Financial Manager

Purpose of the Job:
To provide strategic leadership and management of the school’s finance function, ensuring strong financial governance, accurate reporting, compliance with regulations, and effective support for strategic decision-making. The Finance Manager is responsible for leading the finance team, maintaining robust systems and controls, and contributing to the long-term sustainability of the school.

Job Responsibilities:

• Leadership & Team Management:
  Lead, motivate, and develop the finance team (Accountant, Accounts Clerk, Procurement Officer), ensuring clarity of responsibilities and accountability.
• Financial Strategy, Planning & Analysis:
  Develop and maintain financial models that support the school’s strategy and growth plans.
• Financial Control & Reporting:
  Ensure accuracy, timeliness, and transparency of financial information, including monthly management accounts and variance analysis.
• Governance, Compliance & Risk Management:
  Ensure compliance with Saudi financial and tax regulations.
• Revenue & Collections:
  Oversee billing and collection of tuition fees and other income streams.
• Procurement & Expenditure Oversight:
  Provide oversight of procurement processes and ensure alignment with budget priorities.
• Stakeholder Engagement & Collaboration:
  Work in partnership with the Head of Finance & Operations and Director on all finance-related matters.
• Systems & Process Improvement:
  Oversee the school’s finance systems, enhancing processes and automation.

Qualifications & Knowledge:
Requires a Bachelor’s degree in Accounting, a professional accounting qualification (CMA, CPA, ACCA or equivalent), and strong knowledge of Saudi finance regulations.

Experience:
A minimum of 10 years’ experience in finance, including at least 5 years in a leadership role, ideally in the education sector.

About the Job:
The Finance Manager at Al Dail will play a crucial role in collaborating with senior management to formulate effective financial strategies. This position demands a deep understanding of managing extensive data, serving as a business partner, and making informed decisions based on regular financial reporting.

Position Objective:

• Lead financial planning, budgeting, and contract management within the Operations Sector.
• Ensure effective allocation, utilization, and control of operational budgets.
• Oversee the development and execution of contracts while ensuring compliance with financial and operational policies.
• Develop and implement strategies aimed at enhancing financial efficiency and resource optimization.
• Conduct financial analysis and risk assessments to promote effective decision-making and improve performance outcomes.
• Ensure timely and accurate financial reporting and performance analysis.
• Support operational planning by fostering efficiency, transparency, and accountability in financial and contractual activities.
• Provide leadership to the Financial & Contract Management team, promoting accountability, growth, and collaboration.
• Drive continuous improvement initiatives for better financial governance and contract management.
• Review existing systems and processes to identify enhancement opportunities.

Qualifications & Experience:

• Bachelor's / Master's degree (MBA) or equivalent in a related field.
• Certification in Advanced Financial Planning and Management (CFA) or an equivalent financial certification; additional training in Contract Management, Procurement, or Risk Management is advantageous.
• A minimum of 15+ years of relevant experience, including 5-6 years in a leadership or managerial role.
• Proven experience in budgeting, financial planning, and contract management within a large or complex organization.
• Expertise in financial control, cost analysis, and budget optimization.
• Experience in vendor and contract management, encompassing drafting, evaluation, and negotiation.
• Ability to coordinate with multiple stakeholders to ensure compliance and operational efficiency.
• Strong analytical, organizational, and problem-solving capabilities.
• Proficiency in financial management systems and Microsoft Office Suite (Excel, PowerPoint, Word).
• Bilingual proficiency in English and Arabic (written and spoken) is required.