Finance Manager
4 months ago
**Syarah **is on a mission to change how people buy their cars in Saudi and the Middle East. We offer buyers an end-to-end digital car buying experience where they can buy their next car from the comfort of their living rooms. Under the hood, we build systems to manage sourcing of cars, inspection, photography, merchandising, reconditioning, financing, insurance, shipping and many more. Our goal is to turn car buying into an experience of delight, comfort and peace of mind.
Finance Manager is reponsible to maintain financial budgeting, planning, compliance and analysis function. He is responsible to maintain audit, zakat, vat and withholding tax data and timely submission. He is responsible to provide management reporting assigned to him on timely manner.
**Responsibilities**:
**Accounting**:
- Set KPIs and monitor progress and development towards strategic objectives.
Act as a custodian of all financial numbers and single source of information in terms of:
- Work with concerned business units to evaluate and monitor the performance in following areas:
- Revenues and Cost of revenues in comparison with planned KPIs in order to track overall profitability.
- Expenses and comparison with key KPIs to track overall performance.
**Budgeting & Reporting**:
- Develop ad-hoc financial models as required to support business units management in decision-making.
- Set KPIs and monitor progress and development towards strategic objectives.
- Prepare budgets on an annual basis using budgeting techniques, incl. zero-based budgeting, incremental budgeting, or activity-based budgeting.
- Prepare business units-wise budgets/forecasts and consolidate the same to develop the overall consolidated budget/forecast.
- Ensure that all financial reports are prepared timely and accurately and meet the accounting standards, policies, and quality standards.
- Monitor, track, and compare the financial performance against budgeted figures and industry average.
- Perform variance analysis on a periodic basis, and receive reasons for variations from each business unit.
- Facilitate budgeting activities which include providing historical data, assist in variance analysis, etc.
- Conduct periodic cost performance analyses to identify cost trends, reveal logical insights, and provide recommendations to support management decisions.
- Manage the financial reporting and analysis activities.
- Gain a deep understanding of the business to deliver comprehensive analysis and report financial results and key metrics of the business units and provide the current state of the business with respective comparisons to budget, prior year, and outlooks.
**Compliance**:
- Coordinate with relevant external stakeholders for fulfilling the statutory compliances relating to the financial statements.
- Prepare the statutory financials of the business units and consolidated financials.
- Maintain compliance with ZATCA, GOSI, SOCPA regulations.
- Maintain compliance with Jordanian tax regulations. Maintain compliance with BVI regulations.
**Key Accountabilities**:
- Monthly closing within deadline and accuracy of modular data.
- Annual audit, Zakat, WHT and VAT data shared within deadline.
- Daily, weekly and monthly cash forecast reporting on deadline.
- Budget management and reporting on timely manner.
- AP, AR and Ordering reconciliation and sharing of data with respective people.
- Monthly closing of procurement, sales and inventory modules, posting and reconciliation with GL.
- Monthly accruals, prepayments and provisions transactions and adjustments and closing of TB.
- Daily cash position update and summary of collections and payments for planning. Manage and lead accounting team in order to achieve set timelines, reporting standards and KPI's.
**Requirements**:
- Bachelor's degree in Finance, Accounting, or a related field (Master's degree or MBA preferred).
- Professional certification such as SOCPA, CPA, CMA, ACCA or equivalent.
- 10 years or more of relevant experience is required. (3 years in transaction advisory services with leading consultancy firms).
- Strong knowledge of financial management, accounting principles, and financial reporting.
- Proficiency in financial software and ERP systems.
- Excellent analytical, problem-solving, and decision-making skills.
- Strong leadership and team management abilities.
- Exceptional communication and interpersonal skills.
- Ability to work under pressure and meet tight deadlines.
- Knowledge of relevant financial regulations and compliance requirements.
**Benefits**
- Attractive compensation package.
- Comprehensive medical coverage.
- A welcoming and respectful workplace culture.
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