Finance Manager📣 Job Ad

About the Role

KAFAAT Recruitment is seeking a Finance Manager for one of its clients, a full-time position based in the Eastern region of Saudi Arabia. This role is central to managing the company’s financial operations, including budgeting, reporting, cash flow, and financial controls. The Finance Manager will play a crucial part in supporting residential and commercial real estate projects by closely monitoring their financial performance.

Role Context and Impact

The Finance Manager is responsible for ensuring the financial health and strategic growth of the company, with a particular focus on real estate ventures. This involves comprehensive oversight of project costs, revenues, and profitability to inform key business decisions. The role requires a professional with 5-10 years of experience in finance management, capable of providing robust financial insights and strategic recommendations to senior management.

Key Responsibilities

• Prepare and manage annual budgets, financial forecasts, and long-term financial plans.
• Monitor project budgets, development costs, operating expenses, revenues, and profitability.
• Manage cash flow, working capital, banking relationships, and funding requirements.
• Prepare monthly, quarterly, and annual financial statements and management reports.
• Conduct financial analysis and feasibility studies for real estate developments and investments.
• Develop financial models for residential and commercial projects.
• Monitor sales collections, rental income, receivables, payables, and escrow accounts.
• Oversee project accounting and ensure accurate allocation of development and construction costs.
• Track budget variances and provide recommendations for corrective action.
• Ensure compliance with IFRS, taxation requirements, ZATCA regulations, and internal policies.
• Coordinate external audits and manage relationships with auditors, banks, investors, and financial institutions.
• Establish and maintain effective internal controls, financial policies, and approval procedures.
• Review contracts and evaluate their financial and commercial implications.
• Support senior management with financial insights and strategic recommendations.
• Supervise and develop the accounting and finance team.

Qualifications and Experience

• A minimum of 7 to 10 years of experience in finance management.
• Demonstrated expertise in financial operations, budgeting, reporting, and cash flow management.
• Proven ability to conduct financial analysis and develop financial models.
• Strong understanding of IFRS, taxation requirements, and ZATCA regulations.
• Experience in overseeing project accounting and managing financial controls.

Work Environment

This is a full-time position located in the Eastern region of Saudi Arabia. The Finance Manager will lead and develop the accounting and finance team, fostering a collaborative and compliant financial environment. The role involves managing relationships with various external stakeholders, including auditors, banks, investors, and financial institutions.

Application Process

Candidates who meet the specified qualifications and experience are encouraged to apply. Further details regarding the application process will be provided upon initial contact.