164 Budget Manager jobs in Saudi Arabia

Premium Solutions Consultancy is recruiting on behalf of a reputable client in Saudi Arabia for the position of Finance Manager . We are looking for a dynamic and experienced professional to lead and enhance operational efficiency. *Job Description: *
Effectively manage all accounting and financial tasks, oversee financial operations, provide periodic reports, and ensure strict compliance with financial regulations.

*Key Responsibilities: *

• Develop and present a comprehensive financial strategy aligned with company goals.
• Prepare budgets and lead the annual budgeting process.
• Establish regular forecasting for data-driven decision-making.
• Ensure timely and accurate financial reporting, including quarterly statements meeting regulatory requirements.
• Manage financial risks to enhance company stability.
• Maintain compliance with Saudi financial regulations.
• Ensure all financial reports meet regulatory standards.
• Optimize capital structure to support growth while maintaining target debt-to-equity ratios.
• Secure financing for strategic initiatives at minimal cost.
• Monitor and report financial performance against KPIs quarterly.
• Provide actionable insights to the CEO and executive team.
• Build strong relationships with banks and regulators to ensure financial stability.

Requirements & Qualifications:

• Saudi or non-Saudi national.
• Bachelor’s degree in accounting or finance.
• 5–7 years of accounting/finance experience.
• Strong knowledge of Saudi financial regulations and market dynamics.
• Leadership and communication skills.
• Proficiency in Arabic and English.
  Potential and interested candidates whose profile closely matches the requirements may send their CV to:
  
  
  Please mention " Finance Manager – KSA " in the subject line.

Sarmad is seeking a Finance Manager to join its insurance startup team. As the Finance Manager, you will be responsible for overseeing the financial operations of our organization and ensuring compliance with financial regulations. You will also be responsible for providing financial analysis, budgeting, forecasting, and strategic financial planning.

• Oversee the preparation and review of financial statements
• Manage the financial reporting process and ensure timely and accurate financial reporting
• Monitor and analyze financial performance, identify trends, and provide recommendations for improvement
• Develop and maintain financial policies and procedures
• Ensure compliance with financial regulations and reporting requirements
• Provide financial analysis and support for decision making
• Manage the budgeting and forecasting process
• Identify cost-saving opportunities and financial risks
• Manage relationships with banks, auditors, and other financial institutions
• Lead and mentor a team of finance professionals

• Minimum 5 years of experience in finance or accounting
• Bachelor's degree in finance, accounting, or related field
• Professional certification such as CMA or CPA is preferred
• Strong knowledge of financial principles and practices
• Experience in budgeting, forecasting, and financial analysis
• Excellent leadership and communication skills
• Fluency in English and Arabic
• Saudi nationality is required

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About the Company

We are looking for a dynamic, detail-oriented, and technically proficient Finance Manager to lead our finance and accounting operations. The ideal candidate will be ACCA-qualified with deep knowledge of GAAP, IFRS, and ISA, and hands-on experience in ERP systems such as Oracle and Microsoft Dynamics 365.

About the Role

The Finance Manager will oversee financial management and operations, ensuring timely and accurate financial reporting and compliance.

Responsibilities

• Financial Management and Operations
• Oversee day-to-day financial and accounting operations
• Ensure timely and accurate monthly closing processes
• Review and validate transactions across payables, receivables, and the general ledger
• Prepare monthly financial statements and internal management reports
• Support the annual budgeting and forecasting process

• Maintain effective internal controls to ensure financial accuracy and compliance

• Accounts Payable (AP) Oversight

• Define and document AP procedures and implement corrective actions where needed
• Ensure timely, accurate invoice processing and vendor payments
• Monitor aging reports and resolve outstanding payables
• Approve disbursements in line with internal policies

• Reconcile AP balances with vendor statements

• Month-End Closing and Reporting

• Lead month-end activities including accruals and prepayments (e.g. payroll, EOSB, leave, air tickets)
• Manage intercompany transactions and related-party disclosures

• Maintain and update the Fixed Asset Register, including depreciation and amortization schedules

• Payroll and Benefits

• Process monthly payroll and verify benefit calculations

• Ensure alignment with HR records and internal guidelines

• Banking and Compliance

• Prepare weekly bank reconciliations and monitor daily bank transactions
• Ensure VAT compliance and proper documentation of all purchases

