Financial Manager - O&M Company

Al Jomaih Energy and Water; Saudi Arabia; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading utility and infrastructure company in Saudi Arabia seeks an experienced Financial Manager to set up and oversee on-site financial operations. The role involves budgeting, cost control, and ensuring compliance with local regulations. Ideal candidates should have 5–7 years of finance experience in O&M companies or the water sector, with strong skills in budgeting and cost control. Must be fluent in English and Arabic and capable of working independently in challenging environments.

Qualifications

• 5–7 years of experience in finance roles, ideally in O&M companies.
• Experience in the water sector or industrial services in remote areas.
• Proven experience managing finance in a single-customer context.
• Strong cost control and budgeting skills required.
• Ability to operate independently in a harsh environment.

Responsibilities

• Set up and manage the financial operations of the O&M company on-site.
• Ensure compliance with local tax, labor, and regulatory requirements.
• Manage cash flow and provide financial reporting to the General Manager.
• Coordinate with auditors and project teams.
• Oversee procurement finance processes.

Skills

Cost control

Budgeting

Financial reporting

ERP systems

Good communication in English

Good communication in Arabic

Education

Degree in Finance, Accounting, Economics or similar

ACCA, CPA, CMA or equivalent certification

Tools

Budgeting software

Cost control tools

Job description

Al Jomaih Energy & Water (AEW) headquartered in Saudi Arabia, is a fast‑growing investor, lead developer, and operator of utility and infrastructure projects in various geographical markets such as KSA, GCC, Asia & North Africa, with investments in 6 GW of conventional and solar power plants, and around 700,000 m³/day of water.

AEW was established in 2007, as a subsidiary of Al Jomaih Holding Company, a leading Saudi conglomerate with a legacy spanning over 80 years, focused on enabling sustainable, social, and economic progress in the Kingdom of Saudi Arabia and beyond.

At AEW, our mission is to tackle new technologies, solve complex problems, and leverage our expertise to unlock opportunities in the Power, Renewables & Water Sectors, while driving impact for our stakeholders across the value chain.

Reporting Structure: General Manager (O&M) and O&M SPV Board of Directors.

Overview

We are looking for a Financial Manager to set up and manage the on‑site financial operations of our O&M company in Saudi Arabia. The role will handle budgeting, cost control, reporting, cash‑flow management, and compliance with local regulations, while coordinating closely with auditors and project teams.

Your Job Functions (Duties & Responsibilities)

• Set up and manage the financial operations of the O&M company on‑site.
• Establish and monitor accounting, budgeting, and cost control systems tailored to the project needs.
• Ensure compliance with local tax, labor, and regulatory requirements in Saudi Arabia.
• Manage cash flow, working capital, and monthly/quarterly reporting to the General Manager.
• Serve as the local point of contact for internal and external auditors.
• Coordinate with the EPC contractor or construction phase finance team to ensure smooth handover into the operational phase.
• Oversee procurement finance processes and ensure alignment with contractual obligations (especially important in single‑customer setups).
• Support contract management team on customer invoicing, payment certificates, and variations.
• Provide regular financial KPIs and performance dashboards to the General Manager.
• Interface with the single client (likely governmental/utility) on financial aspects as needed.

Qualifications

• Degree in Finance, Accounting, Economics or similar.
• ACCA, CPA, CMA or equivalent certification preferred.
• MBA is not required, but a plus.
• 5–7 years of experience in finance roles, ideally in:
  - O&M companies (preferably infrastructure/utilities/energy).
  - Water sector or industrial services in remote areas or emerging markets.
  - KSA or GCC experience highly desirable (local regulation and work culture).
• Proven experience in managing finance in a single‑customer context.
• Experience with ERP systems, cost control tools, and budgeting software.
• Some exposure to project handover (from construction to operations) is beneficial.
• Strong cost control and budgeting skills.
• Capable of operating independently in a remote, harsh environment.
• Culturally aware, pragmatic, and hands‑on.
• High integrity, reliability, and resilience under pressure.
• Good communication in English and Arabic, both mandatory.