Strategic Finance Manager — Budgeting, Cash Flow & Growth

UFCGYMKSA; Riyadh; On-site; SAR 300,000 - 500,000; Full time

Job summary

UFCGYMKSA in Saudi Arabia is seeking a Finance Manager to lead the finance function across budgeting, forecasting, cash flow, and financial reporting. You will strengthen controls, ensure accurate financial information, and provide strategic analyses to support executive decisions.

The role requires a strong background in budgeting, cash management, and governance, with experience in sports clubs, retail, or multi-branch operations preferred.

Qualifications

• Minimum 8 years in finance and accounting.
• At least 3 years in a managerial or supervisory role.
• Experience in sports clubs, fitness, retail, hospitality, or multi-branch service businesses is preferred.
• Strong budgeting, forecasting, cash flow management, and financial reporting.
• Experience dealing with banks, auditors, financing institutions, and government authorities.
• Good knowledge of Saudi Arabian tax, Zakat, and financial regulations.

Responsibilities

• Prepare the annual budget, financial forecasts, and long-term financial plans.
• Monitor actual financial performance against the approved budget and explain significant variances.
• Prepare and review monthly, quarterly, and annual financial statements and management reports.
• Monitor revenue, expenses, profitability, and financial performance by branch, department, and business activity.
• Analyze the financial performance of memberships, personal training, group classes, sports programs, and retail activities.
• Manage the company’s cash flow and ensure sufficient liquidity to meet payroll, supplier payments, and operational obligations.
• Prepare short-, medium-, and long-term cash flow forecasts.
• Supervise accounts payable, accounts receivable, collections, bank reconciliations, and general ledger activities.
• Monitor customer and supplier balances and ensure timely collection and payment of outstanding amounts.
• Review operating expenses and ensure compliance with approved budgets, policies, and delegated authority limits.
• Review purchasing transactions, contracts, and financial commitments before approval.
• Prepare branch profitability, break-even, contribution margin, and variance analysis reports.
• Monitor operating costs, cost of sales, inventory movements, wastage, adjustments, and stock valuation.
• Supervise periodic and annual inventory counts and reconcile physical inventory with financial and operational systems.
• Manage relationships with banks, financial institutions, payment providers, and point-of-sale service providers.
• Monitor loans, banking facilities, financing agreements, repayment schedules, and financial obligations.
• Review payroll, commissions, incentives, and bonuses in coordination with the Human Resources Department.
• Ensure compliance with VAT, Zakat, tax, and other financial and regulatory requirements.
• Coordinate with external auditors, consultants, banks, and government authorities.
• Develop and implement financial policies, procedures, internal controls, and approval authorities.
• Ensure proper integration between accounting systems, membership systems, point-of-sale systems, payroll systems, and inventory systems.
• Lead, supervise, and evaluate the performance of the finance team.
• Provide financial recommendations to senior management regarding cost reduction, revenue improvement, profitability, and operational efficiency.
• Prepare financial feasibility studies for new branches, expansions, investments, and major projects.
• Identify financial and operational risks and recommend appropriate mitigation measures.
• Perform any other finance-related duties assigned by the Chief Executive Officer.

Skills

Financial analysis

Financial reporting

Cash flow management

Budgeting & forecasting

ERP systems

Microsoft Excel

Leadership

English proficiency

Education

Bachelor's in Accounting/Finance

Master's in Finance/Business Administration

SOCPA

CMA

CPA

ACCA

Tools

ERP systems

POS systems

Payroll systems

Inventory systems

Job description

UFCGYMKSA in Saudi Arabia is seeking a Finance Manager to lead the finance function across budgeting, forecasting, cash flow, and financial reporting. You will strengthen controls, ensure accurate financial information, and provide strategic analyses to support executive decisions.

The role requires a strong background in budgeting, cash management, and governance, with experience in sports clubs, retail, or multi-branch operations preferred.