Finance Manager

Position Title: Finance Manager

Location: Jeddah, Saudi Arabia

Type: Full-time

ABOUT THE CLIENT

A well-established provider in the medical products and healthcare solutions, delivering innovative medical technologies and services to hospitals and healthcare facilities across the Kingdom. They are recognized for their commitment to quality, technical excellence, and advanced healthcare products and solutions.

ABOUT THE ROLE

We are seeking a proactive, experienced, strategic, and hands-on Finance Manager to establish, organize, and lead the company's Accounting and Finance Department. The candidate will be responsible for building a robust finance function that supports the organization's overall business objectives while ensuring financial integrity, operational efficiency, and regulatory compliance. The role will work closely with senior management and all business departments to provide accurate financial information, improve profitability, support strategic decision-making, and drive sustainable business growth.

KEY RESPONSIBILITIES

Finance Department Leadership

• Establish and lead the Accounting & Finance Department, including structure, reporting lines, and team development.
  
• Recruit, mentor, and evaluate finance personnel while fostering a culture of accountability and continuous improvement.
  
• Develop finance policies, SOPs, internal controls, and ensure effective collaboration across business functions.
  

Financial Management & Accounting

• Oversee all accounting operations, including the General Ledger, month-end and year-end closing, and financial reporting.
  
• Ensure accurate and timely preparation of monthly, quarterly, and annual financial statements in compliance with IFRS and company policies.
  
• Review journal entries, reconciliations, and financial records while monitoring financial performance and recommending corrective actions.
  

Budgeting, Forecasting & Financial Planning

• Lead the annual budgeting, forecasting, and long-term financial planning processes.
  
• Monitor budget performance, analyze financial variances, and provide insights to support strategic business decisions.
  
• Prepare financial reports and presentations.
  

Cash Flow & Treasury Management

• Manage cash flow, working capital, liquidity, and banking relationships.
  
• Prepare cash flow forecasts, oversee financing activities, and optimize cash utilization while minimizing financial risks.
  

Cost Accounting & Manufacturing Finance

• Manage manufacturing cost accounting, including standard costing, cost variance analysis, and product costing.
  
• Monitor manufacturing costs to improve profitability and support pricing decisions.
  
• Partner with Operations and Production to enhance cost efficiency and operational performance.
  

Inventory & Supply Chain Finance

• Oversee inventory valuation, reconciliation, physical counts, and stock audits.
  
• Monitor inventory performance and collaborate with Procurement, Warehouse, Production, and Supply Chain teams to strengthen inventory controls.
  

Compliance, Audit & Taxation

• Ensure compliance with IFRS, ZATCA, VAT, statutory reporting, and corporate governance requirements.
  
• Lead internal and external audits and strengthen internal controls.
  
• Ensure timely tax filings and regulatory compliance.
  

ERP Systems & Process Improvement

• Lead ERP implementation and optimization initiatives while driving financial process automation and system integration.
  
• Improve reporting accuracy and identify opportunities to enhance operational and financial efficiency.
  

Strategic Financial Leadership

• Serve as a strategic financial advisor to senior management, supporting business planning, expansion, and investment decisions.
  
• Develop financial KPIs, evaluate business performance, and participate in executive decision-making to drive profitability and sustainable growth.
  

Education

• Bachelor's Degree in Accounting, Finance, Business Administration, or a related field.
  
• CPA, CMA, ACCA or an equivalent professional qualification is highly preferred.
  
• MBA or Master's Degree in Finance or Business Administration is an advantage.
  

Experience

• Minimum 8–10 years of progressive experience in accounting and finance.
  
• Minimum 5 years in a Finance Manager or senior finance leadership position.
  
• Proven experience in establishing, organizing, or restructuring an Accounting and Finance Department.
  
• Experience in manufacturing, trading, distribution, engineering, or project-based organizations is highly preferred.
  
• Experience implementing or improving ERP systems.
  

Technical Skills

• Financial Reporting (IFRS)
  
• Budgeting & Forecasting
  
• Financial Planning & Analysis
  
• Cost Accounting
  
• Inventory Accounting
  
• Manufacturing Costing
  
• Cash Flow & Treasury Management
  
• Internal Controls
  
• Financial Modeling
  
• ERP Systems (SAP, Oracle, Microsoft Dynamics, Odoo, or equivalent)
  
• Advanced Microsoft Excel
  
• Microsoft Power BI or other reporting tools is an advantage
  

Attributes

• Strong leadership and team-building skills.
  
• Excellent strategic planning and business acumen.
  
• Outstanding analytical and problem-solving abilities.
  
• Strong organizational and time management skills.
  
• Excellent communication and presentation skills.