Finance Manager

Petromin Corporation; Jeddah; On-site; SAR 180,000 - 300,000; Full time

Job summary

Petromin Corporation seeks an experienced finance leader to manage end-to-end financial operations for multi-brand dealerships, including showrooms, service centers and parts branches. This role blends accounting rigor with business partnering to drive profitability across models and channels.

Responsibilities cover month-end closes, OEM reconciliations, MIS reporting, budgeting, revenue recognition and cash-flow optimization.

Qualifications

• Bachelor's degree in Accounting, Finance or a related field.
• Professional accounting qualification required (CA, ACCA, CPA or equivalent). SOCPA membership is an advantage.
• 5–7 years of progressive finance experience in automotive retail / dealership sector, multi-brand/multi-site preferred.

Responsibilities

• Direct the full accounting cycle and month-, quarter- and year-end close across all showrooms, workshops and parts branches.
• Analyse landed costs and gross margins by VIN, model and channel to protect margin.
• Control accounting for vehicle and parts inventory, VIN-level tracking and provisions for aged vehicles and obsolete parts.
• Deliver financial dashboards and track dealership KPIs to support executive decisions and forecasting.
• Partner with operations to compile budgets and forecasts, to set targets and track performance.
• Act as the primary finance contact for OEM transactions and reconciliations.
• Ensure correct revenue recognition across vehicle sales, fleet, aftersales and F&I commissions.
• Partner with Showroom and Aftersales Managers to review branch P&L and investigate variances.
• Track Letters of Credit and bank facilities with Treasury; manage receivables/payables to optimize cash flow.
• Use Autoline controls to align sub-ledgers with the general ledger and ensure VAT/compliance.

Skills

Accounting cycle & close

COGS & margin mgmt

Inventory & asset valuation

MIS & KPI reporting

Budgeting & forecasting

OEM reconciliations

Revenue recognition

Branch business partnering

Working capital & trade finance

Systems, controls & compliance

Education

Bachelor's degree in Accounting/Finance

CA/ACCA/CPA/SOCPA or equivalent

Tools

Autoline DMS

Job description

Job Summary

Leads end-to-end financial operations for the multi-brand dealerships (showrooms, service centres and parts branches), acting as the primary financial liaison with the OEMs and partnering with branch managers to drive profitability. This JD covers both the Finance Manager and Chief Accountant positions; when filled as Chief Accountant, the role focuses on the accounting duties: month-end close, revenue recognition, inventory valuation, Autoline sub-ledger reconciliation and ZATCA / VAT controls.

Key Performance Indicators / Measures:

• Month-end, quarter-end and year-end close on time and accurate
• OEM receivables (volume bonuses, holdbacks, warranty, campaign support) reconciled and collected on time
• Gross margin per unit by model and channel vs. budget
• Inventory turn and adequacy of aged vehicle and obsolete parts provisions
• Receivables days (DSO) and overdue balances
• Budget and forecast accuracy
• Audit findings closed on time and zero ZATCA / VAT penalties
• Sub-ledger to general ledger reconciliation accuracy in Autoline

The KPIs listed in this JD define what the role is measured on; specific targets and weights are set and may be adjusted annually through the performance management cycle, in agreement with the line manager.

Technical / Job-Specific Competencies

1

• Accounting Cycle & CloseDirect the full accounting cycle and month-, quarter- and year-end close across all showrooms, workshops and parts branches, to deliver accurate and timely financial statements.

2

• COGS & Margin ManagementEnsure accurate booking of landed costs (customs, port handling, freight, PDI) and analyse gross margins by VIN, model and channel (retail vs. fleet), to highlight risks and protect margin.

3

• Inventory & Asset ValuationControl accounting for vehicle and parts inventory, including VIN-level tracking, demo fleets, service loaners and provisions for aged vehicles and obsolete parts, and ensure CAPEX meets OEM Corporate Identity standards, to state assets correctly.

4

• MIS & KPI ReportingDeliver financial dashboards and track dealership KPIs (aftersales absorption, return on sales, inventory turn), to support executive decisions and forecasting.

5

• Budgeting & ForecastingPartner with operations to compile budgets and forecasts, to set realistic targets and track performance against them.

6

• OEM ReconciliationsAct as the primary finance contact for OEM transactions, reconciling statements, volume bonuses, holdbacks, warranty claims and campaign support, to recover all amounts due.

7

• Revenue RecognitionEnsure correct revenue recognition across new and used vehicle sales, fleet sales, aftersales (labour and parts) and F&I commissions, in line with company practice, to report revenue accurately.

8

• Branch Business PartneringPartner with Showroom and Aftersales Managers, review branch P&Ls and investigate variances, to drive showroom and workshop profitability.

9

• Working Capital & Trade FinanceTrack Letters of Credit and bank facilities for vehicle procurement with Treasury, and manage receivables with Credit and payables with AP, to optimise cash flow and financing cost.

10

• Systems, Compliance & ControlsUse Autoline controls to keep vehicle, parts and service sub-ledgers aligned with the general ledger, and ensure compliance with accounting standards, ZATCA / VAT and internal controls, to reduce financial risk.
• Standardise financial workflows across branches, to prevent revenue leakage.

The Job Profile

1

Educational Qualifications

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

2

Professional Certifications

Professional accounting qualification required (CA, ACCA, CPA or equivalent). SOCPA membership is an advantage.

3

Experience

5–7 years of progressive finance experience in the automotive retail / dealership sector; experience in a multi-brand, multi-site dealership structure is strongly preferred.

4

Essential Job Pre-Requisites

• Hands-on, advanced proficiency in Autoline DMS (mandatory), including showroom, parts, workshop and finance modules.
• Proven ability to resolve complex OEM reconciliations.
• Ability to explain automotive financial KPIs to non-finance operational leaders.

5

Languages Proficiency

Fluent English is required; Arabic is preferred.