Red Sea Global
Senior Manager - Accounting
- Permanent
- Riyadh, Saudi Arabia
- Experience 10 - 15 yrs
Job expiry date: 10/02/2026
Job overview
Date posted
27/12/2025
Location
Riyadh, Saudi Arabia
Salary
SAR 30,000 - 40,000 per month
Compensation
Comprehensive package + relocation
Experience
10 - 15 yrs
Seniority
Senior Manager
Qualification
Bachelors degree
Expiration date
10/02/2026
Job description
The Senior Manager - Accounting role at The Red Sea Utility Company is responsible for overseeing and supervising all aspects of the company’s accounting function, including the design, creation, and implementation of accounting procedures. The role ensures the accuracy, integrity, and compliance of all financial reports and statements while managing the full billing process. Responsibilities span accounting and financial control, policy development, compliance with international and local accounting standards such as IFRS, and adherence to tax laws and regulatory frameworks. The position requires oversight of internal controls, variance analysis between budgeted and actual results, preparation of MIS and functional reports, coordination with internal and external auditors, and safeguarding audit readiness. The role also focuses on continuous improvement through automation, cost optimization, productivity enhancement, and proactive risk monitoring to ensure financial sustainability and operational resilience within a utility industry context.
Required skills
Key responsibilities
- Manage the preparation, accuracy, and integrity of income statements, balance sheets, and cash flow statements in line with accounting standards and regulatory requirements
- Monitor and control variances between budgeted and actual financial results and provide insights to support informed financial decision-making
- Develop, maintain, and safeguard supporting documentation for all financial reports to ensure transparency and audit readiness
- Oversee internal controls across accounting and billing operations to ensure compliance, reduce errors, and mitigate financial risks
- Optimize billing, invoicing, and reporting processes to improve efficiency and align accounting operations with business objectives
- Coordinate with internal and external auditors to address audit requirements and ensure timely resolution of audit findings
- Establish, review, and enforce accounting and financial control policies in compliance with regulatory frameworks, tax laws, and corporate standards
- Ensure compliance with international and local accounting standards including IFRS to safeguard financial integrity
- Oversee preparation of MIS and functional reports ensuring accuracy and timeliness for management
- Drive continuous improvement initiatives through automation, cost optimization, process improvement, and productivity enhancement
- Identify and monitor risks in accounting and financial control processes and implement mitigation measures to ensure operational resilience
Experience & skills
- Hold a Bachelor’s degree in Accounting, Finance, or a related field with a Master of Business Administration or relevant master’s degree considered advantageous
- Possess professional accounting certification such as CPA, CA, or CMA with mandatory certification from the Saudi Organization for Certified Public Accountants (SOCPA)
- Have 12–15 years of accounting experience, preferably within the utility industry
- Demonstrate comprehensive knowledge of financial principles, accounting standards, IFRS, and tax laws
- Exhibit strong capability in financial data analysis, trend identification, and provision of strategic financial insights
- Maintain strict adherence to ethical standards and compliance with financial laws and regulations
