Finance Manager

Masdar (Abu Dhabi Future Energy Company); Riyadh; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading renewable energy company in Riyadh is seeking a Finance Manager to oversee the financial management of PV projects. The ideal candidate will have a degree in finance or related fields, with at least 10 years of experience in project finance and financial modeling. Strong communication skills in English and Arabic are essential for success in this role, which involves leading the finance team and ensuring compliance with financial regulations.

Qualifications

• Minimum of 10 years’ experience in project finance, financial modeling, and analysis.
• Chartered accounting experience is advantageous.
• Experience in the energy sector is preferred.

Responsibilities

• Formulating and implementing financial policies and procedures.
• Ensuring compliance with IFRS and maintaining financial data integrity.
• Monitoring and managing the annual budget and preparing management reports.
• Leading and developing the finance team.

Skills

Financial planning

Project finance and forecasting

Financial modeling and analysis

Knowledge of VAT and local regulations

Excellent communication skills in English

Excellent communication skills in Arabic

Education

Degree in business, finance, or related field

Master's degree preferred

Job description

Company Description

Masdar is the UAE’s clean energy champion and one of the largest companies of its kind in the world, advancing the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges. Established in 2006, Masdar is active in over 40 countries, helping them achieve their clean energy objectives and promote sustainable development. Masdar is jointly owned by Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company (Mubadala), and Abu Dhabi National Energy Company (TAQA). The company aims to reach a renewable energy portfolio capacity of at least 100 gigawatts (GW) by 2030 and produce up to 1 million tonnes of green hydrogen annually by the same year.

Job Description

As the Finance Manager, you will oversee the financial management of the PV project, developing and implementing plans and financial models to meet both short-term and long-term financial goals. Your role involves ensuring optimal asset value and shareholder returns through sound financial, accounting, and risk management practices.

Responsibilities include:

1. Formulating and implementing financial policies and procedures in consultation with senior management.
2. Providing financial and accounting control, ensuring compliance with IFRS, and maintaining the integrity of financial data and systems.
3. Developing and approving policies related to funds management, securities, credit extension, and compliance.
4. Monitoring and managing the annual budget, and preparing management reports on performance, compliance, and risk management issues.
5. Reviewing departmental financial performance and investigating deviations from budgets and operational plans.
6. Assisting in O&M budget approval by analyzing key financial drivers.
7. Leading and developing the finance team, fostering employee engagement, and managing change.

Qualifications

• Degree in business, finance, or related field; master's degree preferred.
• Chartered accounting experience is advantageous.
• Minimum of 10 years’ experience in project finance, financial modeling, and analysis, including investment appraisals and feasibility studies.
• Experience in the energy sector is preferred.
• Strong skills in financial modeling and analysis.
• Knowledge of VAT and local regulations.
• Excellent communication skills in English and Arabic.

Additional Skills

• Financial planning
• Project finance and forecasting

Masdar is a leading renewable energy and green hydrogen company, committed to innovation and sustainability, with projects across the globe and a strong emphasis on cutting-edge technologies.