• Manage all banking and insurance documentation, including cheque and pay order issuance

• Audit, Compliance, and Process Improvement

• Coordinate with auditors to ensure successful and timely annual audits
• Ensure full compliance with regulatory requirements and internal policies
• Lead initiatives for continuous improvement within the finance function
• Promote a culture of accountability, transparency, and operational excellence

Qualifications

• ACCA qualification (mandatory)
• Minimum of 5 years of experience in financial management, preferably in a corporate or multinational environment
• Solid understanding of IFRS, GAAP, IAS, and ISA standards
• Proficient in ERP systems such as Oracle or Microsoft Dynamics 365
• Strong command of Microsoft Office applications, especially Excel and Word

Required Skills

• Proven leadership and team management skills
• High attention to detail and accuracy
• Strong analytical and critical thinking abilities
• Excellent interpersonal and communication skills
• Ability to work under pressure, prioritize tasks, and meet tight deadlines
• High level of integrity and adherence to professional ethics

About the Job:

Provide daily financial analysis and strategic guidance to senior management to support sound financial and business decisions, aligned with the company's goals in delivering engineering and geospatial consulting services for government projects

Key Financial Leadership Responsibilities:

• Delivered accurate financial reports with strategic insights for senior management.
• Advised on investments and developed financial strategies aligned with company vision.
• Ensured financial sustainability through continuous monitoring and forecasting.
• Analyzed costs, pricing, and performance vs. project plans.
• Led budgeting, cost optimization, and long-term financial planning for government projects.
• Ensured regulatory compliance and effective financial controls.
• Fostered cross-functional collaboration to align financial and operational goals.

Qualifications:

• Bachelor's or Master's in Finance, Accounting, or Economics.
• Professional certifications preferred (e.g., CPA, CFA, or equivalent).
• 10+ Proven experience as a Financial Manager, ideally in engineering or geospatial firms.
• Strong knowledge of government contracting and procurement regulations.
• Expertise in financial forecasting, data analysis, and cost control.
• Proficient in financial systems and relevant software.
• Deep understanding of financial statistics and accounting principles.
• Committed to compliance with financial laws and regulations in Saudi Arabia or relevant jurisdiction.

• Work closely with the leadership team in executive-level financial management.
• Play a pivotal role in the company's strategic financial decision -making.

About Our Client
A well-established organisation within the financial services sector, this company is known for its robust operations and innovative approach. As part of a medium-sized team, it offers a challenging and rewarding environment for professionals in banking and financial services.

Job Description

• Oversee financial planning, budgeting, and forecasting activities.
• Ensure compliance with regulatory requirements and internal policies.
• Analyse financial performance and provide actionable insights to senior management.
• Develop and implement strategies for cost efficiency and revenue growth.
• Supervise and guide the finance team to achieve departmental goals.
• Collaborate with stakeholders to align financial strategies with business objectives.
• Prepare accurate and timely financial reports for internal and external stakeholders.
• Manage risk assessment and mitigation strategies within the organisation.

The Successful Applicant
A successful Finance Manager should have:

• A degree in finance, accounting, or a related field.
• Professional qualifications such as ACCA, CPA, or CFA are highly desirable.
• Proven expertise in banking and financial services operations.
• Strong analytical and problem-solving skills.
• Proficiency in financial software and tools.
• A solid understanding of regulatory frameworks in financial services.

What's On Offer

• A competitive compensation package.
• Performance-based bonus incentives.
• Comprehensive insurance coverage.
• A supportive and collaborative workplace culture.

This is an exciting opportunity for a Finance Manager to thrive in the financial services industry. Apply now to take the next step in your career

Contact

Radhika Menon

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Cipher | سايڤر is a cybersecurity solutions provider based in Riyadh, Saudi Arabia. The company's goal is to simplify the perception of complexity surrounding cybersecurity problems and solutions. Cipher's team of Saudi professionals and experts work tirelessly to develop, customize, and manage digital services and cybersecurity solutions to ensure their peace of mind. Our goal is to provide peace of mind to our clients by making digital security simple and efficient.

