Finance Manager

The Professionals; Riyadh; On-site; SAR 250,000 - 300,000; Full time

Job summary

The Professionals in Riyadh are seeking an experienced finance leader to oversee all financial operations, including reporting, compliance, and cash management. You will manage finance strategies and coordinate budgeting processes, ensuring a clear view of financial performance.

With 5-8 years of relevant experience and a professional accounting qualification, you will lead a team and develop financial systems suitable for international expansion and growth.

Qualifications

• 5-8 years of progressive finance experience in senior accounting and financial roles.
• Strong knowledge of Saudi GAAP, IFRS, and Saudi tax regulations.
• Track record of building financial systems and processes at scale-up companies.

Responsibilities

• Own monthly close process and ensure accurate financial reporting.
• Manage cash position and forecast cash needs across operating accounts.
• Provide financial analysis and decision support to the Commercial Director.
• Oversee banking relationships including credit facilities and FX management.
• Develop financial models to support strategic decisions.

Skills

Financial reporting

Management accounting

Budgeting

Analytical skills

Proficiency in Excel

Education

Professional accounting qualification (SOCPA, CPA, ACCA, CA, or equivalent)

Tools

Oracle NetSuite

SAP

Job description

Key responsibilities

Financial reporting and accounting oversight

• Own monthly close process and ensure accurate, timely financial reporting across all entities and channels.
• Oversee statutory compliance including Zakat, tax authority filings, and annual audit coordination.
• Manage multi‑currency accounting as organization expands internationally, including UK entity setup and ongoing UK financial operations.
• Establish and maintain accounting policies in line with Saudi GAAP and IFRS requirements, with appropriate adoption of UK accounting standards as UK presence develops.
• Maintain general ledger integrity and ensure clean documentation of all transactions.

Management reporting and FP&A

• Build and maintain monthly management reporting that gives the CEO and senior team clear visibility into financial performance, channel‑level profitability, and key business metrics.
• Develop revenue, gross margin, and operating expense tracking by channel, geography, and product collection (Standard versus Limited).
• Lead annual budgeting process in coordination with CEO and division leaders.
• Manage rolling forecasts and provide regular variance analysis against budget.
• Build financial models that support strategic decisions including pricing, channel investment, international expansion, and capital allocation.

Treasury and cash management

• Manage cash position and forecast cash needs across operating accounts.
• Oversee banking relationships including operating accounts, credit facilities, and FX management.
• Manage working capital including supplier payment terms, receivables collection, and inventory financing implications.
• Implement appropriate FX strategy as international operations grow, including USD, GBP, and EUR exposure management.
• Identify and recommend treasury optimization opportunities including credit facility structures and cash conservation measures.

Channel and commercial finance support

• Provide financial analysis and decision support to the Commercial Director on channel mix, pricing decisions, and retailer terms.
• Track channel‑level profitability and identify margin improvement opportunities.
• Support commercial decisions on B2B and B2G accounts including bid analysis, custom program profitability, and large‑account economics.
• Build channel‑level reporting that links commercial activity to financial outcomes.
• Provide financial inputs to commercial planning including UK launch financial modeling and Gulf distributor economics.

Strategic finance and capital

• Provide strategic finance partnership to the CEO on growth investment decisions, capital allocation, and major business decisions.
• Support capital strategy decisions including potential debt facilities, working capital lines, or external equity investment.
• If external capital is pursued, support investor materials, financial diligence, and ongoing investor relations in coordination with the CEO.
• Coordinate with the external fractional CFO advisor on strategic finance work that exceeds current internal capability.
• Build sophistication and capability over time to internalise strategic finance work as the role evolves toward CFO scope.

Tax planning and compliance

• Manage tax strategy and compliance across all organization entities.
• Coordinate with external tax advisors on Saudi tax matters including Zakat, VAT, and any withholding tax obligations.
• Support international tax planning as organization expands, including UK corporate tax, transfer pricing between Saudi parent and UK entity, and VAT compliance.
• Identify tax optimisation opportunities within ethical and legal frameworks.

Financial systems and infrastructure

• Own organization’s financial systems including accounting software, financial reporting tools, and integration with operational systems.
• Implement system improvements and migrations as scale and complexity demand more sophisticated infrastructure.
• Build financial controls and processes appropriate to a growing luxury brand.
• Document financial procedures and ensure consistent application across the organization.

External relationships

• Manage relationships with external auditors, ensuring smooth annual audit process.
• Coordinate with external tax advisors on planning and compliance.
• Manage banking relationships including operating accounts, credit facilities, and FX services.
• Coordinate with the fractional CFO advisor during the Year 2‑4 transition period.
• Build relationships with potential capital providers if external capital is pursued.

Team development and progression

• Manage and develop the existing Accountant and any subsequent finance hires.
• Hire FP&A or Junior Finance team member in Year 3‑4 as scale justifies.
• Build the finance team capability needed to support international scale.
• Develop personally toward CFO capability through stretch assignments, fractional CFO advisor mentorship, and continuous learning.

Required experience

• 5‑8 years of progressive finance experience including senior accounting and financial planning roles.
• Professional accounting qualification (SOCPA, CPA, ACCA, CA, or equivalent international qualification).
• Demonstrated capability in financial reporting, management accounting, and budgeting at growing companies.
• Strong working knowledge of Saudi GAAP, IFRS, and Saudi tax regulations including Zakat and VAT.
• Experience supporting multi‑channel businesses with retail, wholesale, and direct‑to‑consumer operations.
• Track record of building or strengthening financial systems and processes at scale‑up companies.
• Strong analytical and modeling skills with proficiency in Excel and ideally financial systems including Oracle NetSuite, SAP, or comparable ERP.

Preferred experience

• Background at a luxury, beauty, fragrance, or premium consumer brand at a similar scale to the organization.
• Experience supporting international expansion including UK or European entity set‑up, transfer pricing, and multi‑jurisdiction tax planning.
• Familiarity with luxury industry economics including margin structures, channel economics, and inventory dynamics.