Finance Manager

Overview

We Are Foodics! a leading restaurant management ecosystem and payment tech provider. Founded in 2014 with headquarter in Riyadh and offices across 5 countries, including UAE, Egypt, Jordan and Kuwait. We are currently serving customers and partners in over 35 different countries worldwide. Our innovative products have successfully processed over 6 billion orders so far, making Foodics one of the most rapidly evolving SaaS companies to emerge from the MENA region.

Foodics has achieved three rounds of funding, with the latest raising $170 million in the largest SaaS funding round in MENA, boosting its innovation capabilities to better serve business owners.

The Finance Manager will be responsible for overseeing the financial operations, accounting, and financial reporting of the company, a SAMA-regulated payment services entity. The role ensures strong financial governance, accurate reporting, and alignment with regulatory, audit, and group finance requirements, while working closely with Compliance and Risk functions within a regulated Fin Tech environment.

• Financial Management & Reporting:
  Oversee day-to-day accounting operations, including general ledger, reconciliations, and month-end close.
• Prepare accurate monthly, quarterly, and annual financial statements in accordance with IFRS and group accounting policies.
• Manage budgeting, forecasting, and variance analysis, providing clear financial insights to management.
• Ensure consistency and alignment with group consolidation and reporting requirements.
• Aggregator Accounts & Reconciliations:
  Oversee financial control, monitoring, and reconciliation of bank aggregator and settlement accounts subject to SAMA oversight.
• Ensure daily and monthly reconciliations between aggregator bank accounts, merchant balances, settlement files, and system records.
• Investigate and resolve reconciling items, timing differences, and exceptions on a timely basis.
• Ensure proper segregation between company funds and merchant / client funds in line with safeguarding requirements.
• Maintain clear documentation, audit trails, and reconciliation support for regulatory review and audits.
• Work closely with Operations, Compliance, and Banking partners to ensure accuracy and completeness of settlement processes.
• Regulatory & Compliance Support:
  Support the Compliance function in meeting SAMA regulatory and financial reporting requirements.
• Prepare, review, and validate financial data, schedules, and disclosures required for regulatory submissions.
• Act as the finance representative in regulatory matters, working closely with Compliance, Risk, and Legal teams.
• Support regulatory examinations, audits, and inspections from a financial reporting and controls perspective.
• Ensure finance processes and records are aligned with regulatory obligations applicable to payment service providers.
• All regulatory communication with SAMA remains owned by the Compliance function.
• Governance & Internal Controls:
  Design, implement, and maintain strong internal controls over financial reporting and operations.
• Ensure appropriate segregation of duties, approval matrices, and documented finance procedures.
• Identify financial and operational risks and propose effective mitigation measures.
• Ensure alignment with the company’s governance framework and the Three Lines of Defense model.
• Banking, Treasury & Settlements:
  Manage banking relationships and oversee cash management, liquidity monitoring, and settlement processes.
• Ensure accurate and timely bank, merchant, and settlement reconciliations.
• Support safeguarding and client funds requirements, where applicable.
• Audit & External Stakeholders:
  Lead statutory and regulatory audits from a finance perspective and coordinate with external auditors.
• Ensure timely resolution of audit findings and implementation of agreed action plans.
• Support management in responding to auditor and regulator queries related to financial matters.
• Cross-Functional Collaboration:
  
  Work closely with Compliance, Risk, Legal, Operations, and Product teams to ensure financial alignment with business activities.
• Support management decision-making through sound…