Finance Manager

About Proven

Proven is dedicated to equal opportunity employment and fosters a supportive environment focused on professional growth, collaboration, innovation, and work-life balance. With expertise in recruitment and workforce solutions, Proven partners to drive client and employee success.

About the Client

The client is a reputable provider of advanced medical technologies and healthcare products serving hospitals and healthcare centers throughout the Kingdom of Saudi Arabia. They are known for quality, technical expertise, and innovative healthcare solutions.

Role Overview

We are looking for a dynamic and experienced Finance Manager to establish and lead the company's Accounting and Finance Department. This role involves setting up robust finance functions aligned with business goals, ensuring financial accuracy, efficiency, and regulatory compliance. The Finance Manager will collaborate closely with senior leadership and various departments to deliver precise financial insights, enhance profitability, guide strategic decisions, and foster sustained growth.

Key Responsibilities

• Develop and head the Accounting & Finance Department structure, reporting, and team advancement.
• Hire, mentor, and assess finance staff, promoting a culture of responsibility and ongoing improvement.
• Create finance policies, SOPs, and internal control systems to ensure collaboration across functions.
• Manage accounting operations including general ledger, month-end/year-end closings, and financial reports.
• Prepare timely, accurate financial statements adhering to IFRS standards and company policies.
• Review journal entries, reconciliations, and monitor financial performance with suggestions for improvements.
• Lead budgeting, forecasting, and long-term financial planning processes.
• Analyze budget variances and provide financial insights to support strategic business plans.
• Oversee cash flow management, liquidity, working capital, and banking relationships.
• Manage manufacturing cost accounting, including standard costing and variance analysis to support pricing and profitability.
• Supervise inventory valuation, audits, and controls in coordination with procurement and supply chain teams.
• Ensure compliance with IFRS, tax regulations (ZATCA, VAT), audit processes, and corporate governance.
• Lead ERP implementation and enhancements, and drive automation for improved financial and operational efficiencies.
• Act as a strategic financial advisor to senior management, developing KPIs, assessing business performance, and guiding growth strategies.

Qualifications

• Bachelor's degree in Accounting, Finance, Business Administration or related fields.
• Professional certifications such as CPA, CMA, or ACCA are strongly preferred; MBA or Master’s in Finance/Business Administration is advantageous.
• 8–10 years of progressive finance/accounting experience, with at least 5 years in senior finance management roles.
• Experience establishing or restructuring Accounting and Finance teams.
• Background in manufacturing, trading, distribution, engineering, or project-driven sectors preferred.
• Proven experience with ERP system implementations or improvements.

Technical Proficiencies

• Advanced knowledge of financial reporting under IFRS.
• Expertise in budgeting, forecasting, financial planning, and analysis.
• Cost accounting, inventory accounting, and manufacturing costing skills.
• Cash flow and treasury management.
• Strong internal controls and financial modeling capabilities.
• Familiarity with ERP solutions such as SAP, Oracle, Microsoft Dynamics, Odoo, or equivalents.
• Advanced Microsoft Excel skills; experience with Power BI or similar reporting tools is a plus.

Personal Attributes

• Effective leadership and team-building capabilities.
• Strong strategic planning and commercial awareness.
• Excellent analytical thinking and problem-solving skills.
• Organized with strong time management abilities.
• Clear communication and presentation skills.
• High integrity, professionalism, and accountability.
• Ability to handle pressure and multitask efficiently.
• Decisive with negotiation skills.
• Commitment to continuous improvement.