Manager - Finance (SPV/Projects)-Saudi Nationals

Overview

Your Job Functions (Duties & Responsibilities)

• Oversee and coordinate financial accounting process, including monthly, quarterly, and annual closing process, following closing checklist and booking revenues, development costs and completing/overseeing the completion of all monthly reconciliations.
• Ensure compliance with accounting standards and regulations, maintaining accurate financial records.
• Create and implement accounting practices, purchasing guidelines, and ensure that accounting procedures adopted by the company are consistently updated.
• Implement and strengthen financial controls to safeguard company assets and prevent fraud.
• Establish and maintain effective relationships across all departments within the organization and ensure all issues raised are resolved timely and sufficient support given.
• Coordinate preparation of the Company’s annual budgets, periodic forecasts and long-term financial projections, ensuring alignment with operational plans, business objectives and contractual requirements.
• Operate and maintain the Company’s integrated financial model, incorporating operating assumptions, revenue projections, O&M costs, capital expenditure, working capital, debt service, financing costs, taxes and cash flows.
• Update financial forecasts under different operating and commercial scenarios, including sensitivity and stress testing of key assumptions and their impact on profitability, liquidity and cash generation.
• Work closely with Operations, Commercial, Technical and other functions to develop and validate key financial and operational assumptions underpinning budgets and forecasts.
• Monitor actual performance against budget and forecast, analyse variances, identify key drivers and recommend corrective actions where required.
• Prepare forward-looking cash flow forecasts and liquidity projections, including assessment of funding requirements, debt service obligations and availability of cash for distributions and other corporate requirements.
• Maintain the financial model to reflect changes in operating performance, contractual arrangements, financing terms, capital expenditure plans and other material developments affecting the project.

Qualifications & Requirements

• Bachelor’s degree in Accounting, Finance, or a related field.
• Proven experience in financial planning, forecasting, and financial modelling.
• Strong analytical and problem-solving skills.
• Excellent communication and stakeholder management skills.
• Proficiency in financial software and tools.
• Experience in financial compliance and regulatory reporting.
• Ability to work in a fast-paced environment and manage multiple priorities.
• Experience in the energy and water sectors.