Finance Manager

JOB PURPOSELead the finance function for Shory KSA as its in-country finance lead, ensuring accurate and timely financial reporting, full compliance with Saudi tax, statutory and regulatory requirements, a effective financial controls as the business grows. The role is the finance partner for Shory KSA leadership and the in-country link to Group Finance for reporting, consolidation, intercompany recharges and audit readiness.KEY ACCOUNTABILITIESResponsibilities:Financial Reporting ● Own the monthly, quarterly and annual close for Shory KSA under IFRS as endorsed by SOCPA, in line with Group timelines.● Prepare statutory financial statements, coordinate the external audit and complete the annual filing on the Qawaem platform.● Deliver management and KPI reporting with commentary on performance, cash, receivables, insurer balances and key variances against budget and forecast, to Shory KSA leadership and Group Finance.Group Reporting & Consolidation● Prepare and submit the monthly, quarterly and annual reporting packs to the UAE parent and Group Finance in line with Group templates, timelines and accounting policies.● Map the Shory KSA ledger to the Group chart of accounts and support the consolidation process, including intercompany matching and elimination entries.● Maintain intercompany reconciliations and cost recharges with UAE and Group entities in line with the Group allocation methodology.● Respond to ad hoc information requests from the parent company, Group auditors and advisors.Tax & Zakat (ZATCA)● Prepare Zakat and/or corporate income tax returns, and withholding tax on cross-border payments, for Group Finance approval and filing.● Manage VAT compliance and returns, and maintain compliance with ZATCA e- invoicing (FATOORA) integration requirements.● Support transfer pricing documentation and disclosures for intercompany transactions with Group Tax and external advisors.● Respond to ZATCA queries and assessments, and coordinate any objections.Revenue, Collections ● Oversee revenue recognition, billing and collections, including commission● Prepare cash flow forecasts and manage Saudi banking relationships and payments within the delegation of authority.● Monitor receivables and payables and resolve settlement discrepancies with partners.Payment, Reconciliation & Gateway Monitoring● Monitor daily transaction flows across all payment gateways and channels, tracking success rates, failed and pending transactions and settlement timing.● Oversee daily and monthly reconciliations between the policy/sales platform, payment gateway reports, acquirer settlements and bank statements, and ensure unmatched items are investigated and cleared promptly.● Reconcile premiums collected on behalf of insurers against remittances due, ensuring accurate and timely settlement within agreed terms.● Manage refunds, cancellations, chargebacks and disputes with gateways and acquirers, and ensure they are correctly reflected in the books.● Validate gateway and merchant fees (MDR and transaction charges) against contracted rates and recover any overcharges.● Maintain controls over payment processing and gateway access, and escalate anomalies, outages or suspected fraud to leadership and the relevant teams.Budgeting & Performance● Prepare the Shory KSA annual budget and rolling forecasts as part of the Group planning process.● Track performance against plan, including marketing spend and acquisition cost, and raise risks and opportunities early.● Provide financial analysis for business cases, new partner integrations and commercial initiatives.Controls & Compliance● Operate internal controls covering segregation of duties, approvals, reconciliations and audit trails, appropriate for a pre-IPO group.● Ensure compliance with Companies Law and Commercial Registration obligations, and support any financial reporting required by the sector regulator● Work with People & Culture on payroll accuracy, GOSI, Mudad/WPS and end- of-service provisions.● Keep documentation audit-ready and support Group internal audit and IPO readiness work.Team & Stakeholder Management● Lead, coach and develop the Shory KSA finance team (currently the Senior Officer Finance), including performance management and development planning.● Manage outsourced providers (accounting, tax, audit, payroll) and their deliverables.● Act as finance partner to Shory KSA leadership.QUALIFICATIONS, EXPERIENCE, SKILLSQualifications:● Bachelors degree in Accounting or Finance.● Professional qualification (SOCPA, CPA, ACCA or CMA) preferred.Experience:● 8–10+ years of progressive finance experience, including at least 2–4 years managing a finance team or leading a finance function.● Recent hands-on KSA experience: ZATCA (Zakat/CIT, VAT, WHT), e-invoicing, GOSI, statutory audit and filing.● Experience with payment gateway and high-volume transaction reconciliations.● Insurance, fintech or digital platform experience preferred.Job-Specific Skills:● Strong technical accounting and month-end close discipline.● Working knowledge of Saudi tax and statutory requirements.● Group reporting and consolidation (chart of accounts mapping, intercompany eliminations).● Strong reconciliation and controls mindset.● Budgeting, forecasting and financial analysis.● Proficiency in ERP and reporting tools (TBC: Group ERP).● Fluent Arabic and English.