Finance Operations Manager

A confidential multi-entity organization is seeking an experienced finance leader to oversee day-to-day financial operations across its businesses.

🔹 Job Title: Finance Operations Manager
📍 Location: Dammam, Eastern Province, Saudi Arabia
🔹 Employment Type: Full-Time
🔹 Workplace Type: On-Site
🔹 Required Experience: 8–12 Years
🔹 Managerial Experience: Minimum 3–5 Years
🔹 Industry: Multi-Entity Group and Project Services
🔹 Job Category: Finance and Accounting

🌟 Job Purpose
The Finance Operations Manager will oversee the organization’s daily financial operations and ensure accuracy, compliance and efficiency across accounts payable, accounts receivable, treasury, general ledger, reconciliations, payroll interfaces and financial reporting.

The position acts as a bridge between transactional finance and strategic financial planning, ensuring internal controls remain effective and operational processes support business objectives.

🔹 Financial Operations Management
🔺 Oversee end-to-end finance operations.
🔺 Manage accounts payable and accounts receivable activities
🔺 Supervise general-ledger entries and account reconciliations.
🔺 Oversee treasury and banking activities.
🔺 Monitor bank and balance-sheet reconciliations.
🔺 Ensure timely monthly, quarterly and annual closing.
🔺 Review and approve journal entries and accruals.
🔺 Review month-end adjustments and supporting records.
🔺 Ensure accurate intercompany balances and transactions.
🔺 Maintain compliance with approved finance policies and procedures.

🔹 Treasury and Cash-Flow Management
🔺 Monitor daily and periodic cash flows.
🔺 Prepare liquidity and cash-requirement forecasts.
🔺 Manage and optimize working capital.
🔺 Oversee banking accounts, transfers and transactions.
🔺 Maintain relationships with banks and financial institutions.
🔺 Monitor banking facilities and guarantees when applicable.
🔺 Ensure adequate liquidity for operating and project obligations.
🔺 Prioritize payments and collection activities.
🔺 Monitor receivables and collection cycles.
🔺 Support initiatives to improve cash conversion and reduce delays.

🔹 Compliance and Financial Controls
🔺 Ensure compliance with Saudi financial regulations.
🔺 Monitor Zakat and value-added tax requirements.
🔺 Ensure compliance with ZATCA regulations.
🔺 Support compliance with the Wage Protection System.
🔺 Ensure accurate GOSI contributions and records.
🔺 Monitor financial requirements related to Saudi labor regulations.
🔺 Ensure compliance with International Financial Reporting Standards.
🔺 Maintain compliance with Saudi accounting requirements.
🔺 Develop and maintain robust internal controls.
🔺 Enforce finance policies across all subsidiaries.
🔺 Identify control weaknesses and implement remediation plans.
🔺 Protect company assets and reduce financial and fraud risks.

🔹 Audits and Regulatory Coordination
🔺 Coordinate with external auditors during statutory audits.
🔺 Prepare financial records and supporting evidence.
🔺 Track audit findings and corrective-action plans.
🔺 Work with regulatory bodies during reviews and inspections.
🔺 Coordinate with tax and Zakat consultants.
🔺 Liaise with ZATCA, GOSI and other government entities.
🔺 Respond to regulatory requests within required timelines.
🔺 Maintain audit-ready financial records and documentation.

🔹 Reporting and Financial Analysis
🔺 Prepare accurate and timely financial and management reports.
🔺 Develop financial dashboards and performance indicators.
🔺 Prepare budget-versus-actual variance analyses.
🔺 Explain financial deviations and recommend corrective action.
🔺 Present reports and analysis to senior management.
🔺 Provide visibility into liquidity, profitability and costs.
🔺 Prepare cost analysis by project, entity or business line.
🔺 Evaluate project, contract and business profitability.
🔺 Identify financial and operational improvement opportunities.
🔺 Support decisions through reliable financial information.

🔹 Budgeting and Forecasting
🔺 Support annual budgeting across the group.
🔺 Coordinate budget inputs from departments and subsidiaries.
🔺 Prepare and review periodic financial forecasts.
🔺 Support short-, medium- and long-term financial planning.
🔺 Review assumptions related to revenue, costs and projects.
🔺 Monitor actual performance against forecasts and budgets.
🔺 Prepare financial scenarios and sensitivity analyses.
🔺 Support management in evaluating growth and investment plans.

