Head Of Finance - KSA | Riyadh, SA

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

Job summary

A leading bank in Saudi Arabia is seeking a Head of Finance for its KSA branch. This role involves developing financial policies, overseeing compliance with SAMA regulations, and managing budgets and forecasts. The ideal candidate will possess extensive experience in finance and leadership skills, ensuring the branch aligns with regulatory expectations and strategic goals.

Qualifications

• 8+ years of accounting/finance experience and 4+ years in a managerial position.
• Full knowledge of IFRS and SAMA regulations.
• Competent in financial analysis methods.

Responsibilities

• Develop financial policies in line with SAMA regulations.
• Prepare annual budgets and financial statements.
• Supervise staff and ensure compliance with regulations.

Skills

Problem-solving

Analytical skills

Supervisory skills

Communication

Planning and organization

Education

University degree in administrative and banking sciences

Professional certificate specialized in finance and accounting

Job description

Head Of Finance - KSA

Bank of Jordan Riyadh, Saudi Arabia Apply now Posted 24 days ago Permanent Competitive

Head Of Finance - KSA

- 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's governance and control frameworks.

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

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

Requirements

- University degree in the field of administrative and banking sciences or any related discipline.

- Preferably hold a professional certificate specialized in finance and accounting etc.

- Work experience of at least (8) years in accounting / finance and (4) years in a managerial position.

- Knowledge of written and spoken English.

-Good knowledge of the 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 and follow-up on their amendments, for example, IFRS.

-Competent use of computers and various application systems.

-Knowledge of SAMA instructions, laws and regulations.

-Full knowledge of financial analysis methods and approaches for preparing estimated budgets

-The job needs a high problem-solving ability and analytical, supervisory and managerial skills.

-Ability to plan and organize.

-Ability to communicate (verbally) and deal well with others.

-Ability to work under pressure.

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