Financial Manager
Qualifications & Requirements
- Educational Qualifications
Bachelor's degree in Accounting, Finance, Economics, or a related field.
A Master's degree in Business Administration (MBA) or Finance is preferred.
Professional certifications such as CMA, CPA, CFA, or SOCPA are considered an advantage, depending on the position's requirements.
- Professional Experience
Minimum of 7 years of relevant experience in accounting and financial management, including at least 3 years in a supervisory or managerial position.
Previous experience in manufacturing or industrial companies is highly preferred.
Proven experience in budgeting, financial planning, cash flow management, and financial reporting.
Strong background in financial statement preparation, financial analysis, and cost management.
Demonstrated ability to lead and supervise accounting and finance teams.
- Financial and Accounting Knowledge
Comprehensive knowledge of International Financial Reporting Standards (IFRS) as adopted in Saudi Arabia.
Strong understanding of financial accounting, budgeting, forecasting, and financial reporting.
Experience in manufacturing cost accounting, production costing, inventory valuation, and product cost analysis.
Ability to prepare and analyze financial statements, including balance sheets, income statements, and cash flow statements.
- Financial Analysis and Planning Skills
Strong analytical skills to evaluate the company's financial performance.
Ability to analyze revenues, expenses, profitability, and cost-reduction opportunities.
Experience in preparing financial forecasts, feasibility studies, and financial projections.
Ability to conduct budget variance analysis and identify areas for improvement.
Capability to provide financial recommendations to senior management to support strategic decision-making.
- Proficiency in Financial Systems and Software
Proficiency in Enterprise Resource Planning (ERP) systems such as SAP, Oracle, Microsoft Dynamics, or Odoo.
Advanced proficiency in Microsoft Excel.
Experience with accounting software and financial reporting tools.
Ability to improve financial processes, implement internal controls, and enhance reporting efficiency.
- Communication and Reporting Skills
Excellent verbal and written communication skills.
Ability to explain complex financial information clearly to senior management and relevant stakeholders.
Strong financial reporting and presentation skills.
Proficiency in English is required; Arabic language skills are preferred.
Ability to communicate professionally with banks, external auditors, and government authorities.
- Knowledge of Saudi Financial Regulations
Good understanding of financial regulations, taxation requirements, and accounting standards applicable in Saudi Arabia.
Familiarity with the requirements of the Zakat, Tax and Customs Authority (ZATCA), including Value Added Tax (VAT) and electronic invoicing.
Experience in preparing and submitting tax and Zakat returns, where applicable.
Knowledge of financial compliance requirements and internal control procedures.
- Cash Flow Management and Banking Relations
Ability to manage company liquidity and ensure sufficient cash flow to support operational requirements.
Experience in managing bank accounts, credit facilities, and financial obligations.
Ability to prepare short-term and long-term cash flow forecasts.
Experience in maintaining professional relationships with banks and financial institutions.
Ability to monitor loans, financing agreements, and industrial financing facilities, including those provided by the Saudi Industrial Development Fund (SIDF), where applicable.
- Manufacturing Cost Accounting and Inventory Management
Strong experience in manufacturing cost accounting and production cost analysis.
Ability to monitor raw material costs, labor costs, and manufacturing overhead expenses.
Experience in product costing, profitability analysis, and cost optimization.
Ability to supervise periodic and annual inventory counts and fixed asset verification.
Capability to identify cost-saving opportunities, minimize waste, and improve operational efficiency.
- Leadership, Management, and Financial Control
Strong leadership skills with the ability to manage and develop finance and accounting teams.
Experience in establishing and implementing financial policies and procedures.
Ability to strengthen internal controls and manage financial risks.
Ensure accurate accounting records and timely preparation of financial reports.
Maintain strict confidentiality of the company's financial information.
- Personal and Professional Skills
High level of professional integrity and ethical conduct.
Strong attention to detail and accuracy.
Excellent problem-solving and decision-making skills.
Effective organizational and time-management abilities.
Ability to work under pressure and meet deadlines.
Strategic thinking and strong business awareness.
- Audit and Compliance Responsibilities
Coordinate with external auditors and provide all necessary financial documents and information.
Review audit findings and implement appropriate corrective actions.
Ensure the accuracy and reliability of accounting records and financial transactions.
Monitor compliance with the company's approved financial policies and procedures.
Minimum Requirements Education: Bachelor's degree in Accounting, Finance, or a related field.
Experience: Minimum 7 years of relevant experience, including at least 3 years in a supervisory or managerial role.
Preferred Industry: Manufacturing and industrial companies.
Technical Skills: Advanced Microsoft Excel and ERP systems proficiency.
Professional Knowledge: IFRS, manufacturing cost accounting, financial reporting, and Saudi tax regulations.
Languages: Proficiency in English is required; Arabic is preferred.
Professional Certifications: CMA, CPA, SOCPA, or equivalent certifications are an advantage.
Work Location: Kingdom of Saudi Arabia.
Relocation: Candidates must be willing and eligible to relocate to Saudi Arabia.