Assistant Manager – Accounts and Finance (Saudi Arabia) Riyadh

Requirements

Requires 5 or more years of accounting and finance experience, preferably in a retail or corporate environment, and proficiency with accounting software and ERP systems such as SAP or Oracle. A bachelor’s degree in accounting, finance, or a related field is desired; a CA, CMA, or MBA in Finance is preferred.

Job Summary

The Assistant Manager – Accounts & Finance will provide both strategic and
operational support by assisting in the supervision of financial activities at
the group level. This role will be responsible for supporting financial
planning, budgeting, compliance, and reporting while ensuring the accuracy of
financial data, adherence to internal controls, and overall financial stability
of the organization.

KEY RESPONSIBILITY

1. Financial Reporting:

* Assist in the preparation of monthly, quarterly, and annual financial
statements (Income Statement, Balance Sheet, and Cash Flow).
* Ensure accuracy and completeness of journal entries, account reconciliations,
and financial reports.
* Support compliance with accounting standards (IFRS, GAAP, or other relevant
local standards).

 

2. Accounting Operations:

* Oversee day-to-day accounting activities, including accounts payable,
accounts receivable, payroll, and general ledger functions.
* Support the implementation of internal controls to safeguard company assets
and financial data.
* Assist in managing monthly and year-end closing procedures.

 

3. Budgeting & Forecasting:

* Contribute to the preparation of the company’s annual budget and periodic
financial forecasts.
* Monitor actual performance versus budget and prepare variance analysis.
* Identify and recommend cost-saving opportunities and risk mitigation
strategies.

 

4. Compliance & Audit:

* Ensure adherence to tax laws, financial regulations, and internal policies.
* Assist in coordinating with external auditors for statutory audits and
ensuring timely completion.
* Monitor compliance with financial policies, procedures, and reporting
requirements.

 

5. Financial Analysis:

* Support financial analysis and reporting to aid management in
decision-making.
* Assist in profitability analysis and cost control strategies.
* Evaluate financial trends and recommend optimization strategies.

 

6. Cash Flow Management:

* Monitor cash flow to ensure adequate funds for operational requirements.
* Support bank relationship management, cash position tracking, and liquidity
management.

 

7. Team Collaboration & Leadership:

* Assist in guiding and mentoring junior finance team members.
* Work closely with cross-functional teams to ensure smooth financial
operations and alignment with business goals.

 

8. Ad-hoc Duties & Special Projects:

* Support special financial projects and process improvements as required.
* Stay updated with financial regulations, industry trends, and best practices.

 

DESIRED EXPERIENCE

The desired years of experience for an Assistant Manager – Accounts & Finance
require 5+ years of experience in accounting and finance, preferably in a retail
or corporate environment with Proficiency in accounting software and ERP systems
(SAP, Oracle, etc.). Bachelor’s degree in accounting, Finance, or a related
field (CA, CMA, or MBA in Finance preferred).

 

KEY RELATIONSHIPS

Accounts & Finance Team, Support Functions, Support Function etc.

Responsibilities

Support group-level financial operations, including reporting, accounting, budgeting, forecasting, compliance, audits, cash flow management, and financial analysis. Help maintain accurate financial records and internal controls, guide junior team members, and contribute to process improvements and special projects.

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