Finance Manager

Confidential; Saudi Arabia; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading oil & lubricants manufacturer in Saudi Arabia is seeking a Finance Manager to oversee daily financial operations related to Accounts Payable, Accounts Receivable, and Fixed Assets. The ideal candidate will have at least 8 years of experience, including 4 in a managerial role, and will ensure accuracy in financial records and reports. Responsibilities include developing financial work plans, managing accounting operations, and leading the finance team. This role is essential for compliance and operational efficiency.

Qualifications

• Minimum 8 years of relevant experience including at least 4 years in a managerial role.
• Strong knowledge of manufacturing cost structures, inventory accounting, and pricing models.

Responsibilities

• Develop and implement departmental financial work plans aligned with organizational objectives.
• Manage month-end and year-end closing processes with production and operations teams.
• Supervise preparation of zakat and tax filings and ensure regulatory compliance.

Skills

Manufacturing cost structures

Inventory accounting

Pricing models

Education

Bachelor's degree in Finance, Accounting, or a 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.