Finance Manager

The Finance Manager will oversee the financial operations of a real estate portfolio, ensuring compliance with IFRS, managing budgeting and forecasting processes, controlling project costs, and supporting strategic decision-making. The role requires strong expertise in real estate accounting, project-based financial management, and stakeholder coordination.Key ResponsibilitiesPrepare monthly, quarterly, and annual financial statements in accordance with IFRS.Ensure compliance with ZATCA regulations and other local statutory requirements.Manage the external audit process and coordinate with auditors.Ensure accurate revenue recognition (including off-plan sales, leasing, and property management income).2. Budgeting, Forecasting & Cost ControlLead the annual budgeting and periodic forecasting processes.Monitor project-wise budgets (CAPEX & OPEX) and analyze variances.Support feasibility studies and financial modeling for new projects.Monitor construction cost capitalization and work-in-progress (WIP).Manage escrow accounts and project cash flow planning.Ensure proper accounting treatment for land acquisition, development costs, and leasing contracts.4. Cash Flow & Treasury ManagementPrepare rolling cash flow forecasts.Manage banking relationships and financing facilities.Monitor working capital and liquidity position.Review payment approvals and financial controls.5. Internal Controls & GovernanceDevelop and strengthen financial controls and standard operating procedures (SOPs).Ensure proper segregation of duties and risk mitigation practices.Support ERP implementation and system improvements (if applicable).Supervise and mentor accounting staff.Assign responsibilities and monitor performance.Promote continuous improvement and professional development.Qualifications & ExperienceBachelor’s degree in Accounting or Finance (Master’s degree preferred).Professional certification such as ACCA, CMA, CPA, or SOCPA is preferred.8–12 years of finance experience, including at least 3–5 years within real estate or property development.Strong knowledge of IFRS (particularly revenue recognition and lease accounting).Experience in project accounting and cost control.Proficiency in ERP systems and advanced MS Excel.Experience dealing with banks and external auditors.Strong analytical and financial modeling skills.Strategic thinking with operational execution capability.High integrity and attention to detail.Strong communication and stakeholder management skills.Ability to work under pressure and meet deadlines.#J-18808-Ljbffr