Senior Manager - Accounting

Empowering Destinations with Sustainable Innovation!

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

TRSUC is responsible for delivering essential services such as renewable energy, water desalination, wastewater treatment, solid waste management, district cooling, and telecommunications infrastructure. TRSUC is pioneering the development of off‑grid, renewable utility systems to ensure that RSG’s destinations are powered entirely by clean energy.

TRSUC’s initiatives are integral to Saudi Arabia’s Vision 2030, aiming to diversify the economy and promote sustainable development. By providing state‑of‑the‑art utility services, TRSUC supports RSG’s mission to create regenerative tourism destinations that prioritize environmental stewardship and community well‑being.

At TRSUC, Where Infrastructure Meets Innovation - For People and Planet.

The role will oversee and supervise all aspects of the company’s accounting function, including the creation and implementation of accounting policies and procedures, managing financial reports and statements, ensuring compliance with relevant laws and regulations, overseeing the billing process, and preparing annual budgets. The candidate will supervise, direct, and manage the accounting team, maintain the accuracy of financial information, and provide strategic guidance.

• Financial evaluation of commercial initiatives, pricing strategies, and contract negotiations.
• Ensure financial compliance in all commercial dealings with a strong knowledge of commercial financial laws and regulations.

• Contribute to development and implementation of the annual business plan and strategic agenda of the TRSUC Commercial function to deliver TRSUC’s and RSG vision and mission.
• Create financial plans aligned with the organization’s commercial objectives and ensure effective execution.
• Develop models and forecasts, track financial performance, and recommend strategies for revenue enhancement, cost reduction, and investment opportunities. Oversee execution of approved financial strategies and adjust as necessary based on financial trends.

• Produce and analyze detailed financial reports such as income statements, balance sheets, and cash flow statements, providing insights and potential impacts on commercial operations.
• Use variance analysis techniques to highlight differences between budgeted and actual financial results and provide insights for future budgeting and forecasting.
• Spearhead the annual budgeting and regular forecasting process for the commercial team, collaborating with other departments to align financial goals. Partner with the commercial team to develop pricing strategies and their implementation.
• Liaise with contract teams to negotiate contracts from a financial perspective, ensuring cost‑effectiveness and profitability.
• Develop and maintain supporting documents for all financial reports and evaluate them for various departments and committees.
• Perform comprehensive financial analyses to project future revenues and expenses for TRSUC, including detailed investigations into financial commitments and obligations.
• Identify financial trends and recommend actions for optimization to the leadership team.
• Regularly communicate financial insights to TRSUC’s leadership team, focusing on cost optimization and profit growth.
• Serve as the primary contact point for TRSUC’s external auditors, leading preparation and support of all external audits.
• Ensure audit processes run smoothly and on schedule.
• Ensure the efficiency and accuracy of all billing operations, planning and implementing billing processes.
• Oversee the billing process, reduce errors, maintain updated records of invoices and contracts, align operations with business objectives, and ensure compliance with legal and company policies.

• Design, implement, and review accounting policies and procedures to improve financial…