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Finance Manager

FTG Development
Riyadh, KSA
Full-time
Mid-Senior
Onsite
Discovered 2 weeks ago
IFRSFinancial reporting and statutory statementsFinancial close and consolidationAudit coordinationInternal controls and accounting policy designProject finance and cost control

Full Job Posting

Role overview

Leads the finance function for the company’s Saudi Arabian operations and serves as the single finance control point for the Kingdom’s entities.

Reports to the Chief Delivery Officer, with dotted-line reporting to the Group CFO on technical, reporting, and governance matters and to the Chief Strategy Officer on strategic and investment matters.

Owns financial reporting, project finance and cost control, cash and payments, tax and Zakat, internal controls, audit, and statutory compliance.

Manages a team covering project accounting, corporate and RHQ reporting, and finance operations; scope may expand into asset management, off-plan sales, hotel management, and F&B.

Financial reporting and control

  • Own monthly, quarterly, and annual close for all KSA entities and deliver reporting packs to the Chief Delivery Officer, Group CFO, and Group Finance.
  • Prepare statutory financial statements under IFRS as endorsed in Saudi Arabia and coordinate internal and external audits end to end.
  • Design, implement, and monitor internal controls, accounting policies, chart of accounts, and delegation of authority across KSA companies.
  • Support consolidation and group or multi-country reporting for the RHQ structure.

Project finance and delivery

  • Control project transactions, including IPC workings, certified revenue, billing to fund, advance recovery, retention, and receipt allocation.
  • Validate purchase orders, contract values, vendor invoices, and three-way matching against approved project documents, GRNs, and certifications.
  • Maintain the project cost ledger for direct, subcontractor, design, and material costs, WIP, accruals, and cost-to-complete analysis.
  • Produce project P&L to gross margin, PO utilization, cost and cash forecasts, project dashboards, and exception reporting.
  • Assess financial impacts of variations and claims and coordinate with Delivery and Projects teams.

Cash, tax, and compliance

  • Review and approve project and corporate payment batches from a finance-control perspective and ensure documentation is complete before authorized release.
  • Manage cash-flow forecasting, project-account funding, bank relationships, and reconciliations.
  • Compile, review, and submit VAT, WHT, CIT, and Zakat filings and ZATCA e-invoicing obligations; support transfer-pricing and tax-position documentation.
  • Maintain the compliance tracker for licenses, statutory registrations, and renewals; support legal and governance documentation with the Group CFO and Legal.

Team and governance

  • 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 across entities.

Qualifications and required skills

  • Bachelor’s degree in Accounting, Finance, or a related discipline.
  • At least 8 years of progressive finance experience, including at least 3 years in a Finance Manager or equivalent leadership role.
  • Construction, real estate development, or project-driven sector experience, including IPCs, subcontractor payment cycles, retention, advance recovery, and variation orders.
  • Hands-on IFRS knowledge with full-cycle closing and statutory reporting ownership.
  • Audit discipline and internal-control understanding; external audit background is an advantage.
  • Practical KSA legal, tax, and compliance experience, including ZATCA VAT, WHT, Zakat/CIT, e-invoicing, GOSI, and ministry and municipality requirements.
  • Currently based in Saudi Arabia or able to relocate to Riyadh; transferable Iqama is preferred.
  • Professional working proficiency in English; Arabic is an advantage.
  • Advanced ERP experience (SAP, Oracle, Microsoft Dynamics, or equivalent) and strong Excel/reporting skills.
  • Able to work with project, commercial, and executive stakeholders and hold financial control lines under pressure.
  • Professional qualification such as SOCPA, CPA, ACCA, CA, or CMA is strongly preferred.

Preferred experience

  • Exposure to investment or development companies rather than pure contracting is preferred.
  • Familiarity with off-plan sales and Wafi escrow requirements, asset management, hotel operations, or F&B accounting is preferred.
  • RHQ or multi-country group reporting experience and experience with international shareholders and group reporting timelines are preferred.

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