Manager - Financial Operations

Company

The Red Sea Utilities Company (TRSUC) is a specialized subsidiary of Red Sea Global (RSG) which delivers integrated utility services for RSG’s flagship developments, including The Red Sea Project and Amaala.

Lead and manage the full accounts receivable and billing lifecycle within the Utilities Finance department. Reporting to the Director of Finance, you will ensure accurate and timely invoicing, revenue recognition, and effective collections to optimize cash flow. Additionally you will drive process improvements, implement automation initiatives, and maintain strict compliance with regulatory requirements and internal controls.

• Lead end‑to‑end billing processes, finalize end‑user agreements, collaborate with operations to ensure completeness and accuracy of consumption data, generate and submit final bills to clients, and reconcile payments and close invoices in SAP ERP.
• Manage collections & credit risk: monitor aging reports and identify delinquent accounts, negotiate payment arrangements with overdue customers, and collaborate with stakeholders to define and implement optimal credit policies.
• Maintain compliance & controls: maintain robust internal controls and ensure adherence to regulatory frameworks specific to utilities, support internal and external audits, and implement policies and procedures to safeguard receivables.
• Reporting & analysis: prepare and present AR KPIs and provide actionable insights to senior leadership for decision‑making.
• Process improvement & technology optimization: identify process inefficiencies and recommend improvements, drive automation initiatives to enhance accuracy and efficiency, and optimise systems for billing and collections processes.

• Bachelor’s degree in Finance, Accounting or related field; MBA or CPA is a plus.
• 8+ years in AR, billing, credit or collections, with a minimum of 3–5 years in a managerial role.
• Knowledge of GAAP, receivables internal controls and regulatory requirements.
• ERP proficiency with SAP or Oracle, and experience with CRM systems.
• Strong team‑building and mentoring abilities.
• Excellent communication and negotiation skills for interactions with customers and internal stakeholders.

• Experience in the utilities sector.
• Analytical skills with Excel, data visualization and reporting tools.
• Experience with utility‑specific billing systems or measurement tools.