74 Finance Director jobs in Saudi Arabia

Overview

Duties & Responsibilities:

• Oversee the development and implementation of business plans and budgets for the company and its associates.
• Ensure alignment with corporate strategy and direction.
• Manage investment requirements and provide financial assessments for new ventures.
• Offer financial and operational advice to optimize resources.
• Define and oversee financial strategy, including treasury, planning, and investments.
• Direct operational and investment plans to ensure liquidity while minimizing interest expenses.
• Negotiate and optimize bank facilities based on company needs.
• Analyze external influences (interest rates, competition, etc.) to advise management on performance optimization.
• Design and implement a profit center for foreign exchange optimization.
• Assist in selecting an audit firm to ensure timely and high-quality audits.
• Develop departmental policies and processes for operational excellence.
• Approve the design of the common chart of accounts.
• Build and maintain a financial system covering accounting, purchasing, and inventory management.
• Direct budgeting, risk mitigation, and reconciliation processes across departments.
• Provide leadership and support to Finance & Accounting employees to ensure effective workflows.
• Assess business processes for compliance with international standards.
• Provide financial support to all departments.
• Review sales invoicing, collections, and credit control processes.
• Implement an internal auditing process to detect and resolve potential fraud.
• Ensure timely and accurate financial reporting to stakeholders.
• Coordinate with HR for staffing and resources in Finance & Accounting.
• Conduct periodic performance reviews of the Finance team.

Skills

• Prepare projected cash flow statements and manage banking facility requirements.
• Set and monitor KPIs annually for financial activities.
• Conduct performance appraisals for the finance and accounting teams, managing disciplinary actions when necessary.
• Perform monthly variance analysis and recommend corrective actions.
• Manage receivables, payables, and inventory to optimize working capital.
• Develop policies for Fixed Asset Management including tracking and disposal.
• Review employee expense claims and implement relevant policies.
• Coach the Finance team to enhance skills and address business needs.
• Handle any other tasks assigned by the CFO.

Overview

Position: Director of Finance

Location: KSA, Riyadh & Alkharj

Employment Type: Full-time

Industry: Retail, E-commerce, and Manufacturing

We are hiring an experienced Finance Director to join our growing team!

• Lead and manage the finance and accounting team.


• Prepare financial reports, budgets, and forecasts.


• Monitor cash flow, accounts, and financial transactions.


• Analyze financial performance and recommend improvements.


• Coordinate internal and external audits.


• Ensure compliance with financial regulations and internal policies.


• Support strategic planning and investment decisions.

• Bachelor's degree in Accounting, Finance, or a related field.


• Minimum of 5 years of experience in financial management or senior accounting roles.


• Fluent in English & Arabic.

Apply now and be part of our financial transformation journey!

Please take a moment to fill out questionnaire in the Google Form.

Keep in mind that applications will only be considered if the form is submitted.

The ideal candidate will contribute to the overall success of the organization by effectively managing all financial tasks. They will oversee the financial operations of the business and provide frequent financial reports. They will also assure strict adherence to financial regulations and compliance.

• Maintain accurate financial statements and reports
• Ensure compliance with internal financial and accounting policies
• Oversee all payroll functions
• Effectively maintain all financial records

• Bachelor's degree in Accounting or related field
• 5+ years' of experience in finance or accounting
• Strong communication and analytical skills

Our client is a private General Hospital located in Riyadh, Saudi Arabia. As an accomplishment of its commitment to excellence, our client received the "Diamond" accreditation, which is the highest level of recognition for performance excellence that an organization can achieve in health care from Accreditation Canada's Qmentum International Accreditation.

Please note that this position is based in The Middle East; relocation, accommodation, and additional benefits apply.

A trusted and well-established client of ours in The Middle East is seeking an experienced Executive Finance Director.

The Executive Finance Director is responsible for all the functions related to the financial and business operations of a hospital.

• Manage the department's day-to-day operations.
• Recommend policies, plans, and budgets to the leadership entity.
• Ensure department compliance with approved policies and procedures.
• Ensure department compliance with applicable laws and regulations.
• Lead a team of managers and administrative staff in successful execution of departmental responsibilities.
• Develop and implement processes for staff recruitment, retention, and personal development.
• Provide timely response to reports from inspecting and regulatory agencies, if applicable.
• Ensure effective communication of department-related information throughout the hospital.
• Determine and plan the department/service type of care and services consistent with the hospital's mission and patient needs.

• Work with the hospital board and management to develop financial goals and objectives.
• Responsible for operating and capital budgets, revenue and expense budgets, cash forecasts, profit planning, and capital investment programs.
• Provide guidance in the management of assets, investments, and financial trends.
• Collaborate with department/service managers to implement financial plans and productivity benchmarks.
• Establish a five-year strategic financial plan as part of the hospital's strategic planning process.
• Employ a system of responsible accounting, including budget and internal controls.
• Ensure timely completion of monthly financial statements and productivity reports.
• Maintain effective revenue cycle processes to keep patient accounts receivable at an acceptable level.
• Maintain knowledge of governmental and private insurance reimbursement methodologies.

• Prepare annual operating budgets with departmental input.
• Prepare capital budgets and cash flow projections.
• Arrange lines of credit and maintain banking relations.
• Ensure attainment of short- and long-term financial and operational goals.
• Oversee external auditors' coordination and ensure compliance with acceptable accounting practices.
• Ensure adequate cash flow to meet the organization's needs.
• Oversee the maintenance of the inventory of all fixed assets.

