Finance Manager📣 Job Ad
| Contract Type | Full-time | |
| Workplace type | On-site | |
| Location | Riyadh |
About the Role
DataVolt, a global leader in sustainable and innovative data center solutions, is seeking an experienced Finance Manager to join our team in Riyadh, Saudi Arabia. We provide businesses worldwide with essential infrastructure for connection, collaboration, and growth in today's data-driven landscape. Our solutions prioritize security, reliability, scalability, and sustainability, enabling clients to achieve true digital transformation. With strategically positioned operations in Riyadh, Dubai, California, Mumbai, and Tashkent, DataVolt is committed to shaping a sustainable digital future through groundbreaking innovation.
As the Finance Manager, you will oversee the end-to-end financial operations of the company, ensuring accuracy, compliance, and efficiency. This role requires a seasoned professional with a strong understanding of financial processes, regulatory requirements, and strategic financial planning within the Middle Eastern market, particularly in the data center industry.
Key Responsibilities
- Manage the complete Purchase and Payable Process, including purchase order placement, goods/services receipt issuance, invoice recording, timely payments, and reconciliation.
- Serve as the primary point of contact for suppliers, maintaining positive relationships and resolving any issues promptly.
- Oversee the Sales and Receivables process, encompassing invoicing and recording, receipt processing, follow-ups, reconciliation, and debtor management.
- Approve Joint Ventures (JV’s), Accounts Receivable (AR), Accounts Payable (AP), Payroll, Fixed Assets, and Banking transactions within the accounting system, ensuring all relevant records are maintained in legally required formats (digital and/or physical).
- Conduct routine and monthly reviews of the Trial Balance, supporting schedules, and reconciliations to maintain clean books of accounts.
- Prepare and review monthly, quarterly, and annual management accounts, including detailed variance analysis against budget, and submit these to relevant stakeholders in a timely manner.
- Lead internal and external audit and review engagements (financial, compliance, or otherwise), coordinating effectively with other departments and stakeholders.
- Ensure timely closure of all audit points identified by auditors.
- Manage Withholding Tax (WHT) and Value Added Tax (VAT) compliance, including monthly return filing and payments, as well as the maintenance of all necessary documentation and records.
- Lead the annual and quarterly tax and Zakat exercises, ensuring timely payments and submission of annual tax/Zakat returns.
- Manage loan drawdowns according to the agreed mechanisms within finance documents and agreements, and ensure timely debt servicing.
- Provide timely reporting to Lenders, the Loan Tài chính Advisor (LTA), the Loan Loss Advisor (LLA), and other relevant advisors, adhering to routine covenants and reporting requirements.
- Maintain strong relationships with lenders, LTA, and LLA to facilitate smooth operational finance.
- Report to Group management and other business partners on a routine and ad hoc basis, covering both financial and non-financial aspects of the business.
- Plan and declare maximum dividend distributions to shareholders while ensuring debt servicing requirements and optimal utilization of working capital facilities are preserved.
Qualifications and Requirements
- Bachelor's degree in Accounting, Finance, Business Administration, or a related field. A Master's degree or professional certification such as CPA, ACCA, CMA, or CFA is preferred.
- A minimum of 10 to 15 years of progressive experience in Finance and Accounting.
- Proven experience within the data center industry is essential.
- Demonstrated experience working within the Middle Eastern market.
- Strong knowledge of International Financial Reporting Standards (IFRS).
- Solid understanding of taxation compliance and audit processes.
- Proficiency in accounting principles, budgeting, forecasting, and variance analysis.
- Hands-on expertise with Enterprise Resource Planning (ERP) systems.
- Advanced proficiency in Microsoft Excel.
- Experience with financial reporting tools.
Required Skills
- Purchase and Payable Process Management
- Sales and Receivables Process Management
- Management of Joint Ventures (JV’s), Accounts Receivable (AR), Accounts Payable (AP), Payroll, Fixed Assets, and Banking transactions
- Trial Balance, schedules, and reconciliation
- Preparation of Management Accounts
- Variance Analysis
- Internal and External Audit coordination and management
- WHT and VAT compliance
- Tax and Zakat compliance and reporting
- Loan Drawdown and Debt Service Management
- Reporting to Lenders and financial advisors
- Dividend Distribution strategy
- Working Capital Management
- IFRS expertise
- Taxation Compliance
- Audit Processes
- Accounting principles
- Budgeting and Forecasting
- ERP systems
- Advanced Excel
- Financial Reporting Tools
Work Environment
This is a full-time position based in Riyadh, Saudi Arabia.
Requirements
- Requires +10 Years experience
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