Finance Manager

Deka Minas (Pty) Ltd; Al Khobar; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading financial services firm in Saudi Arabia is seeking a Finance Manager to oversee its Agri Business Divisions. The role involves managing financial operations, ensuring compliance with local regulations, and leading financial reporting and budgeting activities. The ideal candidate will have a minimum of 12 years' experience in finance, with at least 5 years in a managerial role. Strong leadership and expertise in financial controls are essential. This position is based in Al Khobar, Saudi Arabia.

Qualifications

• A minimum of 12 years' total experience in finance.
• At least 5 years' experience in a managerial role leading finance teams.
• Strong expertise in financial reporting, taxation, budgeting, compliance, and financial controls.

Responsibilities

• Lead and manage the financial operations of the Agri Business Divisions.
• Prepare and review financial statements in compliance with GAAP and IFRS.
• Lead annual budgeting and forecasting processes.
• Ensure compliance with accounting standards and local tax regulations.
• Monitor and manage cash flow and liquidity.

Skills

Financial reporting

Budgeting

Financial analysis

Tax compliance

Team leadership

Education

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

Professional certifications (ACA, ACCA, CPA, or CIMA)

Job description

Please note this position is based in Saudi Arabia. Preferred Candidate to be currently in Saudi Arabia.

The Finance Manager will lead and manage the financial operations of the Agri Business Divisions. This role is responsible for ensuring accurate financial reporting, effective budgeting and forecasting, regulatory compliance, and strategic financial support in line with company policies and local regulatory requirements. The Finance Manager will provide meaningful financial insights, maintain strong financial controls, manage cash flow, and guide the finance team to support sustainable business growth and long-term financial stability.

Financial Reporting & Analysis

• Prepare and review monthly, quarterly, and annual financial statements in compliance with GAAP and IFRS standards.
• Analyse financial performance, identifying trends, variances, risks, and improvement opportunities.
• Provide timely and accurate financial reports to senior management, including actionable insights and recommendations to enhance profitability and efficiency.
• Develop and maintain financial dashboards and KPIs to monitor ongoing business performance.

Financial Planning & Strategy

• Lead annual budgeting, forecasting, and long-term financial planning processes.
• Develop financial models and conduct scenario and sensitivity analyses to support strategic decision-making.
• Provide financial input for investment decisions, cost-reduction initiatives, pricing strategies, and capital expenditure planning.
• Partner with senior leadership to align financial objectives with the overall business strategy and growth plans.

Accounting & Compliance

• Ensure compliance with accounting standards, internal controls, and local tax regulations, including Zakat, VAT, and Withholding Tax (WHT).
• Oversee general ledger accounting, month-end close processes, and accuracy of financial records.
• Manage tax planning, preparation of tax returns, and coordination with external tax advisors.
• Lead internal and external audit processes and ensure full audit readiness.
• Enforce financial discipline and compliance across all business units.

Cash Flow & Treasury Management

• Monitor and manage cash flow, working capital, and overall liquidity.
• Oversee banking relationships, treasury activities, and payment cycles.
• Implement strategies to optimise cash utilisation and mitigate financial risk.

Financial Controls & Process Improvement

• Strengthen internal financial controls, governance frameworks, and standard operating procedures (SOPs).
• Drive process improvements to enhance accuracy, efficiency, transparency, and reporting quality.
• Ensure robust risk management and internal audit compliance.

Team Leadership & Development

• Lead, mentor, and develop the finance team to ensure high performance and professional growth.
• Allocate responsibilities effectively, monitor workload, and ensure timely delivery of financial outputs.
• Foster a culture of accountability, continuous improvement, and financial excellence.

Requirements

Educational & Professional Qualifications

• Bachelor’s or Master’s degree in Finance, Accounting, or a related field.
• Professional certifications highly preferred: ACA, ACCA, CPA, or CIMA.

Experience

• Minimum of 12 years’ total experience in finance.
• At least 5 years’ experience in a managerial role leading finance teams.
• Prior experience in Agri-business, Manufacturing, FMCG, or a multi-division business environment is preferred.
• Strong expertise in financial reporting, taxation, budgeting, compliance, and financial controls.