Finance Manager
Summary
| Title: | Finance Manager |
|---|---|
| ID: | 3399 |
| Location : | Riyadh |
| Nationality : | Any |
| Type of Contract : | Full-time |
Description
Key responsibilities
Financial reporting and accounting oversight
• Own monthly close process and ensure accurate, timely financial reporting across all entities and channels.
• Oversee statutory compliance including Zakat, tax authority filings, and annual audit coordination.
• Manage multi-currency accounting as organization expands internationally, including UK entity setup and ongoing UK financial operations.
• Establish and maintain accounting policies in line with Saudi GAAP and IFRS requirements, with appropriate adoption of UK accounting standards as UK presence develops.
• Maintain general ledger integrity and ensure clean documentation of all transactions.
Management reporting and FP&A;
• Build and maintain monthly management reporting that gives the CEO and senior team clear visibility into financial performance, channel-level profitability, and key business metrics.
• Develop revenue, gross margin, and operating expense tracking by channel, geography, and product collection (Standard versus Limited).
• Lead annual budgeting process in coordination with CEO and division leaders.
• Manage rolling forecasts and provide regular variance analysis against budget.
• Build financial models that support strategic decisions including pricing, channel investment, international expansion, and capital allocation. Treasury and cash management
• Manage cash position and forecast cash needs across operating accounts.
• Oversee banking relationships including operating accounts, credit facilities, and FX management.
• Manage working capital including supplier payment terms, receivables collection, and inventory financing implications.
• Implement appropriate FX strategy as international operations grow, including USD, GBP, and EUR exposure management.
• Identify and recommend treasury optimization opportunities including credit facility structures and cash conservation measures.
Channel and commercial finance support
• Provide financial analysis and decision support to the Commercial Director on channel mix, pricing decisions, and retailer terms.
• Track channel-level profitability and identify margin improvement opportunities.
• Support commercial decisions on B2B and B2G accounts including bid analysis, custom program profitability, and large-account economics.
• Build channel-level reporting that links commercial activity to financial outcomes.
• Provide financial inputs to commercial planning including UK launch financial modeling and Gulf distributor economics.
Strategic finance and capital
• Provide strategic finance partnership to the CEO on growth investment decisions, capital allocation, and major business decisions.
• Support capital strategy decisions including potential debt facilities, working capital lines, or external equity investment.
• If external capital is pursued, support investor materials, financial diligence, and ongoing investor relations in coordination with the CEO.
• Coordinate with the external fractional CFO advisor on strategic finance work that exceeds current internal capability.
• Build sophistication and capability over time to internalize strategic finance work as the role evolves toward CFO scope.
Tax planning and compliance
• Manage tax strategy and compliance across all organization entities.
• Coordinate with external tax advisors on Saudi tax matters including Zakat, VAT, and any Withholding Tax obligations.
• Support international tax planning as organization expands, including UK corporate tax, transfer pricing between Saudi parent and UK entity, and VAT compliance.
• Identify tax optimization opportunities within ethical and legal frameworks.
Financial systems and infrastructure
• Own organization's financial systems including accounting software, financial reporting tools, and integration with operational systems.
• Implement system improvements and migrations as scale and complexity demand more sophisticated infrastructure.
• Build financial controls and processes appropriate to a growing luxury brand.
• Document financial procedures and ensure consistent application across the organization. External relationships
• Manage relationships with external auditors, ensuring smooth annual audit process.
• Coordinate with external tax advisors on planning and compliance.
• Manage banking relationships including operating accounts, credit facilities, and FX services.
• Coordinate with the fractional CFO advisor during the Year 2-4 transition period.
• Build relationships with potential capital providers if external capital is pursued.
Team development and progression
• Manage and develop the existing Accountant and any subsequent finance hires.
• Hire FP&A; or Junior Finance team member in Year 3-4 as scale justifies.
• Build the finance team capability needed to support international scale.
• Develop personally toward CFO capability through stretch assignments, fractional CFO advisor mentorship, and continuous learning.
Required experience
• 5-8 years of progressive finance experience including senior accounting and financial planning roles.
• Professional accounting qualification (SOCPA, CPA, ACCA, CA, or equivalent international qualification).
• Demonstrated capability in financial reporting, management accounting, and budgeting at growing companies.
• Strong working knowledge of Saudi GAAP, IFRS, and Saudi tax regulations including Zakat and VAT.
• Experience supporting multi-channel businesses with retail, wholesale, and direct-to-consumer operations.
• Track record of building or strengthening financial systems and processes at scale-up companies.
• Strong analytical and modeling skills with proficiency in Excel and ideally financial systems including Oracle NetSuite, SAP, or comparable ERP. Preferred experience
• Background at a luxury, beauty, fragrance, or premium consumer brand at a similar scale to the organization.
• Experience supporting international expansion including UK or European entity setup, transfer pricing, and multi-jurisdiction tax planning.
