Financial Manager

Premier Service Recruitment; Jeddah; On-site; SAR 120,000 - 160,000; Full time

Job summary

A leading recruitment agency is seeking a Financial Manager for a notable furniture manufacturing company in Saudi Arabia. The ideal candidate will oversee and manage the company's financial operations, ensuring accurate reporting and cost control. Responsibilities include developing budgets, analyzing financial performance, and ensuring compliance with local regulations. Candidates should have at least 7-10 years of experience in financial management, ideally within the furniture or retail sectors. Strong analytical and leadership skills are essential for this pivotal role.

Qualifications

• Minimum 7-10 years of experience in financial management, preferably in the furniture, manufacturing, or retail industry.
• Strong understanding of cost accounting and inventory control systems.
• Excellent analytical, leadership, and communication skills.

Responsibilities

• Develop and monitor annual budgets, forecasts, and financial plans.
• Analyze financial performance and provide actionable insights to management.
• Supervise all accounting operations including billing, accounts receivable/payable, and general ledger.
• Provide financial guidance to management on pricing, sales targets, and expansion decisions.

Skills

Financial analysis

Cost control

Leadership

Communication

Analytical skills

Education

Bachelor's degree in Accounting, Finance, or Business Administration

MBA or CMA

Job description

Job Title:

Financial Manager

Industry:

Furniture Manufacturing / Retail

Job Purpose

To oversee and manage the financial operations of the company, ensuring accurate financial reporting, cost control, and profitability. The Financial Manager will play a key role in budgeting, forecasting, and supporting strategic decisions that enhance the companys performance and growth in the furniture sector.

Key Responsibilities

Financial Planning & Analysis

• Develop and monitor annual budgets, forecasts, and financial plans.
• Analyze financial performance and provide actionable insights to management.
• Conduct variance analysis between actual results and budgets to identify trends, risks, and opportunities.
• Prepare monthly, quarterly, and annual financial reports for senior management.

Cost Control & Manufacturing Accounting

• Monitor production costs, raw material usage, and labor expenses to ensure cost efficiency.
• Collaborate with the production and procurement teams to optimize inventory and minimize waste.
• Implement cost allocation methods suitable for manufacturing operations (e.g., job costing, standard costing).
• Track and report on product margins and profitability per product line or showroom.

Accounting & Compliance

• Supervise all accounting operations including billing, accounts receivable/payable, and general ledger.
• Ensure compliance with local tax regulations, audits, and financial policies.
• Coordinate with external auditors for yearly audits and maintain accurate documentation.
• Manage cash flow, bank reconciliations, and payments to suppliers.

Strategic & Operational Support

• Provide financial guidance to management on pricing, sales targets, and expansion decisions.
• Assess the financial viability of new projects, branches, or showrooms.
• Support digital transformation initiatives such as ERP implementation for financial tracking and inventory control.
• Oversee financial risk management and propose strategies for sustainable growth.

Qualifications & Requirements

• Bachelors degree in Accounting, Finance, or Business Administration (MBA or CMA is a plus).
• Minimum 7:10 years of experience in financial management, preferably in the furniture, manufacturing, or retail industry.
• Strong understanding of cost accounting and inventory control systems.
• Excellent analytical, leadership, and communication skills.
• Strong knowledge of Egyptian accounting standards and tax laws.