Finance Manager

Hanwha Power Systems Industrial Company; Dammam; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading industrial company in Dammam seeks a Finance Manager to oversee their financial operations. Responsibilities include managing compliance with IFRS and Saudi regulations, preparing financial statements, and leading VAT compliance efforts. The ideal candidate has a minimum of 5 years of finance experience, including several years in Saudi Arabia. Strong proficiency in ERP systems and audit leadership is required.

Qualifications

• Minimum 5 years of progressive finance/accounting experience, including 3–5 years in Saudi Arabia.
• Proven experience in managing full financial operations of a legal entity.
• Deep knowledge of IFRS and ZATCA requirements.

Responsibilities

• Lead and manage overall financial operations of HPSIC in compliance with IFRS and Saudi regulations.
• Preparation and presentation of monthly financial statements to HQ.
• Oversee compliance with IFRS for monthly journals and financial packages.

Skills

Financial operations management

IFRS compliance

ERP systems

VAT and Corporate Tax compliance

Audit leadership

Job description

Responsibilities

• Lead and manage overall financial operations of HPSIC in compliance with IFRS and Saudi regulations.
• Preparation and presentation of monthly, quarterly, and annual financial statements to HQ.
• Supervise verification and posting of sales, receivables, and payables transactions.
• Manage monthly reconciliation of financial statements between HPSIC and HQ.
• Oversee compliance with IFRS for monthly journals, trial balance, and consolidated financial packages.
• Ensure accurate and timely reporting of Balance Sheet, Income Statement, Cash Flow, and Equity Statements.
• Manage depreciation of assets, prepaid transactions, accruals, and bookkeeping accuracy.
• Establish and lead ERP system implementation (Finance, Service, Manufacturing, WIP, Inventory modules).
• Lead VAT & Corporate Tax (CT) compliance under ZATCA; supervise CT filing, Connected Person (CP) filing, and Related Party filing.
• Drive Transfer Pricing Policy setup and intercompany cost allocation between HPSIC and HQ.
• Coordinate and manage annual Financial Audit with external auditors.
• Respond to tax investigations and government inquiries when required.
• Set up and monitor internal financial controls, policies, and procedures.
• Provide strategic analysis and business reports:
• P&L, Trial Balance, Cash Flow, Inventory Reports
• Ratio Analysis, Capital Budgeting, Breakeven, IRR/NPV Analysis
• Working Capital & Capital Performance reports
• Staff Benefits & Indemnity calculations
• Cost restructuring and efficiency analysis
• Oversee payroll processing, ensuring compliance with WPS and GOSI, including EOSB calculations.
• Support procurement and contract review to ensure financial compliance and cost optimization.

Qualifications

• Minimum 5 years of progressive finance/accounting experience, including at least 3–5 years in Saudi Arabia.
• Proven experience in managing full financial operations of a legal entity.
• Deep knowledge of IFRS and ZATCA requirements (VAT, CT, Transfer Pricing, Related Party Filing).
• Strong experience with ERP systems (implementation & operation).
• Audit leadership
• Experience in multinational/multi-entity reporting and consolidation.
• Track record of managing banking, treasury, and cash flow.