• Familiarity with luxury industry economics including margin structures, channel economics, and inventory dynamics
Financial reporting and accounting oversight
• Own monthly close process and ensure accurate, timely financial reporting across all entities and channels.
• Oversee statutory compliance including Zakat, tax authority filings, and annual audit coordination.
• Manage multi-currency accounting as organization expands internationally, including UK entity setup and ongoing UK financial operations.
• Establish and maintain accounting policies in line with Saudi GAAP and IFRS requirements, with appropriate adoption of UK accounting standards as UK presence develops.
• Maintain general ledger integrity and ensure clean documentation of all transactions.
Management reporting and FP&A;
• Build and maintain monthly management reporting that gives the CEO and senior team clear visibility into financial performance, channel-level profitability, and key business metrics.
• Develop revenue, gross margin, and operating expense tracking by channel, geography, and product collection (Standard versus Limited).
• Lead annual budgeting process in coordination with CEO and division leaders.
• Manage rolling forecasts and provide regular variance analysis against budget.
• Build financial models that support strategic decisions including pricing, channel investment, international expansion, and capital allocation. Treasury and cash management
• Manage cash position and forecast cash needs across operating accounts.
• Oversee banking relationships including operating accounts, credit facilities, and FX management.
• Manage working capital including supplier payment terms, receivables collection, and inventory financing implications.
• Implement appropriate FX strategy as international operations grow, including USD, GBP, and EUR exposure management.
• Identify and recommend treasury optimization opportunities including credit facility structures and cash conservation measures.
Channel and commercial finance support
• Provide financial analysis and decision support to the Commercial Director on channel mix, pricing decisions, and retailer terms.
• Track channel-level profitability and identify margin improvement opportunities.
• Support commercial decisions on B2B and B2G accounts including bid analysis, custom program profitability, and large-account economics.
• Build channel-level reporting that links commercial activity to financial outcomes.
• Provide financial inputs to commercial planning including UK launch financial modeling and Gulf distributor economics.
Strategic finance and capital
• Provide strategic finance partnership to the CEO on growth investment decisions, capital allocation, and major business decisions.
• Support capital strategy decisions including potential debt facilities, working capital lines, or external equity investment.
• If external capital is pursued, support investor materials, financial diligence, and ongoing investor relations in coordination with the CEO.
• Coordinate with the external fractional CFO advisor on strategic finance work that exceeds current internal capability.
• Build sophistication and capability over time to internalize strategic finance work as the role evolves toward CFO scope.
Tax planning and compliance
• Manage tax strategy and compliance across all organization entities.
• Coordinate with external tax advisors on Saudi tax matters including Zakat, VAT, and any Withholding Tax obligations.
• Support international tax planning as organization expands, including UK corporate tax, transfer pricing between Saudi parent and UK entity, and VAT compliance.
• Identify tax optimization opportunities within ethical and legal frameworks.
Financial systems and infrastructure
• Own organization's financial systems including accounting software, financial reporting tools, and integration with operational systems.
• Implement system improvements and migrations as scale and complexity demand more sophisticated infrastructure.
• Build financial controls and processes appropriate to a growing luxury brand.
• Document financial procedures and ensure consistent application across the organization. External relationships
• Manage relationships with external auditors, ensuring smooth annual audit process.
• Coordinate with external tax advisors on planning and compliance.
• Manage banking relationships including operating accounts, credit facilities, and FX services.
• Coordinate with the fractional CFO advisor during the Year 2-4 transition period.
• Build relationships with potential capital providers if external capital is pursued.
Team development and progression
• Manage and develop the existing Accountant and any subsequent finance hires.
• Hire FP&A; or Junior Finance team member in Year 3-4 as scale justifies.
• Build the finance team capability needed to support international scale.
• Develop personally toward CFO capability through stretch assignments, fractional CFO advisor mentorship, and continuous learning.
Required experience
• 5-8 years of progressive finance experience including senior accounting and financial planning roles.
• Professional accounting qualification (SOCPA, CPA, ACCA, CA, or equivalent international qualification).
• Demonstrated capability in financial reporting, management accounting, and budgeting at growing companies.
• Strong working knowledge of Saudi GAAP, IFRS, and Saudi tax regulations including Zakat and VAT.
• Experience supporting multi-channel businesses with retail, wholesale, and direct-to-consumer operations.
• Track record of building or strengthening financial systems and processes at scale-up companies.
• Strong analytical and modeling skills with proficiency in Excel and ideally financial systems including Oracle NetSuite, SAP, or comparable ERP. Preferred experience
• Background at a luxury, beauty, fragrance, or premium consumer brand at a similar scale to the organization.
• Experience supporting international expansion including UK or European entity setup, transfer pricing, and multi-jurisdiction tax planning.
• Familiarity with luxury industry economics including margin structures, channel economics, and inventory dynamics

