Finance Manager

About the Role

Malaa is seeking a Finance Manager to lead the daily finance function for Credit Line and relevant Malaa entities in Riyadh, Saudi Arabia. This full-time role ensures accurate accounting, timely financial and regulatory reporting, disciplined liquidity management, effective internal controls, and compliance with IFRS, SAMA, CMA, ZATCA, Saudi Companies Law, and approved Group policies. The Finance Manager will support the Group CFO by providing reliable management information, coordinating budgeting, managing audit processes, supervising the finance team, and driving continuous process improvement.

Key Responsibilities

• Manage the general ledger and oversee monthly, quarterly, and annual close processes, including journal review, accruals, provisions, prepayments, depreciation, amortisation, reclassifications, and consolidation submissions.
• Prepare and review management accounts, statutory financial statements, balance-sheet reconciliations, cash-flow reporting, and analysis of material movements and variances.
• Ensure appropriate IFRS accounting for financing activities, revenue and fees, financial instruments and ECL, leases, intangible assets, related parties, provisions, and entity-specific transactions.
• Coordinate annual budgets, rolling forecasts, long-range plans, and monthly budget-versus-actual reporting across business and support functions.
• Manage daily cash positioning, liquidity forecasts, funding requirements, payment planning, bank accounts, authorised signatories, and treasury controls.
• Coordinate accurate and timely SAMA, CMA, and other regulatory returns, ensuring reconciliation to the general ledger and documented data lineage.
• Oversee VAT, withholding tax, zakat or corporate tax schedules and filings, including correct treatment of domestic and cross-border transactions.
• Oversee vendor onboarding, purchase orders, invoice processing, employee expenses, payment runs, and open-commitment reporting.
• Maintain finance policies, procedures, process narratives, risk and control matrices, and close checklists.
• Lead finance support for internal and external audits, prepare schedules and technical responses, and ensure timely remediation of findings.
• Oversee effective use of the accounting or ERP system, chart of accounts, master data, posting rules, user access, interfaces, workflows, and period controls.
• Supervise, coach, and develop finance staff, allocating work and reviewing deliverables.
• Act as the principal finance contact for Operations, Credit, Risk, Compliance, Technology, Procurement, Human Resources, and other business functions.

Qualifications and Experience

• A minimum of 5 to 10 years of experience in finance management.
• Demonstrated experience in financial accounting, reporting, budgeting, and performance management.
• Strong understanding of treasury, liquidity management, and reconciliations.
• Proven ability to ensure regulatory, tax, and statutory compliance.
• Experience with payables, procurement, and expense governance.
• Proficiency in internal controls, audit coordination, and governance.
• Experience with finance systems and process improvement initiatives.
• Leadership experience with the ability to supervise and develop finance staff.

Required Skills

• In-depth knowledge of IFRS, SAMA, CMA, ZATCA, and Saudi Companies Law.
• Strong analytical skills for financial insight and variance analysis.
• Ability to challenge assumptions and validate inputs effectively.
• Excellent communication skills for presenting financial results and regulatory implications.
• Proficiency in accounting/ERP systems and financial reporting tools.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia, requiring active collaboration with various business and support functions across the organisation.