Finance Controller Manager ( Retail )

Saudi Petroleum Services Polytechnic; Jeddah; On-site; SAR 180,000 - 240,000; Full time

Job summary

A prominent institution seeks a Financial Manager to oversee financial operations critical to retail business. The role includes managing financial planning, reporting, compliance, and cash flow management while leading a finance team. Ideal candidates will have relevant qualifications and substantial experience in the retail sector.

Qualifications

• 5-10 years of experience in financial management within the GCC.
• Proven experience in retail accounting is mandatory.
• Strong knowledge of GAAP or IFRS.

Responsibilities

• Oversee accounting operations including general ledger and payroll.
• Prepare financial statements ensuring accuracy and compliance.
• Develop and manage company budgets with variance analysis.

Skills

Financial Management

Analytical Skills

Communication Skills

Leadership Skills

Education

Bachelor's degree in Accounting, Finance, or a related field

ACCA, CA, CPA or CMA certification preferred

Tools

Financial Software

Retail-specific Accounting Software

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.