Finance Manager

About Asas Makeen

Asas Makeen is seeking a Finance Manager to join its team in Riyadh, Saudi Arabia. This is a full-time position focused on leading and overseeing the company’s financial and accounting operations.

Role Overview

The Finance Manager will be responsible for ensuring effective financial planning, reporting, budgeting, cash flow management, and financial control. The role requires strong experience in financial management, with a preference for candidates from the real estate development and investment sector. The ideal candidate will analyze financial performance, evaluate investment opportunities, manage financial risks, and provide strategic financial recommendations to senior management. Strong leadership, analytical, communication, and decision-making skills are essential.

Key Responsibilities

• Participate in developing the Finance Department’s strategic objectives, plans, and financial programs in alignment with company and real estate development goals.
• Oversee financial and accounting operations, ensuring compliance with approved policies, procedures, regulations, and accounting standards.
• Develop and implement financial strategies, policies, and procedures to support financial sustainability and operational efficiency.
• Oversee the preparation of annual budgets, financial forecasts, and projections for the company and its projects, including variance analysis and corrective recommendations.
• Supervise the preparation and review of periodic and year-end financial statements and reports, providing financial analysis to senior management.
• Monitor and analyze the company’s and projects’ financial performance, including revenues, expenses, costs, profitability, and key financial indicators.
• Oversee cash flow, liquidity, and financing requirements to ensure sufficient financial resources and business continuity.
• Supervise accounting operations, financial records, general ledgers, bank accounts, reconciliations, and fixed assets.
• Ensure compliance with applicable financial, accounting, Zakat, and tax regulations and requirements.
• Coordinate internal and external audits and follow up on audit findings, recommendations, and corrective actions.
• Oversee project cost and profitability analysis and monitor the financial performance of real estate projects against approved budgets and forecasts.
• Evaluate real estate projects and investment opportunities from a financial perspective and prepare financial analyses, forecasts, and recommendations to support decision-making.
• Review contracts, agreements, transactions, and financial decisions, assessing their financial obligations, costs, risks, and potential impact on the company.
• Provide financial advice and recommendations to senior management on budgeting, liquidity, financing, costs, investments, and overall financial performance.
• Oversee the development and enhancement of financial and accounting systems and technologies to improve data accuracy, reporting, and operational efficiency.
• Prepare and present financial and management reports highlighting financial performance, key developments, challenges, and areas requiring management attention.
• Lead, supervise, and develop Finance and Accounting team members, ensuring effective performance and compliance with company policies and procedures.
• Identify the Finance Department’s workforce and technology requirements and support the provision of necessary resources.
• Monitor updates to relevant financial and accounting regulations and standards and assess their impact on the company’s policies and practices.
• Perform other duties and responsibilities related to the position as assigned within the approved scope of authority.

Qualifications and Experience

• A minimum of 10 years of experience in financial management.
• Proven experience in the real estate development and investment sector is preferred.
• Demonstrated ability to analyze financial performance, evaluate investment opportunities, and manage financial risks.
• Strong leadership, analytical, communication, and decision-making skills.

Location and Work Type

This full-time position is based in Riyadh, Saudi Arabia.

Application Process

Candidates who meet the above qualifications are encouraged to apply.