Accounts Manager

Job Description: Accounts Manager (On-site)

Department: Finance

Reports To: Directly to Operations Manager With dotted line to COO / Chairman

Location: Saudi Arabia – Riyadh

Role Purpose

• The Accounts Manager will lead the day-to-day accounting operations of Al Manaar and its subsidiaries, ensuring accuracy, compliance, and timely financial reporting.
• The role is structured as a high-potential leadership track, where the candidate will progressively assume broader financial responsibilities with a clear pathway toward Financial Manager position based on performance and organizational needs.

Key Responsibilities

1. Core Accounting Operations

• Oversee general ledger, accounts payable, accounts receivable, and reconciliations
• Ensure monthly, quarterly, and annual closing timely
• Maintain accuracy of financial records across entities
• Supervise accounting staff and workflows
• Direct interactions with accounting team within subsidiaries as needed.

2. Financial Reporting & Analysis

• Prepare monthly financial reports (P&L, Balance Sheet, Cash Flow)
• Support consolidation across Al Manaar subsidiaries
• Analyze variances vs budget and prior periods
• Provide actionable insights to management

3.Compliance & Governance

• Ensure compliance with IFRS and local regulatory requirements in Saudi Arabia
• Coordinate with auditors (internal & external)
• Maintain strong internal controls and financial policies
• Support board-level reporting requirements

4. Cash Flow & Working Capital Management

• Monitor cash flow positions and liquidity across entities
• Track receivables, payables, and inventory impact on working capital
• Support forecasting accuracy and variance tracking

5. Systems & Process Improvement

• Improve accounting systems, reporting tools, and automation
• Standardize financial processes across subsidiaries
• Support implementation of ERP or reporting dashboards

6. Strategic & Leadership Exposure (Development Track)

• Support budgeting and financial planning cycles
• Participate in investment evaluations and business cases
• Assist in banking relationships and financing structures
• Gradually take ownership of finance-related decision support

Future Role Progression (Indicative)

• Subject to performance and business needs, the role may evolve into Financial Manager with full ownership of finance function, strategic planning, banking relationships, and board-level leadership.

Qualifications & Experience

• Bachelor’s degree in accounting, Finance, or related field
• 8 –12 years of relevant experience
• Experience in multi-entity or group structure preferred
• Strong knowledge of IFRS and financial reporting standards
• Experience in Saudi Arabia (preferred)

Certifications (Preferred)

• CPA / ACCA / CMA or equivalent
• Additional certifications are a plus

Key Competencies

• Strong analytical and financial modeling skills
• High attention to detail and accuracy
• Leadership potential and team management capability
• Strong communication skills (English required, Arabic preferred)
• Ability to operate in a board-facing, high-accountability environment
• Knowledge and experience with ERP systems.

Success Indicators (KPIs)

• Accuracy and timeliness of financial reporting
• Improvement in cash flow visibility and forecast accuracy
• Audit findings and compliance quality
• Process efficiency improvements
• Readiness for expanded financial leadership role

Other requirements

• Transferable Iqama