Finance Manager

Intelligent Contracting Company; Saudi Arabia; On-site; SAR 150,000 - 200,000; Full time

Job summary

An established industry player is seeking a skilled Finance Manager with a robust background in the construction sector. This pivotal role involves overseeing financial reporting, job costing, and VAT compliance while ensuring adherence to local laws and regulations. The ideal candidate will leverage their expertise in financial controls and reporting systems to drive efficiency and accuracy in financial operations. This position offers the opportunity to work closely with project managers and financial teams, contributing to the success of large-scale construction projects in a dynamic environment. If you are passionate about finance and construction, this is your chance to make a significant impact.

Qualifications

• 5-7 years of accounting experience, with 3 years in KSA construction.
• Strong knowledge of job costing, VAT, and Zakat regulations.

Responsibilities

• Oversee financial reporting and ensure compliance with Saudi regulations.
• Manage job costing and budget tracking for construction projects.

Skills

Financial Reporting

Job Costing

VAT Compliance

Project Accounting

Analytical Skills

Communication Skills

Education

Bachelor’s degree in Accounting

Bachelor’s degree in Finance

Tools

QuickBooks

ERP solutions

Job description

We are looking for an experienced Finance Manager with a strong background in the construction industry and experience in KSA. The ideal candidate will oversee financial reporting, job costing, VAT compliance, and project accounting while ensuring adherence to Saudi accounting standards, tax regulations, and local laws.

Key Responsibilities:

1. Financial Accounting & Reporting:
   Ensure compliance with IFRS, and Saudi Zakat, Tax, and Customs Authority (ZATCA) regulations.
   Manage month-end and year-end closing processes, including audit preparations.
   Maintain Work-in-Progress (WIP) reports and ensure accurate project cost allocation.
2. Construction Job Costing & Budgeting:
   Monitor job costing, cost control, and budget tracking for construction projects.
   Work closely with project managers to review cost projections and variance analysis.
   Ensure proper tracking of materials, labor, and subcontractor costs.
3. Accounts Payable & Receivable:
   Oversee billing, invoicing, and progress payments for contractors and clients.
   Handle subcontractor payment approvals, retention payments, and reconciliation.
   Ensure accurate tracking of accounts payable and receivable for multiple projects.
4. Tax Compliance & Payroll:
   Manage KSA VAT (Value Added Tax), Withholding Tax (WHT) filing.
   Oversee payroll processing, including GOSI (General Organization for Social Insurance) calculations.
   Ensure compliance with Saudi labor laws and company policies.
5. Software & System Management:
   Utilize construction accounting software such as QuickBooks, or ERP solutions.
   Improve financial controls, reporting systems and internal controls.

Qualifications & Requirements:

1. Education: Bachelor’s degree in Accounting, Finance, or a related field.
2. Experience: Minimum 5-7 years of experience in accounting, with at least 3 years in the KSA construction industry.
3. Technical Knowledge: Strong understanding of job costing, WIP accounting, revenue recognition (percentage-of-completion method), VAT, and Zakat regulations.
4. Language Skills: Fluency in English.
5. Analytical & Communication Skills: Ability to liaise with project managers, financial teams, auditors, and government authorities.

Preferred Qualifications:
Experience in KSA tax regulations, VAT compliance, and ZATCA e-invoicing requirements.
Knowledge of AIA billing, bonding, and contract accounting.
Experience working with large-scale construction projects in Saudi Arabia.