Finance Manager

Client of Professional Recruitment; Riyadh; On-site; USD 50,000 - 80,000; Full time

Job summary

A leading company in Saudi Arabia is seeking a skilled Finance Manager to oversee financial management activities. The successful candidate will analyze financial performance, manage budgeting processes, and ensure compliance with local regulations while providing strategic insights. Ideal candidates should possess strong analytical skills, leadership qualities, and a relevant educational background to drive financial success.

Qualifications

• 5-10 years of experience in finance and accounting.
• Strong knowledge of IFRS.
• Experience with budgeting and financial analysis.

Responsibilities

• Prepare financial statements in accordance with accounting standards.
• Lead annual budgeting process and monitor budget performance.
• Ensure compliance with accounting standards and regulations.

Skills

Analytical Skills

Attention to Detail

Communication Skills

Leadership Skills

Business Acumen

Education

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

Master's degree or professional certification (e.g., CPA, CMA, ACCA)

Tools

Financial Management Software

ERP Systems (e.g., SAP, Oracle, Microsoft Dynamics)

Microsoft Excel

Job description

Position Summary:
We are seeking a highly motivated and results-oriented Finance Manager to oversee and manage the financial activities of the organization. The Finance Manager will be responsible for ensuring the accuracy and integrity of financial records, providing insightful financial analysis, supporting strategic decision-making, and ensuring compliance with relevant regulations. This role requires strong analytical skills, attention to detail, excellent communication abilities, and a proven track record in financial management.
Key Responsibilities:
• Financial Reporting & Analysis:
• Prepare accurate and timely financial statements (e.g., balance sheet, income statement, cash flow statement) in accordance with applicable accounting standards (e.g., IFRS).
• Develop and analyze key financial performance indicators (KPIs) to monitor business performance and identify trends, variances, and opportunities for improvement.
• Prepare insightful financial reports, presentations, and dashboards for management and stakeholders.
• Conduct variance analysis against budgets and forecasts, providing explanations for deviations and recommending corrective actions.
• Budgeting & Forecasting:
• Lead the annual budgeting process, working collaboratively with department heads to develop realistic and achievable budgets.
• Develop and maintain financial forecasting models to project future financial performance.
• Monitor budget performance throughout the year and provide regular updates to management.
• Identify and analyze potential risks and opportunities related to budget and forecast assumptions.
• Financial Planning & Strategy:
• Contribute to the development and execution of the company's financial strategy.
• Provide financial insights and analysis to support strategic decision-making, including investment appraisals, mergers and acquisitions, and new business ventures.
• Develop financial models to evaluate the financial implications of strategic initiatives.
• Treasury Management:
• Manage the company's cash flow, ensuring sufficient liquidity to meet operational needs.
• Oversee banking relationships and manage bank accounts.
• Monitor and manage foreign exchange risk (if applicable).
• Assist with debt financing and investment activities.
• Compliance & Internal Controls:
• Ensure compliance with all relevant accounting standards, tax regulations, and legal requirements in Saudi Arabia.
• Develop, implement, and maintain strong internal controls to safeguard company assets and ensure the accuracy of financial information.
• Coordinate with external auditors and manage the audit process.
• Team Management & Development:
• [Depending on the size of the finance team] Manage and mentor finance staff, fostering a positive and productive work environment.
• Delegate tasks effectively and provide guidance and support to team members.
• Conduct performance reviews and identify training and development needs.
• Other Responsibilities:
• Participate in cross-functional projects and initiatives.
• Stay up-to-date on changes in accounting standards, regulations, and best practices.
• Perform other duties as assigned by the reporting manager.
Qualifications & Experience:
• Bachelor's degree in Finance, Accounting, or a related field. A Master's degree or relevant professional certification (e.g., CPA, CMA, ACCA) is highly desirable.
• 5-10 years of progressive experience in finance and accounting, with demonstrated experience in financial reporting, budgeting, and analysis.
• Strong knowledge of accounting principles and practices (e.g., IFRS).
• Experience with financial management software and ERP systems (e.g., SAP, Oracle, Microsoft Dynamics).
• Proficiency in Microsoft Excel and other Microsoft Office Suite applications.
• Experience working in [mention specific industry if relevant].
• Familiarity with local regulations and accounting practices in Saudi Arabia is a significant advantage.
Skills & Competencies:
• Strong Analytical and Problem-Solving Skills: Ability to analyze complex financial data, identify trends, and develop effective solutions.
• Attention to Detail and Accuracy: Meticulous approach to ensuring the accuracy and integrity of financial information.
• Excellent Communication and Interpersonal Skills: Ability to communicate financial information clearly and effectively to both financial and non-financial stakeholders.
• Strong Organizational and Time Management Skills: Ability to prioritize tasks, manage deadlines, and work effectively under pressure.
• Leadership and Team Management Skills: (If applicable) Ability to motivate, mentor, and develop finance team members.
• Ethical Conduct and Integrity: Commitment to maintaining the highest ethical standards in all financial activities.
• Business Acumen: Understanding of the broader business environment and how financial decisions impact overall business performance.
• Language Skills: Fluency in English is essential. Proficiency in Arabic is highly desirable.

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