Finance Manager KSA
Jeddah - Saudi Arabia
Job Summary
This role will strategically manage and oversee all corporate finance functions in KSA with a primary focus on in-house taxation compliance planning and optimization thereby reducing outsourced financial service costs. This role will also encompass critical operational finance oversight providing financial leadership and support to hotels driving process improvements and championing financial system transformation to enhance efficiency and control across the organization.
Taxation Management:
- Lead and manage the in-house preparation review and timely submission of all corporate tax-related filings including Withholding Tax declarations corporate income tax returns and transfer pricing documentation in adherence to Saudi Arabian tax laws and regulations.
- Collaborate closely with external audit firms on all tax-related matters providing necessary documentation explanations and support during tax audits and reviews.
- Conduct regular reviews of tax exposure and identify opportunities for tax optimization and compliance improvement.
- Develop and maintain robust internal controls and processes to ensure accurate tax accounting and reporting.
- From Year 2 Onwards: Take ownership of the preparation and submission of Value Added Tax (VAT) returns ensuring accuracy and compliance.
Financial Statement Preparation & Audit Support:
- Actively participate in the preparation and review of corporate financial statements ensuring accuracy completeness and compliance with relevant accounting standards.
- Serve as a key point of contact for external auditors during year-end audits providing all required financial data schedules and explanations to facilitate a smooth and efficient audit process.
- Ensure timely resolution of audit queries and implementation of auditor recommendations related to financial reporting and controls.
Operational Finance Hotel Performance Review & Support:
- Conduct regular visits to hotels (as per a defined schedule) to review financial performance identify variances and provide actionable insights to hotel management.
- Monitor KPIs and work with hotel teams to develop and implement strategies for improvement.
- Provide guidance and support to hotel finance teams on accounting policies procedures and financial best practices
Financial System Transformation & Process Improvement:
- Act as the primary champion and subject matter expert for financial system transformation initiatives across the organization.
- Lead or support the deployment of new financial systems and modules at the hotel and corporate levels ensuring successful integration and user adoption.
- Review and optimize existing financial processes such as credit card reconciliation balance sheet reconciliation and workflow management identifying opportunities for automation efficiency gains and enhanced control.
Internal Control & Compliance:
- Ensure adherence to company financial policies procedures and internal controls at both corporate and hotel levels.
- Identify control weaknesses and recommend corrective actions based on the Level 2 controls and Focus Audit
Qualifications :
- Bachelors degree in Finance or Accounting (required).
- Valid SOCPA registration.
- Minimum 2 years of hotel finance experience preferably in a Financial Accountant role.
- Strong understanding of hotel finance operations and accounting processes.
- Saudi national.
- Knowledge of Saudi tax regulations including VAT Withholding Tax (WHT) Transfer Pricing and ZATCA compliance.
- Proficient in Microsoft Excel and ERP/accounting systems such as Oracle and SunSystems.
- Strong analytical problem-solving and organizational skills.
- Excellent written and verbal communication skills.
- Detail-oriented proactive and able to work independently as well as collaboratively.
Additional Information :
Our commitment to Diversity & Inclusion:
We are an inclusive company and our ambition is to attract recruit and promote diverse talent.
Why Join Us
- Be part of a global hospitality leader committed to innovation and excellence.
- Drive impactful projects that shape customer experiences
- Work in a dynamic multicultural environment with opportunities for growth.
Remote Work :
No
Employment Type :
Full-time
About Company
Innovation. Inspiration. Emotion. We are 330,000+ hospitality Talents perfecting the art of welcome with passion, inspiring and designing new ways of connecting and experiencing the world. People are the heart of everything we do fostering authentic and meaningful connections, and c ... View more