Finance Lead

Job Purpose

This role will be an integral member of the team based in Saudi Arabia with responsibility for the overall management of the operations relating to the aftermarket division in Saudi Arabia. This role accepts full responsibility for the period-end close process relating to the aftermarket division. The role will require strong financial support and application of accounting governance; having a good grip in accounting standards relating to revenue recognition is a key requirement.

The individual will ensure compliance with local Saudi Arabia legal and regulatory requirements. This role also requires working closely with the operations team of the aftermarket division to ensure that the KPIs and operational performance targets are achieved.

• Business Partner to the project and functional managers with regards to project costing, forecasting, budget preparation & reporting
• Support the Sr Finance manager in miscellaneous activities (monthly reporting preparation, ad hoc financial analysis, forecast…)
• Manage forecasting of revenue, margin and invoicing for the whole Aftermarket business on a monthly basis
• Identify, investigate, and analyze potential operational improvement as appropriate
• Lead change activity in the business ensuring benefits are delivered
• Identify, investigate, and analyze any cost overruns on the aftermarket division
• Maximize the cash flow and performance of the aftermarket division by implementing strong financial controls
• Maintain compliance to company financial standards and participate in external and internal audits
• Prepare monthly forecast for the legal entity focusing on Aftermarket
• Balance Sheet reconciliations, Quarterly Balance Sheet and P&L review.
• Review the utilization of all the assets and ensuring that all the assets are properly utilized.

Review and control bank payments, invoices…

You are meant for this job if:

• Accounting qualification. Solid accounting knowledge is required – particularly revenue & margin recognition over time, invoicing, cash flow and working capital. Experience in project accounting preferred (ideally within a manufacturing environment)
• Familiarity with International Financial Reporting Standards (IFRS) and strong Microsoft Excel skills are essential.
• Knowledge of ERP system (SAP) would be considered as an advantage.
• Good interpersonal, communication, and analytical skills.
• Must be a self-starter, team player, motivated and capable of working on their own initiative.