Financial Operations Manager

About the Role

Reef Group is seeking an experienced Financial Operations Manager to oversee the company's daily financial operations. This full-time role, based in Riyadh, Saudi Arabia, involves ensuring the accuracy and integrity of financial records and compliance with approved financial policies, procedures, and accounting standards. The manager will be responsible for accounting operations, financial closing activities, reconciliations, financial reporting, and accounts receivable and payable, while supporting financial control, operational efficiency, and informed decision-making across the group.

Key Responsibilities

• Oversee the recording and processing of all daily financial transactions.
• Review and approve accounting journal entries, ensuring accuracy and completeness before financial closing.
• Manage monthly, quarterly, and annual financial closing processes according to approved timelines.
• Prepare and review financial statements, including the Income Statement, Balance Sheet, and Cash Flow Statement.
• Monitor general ledger balances and ensure timely and accurate account reconciliations.
• Oversee bank reconciliations and ensure the accuracy of related financial transactions.
• Manage Accounts Receivable and Accounts Payable operations, ensuring compliance with approved procedures.
• Develop and improve accounting processes and procedures to increase efficiency and reduce operational errors.
• Ensure compliance with International Financial Reporting Standards (IFRS) and internal financial policies and procedures.
• Coordinate with internal and external auditors, providing required financial information and supporting documentation.
• Support the annual budgeting process in coordination with the Financial Planning & Analysis (FP&A) team.
• Monitor financial variances, analyze root causes, and provide recommendations for corrective actions.
• Supervise the accounting team, assign responsibilities, monitor performance, and support continuous development.
• Prepare periodic financial reports and analysis for senior management to support business decision-making.
• Ensure proper financial controls are maintained across accounting operations.
• Identify operational and financial risks within accounting processes and recommend appropriate corrective actions.
• Monitor the accuracy, completeness, and timeliness of financial data across the company's ERP and financial systems.

Key Performance Indicators

• Accuracy rate of accounting journal entries.
• Financial closing timeliness and compliance rate.
• Timeliness and readiness of financial statements.
• Reduction rate of identified financial errors.
• Compliance rate with financial policies and procedures.
• Accuracy and timeliness of account reconciliations.
• Effectiveness of accounting operations and internal controls.

Required Experience

• 5-10 years of experience in financial operations or a related field.

Work Environment

This role offers an opportunity to join a dynamic and growing organization. The Financial Operations Manager will play a key role in ensuring the stability, accuracy, and efficiency of financial operations, contributing to strengthened financial controls, improved accounting processes, and informed decision-making across Reef Group.

Additional Duties

• Perform any other duties or responsibilities assigned by the direct manager or their delegate.