Financial Operations Manager

REEF GROUP | مجموعة ريف; Riyadh; On-site; SAR 240,000 - 360,000; Full time

Job summary

Reef Group in Riyadh, Saudi Arabia, is seeking an experienced Financial Operations Manager to oversee day-to-day financial operations, ensure accuracy of records, and enforce approved policies and IFRS standards.

The role manages accounting operations, closing processes, reconciliations, and financial reporting, while supporting control and efficiency across Reef Group. This position requires 7–10 years in accounting and strong ERP experience.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• 7–10 years of relevant experience in accounting and financial operations.
• Experience in managing accounting operations and financial closing processes.
• Experience in preparing and analyzing financial statements.
• Experience working with ERP and financial management systems.
• High attention to detail and accuracy in financial operations.
• Strong understanding of accounting principles and IFRS.
• Strong financial reporting and reconciliation skills.
• Strong operational and team management capabilities.
• Excellent organizational and follow-up skills.
• Strong analytical and problem-solving skills.
• Ability to identify financial discrepancies and implement corrective actions.
• Good understanding of internal controls and accounting processes.
• Proficiency in using ERP and financial systems.
• Strong communication and stakeholder management skills.

Responsibilities

• Oversee recording and processing of all daily financial transactions.
• Review and approve journal entries and ensure accuracy before closing.
• Manage monthly, quarterly, and annual financial closing processes.
• Prepare and review financial statements (Income Statement, Balance Sheet, Cash Flow).
• Monitor general ledger balances and ensure timely reconciliations.
• Oversee bank reconciliations and accuracy of transactions.
• Manage Accounts Receivable and Payable operations.
• Develop and improve accounting processes to increase efficiency.
• Ensure compliance with IFRS and internal policies.
• Coordinate with internal and external auditors for required information.
• Support annual budgeting in coordination with FP&A team.
• Monitor variances and provide corrective actions.
• Supervise accounting team and support professional development.
• Prepare periodic financial reports for senior management.
• Maintain proper financial controls across accounting operations.
• Identify operational and financial risks and propose actions.
• Monitor data accuracy across ERP and financial systems.

Skills

Financial operations

IFRS

ERP systems

Budgeting

Team management

Financial reporting

Journal entries

Reconciliations

Internal controls

Analytical skills

Stakeholder management

Education

Bachelor's degree in Accounting/Finance

Tools

ERP software

Accounting software

Job description

Financial Operations Manager | Reef Group

Position Title: Financial Operations Manager

Job Type: Full-Time

About the Role:

We are seeking an experienced Financial Operations Manager to oversee the company's day-to-day financial operations, ensuring the accuracy and integrity of financial records and compliance with approved financial policies, procedures, and accounting standards.

The role will be responsible for managing accounting operations, financial closing activities, reconciliations, financial reporting, and accounts receivable and payable, while supporting financial control, operational efficiency, and informed decision-making across Reef Group.

Key Responsibilities

• Oversee the recording and processing of all daily financial transactions.
• Review and approve accounting journal entries and ensure their accuracy and completeness before financial closing.
• Manage monthly, quarterly, and annual financial closing processes according to approved timelines.
• Prepare and review financial statements, including the Income Statement, Balance Sheet, and Cash Flow Statement.
• Monitor general ledger balances and ensure timely and accurate account reconciliations.
• Oversee bank reconciliations and ensure the accuracy of related financial transactions.
• Manage Accounts Receivable and Accounts Payable operations and ensure compliance with approved procedures.
• Develop and improve accounting processes and procedures to increase efficiency and reduce operational errors.
• Ensure compliance with International Financial Reporting Standards (IFRS) and internal financial policies and procedures.
• Coordinate with internal and external auditors and provide the required financial information and supporting documentation.
• Support the annual budgeting process in coordination with the Financial Planning & Analysis (FP&A) team.
• Monitor financial variances, analyze their root causes, and provide recommendations for corrective actions.
• Supervise the accounting team, assign responsibilities, monitor performance, and support continuous development.
• Prepare periodic financial reports and analysis for senior management to support business decision-making.
• Ensure proper financial controls are maintained across accounting operations.
• Identify operational and financial risks within accounting processes and recommend appropriate corrective actions.
• Monitor the accuracy, completeness, and timeliness of financial data across the company's ERP and financial systems.

Other Responsibilities

• Perform any other duties or responsibilities assigned by the direct manager or their delegate.

Required Qualifications

Education

• Bachelor's degree in Accounting, Finance, or a related field.

Experience

• 7–10 years of relevant experience in accounting and financial operations.
• Experience in managing accounting operations and financial closing processes.
• Experience in preparing and analyzing financial statements.
• Experience working with ERP and financial management systems.
• High attention to detail and accuracy in financial operations.
• Strong understanding of accounting principles and IFRS.
• Strong financial reporting and reconciliation skills.
• Strong operational and team management capabilities.
• Excellent organizational and follow-up skills.
• Strong analytical and problem-solving skills.
• Ability to identify financial discrepancies and implement corrective actions.
• Good understanding of internal controls and accounting processes.
• Proficiency in using ERP and financial systems.
• Strong communication and stakeholder management skills.

Required Training

• Advanced Accounting Standards and IFRS.
• Financial Statement Preparation and Analysis.
• Accounting Operations and Internal Controls.
• ERP and Financial Systems.

Key Performance Indicators (KPIs)

• Accuracy rate of accounting journal entries.
• Financial closing timeliness and compliance rate.
• Timeliness and readiness of financial statements.
• Reduction rate of identified financial errors.
• Compliance rate with financial policies and procedures.
• Accuracy and timeliness of account reconciliations.
• Effectiveness of accounting operations and internal controls.

Why Join Us?

This is an excellent opportunity to join a dynamic and fast-growing organization where you will play a key role in ensuring the stability, accuracy, and efficiency of financial operations. You will contribute to strengthening financial controls, improving accounting processes, supporting financial reporting, and enabling informed decision-making across Reef Group.