🌟 Business Sectors
The position may support subsidiaries or business units operating in areas such as:
🔹 Facilities Management.
🔹 Construction.
🔹 Engineering.
🔹 Technology.
🔹 Manufacturing.
🔹 Oil and Gas Services.
The Finance Operations Manager will standardize finance practices while addressing the specific requirements of each entity or sector.

🔹 Process Improvement and Systems
🔺 Lead automation of finance processes.
🔺 Standardize finance procedures across subsidiaries.
🔺 Reduce manual processing and duplicate work.
🔺 Shorten monthly and annual closing timelines.
🔺 Improve approval workflows and system controls.
🔺 Identify opportunities to improve efficiency and accuracy.
🔺 Develop standard operating procedures for finance operations.
🔺 Monitor implementation and measure improvement results.
🔺 Ensure the integrity and quality of financial data.

🔹 ERP and Oracle Fusion
🔺 Oversee usage of Oracle Fusion finance modules.
🔺 Ensure data accuracy and integrity within ERP systems.
🔺 Monitor integration between finance and operational modules.
🔺 Resolve system-related finance issues.
🔺 Optimize system configurations and financial reports.
🔺 Work with IT teams and vendors on system enhancements.
🔺 Train finance employees on correct system usage.
🔺 Monitor user access and system permissions.
🔺 Ensure effective approval and documentation workflows.

🔹 Team Leadership
🔺 Lead and manage the finance-operations team.
🔺 Supervise AP, AR and Treasury specialists.
🔺 Oversee accountants and finance professionals.
🔺 Allocate work according to volume and business priorities.
🔺 Establish team key performance indicators.
🔺 Monitor productivity, accuracy and deadline compliance.
🔺 Conduct regular performance reviews.
🔺 Coach and develop finance-team members.
🔺 Implement performance-improvement plans when required.
🔺 Build a collaborative, accountable and results-oriented team.

🔹 Cross-Functional Coordination
🔺 Coordinate with Human Resources regarding workforce and payroll costs.
🔺 Work with Procurement on suppliers, payments and contracts.
🔺 Collaborate with Business Development and Bidding teams.
🔺 Review financial elements of bids and tenders.
🔺 Analyze project budgets and resource costs.
🔺 Review payment terms, guarantees and contract conditions.
🔺 Work with Operations and Project teams to improve financial control.
🔺 Support departments in understanding finance policies and procedures.

🔹 Stakeholder and Vendor Management
🔺 Maintain professional relationships with banks.
🔺 Coordinate with auditors and tax consultants.
🔺 Liaise with government and regulatory authorities.
🔺 Monitor external financial-service providers.
🔺 Review contracts and costs related to finance services.
🔺 Ensure timely resolution of finance-related queries.
🔺 Represent the finance function in internal and external meetings.

🔹 Bachelor’s degree in:
Finance.
Accounting.
Or a related field.
🔹 A master’s degree or MBA is preferred.
🔹 Eight to twelve years of progressive finance experience.
🔹 At least three to five years in a managerial position.
🔹 Strong end-to-end finance-operations experience.
🔹 Experience in AP, AR, Treasury and General Ledger.
🔹 Experience in financial closing, reporting and reconciliations.
🔹 Experience within a multi-entity group structure.
🔹 Facilities Management, Construction or Engineering experience is preferred.
🔹 Manufacturing or Oil and Gas experience is an advantage.
🔹 Strong knowledge of Saudi Zakat and VAT regulations.
🔹 Knowledge of WPS and GOSI requirements.
🔹 Strong understanding of IFRS and Saudi accounting standards.
🔹 Experience in internal controls and financial-risk management.
🔹 Proficiency in Oracle Fusion or a similar ERP system.
🔹 Advanced Microsoft Excel skills.
🔹 Experience in financial modeling and reporting tools.
🔹 Strong leadership, communication and stakeholder-management abilities.
🔹 Ability to manage multiple priorities and tight deadlines.

🌟 Preferred Certifications
One of the following qualifications is preferred:
🔹 CPA – Certified Public Accountant.
🔹 CMA – Certified Management Accountant.
🔹 ACCA – Association of Chartered Certified Accountants.
🔹 A similar professional finance or accounting qualification.

🌟 Required Skills
🔹 Finance operations management.
🔹 Accounts payable, receivable and treasury.
🔹 Financial closing and reconciliations.
🔹 VAT, Zakat and Saudi compliance.
🔹 IFRS and internal controls.
🔹 Budgeting and forecasting.
🔹 Cost and profitability analysis.
🔹 Oracle Fusion and ERP systems.
🔹 Finance-team leadership.
🔹 Process improvement and automation.