Finance & Accounting Manager

About the Role

ASAS for Industrial Development (Owned by MODON) is seeking a Finance & Accounting Manager to oversee all financial planning, accounting, and cash flow management activities for the ICP Program. This full-time position is based in Riyadh, Saudi Arabia, and requires 5-10 years of experience. The role ensures effective budget control, financial reporting, and compliance with ASAS standards and program governance requirements.

Key Responsibilities

• Develop, monitor, and control annual and periodic budgets for the ICP Program, tracking expenditures and providing variance analyses.
• Oversee cash flow planning to ensure fund availability and optimal liquidity, coordinating payment authorizations.
• Supervise the accounting function, ensuring accurate and timely financial data, including income statements, balance sheets, and reconciliations.
• Maintain readiness for internal and external audits through accurate financial documentation and ensure compliance with regulatory and internal control requirements.
• Supervise and guide finance controllers and accountants, coordinating with procurement and legal functions to align financial activities.
• Maintain accurate financial records and prepare periodic financial reports and analyses for management.

Financial Planning and Budget Management

• Develop, monitor, and control annual and periodic budgets for the ICP Program.
• Track program expenditures and provide variance analyses to support management decisions.
• Ensure spending aligns with approved financial plans and program objectives.
• Prepare budget forecasts and recommend adjustments to maintain financial sustainability.

Cash Flow and Financial Control

• Oversee cash flow planning to ensure the availability of funds for approved commitments.
• Monitor inflows and outflows to maintain optimal liquidity for program operations.
• Ensure proper authorization and scheduling of payments in coordination with the approval matrix.
• Implement internal financial controls to safeguard assets and prevent irregularities.

Accounting and Reporting Standards

• Supervise the accounting function to ensure accurate and timely financial data.
• Oversee preparation of income statements, balance sheets, and related financial reports.
• Review journal entries, reconciliations, and financial statements for accuracy and compliance.
• Ensure all accounting procedures follow ASAS and program governance standards.

Audit and Compliance

• Maintain readiness for internal and external audits through accurate financial documentation.
• Ensure compliance with regulatory, contractual, and internal control requirements.
• Address audit findings and implement corrective actions when necessary.
• Promote continuous improvement in audit and compliance practices.