Finance Manager📣 Job Ad

About the Role

Abunayyan Holding is seeking a Finance Manager to oversee the financial operations for its Integrated Facilities Management (IFM) sector. This position, based in Riyadh, Saudi Arabia, is responsible for ensuring the financial health and strategic growth of the company's facilities services. The Finance Manager will manage all financial activities, including budgeting, forecasting, financial reporting, and compliance, contributing to the operational efficiency and profitability of the organization.

The ideal candidate will have a strong understanding of financial planning, cost control, contract finance, and revenue management within a project-based services industry. This role requires a proactive individual with strong analytical, leadership, and stakeholder management skills, capable of providing financial insights to support senior management decision-making in a dynamic IFM environment.

Key Responsibilities

• Prepare annual budgets for Facilities Management (FM) contracts and corporate functions.
• Develop monthly, quarterly, and annual financial forecasts.
• Monitor financial performance against budgets and report significant variances.
• Implement and maintain cost control measures for Operational Expenditure (OPEX) and Capital Expenditure (CAPEX) across all FM operations.
• Review service provider invoices and subcontractor costs for accuracy and contractual adherence.
• Provide financial support for the pricing and costing of FM bids and tenders.
• Prepare monthly management accounts and financial dashboards for senior management.
• Ensure timely and accurate reporting of financial information to senior leadership, including the CFO and COO.
• Track and report on key performance indicators (KPIs) such as profit margin per contract and cost per facility.
• Monitor revenue recognition processes for all FM contracts, ensuring compliance with accounting standards.
• Ensure adherence to the financial terms of contracts, including Service Level Agreements (SLAs), penalties, and variations.
• Support contract commercial reviews and renegotiations with detailed financial analysis.
• Manage cash flow forecasting and liquidity planning.
• Monitor accounts receivable and implement strategies for timely client collections.
• Optimize working capital across projects and contracts.
• Ensure compliance with International Financial Reporting Standards (IFRS) and relevant local accounting standards.
• Coordinate with internal and external auditors.
• Maintain and enforce internal controls and financial policies.
• Provide financial insights and support to FM operations teams.
• Conduct profitability analysis per site or contract.
• Assist senior management in strategic decision-making with financial data and analysis.

Qualifications and Requirements

• Bachelor's degree in Finance, Accounting, or a closely related field.
• A professional qualification such as CPA, ACCA, CMA, or an equivalent is highly preferred.
• Significant experience in Facilities Management (FM), Integrated Facilities Management (IFM), contracting, or a similar project-based services industry.
• Demonstrated expertise in OPEX and CAPEX management, project costing, contract finance, and budget control.
• Proficiency in advanced Excel functions and experience with Enterprise Resource Planning (ERP) systems, including SAP, Oracle, Maximo, or similar financial management software.
• Strong analytical thinking and commercial awareness.
• Proven leadership and stakeholder management skills.
• Ability to provide effective financial support to operational teams within a fast-paced IFM environment.

Required Skills

• Operational Expenditure (OPEX) Management
• Capital Expenditure (CAPEX) Management
• Project Costing
• Contract Finance
• Budget Control
• Advanced Excel Proficiency
• ERP Systems (SAP, Oracle, Maximo, or similar)
• Analytical Thinking
• Commercial Awareness
• Leadership
• Stakeholder Management

Work Environment and Location

This is a full-time position based in Riyadh, Saudi Arabia. The role operates within the Integrated Facilities Management (IFM) sector of Abunayyan Holding.