Manager - Finance

The Red Sea Development Company; Riyadh; On-site; SAR 100,000 - 120,000; Full time

Job summary

The Red Sea Development Company is seeking a Finance Manager Aviation to oversee financial reporting, planning and analysis functions in the aviation sector. The role involves budgeting, forecasting, and compliance with financial regulations.

The ideal candidate must possess a Bachelor’s degree in finance or accounting, with 10 years of experience in financial management, including 5 years in the aviation industry. This office-based role may require occasional travel to operational sites.

Qualifications

• Bachelor's degree in accounting, finance or a related field, plus professional certification preferred.
• Minimum 10 years of experience in financial management, with at least 5 years in the aviation industry.

Responsibilities

• Oversee day-to-day financial operations including accounts payable/receivable.
• Prepare and present financial statements in accordance with regulations.
• Manage revenue and cost accounting related to aviation operations.
• Support strategic business initiatives such as fleet expansion.

Skills

Knowledge of aviation financial operations

Financial modeling

Leadership skills

Hands-on experience with ERP systems

Knowledge of IFRS

Education

Bachelor’s degree in accounting or finance

Tools

SAP

Job description

Job Purpose

The Finance Manager Aviation is responsible for overseeing the financial reporting, planning and analysis functions within the aviation sector of the organization. The role ensures financial health, cost efficiency and compliance with applicable regulations. The incumbent will play a key role in budgeting, forecasting, cost control and providing strategic financial insights to support decision‑making at all levels.

Job Responsibilities

• Oversee day‑to‑day financial operations including accounts payable/receivable, general ledger, treasury and cash flow management.
• Prepare and present monthly, quarterly and annual financial statements in accordance with relevant accounting standards and aviation industry regulations.
• Prepare annual budgets and conduct monthly reviews of departmental OPEX performance (projection vs. actual), including updates to quarterly rolling forecasts with detailed commentary.
• Support the development of short, medium and long‑term financial projections aligned with business strategy.
• Monitor financial performance, analyze variances and recommend corrective actions.
• Manage revenue and cost accounting related to aviation operations, including ticket sales, ground handling, aircraft maintenance, leasing and charter services.
• Ensure full compliance with tax laws, audit standards and regulatory requirements, including those set by civil aviation authorities.
• Liaise with internal and external auditors, banks, lessors, suppliers and regulatory bodies as needed.
• Support strategic business initiatives such as fleet expansion, route profitability analysis, pricing strategies and capital investment planning.
• Utilize ERP systems (e.g. SAP) and aviation‑specific financial tools for accurate reporting, data analysis and operational efficiency.
• Lead, mentor and develop a high‑performing finance team to meet current and future organizational needs.

Primarily office‑based with occasional travel to operational sites or meetings with business partners. Flexibility to work extended hours during audit periods, financial closings or critical project deadlines.

Skills

• In‑depth knowledge of aviation financial operations, including cost structures, revenue models and relevant regulatory frameworks.
• Strong proficiency in financial modeling, budgeting, forecasting and the use of financial analysis tools.
• Demonstrated leadership, strategic thinking and effective communication skills.
• Hands‑on experience with aviation ERP systems, specifically SAP or similar financial software.
• Knowledge of international financial reporting standards (IFRS) and aviation tax laws is an advantage.

Qualifications & Experience

• Bachelor’s degree in accounting, finance or a related field, plus professional certification preferred: ACCA, CA, CPA, CIMA or equivalent.
• Must have experience working at a well‑reputed chartered accountancy firm.
• Minimum 10 years of experience in financial management, with at least 5 years in the aviation industry.