Manager Finance

About Red Sea Global and RSSE

Red Sea Global (RSG) is seeking a Manager - Finance for its subsidiary, Red Sea Sports & Entertainment (RSSE). RSSE focuses on delivering land and marine experiences at The Red Sea destination, managing various sports and recreational activities including water sports (Galaxea), adventure sports (Akun), and general recreation (WAMA). RSSE is integral to the partnership between Red Sea Global and the Saudi Olympic & Paralympic Committee, aiming to create inclusive and accessible sports and recreation experiences. This full-time position is based in Riyadh and requires 5-10 years of experience.

Role Purpose

The Manager - Finance will manage RSSE's day-to-day financial operations, reporting, and budget control across all its brands and activities. This role operates under the direction of the Cluster Manager – Finance, ensuring accurate transaction recording and the implementation of controls in line with IFRS, company policies, and the Delegation of Authority (DoA). The position is also responsible for providing timely financial information to management to support decision-making.

Key Responsibilities

• Manage RSSE's daily finance operations, including Accounts Payable (AP), Accounts Receivable (AR), General Ledger (GL), cash management, and bank reconciliations.
• Execute month-end and year-end close processes in SAP, covering accruals, Goods Receipt/Invoice Receipt (GR/IR), vendor advances, and unbilled revenue.
• Prepare and submit closing files to the Senior Manager for review.
• Generate monthly and quarterly management reports and conduct variance analysis for RSSE and its individual brands.
• Collaborate with brand and operations teams to prepare annual budgets and forecasts, submitting them for review and approval.
• Monitor Operating Expenses (OPEX) and Capital Expenditures (CAPEX) against approved budgets, escalating any overruns or unbudgeted requests.
• Verify Purchase Requisitions (PRs), invoices, and payments against approved Purchase Orders (POs), Work Completion Certificates (WCCs), and the DoA prior to approval.
• Ensure Finance reviews pricing, packages, and commercial agreements, and that they are approved under the DoA.
• Prepare intercompany recharges and reconciliations with RSG entities and partners, and follow up on collections.
• Ensure compliance with International Financial Reporting Standards (IFRS), VAT/ZATCA regulations, and internal control requirements.
• Support internal and external audits, and follow up until audit findings are resolved.
• Conduct financial analysis, Return on Investment (ROI) assessments, and prepare dashboards to support management decisions.
• Support CAPEX tracking and maintain an accurate fixed asset register.
• Supervise and develop the RSSE finance team, including Specialists and Senior Specialists.

Managerial Responsibilities

• Provide input to the Department's strategy from the Section's perspective, aligned with RSSE's vision and mission.
• Contribute to the development of the Section's objectives, Key Performance Indicators (KPIs), and operational plans, ensuring targets are met.
• Participate in budget preparation and monitor financial performance.
• Implement finance policies and procedures and ensure adherence.
• Ensure the Section is adequately staffed and its personnel are developed, in coordination with higher management.

Experience and Qualifications

Candidates should possess 5-10 years of relevant experience in finance operations and management. A strong understanding of IFRS, internal controls, and financial reporting is essential for this role.

Location and Work Type

This is a full-time position based in Riyadh, Saudi Arabia.