Finance Supervisor

Finance Supervisor / Riyadh

Apply remote type Not specified locations Riyadh time type Full time posted on Posted 2 Days Ago job requisition id R-23219

The Finance Supervisor will be responsible for overseeing the whole financial operations of Istituto Marangoni Riyadh ensuring compliance with both KSA regulations and Group, and supporting the School & Education Director with financial planning and analysis.

This role requires a hands-on approach to managing daily financial activities while implementing best practices for a start-up and fast-growing organization.

The Finance Supervisor will be in charge of managing the department and ensure the School and Group financial results.

1. Financial Planning and Analysis

1. Conduct financial analysis on revenue, direct costs, and operational expenses to ensure financial health.
2. Monitor cash collection and cash flow forecasts, providing proactive recommendations.
3. Support in identifying opportunities to enhance profitability and financial efficiency.
4. Provide financial insights and reporting to the management team for informed decision-making.
5. Assist in defining and resolving financial challenges specific to a start-up environment.

2. Financial Reporting and Compliance

1. Oversee and validate accounting records to ensure accuracy and compliance with Saudi financial regulations.
2. Ensure adherence to IFRS standards and internal financial policies.
3. Supervise the work of external accountants and auditors, ensuring proper documentation and reporting.
4. Guarantee the preparation of financial statements, tax filings, and compliance reports.
5. Support internal and external audits by preparing necessary financial documents.
6. Oversee bank reconciliations, expense tracking, and petty cash management.

3. Budget and Forecasting

1. Prepare monthly and annual budgets, ensuring alignment with company objectives and Group standards.
2. Conduct variance analysis to track financial performance against forecasts.
3. Guarantee cost control initiatives and resource allocation.
4. Provide recommendations to enhance financial planning strategies based on data-driven insights.

1. Experience: from 3+ to 5 years of experience in finance or accounting, preferably within a start-up or fast-paced environment.
2. Language Skills: Arabic Native. Proficiency in English.
3. Nationality: Saudi nationality is a plus.
4. Educational Background: Bachelor's degree in Finance, Accounting, or a related field.
5. ICT Tools: Office Suite proficiency.
6. Organizational Skills: Strong analytical, problem-solving, and organizational skills. Ability to work independently and collaborate effectively with cross-functional teams.
7. International Mindset: Open to work in an international environment and in a start-up company.

Istituto Marangoni
Istituto Marangoni was founded in 1935 in Milano as 'Istituto Artistico dell'Abbigliamento Marangoni' and in 2015 it reaches a special milestone, 80 years of history and success in training the top professionals of Fashion and Design. Istituto Marangoni can praise itself for the education of four generations of students from 5 continents and for having launched over 45,000 professionals in fashion and luxury fields, such as Domenico Dolce, Franco Moschino, Alessandro Sartori, Maurizio Pecoraro, Paula Cademartori, Andrea Pompilio and Lucio Vanotti. It currently educates more than 4,000 students per year from 107 countries at its schools, located in Milano (the School of Fashion and the School of Design), Firenze, Paris, London, Shanghai, Shenzhen, Mumbai and Miami, the international capitals of fashion, design and luxury. For additional information, visit istitutomarangoni.com .

Why Istituto Marangoni?
As members of Istituto Marangoni, participants will have the chance to grow professionally within an international organization. They will be part of a multicultural team who works together to enhance young talents across the world and take high-quality education to the next level. Moreover, they will also join a dynamic and enthusiastic environment where they will be empowered with innovative tools to lead their own work, as a proactive team member. Istituto Marangoni solid foundations lie within a long-standing, strong heritage that make the institute leaders in the private, high-quality education. Istituto Marangoni's academic offer demonstrates the commitment, professionalism and passion for continuous development. When participants join Istituto Marangoni, they will be part of a committed team of industry experts who will support and inspire while turning them into young professionals.