Finance Manager📣 Job Ad
| Contract Type | Full-time | |
| Workplace type | On-site | |
| Location | Makkah |
About the Role
Qanoniah, an AI-powered legal tech company in Saudi Arabia, is seeking a highly motivated and experienced Finance Manager to establish and lead its finance function. As the first dedicated finance hire, this role is pivotal in building the company's financial infrastructure from the ground up. You will work closely with the CEO, taking a hands-on approach to accounting, financial planning, and supporting the company's growth and fundraising initiatives. This position offers a clear path to becoming a CFO as the company scales. Qanoniah's AI-powered legal assistant is a critical tool for major enterprises and government entities across the Kingdom, streamlining complex legal processes. This is an opportunity to be at the forefront of the financial strategy of one of the fastest-growing AI companies in the region.
Key Tasks and Responsibilities
- Establish and build the finance and accounting function from scratch, including defining structure, policies, systems, and workflows.
- Oversee and manage the full-cycle accounting operations, including general ledger, AP/AR, payroll, and monthly/annual closings in accordance with International Financial Reporting Standards (IFRS).
- Ensure strict compliance with all relevant Saudi Arabian regulations, including Zakat, Tax and Customs Authority (Zakat, VAT, E-invoicing/Fatoorah), General Organization for Social Insurance (GOSI), Madad platform, and payroll systems (WPS).
- Develop, maintain, and own the company's financial model, budgets, forecasts, and comprehensive cash flow and runway planning.
- Track and report on key SaaS metrics such as Annual Recurring Revenue/Monthly Recurring Revenue (ARR/MRR), revenue recognition, deferred revenue, churn rate, Customer Acquisition Cost (CAC), and Customer Lifetime Value (LTV).
- Prepare investor-ready financial statements and manage data rooms, providing essential support for fundraising activities and due diligence processes.
- Hire, train, and lead accounting staff as the company's finance team grows.
Qualifications and Requirements
- A minimum of 5-8 years of combined accounting and finance experience.
- Proven strength in hands-on accounting (including closing books and ensuring compliance) and strategic finance (including financial modeling, budgeting, and investor reporting).
- Demonstrated experience as a first finance hire or in building and scaling a finance function within a startup or SME environment is highly desirable.
- In-depth knowledge of Saudi Arabian financial regulations, specifically Zakat, Tax and Customs Authority (Zakat, E-invoicing, VAT), General Organization for Social Insurance (GOSI), and payroll requirements under labor law.
- Proficiency in accounting systems and Enterprise Resource Planning (ERP) systems such as Zoho Books, QuickBooks, Odoo, or NetSuite, along with advanced Excel skills for financial modeling.
- A Bachelor's degree in Accounting or Finance is mandatory.
- Membership in the Saudi Organization for Certified Public Accountants (SOCPA) is a required qualification.
- Fluency in both Arabic and English is essential.
- Must be based in or willing to relocate to Makkah.
Core Skills
- Finance
- Accounting
- Full-cycle accounting
- General ledger management
- Accounts Payable (AP) and Accounts Receivable (AR)
- Payroll processing
- Monthly and annual closing procedures
- International Financial Reporting Standards (IFRS)
- Zakat, Tax and Customs Authority (Zakat, E-invoicing/Fatoorah, VAT) compliance
- General Organization for Social Insurance (GOSI), Madad platform, and payroll systems (WPS) regulations
- Financial modeling
- Budgeting and forecasting
- Cash flow planning and runway analysis
- SaaS metrics analysis (ARR/MRR, revenue recognition, deferred revenue, churn, CAC, LTV)
- Investor-ready financial statement preparation and data room management
- Fundraising support and due diligence support
- Hiring and training accounting staff
- Team leadership
- Strategic finance
- Investor reporting
- Startup finance operations
- Scaling finance functions
- Understanding of Saudi Arabian financial regulations
- Knowledge of payroll requirements under labor law
- Experience with accounting systems and ERPs (*, Zoho Books, QuickBooks, Odoo, NetSuite)
- Advanced proficiency in Excel
- Financial experience in SaaS/subscription models is a plus
- Professional certifications such as CPA, CMA, CFA, or ACCA are beneficial
- Experience implementing ERP systems from scratch is a plus
Work Environment and Location
This is a full-time position requiring presence in Makkah, Makkah Region, Saudi Arabia. It will be an in-office role.
Requirements
- Requires 5-10 Years experience
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