• Oversee overall management and operations of the Business Center.
• Provide operational and strategic leadership to maintain and improve revenue cycle.
• Ensure maximum performance of revenue management across multiple entities.
• Proactively manage the billing process and maintain strong internal client relationships with third-party payers.
• Develop systems and processes for revenue cycle improvement.
• Initiate and participate in the development of revenue cycle strategy.
• Direct and establish policies for the business center, ensuring compliance with hospital standards and regulations.
• Monitor department efficiency and implement performance improvements.

• Knowledgeable in healthcare organization fiscal management.
• Understanding of laws and regulations governing work requirements.
• Knowledge in contracts and understanding the benefits and risks of various contractual arrangements.
• Basic computer knowledge.
• Management and supervisory skills.
• Analytical and problem-solving skills.
• Effective verbal, presentation, and listening communication skills.
• Effective written communication skills.

• Bachelor's Degree in Accounting or Finance is required.
• Certified Public Accountant (CPA)/Chartered Accountant, Master in Business/Hospital Administration (MBA) required.
• Post-graduate training in Master's Degree in Business Administration or Accounting.

• Ten (10) years of experience in financial management with progressively increasing responsibility.
• A minimum of five years of experience as CFO, controller, or finance director in a hospital setting is required.

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Responsibilities

• Lead and manage the accounts payable team, providing guidance, training, and performance evaluations.
• Oversee the full-cycle AP process, including invoice processing, payment runs, vendor reconciliations, and month-end close activities.
• Ensure compliance with internal controls, company policies, and regulatory requirements.
• Maintain accurate records of all accounts payable transactions and ensure timely resolution of discrepancies.
• Collaborate with procurement, finance, and other departments to streamline processes and improve efficiency.
• Manage vendor relationships and respond to inquiries in a timely and professional manner.
• Monitor key AP metrics and prepare reports for senior management.
• Support audits by providing necessary documentation and responding to auditor inquiries.
• Identify and implement process improvements and automation opportunities.

• Bachelor’s degree in Accounting, Finance, or a related field.
• Minimum of 6 years of experience in accounts payable, with at least 2 years in a supervisory or managerial role.
• Strong knowledge of accounting principles and AP best practices.
• Proficiency in ERP systems SAP S4
• Excellent analytical, organizational, and problem-solving skills.
• Strong communication and interpersonal skills.
• Familiarity with automation tools and digital workflows.

Join to apply for the Manager, Financial Reporting role at Ceer .

• Lead and manage the accounts payable team, providing guidance, training, and performance evaluations.
• Oversee the full-cycle AP process, including invoice processing, payment runs, vendor reconciliations, and month-end close activities.
• Ensure compliance with internal controls, company policies, and regulatory requirements.
• Maintain accurate records of all accounts payable transactions and ensure timely resolution of discrepancies.
• Collaborate with procurement, finance, and other departments to streamline processes and improve efficiency.
• Manage vendor relationships and respond to inquiries in a timely and professional manner.
• Monitor key AP metrics and prepare reports for senior management.
• Support audits by providing necessary documentation and responding to auditor inquiries.
• Identify and implement process improvements and automation opportunities.

• Bachelor’s degree in Accounting, Finance, or a related field.
• Minimum of 6 years of experience in accounts payable, with at least 2 years in a supervisory or managerial role.
• Strong knowledge of accounting principles and AP best practices.
• Proficiency in ERP systems SAP S4
• Excellent analytical, organizational, and problem-solving skills.
• Strong communication and interpersonal skills.
• Familiarity with automation tools and digital workflows.

Overview

Strategic Gears is one of the largest local management consultancies in Saudi Arabia, and the market leader in providing multidisciplinary services for both the private and public sectors. The company offers consulting solutions in the areas of Strategy, Marketing, Operations & Organizational Excellence, and Digital, to a range of clients in both the public and private sectors. The company is heavily involved in the transformation era of Saudi Arabia, driven by the Vision 2030 initiative, in engagement with various government organizations and the Vision Realization Programs as well as the private sector. Strategic Gears has delivered projects in more than 17 sectors for the most well-known entities in the public sector including ministries, regulatory authorities, and the Saudi Stock Exchange, as well major private sector entities in the Kingdom. Today, Strategic Gears has offices in Riyadh and Jeddah in Saudi Arabia, as well as an office in Cairo, Doha and in London. The company is currently expanding its operations and is hiring to support this growth.

We are seeking a highly qualified professional to join our team in the area of financial planning, budgeting, and financial reporting. The successful candidate will be responsible for preparing and analyzing financial data, supporting decision-making, and contributing to the development of financial strategies to ensure optimal resource utilization.

• Develop and implement financial plans and monitor annual budgets.
• Prepare accurate and timely financial reports for senior management.
• Analyze financial performance and provide recommendations for improvement.
• Contribute to the development of financial policies and internal controls.
• Ensure compliance with relevant financial regulations and standards.

• Minimum of 4 years of experience in financial planning, budgeting, and financial reporting.
• Previous experience in government or semi-government entities is preferred.
• Bachelor’s degree in finance, Accounting, or a related field (professional certifications such as CPA or CMA are preferred).
• Strong analytical and problem-solving skills with the ability to deliver accurate reports.
• Proficiency in Microsoft Office, particularly Excel.