Manager Finance (Saudi)

About the Role

PaxOcean is seeking a Manager Finance to join their team in Al Jubayl, Saudi Arabia. This full-time role is responsible for overseeing end-to-end finance operations, ensuring strong financial control, compliance, and alignment with the company’s business objectives.

Role Context and Objectives

The Manager Finance will manage cash flow, liquidity, credit risk, costing accuracy, fixed assets, and daily sales outstanding. A key focus of this position is to drive process improvements, particularly within accounts payable and payment systems. The role also leads budgeting, forecasting, and financial reporting, including variance analysis and project/CAPEX monitoring. Additionally, the Manager Finance ensures compliance with tax, VAT, and regulatory requirements, including ZATCA, and serves as the primary liaison with external auditors, tax agents, and banks. The position involves close collaboration with other departments to support financial strategy and mitigate financial risks.

Key Responsibilities

• Oversee daily Finance operations, ensuring alignment with company objectives, policies, and budgets.
• Ensure targeted daily sales outstanding metrics are met.
• Perform credit risk analysis on customers.
• Ensure compliance with financial policies and procedures across all operations.
• Lead initiatives to optimize financial processes, especially in accounts payable and payments.
• Manage cash flow to ensure sufficient liquidity for operational needs while managing financial and interest risks.
• Oversee the costing function to ensure report accuracy, prompt clearance of delta costs, and analysis of unusual contribution margins.
• Partner with other departments to develop financial strategies aligned with overall business goals.
• Identify and mitigate financial risks associated with operational functions.
• Manage and maintain the fixed asset register, ensuring proper approval for capital expenditure additions.
• Lead the preparation, monitoring, and management of annual budgets, ensuring alignment with business objectives.
• Monitor actual expenditures against approved budgets, including detailed tracking of project/CAPEX costs and variance analysis.
• Prepare actual monthly financial reports, including forecasts and variance analysis comparing actual results against budgeted figures.
• Review and submit quarterly VAT to ensure compliance with regulatory requirements.
• Oversee annual tax compliance activities, ensuring timely and accurate filings in accordance with ZATCA laws and regulations.
• Liaise with external auditors, tax agents, and banks.
• Support other ad-hoc finance-related projects.

Qualifications and Experience

• 5-10 years of relevant experience in finance operations.
• Demonstrated ability to oversee end-to-end finance operations.
• Experience in managing cash flow, credit risk, and fixed assets.
• Proficiency in budgeting, forecasting, and financial reporting.
• Knowledge of tax, VAT, and regulatory compliance, including ZATCA.

Work Environment

This is a full-time position based in Al Jubayl, Saudi Arabia, requiring active collaboration with various departments and external stakeholders.