Finance Manager

Magna AI; Riyadh; On-site; SAR 200,000 - 300,000; Full time

Job summary

A leading AI transformation firm in Saudi Arabia is seeking a Financial Controller / Finance Manager to oversee all aspects of corporate finance and project-based financial management. The successful candidate will report directly to the CEO and be responsible for financial planning, cash flow control, and compliance. Candidates with extensive experience in project finance and a strong understanding of Saudi tax regulations are preferred. The role offers high visibility and significant responsibility in a fast-growing organization.

Benefits

Direct reporting to the CEO

High visibility in a fast-scaling organization

Path to expanded leadership opportunities

Qualifications

• 8–12 years of finance experience in project-based organizations.
• Strong understanding of Saudi tax and regulatory requirements.
• Experience in consulting or engineering delivery environments.

Responsibilities

• Lead annual budgeting and forecasting.
• Establish project financial governance.
• Monitor project profitability and cash collection.
• Oversee month-end and year-end close processes.

Skills

Project finance

Field operations management

Cash flow management

Business partnering

Financial analysis

Education

Bachelor’s degree in Finance or Accounting

Professional certification (CPA, ACCA, CA, CMA)

Job description

Magna AI is a global integrated-value-chain AI transformation factory, architecting the future of the intelligent enterprise. Through a unified approach that spans strategy, engineering, integration, and operations, Magna AI delivers secure AI infrastructure, applications, and services designed to drive measurable, scalable, and organization-wide transformation. Powered by next-generation technology from Trend Micro, NVIDIA, and Wistron Digital Technology Holding Company, Magna AI enables enterprises to evolve into intelligent, adaptive, and future-ready organizations confidently. Magna AI enables enterprises to evolve into intelligent, adaptive, and future-ready organizations confidently. Building the enterprise AI economy.

Job Summary:

Role Purpose

The Financial Controller / Finance Manager owns Magna’s end-to-end financial management, covering corporate finance, project financial control, and field operations finance. The role ensures disciplined financial planning, cash flow control, statutory compliance, and tight project-level cost and margin governance across client engagements and field deployments, while acting as a trusted financial partner to the CEO.

Key Responsibilities

• Lead annual and rolling business planning, budgeting, and forecasting.
• Develop and maintain integrated financial models covering revenue, cost structures, headcount, and capital expenditure.
• Support the CEO with business cases, pricing strategies, investment analysis, and scenario planning.
• Track performance versus plan and provide actionable variance analysis.
• Establish and own project-level financial governance for all client engagements.
• Set up project budgets, cost baselines, revenue recognition, and margin tracking.
• Monitor project burn rates, profitability, and cash collection against milestones.
• Work closely with project managers and practice leads to flag overruns, scope creep, and margin erosion.
• Approve project-related expenditures and change-order financial impact assessments.

Field Operations & Delivery Finance

• Provide financial oversight for field operations, including on-site teams, deployments, and client-facing delivery activities.
• Control travel, accommodation, allowances, subcontractor, and field resource costs.
• Ensure accurate cost allocation between projects, practices, and regions.
• Support pricing and costing models for field-based services and managed engagements.

Cash Flow & Treasury Management

• Own cash flow forecasting, liquidity management, and working capital control.
• Align project billing schedules with cash collection and delivery milestones.
• Monitor receivables aging and enforce collection discipline.
• Coordinate with banks and payment partners in Saudi Arabia.

Accounting, Reporting & Controls

• Oversee general ledger, month-end and year-end close processes.
• Prepare CEO dashboards, project profitability reports, and board-level financial summaries.
• Maintain strong internal controls, approval matrices, and financial policies.
• Manage external auditors and ensure audit readiness.

Tax, Statutory & Regulatory Compliance

• Ensure compliance with Saudi Zakat, VAT, corporate tax, and statutory reporting requirements.
• Maintain mandatory legal and financial documentation.
• Coordinate with external advisors on tax, legal, and regulatory matters.
• Support intercompany and JV-related financial reporting as needed.

HR & People Finance

• Partner with HR on workforce planning, payroll oversight, and compensation cost modeling.
• Ensure payroll accuracy and compliance with Saudi labor law and GOSI.
• Model utilization, billable rates, and cost structures for delivery and field teams.
• Implement and optimize finance systems, ERP, and project accounting tools.
• Standardize project finance, billing, and cost control processes.
• Prepare the finance function for scale, multi-entity expansion, and increased governance.

Priority Skills & Competencies

• Strong project finance and margin control experience
• Proven ability to manage field operations and delivery-related costs
• Advanced FP&A and cash flow management capabilities
• Solid understanding of Saudi tax, statutory, and regulatory requirements
• Hands-on mindset with strong business partnering skills
• Ability to work closely with CEOs, project leaders, and field teams

Qualifications & Experience

• Bachelor’s degree in Finance, Accounting, or related discipline.
• Professional certification preferred (CPA, ACCA, CA, CMA).
• 8–12 years of finance experience, including project-based or services-led organizations.
• Experience in consulting, technology services, or engineering delivery environments is a strong advantage.
• Prior experience working in Saudi Arabia is strongly preferred.

Why Join Magna

• Direct reporting to the CEO with ownership of corporate and project finance.
• Opportunity to build finance discipline across delivery, field operations, and growth.
• High visibility role in a fast-scaling AI transformation organization.
• Clear path to expanded group finance leadership as Magna grows.