Head Of Finance

Bank of Jordan; Riyadh; On-site; SAR 300,000 - 400,000; Full time

Job summary

A leading banking institution in Saudi Arabia is seeking a Head of Finance to oversee financial operations and ensure compliance with SAMA regulations. The ideal candidate will have extensive experience in finance and accounting, strong managerial skills, and a relevant degree. This role involves strategic planning, budget management, and coordination with auditors and tax authorities, ensuring the bank meets all regulatory requirements.

Qualifications

• At least 8 years of experience in accounting/finance.
• 4 years in managerial roles.
• Proficient in written and spoken English.

Responsibilities

• Develop and enforce financial policies in line with regulations.
• Prepare annual budgets and forecasts.
• Supervise staff and evaluate performance.

Skills

Analytical skills

Problem-solving skills

Managerial skills

Communication skills

Education

University degree in administrative and banking sciences

Professional certificate in finance and accounting

Job description

- Develops and enforces KSA branch financial policies in line with SAMA regulations, local laws, and Head Office directives.

- Supports strategic goals, prepares annual budgets and forecasts, ensuring alignment with SAMA budgeting guidelines and regulatory expectations.

- Sets objectives, supervises staff, and evaluates performance to ensure accurate, efficient work per regulatory standards.

- Prepares financial statements, closing accounts, and quarterly audits per IFRS and SAMA reporting requirements (e.g., QPR, Monthly Prudential Returns).

- Verifies accuracy of financial statements and ensures timely SAMA submission. Addresses issues raised in SAMA or internal audit reports.

- Monitors irregular accounts and exception reports. Verifies approvals per delegation matrix; reports breaches to SAMA as required.

- Provides required reports to SAMA (e.g., capital adequacy, liquidity ratios), and Head Office per the SAMA reporting calendar.

- Coordinates with auditors and tax authorities. Ensures tax returns and Zakat filings meet GAZT and SAMA requirements.

- Tracks key financial ratios (liquidity, deposit concentration, etc.) to meet SAMA thresholds and risk management standards.

- Monitors budget adherence and internal controls. Ensures spending aligns with SAMA governance and control frameworks.

- Supervises asset control, insurance, and valuation processes in line with SAMA asset safeguarding expectations.

- Ensures day-to-day financial operations conform to SAMA rules, including AML, FATCA, and SOCPA/IFRS standards.

- Holds a university degree in administrative and banking sciences or a related discipline.

- Preferably holds a professional certificate in finance and accounting.

- Has at least 8 years of experience in accounting/finance and 4 years in managerial roles.

- Proficient in written and spoken English.

- Possesses good knowledge of policies and procedures governing work and their updates (internal and external).

- Full knowledge of international customs, regulations, instructions, and local laws related to financial and accounting matters, including IFRS.

- Competent in the use of computers and various application systems.

- Knowledge of SAMA instructions, laws, and regulations.

- Full knowledge of financial analysis methods for preparing estimated budgets.

- Demonstrates high problem-solving, analytical, supervisory, and managerial skills.

- Ability to plan and organize effectively.

- Strong verbal communication skills and ability to deal well with others.

- Ability to work under pressure.

Desired Candidate Profile

Company Industry:

• Banking
• Broking

Department / Functional Area:

• Finance
• Treasury

Keywords:

• Head Of Finance

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