Summary
Red Sea Coastal Trading Company, a subsidiary of Red Sea Global, is seeking a Senior Manager, General Ledger Controlling in Riyadh, Saudi Arabia. The role leads finance operations covering transaction recording, treasury, cash flow planning, payroll disbursements, and KSA VAT and Zakat compliance. It also supports financial reporting, statutory audits, funding strategy, bank facilities, and SAP and other system integrations. Applicants should be qualified accountants from an IFAC-accredited institution with at least 10 years of finance leadership experience in a multinational business of suitable scale.
The posting
As published on redseaglobal.com. Pulled from the employer's site and shown as they wrote it.
Join Red Sea Coastal Trading Company – A Subsidiary of Red Sea Global
Empowering Saudi Arabia's Coastal Development through Strategic Trading Solutions
Red Sea Coastal Trading Company, a proud subsidiary of Red Sea Global, is at the forefront of facilitating the Kingdom's ambitious coastal development projects. Our mission is to provide comprehensive trading solutions that support the construction and operational needs of transformative initiatives like The Red Sea Project and AMAALA.
Leveraging our strategic position along Saudi Arabia's Red Sea coast, we specialize in sourcing and supplying high-quality materials and services essential for the development of world-class tourism and infrastructure projects. Our commitment to sustainability and excellence ensures that we contribute significantly to the Kingdom's Vision 2030 goals.
What We Offer:
- A commitment to professional growth through continuous training programs.
- Opportunities to work on groundbreaking projects that set new standards in sustainable development.
- A collaborative environment that values innovation, excellence, and cultural sensitivity.
Join us in shaping the future of Saudi Arabia's coastal development. Apply Now to be part of a team that is redefining trading solutions through innovation and sustainability.
Job Purpose:
- Leads the finance operations team which manages and ensures accurate booking of all financial transactions and execution of all treasury operations as well as employee payroll and other disbursements across the Group, in line with commercial obligations, budgetary ownership, internal policies/controls and IFRS.
- Controls, analyzes and optimizes the Group operating and financing cashflows and utilization of bank facilities through regular cash flow planning and forecasting with the CFO to ensure liquidity is always adequate and at the right cost to support the Group’s current and future needs.
- Responsible for Group compliance on fiscal matters in KSA (VAT, Zakat). Supports the Group FC and CFO with monthly & statutory reporting key procedures and the statutory audit (and annual budget where required). Key external relationships with the Group’s banking partners, statutory auditors, credit insurers & tax advisory.
Job Responsibilities:
- Booking and recording of all financial transactions in line with budgetary ownership by entity and BU, internal policies, and controls and IFRS
- Execution of all treasury operations (payables, collections, credit control & insurance, documentary credit, financial guarantees and other instruments, bank funding, cash management & pooling) in support of all departments / entities requirements and to fulfil the Group’s commercial and funding obligations
- Monthly cash flow planning and forecasting to ensure liquidity is always adequate and at the right cost to support the Group’s current and future needs.
- Actively manages and services bank debt / funding portfolio through review, forecasting and planning of operating & financing cash flows and tracking KPI performance vs. covenants
- Supports the GM & Corporate Commercial Finance team, to develop the funding strategy and capital structure and to secure the right bank facilities to optimize financing costs
- Preparation of KSA fiscal reporting & regulatory compliance
- Leading and developing the Accounting team
- Supports HR & serves Group employees with the review and disbursement of the monthly payroll, business expenses and other reward mechanisms.
- Helping Corporate Commercial Finance & IT implement various setups of SAP and other integrations
- Various software’s
- MS Office Advance, ERP
- To assist all the activities driven by Corporate Commercial Finance
Policies, Systems, Processes, Procedures, Standards and Reports
- Follow all relevant functional policies, processes, standard operating procedures, and instructions to ensure that work is carried out in a controlled and consistent manner.
- Assist in the preparation of accurate and timely functional MIS statements and reports to meet corporate and functional requirements, policies, and standards.
Continuous Improvement
- Contribute to the identification of opportunities for continuous improvement of the department’s systems, processes and practices considering ‘international best practice’, improvement of business processes, cost reduction and productivity improvement.
Job Requirements:
Qualification and Experience:
- Qualified Accountant from IFAC accredited institution
- Min. 10 years in mid-level finance leadership role within a multi-national & suitable scale ($300M+ business)
- Background in Accounting & Reporting, Accounting Ops & Treasury management, Business Controls
Skills:
- Excellent Data and Analytical Skills
- Strong Presentation & Communication Skills
- Interpersonal and communication skills with the ability to interact with various management levels
- Superior attention to detail and ability to successfully handle multiple competing priorities while maintaining a view of the big picture.
- Ability to analyzing, interpret and scrutiny of financial information.
- Should possess organizing capability and have a pleasing, get-going personality.