Finance Manager

The Finance Manager will oversee the financial operations of a real estate portfolio, ensuring compliance with IFRS, managing budgeting and forecasting processes, controlling project costs, and supporting strategic decision-making. The role requires strong expertise in real estate accounting, project-based financial management, and stakeholder coordination.

Key Responsibilities

1. Financial Reporting & Compliance

• Prepare monthly, quarterly, and annual financial statements in accordance with IFRS.
• Ensure compliance with ZATCA regulations and other local statutory requirements.
• Manage the external audit process and coordinate with auditors.
• Ensure accurate revenue recognition (including off-plan sales, leasing, and property management income).

2. Budgeting, Forecasting & Cost Control

• Lead the annual budgeting and periodic forecasting processes.
• Monitor project-wise budgets (CAPEX & OPEX) and analyze variances.
• Implement cost control mechanisms across development projects.
• Support feasibility studies and financial modeling for new projects.

3. Project Accounting & Real Estate Financial Management

• Oversee accounting for real estate development projects.
• Monitor construction cost capitalization and work-in-progress (WIP).
• Manage escrow accounts and project cash flow planning.
• Ensure proper accounting treatment for land acquisition, development costs, and leasing contracts.

4. Cash Flow & Treasury Management

• Prepare rolling cash flow forecasts.
• Manage banking relationships and financing facilities.
• Monitor working capital and liquidity position.
• Review payment approvals and financial controls.

5. Internal Controls & Governance

• Develop and strengthen financial controls and standard operating procedures (SOPs).
• Ensure proper segregation of duties and risk mitigation practices.
• Support ERP implementation and system improvements (if applicable).

6. Team Leadership

• Supervise and mentor accounting staff.
• Assign responsibilities and monitor performance.
• Promote continuous improvement and professional development.

Qualifications & Experience

• Bachelor’s degree in Accounting or Finance (Master’s degree preferred).
• Professional certification such as ACCA, CMA, CPA, or SOCPA is preferred.
• 8–12 years of finance experience, including at least 3–5 years within real estate or property development.
• Strong knowledge of IFRS (particularly revenue recognition and lease accounting).
• Experience in project accounting and cost control.
• Proficiency in ERP systems and advanced MS Excel.
• Experience dealing with banks and external auditors.

Key Competencies

• Strong analytical and financial modeling skills.
• Strategic thinking with operational execution capability.
• High integrity and attention to detail.
• Strong communication and stakeholder management skills.
• Ability to work under pressure and meet deadlines.