Key responsibilities:

• Lead the preparation and monitoring of annual budgets, project budgets, and rolling forecasts, ensuring alignment with business strategy and providing variance analysis.
• Provide strategic financial insights and business partnering support to management for investment decisions, new projects, and long-term planning.
• Report, interpret, and present financial performance and KPIs to senior management and the Board, enabling informed decision-making.
• Conduct product costing, profitability analysis, and pricing evaluations to support commercial growth strategies.
• Maintain accurate cash flow projections and optimize fund utilization, ensuring liquidity and effective capital allocation.
• Develop and maintain the chart of accounts tailored to evolving company operations.
• Oversee the preparation and accuracy of monthly, quarterly, and annual financial statements, in compliance with accounting standards.
• Manage banking relationships (credit facilities, LGs, account openings, working capital optimization).
• Ensure compliance with ZATCA and Saudi tax regulations (VAT, WHT, Zakat).
• Supervise the Accounts Receivable (AR) team, strengthening collections, billing accuracy, and credit control.
• Oversee payroll management, ensuring accuracy, confidentiality, and compliance.
• Supervise the full payment cycle (procure-to-pay, HR disbursements, expenses, reconciliations).
• Oversee and maintain general ledger accounts, ensuring completeness and integrity of financial records.

Role Description

This is a full-time on-site role for a Finance Manager, located in Riyadh, Saudi Arabia. The Finance Manager will oversee financial planning and analysis, budgeting, reporting, and compliance. Responsibilities include managing financial reports, budgets, forecasts, and ensuring compliance with financial regulations. The Finance Manager will also collaborate with other departments to support financial decision-making and policy formulation.

Qualifications

• Experience with Financial Planning, Budgeting, and Forecasting
• Strong skills in Financial Reporting and Compliance
• Proficiency in financial software and tools
• Ability to analyze financial data and provide actionable insights
• Excellent communication and interpersonal skills
• Bachelor's degree in Finance, Accounting, or related field; CPA or CMA certification is a plus
• Experience working in the cybersecurity industry is beneficial
• Ability to work independently and within a team

About the Role

The Financial Manager will be responsible for overseeing all financial functions across the company and its subsidiaries. This includes developing financial strategies, managing cash flow, preparing budgets and reports, ensuring compliance with IFRS, and implementing sound governance practices to achieve sustainable growth and profitability.

Responsibilities

• Develop and implement the company's financial strategy aligned with business goals.
• Supervise the preparation and analysis of annual budgets and financial variances.
• Oversee the preparation of consolidated financial statements in accordance with IFRS.
• Manage daily cash flow and maintain liquidity for operational and investment requirements.
• Establish and monitor efficient collection and payables management policies.
• Develop short- and long-term financing strategies with banks and investors.
• Lead digital transformation within financial systems and develop KPIs for performance tracking.
• Ensure full compliance with governance, risk management, and internal control standards.
• Mentor and lead finance teams across subsidiaries, building a culture of accountability.
• Represent the company before banks, auditors, investors, and regulatory entities.

Qualifications

• Bachelor's degree in Accounting, Finance, or Business Administration.
• (Master's or professional certifications such as CPA, CMA, or CFA are preferred).
• 10–15 years of experience in finance, with at least 5 years in a senior management role within a holding or multi-activity company.
• Strong command of IFRS and financial reporting standards.
• Proven experience in investment management, financial analysis, and corporate financing.
• Proficiency in ERP systems (Oracle, SAP, or similar).
• Excellent English communication skills (written and spoken).

Core Competencies

• Strategic and analytical thinking.
• Leadership and decision-making.
• Integrity, governance, and transparency.
• Risk management and financial control.
• Effective communication and stakeholder engagement.
• Innovation and continuous performance improvement.

Leads the finance operations team which manages and ensures accurate booking of all financial transactions and execution of all treasury operations as well as employee payroll and other disbursements across the Group, in line with commercial obligations, budgetary ownership, internal policies/controls and IFRS. Controls, analyzes and optimizes the Group operating and financing cashflows and utilization of bank facilities through regular cash flow planning and forecasting with the CFO to ensure liquidity is always adequate and at the right cost to support the Group's current and future needs. Responsible for Group compliance on fiscal matters in KSA (VAT, Zakat). Supports the Group FC and CFO with monthly & statutory reporting key procedures and the statutory audit (and annual budget where required). Key external relationships with the Group's banking partners, statutory auditors, credit insurers & tax advisory.

