
Red Sea Global
Manager β Finance
- Permanent
- Riyadh, Saudi Arabia
- Experience 10 - 15 yrs
Job expiry date: 03/02/2026
Job overview
Date posted
20/12/2025
Location
Riyadh, Saudi Arabia
Salary
SAR 30,000 - 40,000 per month
Compensation
Comprehensive package
Experience
10 - 15 yrs
Seniority
Manager
Qualification
Bachelors degree
Expiration date
03/02/2026
Job description
The Manager β Finance role within the Sports and Entertainment division, Department of Amaala Yacht Club, leads finance operations across the Group with responsibility for accurate booking of all financial transactions, execution of treasury operations, employee payroll, and disbursements in line with commercial obligations, budgetary ownership, internal controls, and IFRS. The role controls, analyzes, and optimizes operating and financing cash flows and manages utilization of bank facilities through regular cash flow planning and forecasting with the Director of Finance to ensure adequate liquidity at optimal cost. The position is accountable for Group fiscal compliance in Saudi Arabia, including VAT and Zakat, and supports the Group Financial Controller and CFO with monthly and statutory reporting, statutory audits, and annual budgeting where required. The role manages external relationships with banking partners, statutory auditors, credit insurers, and tax advisors, oversees treasury activities including payables, collections, credit insurance, documentary credits, financial guarantees, bank funding, cash pooling, and debt servicing, supports funding strategy and capital structure development, leads the accounting team, supports payroll and employee disbursements, contributes to financial and operational systems implementation, reconciles data across multiple systems, and ensures adherence to policies, procedures, reporting standards, and continuous improvement aligned with international best practices.
Required skills
Key responsibilities
- Book and record all financial transactions in accordance with budgetary ownership, internal policies and controls, and IFRS
- Execute treasury operations including payables, collections, credit control and insurance, documentary credits, financial guarantees, bank funding, cash management, and cash pooling
- Prepare and manage monthly cash flow planning and forecasting to ensure adequate liquidity at optimal financing cost
- Manage and service bank debt and funding portfolio including forecasting operating and financing cash flows and monitoring covenant KPIs
- Support development of funding strategy and capital structure to secure optimal bank facilities and financing costs
- Prepare periodic financial reporting for asset management and corporate stakeholders
- Ensure KSA fiscal reporting and regulatory compliance including VAT and Zakat
- Lead, manage, and develop the accounting team across Group entities
- Oversee payroll review and disbursement, employee expenses, and other reward mechanisms in coordination with HR
- Support implementation, monitoring, and reconciliation of financial and operational systems and integrations
- Assist Corporate Commercial Finance activities and support statutory reporting, audits, and budgeting processes
- Ensure compliance with functional policies, procedures, MIS reporting standards, and continuous improvement initiatives
Experience & skills
- Bachelorβs degree in Accounting, Finance, or related field from an IFAC-accredited institution
- Professional certification such as CA, CMA, or SOCPA preferred
- Minimum of 10 years of professional experience with at least 2 years in a mid-level finance leadership role
- Background in accounting and reporting, accounting operations, treasury management, and business controls
- Hands-on experience in financial reporting, controlling, accounts receivable, accounts payable, and treasury operations
- Knowledge of IFRS and national financial reporting standards
- Strong proficiency in Microsoft Excel for financial analysis and reporting