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.

Role Overview:
The MENAT Finance Manager will play a key role in financial planning, analysis, and reporting, ensuring accurate cost allocations and provision calculations. The role involves close collaboration with various departments to support strategic decision-making and optimize financial performance.

Key Responsibilities:

• Be the Finance Business Partner to the MENAT General Manager.
• Monthly performance review of the Region.
• Recurring touchpoints with local Distributors to review their sales to the trades, stock reconciliations, and track any X-charge invoice.
• Participation in the S&OP process with Supply team and Distributors.
• Review Stock coverage.
• Challenge Demand forecasts.
• Conduct marketing costs reviews with Regional/Country Managers and Marketing department to ensure budget alignment.
• Oversee SG&A costs allocation and review with Regional/Country Managers.
• Review transportation costs in coordination with the Supply team to optimize efficiency.
• Revalue provisions and accruals for monthly closings, ensuring accurate financial reporting (returns, FOC, bonuses, rebates, etc.).
• Track cash collection with customers in the region and perform credit analyses.

Candidate Profile:

• Education: Bac+5 in Finance, Accounting, or Business Management.
• Experience: 5+ years prior experience in financial analysis, controlling.
• Experience in Consumer Health or FMCG environment is a plus.
• Technical Skills: Strong analytical skills with proficiency in financial reporting and cost control.
• Mastering Microsoft Excel (pivot tables, financial modeling, data analysis).
• Experience with ERP systems (knowledge of Microsoft AX is a plus).
• Languages: Fluent in Arabic and English.
• Personal Attributes: Detail-oriented with strong problem-solving abilities, ability to work cross-functionally, and proactive with a strong interest in process improvements.