developments, and portfolio management.

Key Duties & Responsibilities:

Financial Management:

• Oversee all accounting operations, including general ledger, accounts payable, accounts receivable, and payroll.

• Financial Reporting:

• Prepare and analyze monthly, quarterly, and annual financial statements, ensuring accuracy and compliance with relevant accounting standards and regulations specific to the retail industry.

Budgeting and Forecasting:

• Develop and manage the company's budget, providing regular variance analysis and forecasting future financial performance. This includes retail-level budgets and consolidated company financials.

• Cash Flow Management:

• Monitor and manage cash flow, ensuring sufficient liquidity to meet obligations and optimize financial health of the company and its properties.

Compliance:

• Ensure compliance with all relevant financial regulations, including tax laws and retail -specific reporting requirements. This includes coordinating with external auditors and regulatory bodies.

• Internal Controls:

• Develop and implement robust internal control systems to safeguard company assets and ensure the integrity of financial data.

Strategic Financial Planning:

• Contribute to strategic financial planning, providing insights and recommendations to support business growth and profitability within the retail market. This includes evaluating potential investments, acquisitions, and development projects.

• Understand and address the unique financial aspects of retail , such as load factor, profitability, cost per seat, revenue per seat and net profit margin

Team Leadership:

• Supervise and mentor the finance team, fostering a culture of collaboration and professional development.

• Stakeholder Communication:

• Effectively communicate financial information to various stakeholders, including senior management, investors, and other relevant parties.

Skills

Job Specifications

Minimum Job Qualifications Requirement (Academic, training, languages, etc.)

• Bachelor's degree in Accounting, Finance, or a related field.
• ACCA, CA, CPA or CMA certification preferred.
• Experience of working in a large retailcompany in a similar role is mandatory

Minimum Work Experience:

·5-10 years of experience in related field, preferably within GCC

Skills & Specifications

• Proven experience in financial management and accounting, particularly within the retail industry.
• Strong knowledge of financial regulations, accounting standards (GAAP or IFRS), and tax laws relevant to retail.
• Excellent analytical, communication, and leadership skills.
• Proficiency in financial software and reporting systems.
• Experience with retail -specific accounting software (e.g., Yardi, MRI) is a plus.