Director Finance

About the Role

Red Sea Global is seeking a highly skilled and experienced Director Finance for Amrak Facilities Management Company, a subsidiary based in Umluj, Tabuk, Saudi Arabia. This full-time role involves leading the finance department and ensuring robust financial management within the facilities management sector. The ideal candidate will possess strong knowledge of financial management principles and extensive experience with IFRS (International Financial Reporting Standards).

Key Responsibilities

• Lead budgeting and forecasting processes, monitoring actual performance against budget, and providing detailed analysis and recommendations.
• Analyze and create financial statements to ensure accuracy and compliance with generally accepted accounting practices.
• Identify potential cash flow problems and financial irregularities.
• Liaise with department heads to ensure adherence to budget.
• Prepare tax returns accurately and ensure timely payment of company taxes, including Withholding Tax and VAT.
• Supervise and provide guidance to account clerks and junior accounting staff.
• Provide regular updates to management regarding company finances.
• Ensure company compliance with accounting legislation and IFRS standards.
• Set up, build, and develop the Accounting Operations Team and supervise their activities.
• Prepare financial reports and manage monthly closing processes.
• Develop and implement the company’s financial strategies, aligning them with business goals and growth objectives.
• Oversee the preparation of monthly, quarterly, and annual financial statements, ensuring accurate and timely reporting to senior management and stakeholders.
• Manage the company’s cash flow to ensure sufficient liquidity for operational needs and strategic initiatives.
• Establish and maintain strong internal controls, ensuring compliance with financial regulations, accounting standards, and company policies.
• Identify financial risks and develop mitigation strategies to ensure financial stability.
• Oversee the implementation and maintenance of financial systems and software for accurate and efficient processes.
• Lead and mentor the finance team, fostering a collaborative and high-performance environment.
• Liaise with internal and external auditors, tax advisors, and other key stakeholders.
• Lead or support special financial projects such as acquisitions, cost/value analysis, or financial modeling.

Qualifications and Experience

• Over 10 years of experience in finance.
• Strong knowledge of financial management.
• Familiarity with the Facilities Management Sector.
• Extensive knowledge of IFRS (International Financial Reporting Standards).

Work Environment

The Director Finance will operate within Amrak Facilities Management Company, a subsidiary of Red Sea Global. This role involves coordination across various departments including Admin, Legal, Projects, Procurements, Marketing, and Audit, ensuring financial alignment and compliance throughout the organization.