Finance Manager
Role Overview
About FTG Development
FTG Development is a global operation with an international property portfolio, headquartered in Türkiye. The company focuses on development and investment opportunities to achieve market-leading returns in mixed-use real estate and hospitality projects. FTG Development collaborates with affiliated group companies, including Rixos and The Land of Legends, across multiple project developments. The Group works with leading architects, designers, and professionals to ensure projects meet international standards, with landmark developments such as Tersane Istanbul, Rixos at Emerald Shores, Rixos Half Moon Bay, and The Land of Legends.
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Job description
About FTG Development
FTG Development is a global operation with an international property portfolio, headquartered in Türkiye. The company focuses on development and investment opportunities to achieve market-leading returns in mixed-use real estate and hospitality projects. FTG Development collaborates with affiliated group companies, including Rixos and The Land of Legends, across multiple project developments. The Group works with leading architects, designers, and professionals to ensure projects meet international standards, with landmark developments such as Tersane Istanbul, Rixos at Emerald Shores, Rixos Half Moon Bay, and The Land of Legends.
About the Role
FTG Development is seeking a Finance Manager to lead the finance function for its Saudi Arabian operations. Following a restructuring of the KSA finance organization, this role serves as the single finance control point for all KSA entities. The position is based in Riyadh, Riyadh, Saudi Arabia, and reports directly to the Chief Delivery Officer, with dotted-line reporting to the Group CFO for technical, reporting, and governance matters, and to the Chief Strategy Officer for strategic and investment matters. The role involves end-to-end ownership of financial reporting under IFRS, project finance, cost control, cash management, payments, tax and Zakat, internal controls, audit, and statutory compliance. The Finance Manager will lead a team covering project accounting, corporate and RHQ reporting, and finance operations. The scope of the KSA finance function is expected to expand to include asset management, off-plan sales, hotel management, and F&B operations, requiring a technically strong and adaptable finance professional.
Key Responsibilities
- Own the monthly, quarterly, and annual closing cycle for all KSA entities and deliver reporting packs to the Chief Delivery Officer, Group CFO, and Group Finance.
- Prepare statutory financial statements in accordance with IFRS as endorsed in Saudi Arabia, and coordinate external and internal audits.
- Design, implement, and monitor the internal control framework, accounting policies, chart of accounts, and delegation of authority across all KSA companies.
- Support consolidation and group/multi-country reporting requirements of the Regional Headquarters (RHQ) structure.
- Act as the financial control point for all project transactions, including IPC workings, certified revenue, billing to fund, advance recovery, retention, and receipt allocation.
- Validate purchase orders, contract values, vendor invoices, and perform three-way matching against approved project documentation, GRNs, and certifications.
- Maintain the project cost ledger, covering direct cost, subcontractor and design cost, materials, WIP, accruals, and cost-to-complete analysis.
- Produce project P&L up to gross margin, PO utilization, cost and cash forecasts, project dashboards, and exception reporting.
- Assess the financial impact of variations and claims, and coordinate directly with the Delivery and Projects teams on project matters.
- Review and approve project and corporate payment batches from a finance control perspective, ensuring documentation completeness before release.
- Manage cash flow forecasting, project account funding, bank relationships, and reconciliations.
- Compile, review, and submit VAT, WHT, CIT, and Zakat filings and e-invoicing (ZATCA) obligations, and support transfer pricing and tax position documentation.
- Maintain the compliance tracker for licenses, statutory registrations, and renewals, and support legal and governance documentation with the Group CFO and Legal.
- Lead and develop the KSA finance team across project accounting, corporate/RHQ functions, and finance operations.
- Standardize finance SOPs for project and non-project workflows and enforce them consistently across entities.
Qualifications and Experience
- 5-10 years of experience in finance, with a strong background in financial reporting, project finance, and cost control.
- Demonstrated technical strength and adaptability to operate across a broad business environment.
- Experience with IFRS and statutory compliance in Saudi Arabia.
- Proven leadership skills to manage and develop a finance team.
- Work Type
- This is a full-time position.
- Equal Opportunity Statement
- FTG Development is committed to diversity and inclusivity in its hiring practices and encourages applications from all qualified individuals.
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