Finance Manager

Welspun Group; Dammam; On-site; SAR 180,000 - 240,000; Full time

Job summary

Welspun Group in Saudi Arabia seeks an experienced finance leader to manage end-to-end FP&A, reporting, and governance for KSA operations. You will drive budgeting, forecasting, and financial planning while overseeing outsourced accounting and ensuring compliance.

You will partner with operations, procurement, and commercial teams, develop models, monitor cash flow, and support strategic initiatives with rigorous analysis. IFRS knowledge and strong Excel/SAP skills are essential.

Qualifications

• Qualified CA or CMA preferred with professional certification.
• 5–8 years in FP&A, finance controllership, or corporate finance.
• Manufacturing or industrial sector experience preferred.
• Strong IFRS, financial controls, budgeting, and reporting knowledge.
• Experience coordinating with shared service centers desirable.
• Advanced Excel and PowerPoint; SAP experience preferred.
• Excellent analytical, communication, and stakeholder management skills.
• Ability to work independently in a fast-paced manufacturing environment.

Responsibilities

• Lead annual budgeting, quarterly forecasting, and long-term planning.
• Prepare monthly management accounts, variance analysis, and performance reviews.
• Develop financial models to support decisions.
• Monitor KPIs, working capital, cash flow, profitability, and capex.
• Prepare Board Packs and CEO decks; deliver MIS and dashboards.
• Support reviews with insights and recommendations.
• Oversee outsourced accounting activities and ensure timely closing.
• Review month-end/year-end close, reconciliations, and reporting.
• Ensure compliance with policies, controls, and group timelines.
• Drive continuous improvement in finance processes and reporting quality.
• Partner with operations, procurement, commercial, and project teams on financial matters.
• Evaluate proposals, pricing, investments, and cost optimization.
• Support strategic initiatives with financial analysis and commercial evaluation.
• Coordinate audits and ensure timely closure of observations.
• Maintain local regulatory compliance and internal controls.
• Support regulatory disclosures and transfer pricing documentation.
• Coordinate with external consultants and authorities on finance matters.
• Coordinate insurance, banking relations, and liquidity management.
• Prepare finance analysis for ad-hoc projects.

Skills

Advanced Excel

PowerPoint

Stakeholder management

Financial Modeling

IFRS knowledge

Analytical thinking

Education

CA / CMA preferred

Bachelor's in Accounting/Finance

Tools

SAP

ERP systems

Job description

Purpose of the Role

Support the HOD in managing the end-to-end finance function for KSA operations by driving financial planning & analysis, management reporting, governance, statutory compliance, stakeholder coordination, and finance transformation initiatives while ensuring effective oversight of outsourced accounting operations.

Key Responsibilities

Financial Planning & Analysis

• Lead annual budgeting, quarterly forecasting, and long-term business planning.
• Prepare monthly management accounts, variance analysis, and financial performance reviews.
• Develop financial models to support strategic and operational decision-making.
• Monitor KPIs, working capital, cash flow, profitability, and capital expenditure.

Management Reporting & Board Support

• Prepare Board Packs, Management Committee presentations, and CEO review decks.
• Deliver timely MIS, business dashboards, and executive reports.
• Support business reviews with financial insights and actionable recommendations.

Finance Controllership

• Oversee outsourced accounting activities performed by the Global Capability Centre (GCC).
• Review month-end and year-end closing, balance sheet reconciliations, and financial reporting.
• Ensure compliance with accounting policies, internal controls, and group reporting timelines.
• Drive continuous improvement in finance processes and reporting quality.

Business Partnering

• Partner with operations, procurement, commercial, supply chain, and project teams on financial matters.
• Evaluate business proposals, pricing, investment decisions, and cost optimisation initiatives.
• Support strategic initiatives with financial analysis and commercial evaluation.

Governance, Compliance & Audit

• Coordinate statutory, internal, tax, and group audits and ensure timely closure of audit observations.
• Maintain compliance with local regulations, corporate governance requirements, and internal policies.
• Support implementation and monitoring of internal financial controls.

Regulatory & Corporate Reporting

• Coordinate Local Content Certification and reporting requirements.
• Manage Related Party Transaction documentation and reporting.
• Support transfer pricing documentation and regulatory disclosures.
• Coordinate with external consultants and government authorities on finance-related matters.

Treasury & Risk Management

• Coordinate insurance renewals, claims, and risk management activities.
• Support banking relationships, guarantees, letters of credit, and financing documentation.
• Monitor cash flow forecasts and liquidity requirements.

Ad-hoc Projects

• Prepare financial analysis and presentations for senior management and shareholders.
• Support ERP enhancements, finance automation, and digital reporting initiatives.
• Lead or participate in cross-functional strategic projects as assigned by the HOD.

Desired Candidate Profile

• CA / CMA preferred.
• 5–8 years of progressive experience in FP&A, finance controllership, or corporate finance.
• Manufacturing or industrial sector experience preferred.
• Strong understanding of IFRS, financial controls, budgeting, and management reporting.
• Experience coordinating with shared service centres (GCC/SSC/BPO) is desirable.
• Advanced Excel and PowerPoint skills; SAP experience preferred.
• Excellent analytical, communication, and stakeholder management skills.
• Ability to work independently in a fast-paced, greenfield manufacturing environment.