Finance Manager

Coefficient Alliances & Ventures (Coefftalent) · Dammam, Eastern, Saudi Arabia

Engagement details:Job Title: Finance ManagerClient: Prominent Regional Corporate Firm - Oil & Gas

Department: Finance & AccountsReporting To: Plant Operations HeadEmployment type: Permanent role

Location: Onsite in Dammam, KSAExperience level: 10 - 15 years*This opportunity is open to talented professionals from across the globe.About the Joint Venture:The JV is a strategic joint venture focused on the manufacturing, remanufacturing, repair, and servicing of critical components for the Oil & Gas industry.

Combining world-class manufacturing expertise with advanced engineering capabilities, the organization delivers high-quality products and solutions that meet international standards and customer expectations. The company is committed to operational excellence, innovation, safety, quality, and continuous improvement across its operations.

Role Summary

The Finance Manager will be responsible for the overall financial management of the JV, ensuring robust financial controls, accurate reporting, effective budgeting, cash flow management, cost control, compliance, and business performance analysis.The role will act as a strategic business partner to the Plant Operations Head and leadership team by providing financial insights that support operational efficiency, profitability, working capital optimization, investment decisions, and sustainable business growth. The position requires strong experience in manufacturing finance, inventory valuation, project costing, ERP systems, and financial planning within industrial or Oil & Gas manufacturing environments.

Key Responsibilities

1) Financial Planning & Budgeting Lead annual budgeting and forecasting activities.Develop long-term financial plans aligned with business objectives.Monitor budget utilization and variance analysis.Support leadership in financial decision-making processes.Prepare rolling forecasts and business performance projections.2) Financial Reporting & AnalysisPrepare monthly, quarterly, and annual financial reports.Ensure accurate and timely management reporting.Analyze business profitability and operational performance.Provide detailed cost and margin analysis.Present financial results to management and JV stakeholders.3) Cost Management & Manufacturing FinanceOversee product costing and manufacturing cost analysis.Monitor material, labor, overhead, and operational expenses.Manage inventory valuation and work-in-progress accounting.Review cost variances and recommend corrective actions.Drive cost optimization initiatives across operations.4) Cash Flow & Working Capital Management Monitor cash flow requirements and liquidity.Manage receivables, payables, and working capital.Optimize inventory investments.Support cash forecasting and treasury activities.Improve cash conversion cycle performance.5) Financial Controls & ComplianceEnsure compliance with IFRS, corporate policies, and regulatory requirements.Develop and maintain robust internal control systems.Monitor financial risks and recommend mitigation actions.Ensure adherence to company governance practices.Support risk management initiatives.6) Audit & Tax ManagementCoordinate internal and external audits.Ensure timely closure of audit observations.Support statutory reporting requirements.Manage VAT and other regulatory compliance activities.Maintain audit readiness at all times.7) ERP & Systems ManagementEnsure integrity and effectiveness of financial systems.Support ERP implementation and optimization initiatives.Improve reporting automation and financial data accuracy.Establish efficient financial workflows and controls.8) Business PartneringCollaborate with Operations, Supply Chain, Quality, HR, and Sales teams.Support capital investment decisions.Evaluate financial feasibility of new projects.Provide strategic recommendations to management.Drive financial awareness across departments.9) Health, Safety & EnvironmentComply with all company HSE requirements.Support company sustainability initiatives.Participate in risk assessments and compliance programs.Promote a culture of accountability and ethical conduct.Educational & Experience requirementsBachelor's Degree in Finance, Accounting, Commerce, or related discipline.Preferred Qualifications - CA, ACCA, CMA, CPA, MBA Finance10 - 15 years of experience in Finance and Accounts.Minimum 5 years in a leadership role.Experience within Manufacturing, Industrial Engineering, Oil & Gas, Heavy Engineering, or Production environments.Strong exposure to manufacturing costing, inventory accounting, and business finance.Experience handling audits, compliance, budgeting, and ERP systems.Technical Competencies: Financial Planning & Analysis (FP&A), Budgeting & Forecasting, Manufacturing Costing, Inventory Valuation, Work-In-Progress Accounting, IFRS, Cash Flow Management, Financial Controls, Internal & External Audits, VAT Compliance, ERP Systems (SAP, Oracle, Microsoft Dynamics, etc.), Financial Modeling, Business Performance Analysis, Project Cost Management, Risk Management.Behavioural Competencies: Leadership & Team Management, Strategic Thinking, Business Acumen, Analytical Thinking, Decision Making, Stakeholder Management, Problem Solving, Communication Skills, Accountability & Ownership, Continuous Improvement Mindset.Why Join the JV:The JV provides an opportunity to contribute to a fast-growing Oil & Gas manufacturing organization while partnering with business leaders to drive operational excellence and financial performance. The role offers exposure to strategic decision-making, manufacturing finance, and business growth initiatives within an international industrial environment.