Finance Manager

Full time at a Laimoon Verified Company in Saudi Arabia

Posted on February 15, 2025

Job details

Responsibilities:

Overseeing daily accounting and financial activities within the organization, such as payment collections, invoice payments, and account management.
Ensuring that all financial records are accurate and comply with approved accounting policies.
Preparing monthly, quarterly, and annual financial reports that reflect the organization's financial performance.
Presenting these reports to senior management to support operational decision-making.

Budget Preparation:

Coordinating with various departments to develop the organization's annual budget.
Monitoring budget implementation and ensuring costs do not exceed approved limits.

Cash Flow Management:

Monitoring cash flow to ensure the organization has the necessary liquidity to meet operational needs.
Identifying suitable funding sources if additional capital is required.

Tax Planning:

Ensuring compliance with tax requirements in the Kingdom and preparing the organization's monthly or annual tax reports.
Providing tax planning advice to ensure compliance with tax laws while minimizing tax costs as much as possible.

Financial Account Management and Auditing:

Supervising internal accounting activities to ensure adherence to financial and accounting standards.
Coordinating with internal and external audit teams to verify account accuracy.

Regulatory Compliance:

Ensuring the organization complies with laws and regulations imposed by regulatory bodies in Saudi Arabia, such as the Capital Market Authority and the Saudi Central Bank (SAMA).
Keeping up with legislative and regulatory changes and updating financial policies accordingly.
Conducting financial analyses to provide insights into the organization's financial performance and making recommendations on improving profitability and reducing costs.
Preparing analytical reports to assist management in making strategic investment and financing decisions.

Coordination with Banks and Financial Institutions:

Managing relationships with banks and other financial institutions, including handling loans or facilitating financial transactions.
Overseeing any short-term or long-term financing required by the organization.

Financial Risk Management:

Analyzing financial risks associated with the organization’s brokerage activities.
Proposing solutions to mitigate these risks and ensure the organization's financial stability.

Qualifications and Requirements:

Bachelor’s degree in Accounting, Finance, or Economics. A Master’s degree or professional certifications such as CPA or ACCA would be an added advantage.
5 to 7 years of practical experience in the financial sector, preferably in brokerage firms or similar financial institutions.
Deep understanding of local and international accounting standards.
Strong financial analysis skills, with the ability to interpret financial data and make informed decisions.
Proficiency in using specialized accounting and financial software.
Effective communication skills with various stakeholders (management, auditors, regulatory authorities).

Seniority level:

Mid-Senior level

Employment type:

Full-time

Job function:

Accounting/Auditing and Finance

Industries:

Capital Markets #J-18808-Ljbffr

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Hiring company

Confidential

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Finance Manager

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Home Saudi Arabia Finance Manager

Finance Manager

Job details

Responsibilities:

Qualifications and Requirements:

Seniority level:

Employment type:

Job function:

Industries:

Apply safely

Hiring company

Confidential

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