Manager, Finance (Saudi)📣 Job Ad
| Contract Type | Full-time | |
| Workplace type | On-site | |
| Location | Al Jubail |
About the Role
PaxOcean is seeking a Manager, Finance to join its team in Al Jubail, Saudi Arabia. This full-time position is responsible for overseeing end-to-end finance operations, ensuring robust financial control, compliance with regulations, and alignment with strategic business objectives. The role involves managing cash flow, liquidity, credit risk, costing accuracy, fixed assets, and daily sales outstanding, while also driving improvements in financial processes, particularly in accounts payable and payment systems.
Key Responsibilities
- Oversee daily finance operations, ensuring alignment with Company objectives, policies, and budgets.
- Ensure targeted daily sales outstanding metrics are consistently met.
- Perform thorough credit risk analysis on customers to manage exposure.
- Ensure compliance with all financial policies and procedures across all operational areas.
- Lead initiatives aimed at optimizing financial processes, with a specific focus on accounts payable and payment systems.
- Manage cash flow effectively, ensuring sufficient liquidity to meet operational needs while mitigating financial and interest risks.
- Oversee the costing function to guarantee accuracy in financial reports, promptly clear delta costs, and analyze unusual contribution margins (CM).
- Partner with other departments to develop financial strategies that align with overall business goals.
- Identify and mitigate financial risks associated with operational functions.
- Manage and maintain the fixed asset register, ensuring all capital expenditure additions are properly approved.
- 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 analysis of variances.
- Prepare actual monthly financial reports, including forecasts and variance analysis comparing actual results against budgeted figures.
- Review and submit quarterly VAT returns to ensure compliance with regulatory requirements.
- Oversee annual tax compliance activities, ensuring timely and accurate filings in accordance with ZATCA laws and regulations.
- Liaise effectively with external auditors, tax agents, and banks.
- Undertake and manage other ad-hoc finance-related projects as required.
Qualifications and Requirements
- A minimum of 5 years of experience in finance or accounting.
- At least 3 years of experience in an operational finance role.
- Proven experience in leading and managing a team of at least 5 staff members.
- Strong understanding of financial controls, compliance frameworks, and risk management principles.
- Excellent analytical and problem-solving skills.
- Proficient communication skills, enabling effective interaction with diverse stakeholders.
- Ability to collaborate effectively with different departments across the organization.
- A hands-on approach, capable of leading by example and coaching team members.
- Demonstrated ability to manage multiple priorities simultaneously and meet strict deadlines.
- Bachelor's degree in Accounting or Business Administration.
Required Skills
- SAP proficiency
- Advanced Excel skills
- Financial Controls
- Compliance Management
- Risk Management
- Analytical Skills
- Problem Solving
- Communication Skills
- Collaboration
- Leadership
Work Environment
This is a full-time position based in Al Jubail, Saudi Arabia. The role requires a minimum of 5 years of experience, with at least 3 years in an operational finance capacity, and proven experience managing a team of at least 5 individuals. The ideal candidate will possess a Bachelor's degree in Accounting or Business Administration.
Requirements
- Requires 5-10 Years experience
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