Finance Manager - Insurance | Saudi Arabia

RAWAJ; Riyadh; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading Saudi insurance company is seeking a Finance Manager to oversee financial operations and ensure compliance with regulatory standards. The role includes developing financial strategies, managing budgeting and forecasting, and leading the finance team. Candidates should have a Bachelor's degree in Finance or related fields and at least 8 years of experience in finance, ideally in the insurance sector. Strong leadership and analytical skills, along with communication in Arabic and English, are essential for this role.

Qualifications

• Minimum of 8 years of progressive experience in finance or accounting, preferably in insurance.
• In-depth knowledge of IFRS and Saudi financial regulations.
• Experience in budgeting, forecasting, and financial analysis.

Responsibilities

• Oversee financial planning, budgeting, and forecasting for timely reporting.
• Manage daily financial operations including accounts payable and receivable.
• Develop financial strategies to enhance profitability and meet business objectives.
• Ensure compliance with Saudi regulatory requirements and accounting standards.

Skills

Leadership skills

Analytical problem-solving

Communication in Arabic and English

Education

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

CPA/CMA preferred

Job description

Leverage your expertise and join the dynamic team of a leading Saudi insurance company.

As a Finance Manager, you will oversee all financial operations, ensuring compliance with regulatory standards, optimizing financial performance, and supporting strategic decision making to drive the company’s growth and profitability.

Key Accountabilities

The position involves:

• Oversee all aspects of financial planning, budgeting, and forecasting to ensure accurate and timely financial reporting.
• Manage daily financial operations, including accounts payable, receivable, general ledger, and cash flow management.
• Develop and implement financial strategies that support the company’s overall business objectives and enhance profitability.
• Ensure compliance with Saudi regulatory requirements, accounting standards, and internal control procedures.
• Prepare and analyze financial statements, performance reports, and variance analyses for management and board review.
• Monitor and manage financial risks, investments, and capital expenditures to maintain financial stability and sustainability.
• Collaborate with other departments to align financial goals with operational and strategic initiatives.
• Oversee audit processes, liaising with external auditors and regulatory bodies to ensure transparency and accountability.
• Optimize cost structures and identify areas for financial improvement and efficiency across all business units.
• Lead, mentor, and develop the finance team to ensure high performance and continuous professional growth.

Knowledge, Skills, and Experience

We are Looking for:

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field (Master’s or CPA/CMA preferred).
• Minimum of 8 years of progressive experience in finance or accounting, preferably within the insurance or financial services sector.
• In-depth knowledge of IFRS and Saudi financial regulations.
• Proven experience in budgeting, forecasting, and financial analysis.
• Strong leadership skills with experience managing finance teams.
• Excellent analytical, problem-solving, and decision-making abilities.
• Strong communication and presentation skills, both in Arabic and English.
• Ability to work under pressure and meet strict deadlines with attention to detail and accuracy.