Financial Manager

Premier Services and Recruitment; Jeddah; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading recruitment agency in Saudi Arabia is seeking a Financial Manager to oversee and manage financial operations. The role involves ensuring accurate financial reporting, cost control, and profitability within the furniture manufacturing sector. The ideal candidate will have 7-10 years of experience in financial management, strong analytical and communication skills, and a Bachelor's degree in Accounting, Finance, or Business Administration, with a solid understanding of local tax regulations.

Qualifications

• 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.
• Strong knowledge of local accounting standards and tax regulations.

Responsibilities

• Develop and monitor annual budgets, forecasts, and financial plans.
• Analyze financial performance and provide actionable insights to management.
• Prepare monthly, quarterly, and annual financial reports for senior management.
• Supervise all accounting operations including billing and accounts receivable/payable.

Skills

Financial analysis

Cost control

Leadership

Communication

Analytical skills

Education

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

MBA or CMA

Job description

Overview

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.

Responsibilities

• 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.