Finance Manager

Red Sea Global; Al Wajh; On-site; SAR 150,000 - 200,000; Full time

Job summary

A premier yachting destination in Saudi Arabia is seeking a Finance Operations Lead. This role involves leading the finance operations team, ensuring accurate financial transaction booking, and managing treasury operations. Ideal candidates will have a strong background in accounting, with a minimum of 10 years of experience, including 2 years in a leadership position. The position emphasizes compliance with fiscal regulations in KSA and offers an exciting opportunity in a dynamic environment.

Qualifications

• Minimum of 10 years of experience in finance roles, with 2 years in mid-level leadership.
• Background in Accounting, Reporting, and Treasury management.
• Knowledge of IFRS and financial controls.

Responsibilities

• Lead finance operations team managing financial transactions and treasury.
• Control and optimize cash flows to ensure liquidity.
• Support in fiscal compliance in KSA including VAT and Zakat.
• Manage relationships with banking partners and auditors.

Skills

Data and Analytical Skills

Excel

Presentation Skills

Communication Skills

Attention to Detail

Education

Bachelor of Accounting

CA, CMA, SCOBA (preferred)

Tools

Financial Reporting Standards (IFRS)

Job description

Join us as we shape a world-class yachting destination on the Red Sea.

At Amaala Yacht Club, our vision is bold: to be recognized as the unrivaled yacht club on the Red Sea coast — a destination that not only celebrates the spirit of yachting and water-based pursuits but also fosters a shared commitment to ocean health and exceptional experiences.

Set against the serene beauty of Triple Bay Marina, Amaala Yacht Club offers a modern take on luxury yachting along Saudi Arabia’s unspoiled northwest coast. This premier destination isn't just a marina—it's a lifestyle.

Home to a state-of-the‑art marina—including space for superyachts up to 130 meters—and a dynamic Marina Village, it’s a seamless blend of luxury, leisure, and vibrant coastal culture. Here, every detail is designed to elevate your experience, both on land and at sea.

Developed by Red Sea Global (RSG) in alignment with Vision 2030, AMAALA places Saudi Arabia at the heart of the global yachting scene. And with the honor of hosting the Grand Finale of The Ocean Race in 2027, the world will soon set its sights on this extraordinary destination.

If you’re someone who brings heart, high standards, and a love for the sea, we’d love to hear from you.

Be part of something unique. Help us define the future of yachting in one of the most breathtaking locations on Earth.

Job Purpose

• Leads the finance operations team which manages and ensures accurate booking of all financial transactions and execution of all treasury operations as well as employee payroll and other disbursements across the Group, in line with commercial obligations, budgetary ownership, internal policies/controls and IFRS.
• Controls, analyzes and optimizes the Group operating and financing cashflows and utilization of bank facilities through regular cash flow planning and forecasting with the DOF to ensure liquidity is always adequate and at the right cost to support the Group’s current and future needs.
• Responsible for Group compliance on fiscal matters in KSA (VAT, Zakat).
• Supports the Group FC and CFO with monthly & statutory reporting key procedures and the statutory audit (and annual budget where required).
• Key external relationships with the Group’s banking partners, statutory auditors, credit insurers & tax advisory.

Job Responsibilities

• Booking and recording of all financial transactions in line with budgetary ownership by entity and BU, internal policies, and controls and IFRS.
• Execution of all treasury operations (payables, collections, credit control & insurance, documentary credit, financial guarantees and other instruments, bank funding, cash management & pooling) in support of all departments / entities requirements and to fulfil the Group’s commercial and funding obligations.
• Monthly cash flow planning and forecasting to ensure liquidity is always adequate and at the right cost to support the Group’s current and future needs.
• Actively manages and services bank debt / funding portfolio through review, forecasting and planning of operating & financing cash flows and tracking KPI performance vs. covenants.
• Supports the GM & Corporate Commercial Finance team, to develop the funding strategy and capital structure and to secure the right bank facilities to optimize financing costs.
• Preparation of periodical reporting to Asset management and RSG corporate team.
• Preparation of KSA fiscal reporting & regulatory compliance.
• Leading and developing the Accounting team.
• Supports HR & serves Group employees with the review and disbursement of the monthly payroll, business expenses and other reward mechanisms.
• Helping Corporate Commercial Finance & IT implement various setups of Financial and Operational systems and other integrations.
• Implementation monitoring and reconciliation of data from Various software’s.
• To assist all the activities driven by Corporate Commercial Finance.

Policies, Systems, Processes, Procedures, Standards and Reports

• Follow all relevant functional policies, processes, standard operating procedures, and instructions to ensure that work is carried out in a controlled and consistent manner.
• Assist in the preparation of accurate and timely functional MIS statements and reports to meet corporate and functional requirements, policies, and standards.

Continuous Improvement

• Contribute to the identification of opportunities for continuous improvement of the department’s systems, processes and practices considering ‘international best practice’, improvement of business processes, cost reduction and productivity improvement.

Job Requirements

Qualification and Experience:

• Bachelor of Accounting from IFAC accredited institution, in Accounting, Finance or any related field.
• Certification (CA, CMA, SCOBA) is preferred.
• Minimum of 10 years of experience and 2 years in mid-level finance leadership role.
• Background in Accounting & Reporting, Accounting Ops & Treasury management, Business Controls.
• Financial reporting, controlling, Treasury management (AR, AP).
• Knowledge of IFRS (National Financial reporting standards) is preferred.

Skills:

• Excellent Data and Analytical Skills.
• Excellent with excel.
• Strong Presentation & Communication Skills.
• Interpersonal and communication skills with the ability to interact with various management levels.
• Superior attention to detail and ability to successfully handle multiple competing priorities while maintaining a view of the big picture.
• Ability to analyzing, interpret and scrutiny of financial information.

Job Context

• The Amaala Yacht Club aims to be recognized as the unrivalled yacht club on the Red Sea coast attracting, encouraging and involving members and visitors to Amaala in the enjoyment of yachting and other water-based pursuits and a shared commitment to ocean health.

For more information about Red Sea Global, visit:

• Website: https://www.redseaglobal.com/en
• YouTube: https://www.youtube.com/watch?v=6ySGZwubomw
• X (formerly Twitter): https://x.com/RedSeaGlobal