Responsibilities

• Supports the CFO to develop the Group funding strategy and capital structure and to secure the right bank facilities to optimize Group financing costs
• Leads and develops the finance operations team which mainly includes Treasury, Credit Risk Management, Account Receivable, Budgeting, group Payable operations
• Supervise the Booking and recording of all financial transactions in line with budgetary ownership by entity and BU, internal policies and controls and IFRS
• Execution of all treasury operations (payables, collections, credit control & insurance, documentary credit, financial guarantees and other instruments, bank funding, cash management & pooling) in support of all departments / entities requirements and to fulfil the Group's commercial and funding obligations
• Monthly cash flow planning and forecasting to ensure liquidity is always adequate and at the right cost to support the Group's current and future needs.
• Actively manages and services bank debt / funding portfolio through review, forecasting and planning of operating & financing cash flows and tracking KPI performance vs. covenants
• Preparation of KSA fiscal reporting (VAT, Zakat) to ensure financial compliance with the law and the company's policies
• Leads and develops the finance operations team
• Oversees and develops policies, systems, processes & procedures to enhance the business control environment, incl. the Group finance IT systems and controls and their continuous improvement to drive further process efficiency
• Key relationships with banks, statutory auditors, Credit insurers & tax advisory
• Supports HR & serves Group employees with the review and disbursement of the monthly payroll, business expenses and other reward mechanisms.

Qualifications

• Degree-Educated (BSc, BA)
• Chartered Accountant (ACA, ACMA, CFA or equivalent)
• Master's degree or MBA (advantageous)
• Min. 10 years in mid-level finance leadership role within a multi-national & manufacturing context and suitable scale ($200M+ Sales)
• Background in Accounting & Reporting, Accounting Ops & Treasury management, Business Controls
• Excellent Data and Analytical Skills
• Strong Presentation & Communication Skills

The Finance Manager (FM) is responsible for managing and overseeing the financial operations of the Steel Foundry and Iron Casting Factory. This role includes budgeting, cost control, financial reporting, and ensuring compliance with regulatory requirements. The FM supports strategic decision-making by providing accurate financial insights, managing risk, and optimizing resource allocation across procurement, production, and sales.

Key Responsibilities

Financial Planning & Analysis

• Prepare annual budgets and rolling forecasts, working closely with operations and procurement teams.
• Monitor financial performance against targets, highlighting variances and recommending corrective actions.
• Analyze costs related to production, scrap materials, ferroalloys, and logistics to improve profitability.

Reporting & Compliance

• Generate monthly, quarterly, and annual financial statements in compliance with local regulations (ZATCA, IFRS).
• Ensure accurate reporting of inventory, cost of goods sold (COGS), and overheads specific to foundry operations.
• Handle tax filings, zakat, VAT, and audit requirements in coordination with external consultants or auditors.

Cost & Inventory Control

• Implement cost accounting systems to track direct and indirect costs in melting, molding, machining, and finishing operations.
• Monitor raw material usage (scrap, ferroalloys) and finished goods inventory.
• Work with store, procurement, and production teams to manage inventory valuation and reconciliation.

Cash Flow & Banking

• Monitor daily cash flow, manage payments, and ensure optimal working capital.
• Oversee Letters of Credit (LCs), bank guarantees, and supplier payments, especially for international procurement.
• Coordinate with banks for financing facilities and ensure compliance with terms and covenants.

Process Improvement & Controls

• Enhance internal financial controls and standard operating procedures (SOPs).
• Support digital transformation initiatives (e.g., ERP implementation, data automation).
• Identify areas for cost reduction and efficiency improvement across departments.

Team & Stakeholder Management

• Supervise accounting and finance staff, ensuring accurate entries and timely closures.
• Collaborate with production, maintenance, procurement, and logistics teams for aligned financial practices.
• Report to CEO/CFO and provide insights for management decision-making.

Qualifications & Requirements

• Bachelor / Master's degree in Finance, Accounting, or related field (CPA, CMA, or MBA preferred).
• 10–15 years of finance experience, with at least 5-7 years in a manufacturing or industrial environment.
• Strong understanding of cost accounting, inventory control, and project finance.
• Proficient in ERP systems and advanced Excel skills.
• Knowledge of Saudi regulatory requirements (VAT, zakat, SAMA) is essential.
• Strong communication, leadership, and analytical skills.