Finance Manager

Job Title: Finance Manager – Supermarket Business

Function: Finance

Reporting To: Finance Head

Role Purpose

To own end-to-end financial accounting, statutory reporting, direct and indirect tax compliance, and revenue-to-cash integrity for the supermarket business, ensuring accurate books, regulatory compliance, strong internal controls, and audit readiness.

Key Responsibilities

A. Record-to-Report (R2R)

• Lead monthly, quarterly, and annual financial close including GL, accruals, provisions, and prepayments
• Ensure accurate and timely revenue recognition for POS-driven retail sales
• Maintain balance sheet integrity including:
• Cash and bank reconciliations
• Inventory valuation, shrinkage, and provisions
• Prepayments, deposits, and other balance sheet items
• Prepare monthly management accounts and support preparation of management and board presentations
• Ensure compliance with Group accounting policies and IFRS
• Coordinate and manage external audits, internal audits, and statutory reviews
• Address audit queries and ensure timely closure of audit findings

B. Cash-to-Customer (C2C)

• Oversee daily sales posting from POS systems to ERP
• Ensure reconciliation between ERP sales data and ZATCA portal
• Review and ensure timely reconciliation of cash, card, and other tenders handled by the offshore C2C team
• Ensure complete adherence to store SOPs related to cash handling and card transactions
• Strengthen controls to minimize revenue leakage and reconciliation gaps

C. Taxation & Statutory Compliance

• Support the Finance Head in ensuring full compliance with ZATCA requirements , including:
• VAT
• Withholding Tax (WHT)
• Corporate Income Tax
• Any other applicable statutory obligations
• Work closely with tax consultants and support them in preparation and filing of returns
• Liaise with ZATCA on audits, assessments, notices, queries, and documentation
• Ensure compliance with local statutory requirements, regulatory reporting, and record retention policies
• Track changes in tax laws and regulations and assess their impact on financial reporting and business operations

Key Skills & Competencies

• Strong knowledge of IFRS and retail accounting
• Hands-on experience in POS-driven retail environments
• Solid understanding of VAT, ZATCA compliance, and statutory reporting
• Strong reconciliation, analytical, and problem-solving skills
• Ability to work with offshore/shared service teams
• High attention to detail with a strong control and compliance mindset
• Effective stakeholder management and communication skills

Qualifications & Experience

• Chartered Accountant / CPA / ACCA or equivalent qualification preferred
• 6–10+ years of relevant experience in retail / supermarket / FMCG finance
• Prior experience handling audits, taxation, and statutory compliance in KSA (preferred)
• ERP experience (SAP / Oracle / similar retail ERP preferred)