Finance Manager

About Shory Saudi Arabia

Shory Saudi Arabia is seeking a Finance Manager to lead its finance function in Riyadh. This full-time role is central to ensuring accurate and timely financial reporting, compliance with Saudi tax and regulatory requirements, and effective financial controls as the business expands. The Finance Manager will serve as a key finance partner for Shory KSA leadership and the primary link to Group Finance for reporting, consolidation, and audit readiness.

Key Responsibilities

• Manage monthly, quarterly, and annual financial closes for Shory KSA under IFRS, aligned with Group timelines.
• Prepare statutory financial statements, coordinate external audits, and complete annual filings on the Qawaem platform.
• Deliver management and KPI reports with commentary on performance, cash flow, receivables, and variances to budget and forecast.
• Prepare and submit monthly, quarterly, and annual reporting packs to Group Finance, ensuring compliance with Group accounting policies.
• Support the consolidation process, including intercompany matching, elimination entries, and cost recharges.
• Prepare Zakat, corporate income tax, and withholding tax returns for Group Finance approval and filing.
• Manage VAT compliance, ZATCA e-invoicing integration, and support transfer pricing documentation.
• Oversee revenue recognition, billing, and collections, including commission.
• Prepare cash flow forecasts and manage Saudi banking relationships and payments.
• Monitor daily transaction flows across payment gateways, track success rates, and manage settlements.
• Perform daily and monthly reconciliations between platforms, payment gateways, acquirer settlements, and bank statements.
• Reconcile premiums collected on behalf of insurers against remittances due, ensuring accurate and timely settlement.
• Manage refunds, cancellations, chargebacks, and disputes with gateways and acquirers.
• Validate gateway and merchant fees against contracted rates and recover overcharges.
• 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 identify risks and opportunities.
• Provide financial analysis for business cases, new partner integrations, and commercial initiatives.
• Operate internal controls covering segregation of duties, approvals, reconciliations, and audit trails.
• Ensure compliance with Companies Law and Commercial Registration obligations, and support sector regulator reporting.
• Collaborate with People & Culture on payroll accuracy, GOSI, Mudad/WPS, and end-of-service provisions.
• Maintain audit-ready documentation and support Group internal audit and IPO readiness work.

Team and Stakeholder Management

• Lead, coach, and develop the Shory KSA finance team, including performance management and development planning.
• Manage outsourced providers for accounting, tax, audit, and payroll.
• Act as a finance partner to Shory KSA leadership.

Qualifications and Experience

• A minimum of 5-10 years of experience in finance, with a focus on financial reporting, compliance, and controls.
• Demonstrated experience in managing financial operations within Saudi Arabia, including Zakat, VAT, and ZATCA regulations.
• Proficiency in IFRS and SOCPA accounting standards.
• Strong analytical skills and experience with financial planning, budgeting, and forecasting.
• Experience in managing and developing a finance team.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia. The role involves working closely with Shory KSA leadership and Group Finance, managing a local finance team, and coordinating with external service providers.