Financial Director

About the Role

Key Responsibilities

• Accounting Management & Cycle Control (AR / AP / GL)
• Oversee the Accounts Receivable (AR) cycle: invoicing, collections, reconciliations, allowances, and aging management.
• Oversee the Accounts Payable (AP) cycle: three-way invoice matching, payment approvals, and adherence to vendor payment terms.
• Oversee the General Ledger (GL) cycle: review and approve daily journal entries and monthly reconciliations with accuracy and timeliness.
• Maintain and develop the Chart of Accounts in alignment with segment reporting requirements and Capital Market Authority standards.

Periodic Close & Financial Statements Preparation

• Manage the monthly close process within a maximum of 5 business days from period end.
• Prepare monthly, quarterly, and annual financial statements (income statement, balance sheet, cash flows, equity changes, and notes).
• Prepare consolidated financial statements at Group level, including inter-company eliminations.
• Ensure the audit pack is ready for external auditors and deliver periodic financial reports to the Audit Committee and Board of Directors.

IFRS Compliance & Accounting Policies

• Ensure full application of IFRS standards relevant to real estate development: IFRS 15 (Revenue), IFRS 16 (Leases), IAS 40 (Investment Property), IAS 2 / IAS 11 (Inventory & Construction Contracts), IFRS 9 (Financial Instruments & ECL), and IAS 36 (Impairment).
• Develop and maintain the Accounting Policies & Procedures Manual and manage complex accounting treatments (consolidation, revenue recognition, long-term contracts).

Tax & Zakat Compliance

• Prepare and submit VAT, Zakat, and Real Estate Transaction Tax (RET) returns accurately and on time, with zero errors.
• Manage tax and zakat audits conducted by the Zakat, Tax and Customs Authority (ZATCA), including preparation of responses and supporting documentation.
• Monitor input VAT recovery and manage tax balances on an ongoing basis, ensuring zero penalties or variances.

Internal Controls & Accounting Governance

• Design and implement effective internal controls across all accounting cycles in support of ICFR requirements, applying Segregation of Duties (SOD) and the Delegation of Authority (DOA) matrix.
• Track closure of internal audit recommendations within 90 days, and ensure the external auditor's report is free of material findings.

External Auditor & Advisor Relationship Management

• Manage the annual audit plan, Management Representation Letters, and routine responses to the external auditor.
• Coordinate with Financial (FDD) and Tax (TDD) Due Diligence advisors on acquisitions and IPO transactions, and manage relationships with zakat, tax, and technical accounting consultants.

Accounting Systems & Digital Transformation

• Lead optimal utilization of the ERP system across accounting cycles and ensure integration with CRM, asset management, and the unified digital platform.
• Support Power BI dashboard development and lead accounting automation initiatives, including the application of AI tools in financial operations.

Team Leadership, Development & IPO Readiness

• Lead the accounting team, set individual objectives, develop IDPs, conduct periodic performance reviews, and build succession plans for critical roles.
• Prepare three-year historical financial statements for the IPO file per CMA requirements, and support preparation of the prospectus and MD&A section.

Technical Skills

• Deep practical knowledge of IFRS standards relevant to real estate development.
• Advanced experience in consolidated financial statements (Consolidation) and inter-company accounting.
• Full command of accounting cycles (AR / AP / GL) and monthly and annual close processes.
• Strong expertise in Saudi tax and zakat compliance (VAT, Zakat, RET) and management of tax audits.
• Proficiency in ERP systems — Oracle Fusion, SAP, or Microsoft Dynamics preferred — and Power BI.
• Experience designing and implementing internal controls (ICFR) and Segregation of Duties (SOD).
• Hands-on experience with FDD / TDD advisors and CMA listing requirements.

Behavioral Competencies

• Effective leadership of the accounting team with a focus on building next-generation talent.
• Professional communication with senior management, the Audit Committee, external auditors, and advisors.
• Strong problem-solving and data-driven decision-making in high-pressure environments.
• Ability to manage priorities within tight deadlines (close cycles, periodic reporting).
• Strategic mindset combined with high operational commitment and attention to detail.
• Professional integrity and adherence to accounting ethics.

Qualifications & Experience

• Bachelor's degree in accounting or finance is required; a Master's or MBA is a plus
• SOCPA certification or equivalent (CPA / ACCA / CMA / CA), multiple certifications preferred.
• Minimum 12 years of experience in finance and accounting, including at least 4 years in a senior leadership role
• Strong preference for experience in real estate development, contracting, or long-term contract-based industries.
• Proven track record in close and consolidation, tax and zakat compliance, IFRS application, and working with external auditors.
• Prior experience with IPO processes or due diligence engagements (FDD / TDD) is a strong advantage.
• Full professional proficiency in Arabic and English