Finance Manager
Ultimate Peaks Talent & Strategy · Riyadh, Riyadh, Saudi Arabia
Tailor my CV for this job — freeThe Company is seeking an experienced Finance Manager to lead finance and accounting operations in KSA, ensuring accurate reporting, compliance, budgeting, treasury management and business support.Financial Management and ReportingPrepare and review monthly, quarterly and annual financial statementsEnsure monthly financial reports are finalized and submitted within 15 working days following the end of each monthEnsure accurate and timely financial reporting in accordance with applicable accounting standardsMonitor financial performance and provide variance analysis against budgets and forecastsDevelop management reports and dashboards to support decision-makingMaintain a clean and fully reconciled trial balance at all times, ensuring that all balance sheet and profit and loss accounts are supported by accurate reconciliations, schedules and detailed account breakdownsOversee general ledger activities, reconciliations, and month-end and year-end closing processesReconcile intercompany accounts and confirm balances before monthly P&L reportingAdd clear and accurate comments to the P&LEnsure monthly revenue is fully reconciled with operational and business transaction data prior to reporting, with all variances investigated and resolvedMaintain documented monthly revenue reconciliations between financial records and operational systems, ensuring zero unexplained differencesValidate and approve monthly revenue reports only after reconciliation with operational data and supporting metricsEnsure all expenses are recognized in the correct accounting period by recording accruals for goods and services received but not yet invoiced, in accordance with applicable accounting standards and company policiesBudgeting and ForecastingLead the annual budgeting process across departmentsMonitor budget utilization and recommend corrective actions where necessaryAnalyze financial trends and identify opportunities for cost optimizationPerform detailed monthly variance analysis during the reporting cycle for all significant budget versus actual deviations, identifying root causes and providing clear explanations and corrective action recommendationsCash Flow and Treasury ManagementMonitor cash flow requirements and liquidity positionManage banking relationships and financing arrangementsOptimize working capital, including receivables, payables and inventory managementEnsure effective cash management practices are maintainedAccounting and ComplianceEnsure compliance with financial regulations, tax laws and company policiesCoordinate external audits and support internal audit activitiesMaintain strong internal controls and risk management practicesPerform accurate monthly cash account reconciliations for all AR and GL accountsOversee and ensure the completion of monthly physical cash counts for all company cash holdings, including main cash safes, cash vaults and petty cash funds, and reconcile count results with accounting recordsPerform a quarterly physical count of company inventory in warehousesPlan, coordinate and oversee the annual physical verification of all company fixed assets, ensuring asset records are accurate, complete and reconciled with the fixed asset registerFinancial Analysis and Business SupportConduct profitability and cost analysisSupport strategic initiatives with financial modeling and business case developmentProvide recommendations to senior management on financial performance improvementsEvaluate investment opportunities and capital expenditure proposalsRequirementsBachelor's degree in Accounting, Finance or a related fieldMinimum 7-10 years of progressive experience in finance and accounting rolesAt least 3-5 years of relevant experienceProven experience in managing finance operations within a high-volume transaction environmentExperience in revenue reconciliation between financial systems and operational systems is highly preferredProfessional accounting or finance certification is preferred