Finance Manager

Confidential; Riyadh; On-site; SAR 262,000 - 375,000; Full time

Job summary

A leading oil & lubricants manufacturer is seeking a Finance Manager to oversee financial operations. The role involves managing accounts payable and receivable, ensuring compliance, and preparing financial statements within a manufacturing environment. The ideal candidate will have extensive experience in finance and accounting, specifically in oil and gas or manufacturing sectors. Responsibilities include budgeting, compliance, and leading a finance team. This is a full-time position based in Riyadh, Saudi Arabia.

Qualifications

• Minimum 8 years relevant experience, including 4 years in a managerial role.
• Professional certifications (e.g., CPA, CMA) are an advantage but not mandatory.
• Strong knowledge of pricing models.

Responsibilities

• Develop and implement financial work plans aligned with business objectives.
• Monitor execution of plans and compliance with regulations.
• Oversee all accounting operations including AP, AR, and fixed assets.
• Manage month-end and year-end closing processes.
• Support internal and external audits.

Skills

Manufacturing cost structures

Inventory accounting

Budgeting

Cost optimization

Performance monitoring

Education

Bachelor’s degree in Finance, Accounting, or related field

Job description

The Finance Manager is responsible for managing and overseeing the daily financial operations related to Accounts Payable, Accounts Receivable, and Fixed Assets (PPE) within an oil & lubricants manufacturing environment. The role ensures the accuracy of financial records, preparation of financial reports and statements, enforcement of accounting policies, and effective financial control. A strong understanding of industry-specific costing, pricing structures, inventory valuation, and manufacturing-related financial processes is essential to support business objectives and operational efficiency.

Qualifications & Requirements

• Bachelor’s degree in Finance, Accounting, or a related field
• Minimum 8 years of relevant experience, including at least 4 years in a managerial role, preferably within oil, lubricants, manufacturing, or industrial sectors
• Professional certifications (e.g., CPA, CMA) are an advantage but not mandatory
• Strong knowledge of manufacturing cost structures, inventory accounting, and pricing models

Key Responsibilities

Strategic Responsibilities

• Develop and implement departmental financial work plans aligned with organizational and manufacturing objectives.
• Monitor execution of plans, workflow efficiency, and compliance with internal policies and industry regulations.
• Participate in budgeting, expenditure monitoring, cost optimization, and margin control activities related to production and distribution.

Technical & Operational Responsibilities

• Oversee all accounting operations including AP, AR, General Ledger, reconciliations, and fixed assets within a manufacturing context.
• Manage month-end and year-end closing processes in coordination with production, supply chain, and operations teams.
• Prepare and review quarterly and annual financial statements.
• Review financial transactions, cost allocations, and inventory movements, and resolve discrepancies.
• Support internal and external audits, including audits related to manufacturing, inventory, and compliance.
• Supervise preparation of zakat and tax filings and ensure full regulatory compliance.
• Address and resolve financial matters with suppliers, distributors, and customers.
• Contribute to developing and enhancing accounting policies and procedures relevant to oil & lubricants manufacturing and distribution.

Administrative & People Management

• Lead and manage the finance team through regular meetings, clear direction, and performance monitoring.
• Evaluate team performance and recommend development and corrective actions as needed.
• Identify training needs and assess training effectiveness, particularly in manufacturing finance.
• Manage administrative matters related to finance team members.
• Assign a deputy when required to ensure operational continuity.

Seniority level

Mid‑Senior level

Employment type

Full‑time

Job function

Finance and Accounting/Auditing

Industries: Financial Services, Oil and Gas, and Manufacturing