Finance Manager

Client of Ultimate Peaks Talent & Strategy; Riyadh; On-site; SAR 400,000 - 700,000; Full time

Job summary

Ultimate Peaks Talent & Strategy is partnering with a leading organization in Riyadh, Saudi Arabia, to recruit an experienced Finance Manager to lead finance and accounting operations in the region. You will ensure accurate reporting, budgeting, treasury management, and business support across the enterprise.

The role requires strong monthly closes, variance analysis, intercompany reconciliations, and revenue alignment with operational data, with emphasis on internal controls and strategic

Qualifications

• Bachelor's degree in Accounting, Finance or related field.
• 7–10 years of progressive experience in finance and accounting roles.
• At least 3–5 years managing finance operations in a high-volume environment.
• Professional accounting or finance certification is preferred.

Responsibilities

• Lead finance and accounting operations in KSA including accurate reporting, budgeting, treasury management and business support.
• Prepare and review monthly, quarterly and annual financial statements.
• Finalize monthly reports within 15 working days after month-end.
• Provide variance analysis against budgets and forecasts; develop management reports and dashboards.
• Maintain reconciled trial balance with detailed schedules and account breakdowns; oversee GL activities and month/year-end closes.
• Reconcile intercompany accounts and ensure P&L alignment with operational data.
• Ensure expenses are recognized in the correct period with accruals per standards.
• Perform cash flow management, working capital optimization and treasury duties.
• Coordinate external audits and maintain internal controls; support risk management.
• Conduct profitability and cost analysis; support financial modeling and capital projects.

Education

Bachelor's degree in Accounting, Finance or related field

Job description

Key Responsibilities

The Company is seeking an experienced Finance Manager to lead finance and accounting operations in KSA ensuring accurate reporting compliance budgeting treasury management and business support Financial Management and Reporting Prepare and review monthly quarterly and annual financial statements Ensure monthly financial reports are finalized and submitted within 15 working days following the end of each month Ensure accurate and timely financial reporting in accordance with applicable accounting standards Monitor financial performance and provide variance analysis against budgets and forecasts Develop management reports and dashboards to support decision-making Maintain a clean and fully reconciled trial balance at all times ensuring that all balance sheet and profit and loss accounts are supported by accurate reconciliations schedules and detailed account breakdowns Oversee general ledger activities reconciliations and month-end and year-end closing processes Reconcile intercompany accounts and confirm balances before monthly P amp L reporting Add clear and accurate comments to the P amp L Ensure monthly revenue is fully reconciled with operational and business transaction data prior to reporting with all variances investigated and resolved Maintain documented monthly revenue reconciliations between financial records and operational systems ensuring zero unexplained differences Validate and approve monthly revenue reports only after reconciliation with operational data and supporting metrics Ensure all expenses are recognized in the correct accounting period by recording accruals for goods and services received but not yet invoiced in accordance with applicable accounting standards and company policies Budgeting and Forecasting Lead the annual budgeting process across departments Monitor budget utilization and recommend corrective actions where necessary Analyze financial trends and identify opportunities for cost optimization Perform detailed monthly variance analysis during the reporting cycle for all significant budget versus actual deviations identifying root causes and providing clear explanations and corrective action recommendations Cash Flow and Treasury Management Monitor cash flow requirements and liquidity position Manage banking relationships and financing arrangements Optimize working capital including receivables payables and inventory management Ensure effective cash management practices are maintained Accounting and Compliance Ensure compliance with financial regulations tax laws and company policies Coordinate external audits and support internal audit activities Maintain strong internal controls and risk management practices Perform accurate monthly cash account reconciliations for all AR and GL accounts Oversee and ensure the completion of monthly physical cash counts for all company cash holdings including main cash safes cash vaults and petty cash funds and reconcile count results with accounting records Perform a quarterly physical count of company inventory in warehouses Plan coordinate and oversee the annual physical verification of all company fixed assets ensuring asset records are accurate complete and reconciled with the fixed asset register Financial Analysis and Business Support Conduct profitability and cost analysis Support strategic initiatives with financial modeling and business case development Provide recommendations to senior management on financial performance improvements Evaluate investment opportunities and capital expenditure proposals

Qualifications

Bachelor's degree in Accounting, Finance or a related field. Minimum 7 10 years of progressive experience in finance and accounting roles. At least 3 5 years of relevant experience Proven experience in managing finance operations within a high-volume transaction environment. Experience in revenue reconciliation between financial systems and operational systems is highly preferred. Professional accounting or finance certification is preferred.