Finance Manager at SIHAMCO

Dubai, Dubai, United Arab Emirates -

Full Time

Start Date

Immediate

Expiry Date

08 Mar, 26

Salary

0.0

Posted On

08 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Yes

Skills

Financial Management, Oracle ERP, Cost Accounting, Budgeting, Variance Analysis, Compliance, Tax Regulations, Audit Coordination, Cash Flow Management, Team Leadership, F&B Operations, Inventory Control, Procurement, Fixed Assets, General Ledger, Accounts Payable

Industry

Hospitality

Description

The Finance Manager is responsible for managing the full accounting cycle of the F&B group, leading the implementation and optimization of the Oracle ERP system, and ensuring accurate, timely financial reporting across all restaurants. The role acts as the operational financial backbone of the business, bridging restaurant operations with group financial strategy. This role is based in Riyadh, Saudi Arabia and supports relocation of the main member only. Visa + Flights + Attractive Basic Salary all provided for. Key Responsibilities1. Financial Management & Reporting Oversee the full month-end closing process for all outlets and head office. Prepare consolidated monthly management accounts (P&L, Balance Sheet, Cash Flow). Ensure accurate revenue recognition, cost allocation, and intercompany reconciliations between outlets. Monitor budget vs actual performance and prepare variance analysis with operational commentary. Deliver financial packs to CFO and senior management within agreed timelines. Maintain strong general ledger, fixed assets, accruals, and prepayments controls. 2. Oracle ERP Implementation & Ownership (Primary Focus) Lead the end-to-end implementation of Oracle ERP across all restaurants and head office. Act as the key business and finance owner of Oracle for: General Ledger (GL) Accounts Payable (AP) Accounts Receivable (AR) Inventory Procurement Fixed Assets Map restaurant operational workflows into Oracle (POS, inventory, purchasing, payroll). Partner with Oracle implementation consultants and internal stakeholders. Define chart of accounts, cost centers, outlets, menus, and reporting structures in Oracle. Lead User Acceptance Testing (UAT) and system go-live readiness. Train finance and operational teams on Oracle usage. Continuously optimize ERP processes post-go-live. 3. F&B Financial Operations Ensure accurate food and beverage cost accounting in coordination with the Head of Cost Control. Validate menu costing, recipe costing, wastage tracking, and gross margin analytics through the ERP. Review daily and weekly store-level flash reports. Ensure proper treatment of ** rebates, promotions, voids, discounts, and complimentary items**. Support outlet managers with financial interpretation of their store performance. 4. Compliance, Tax & Audit Ensure full compliance with: ZATCA VAT regulations Zakat and statutory filings Internal control frameworks Lead external audit coordination, including documentation, schedules, and auditor queries. Maintain accounting policies aligned with IFRS and Saudi regulations. Ensure proper documentation and control of all financial processes. 5. Cash Flow, Working Capital & Controls Monitor daily cash flow and bank balances in coordination with the CFO. Oversee supplier payments, aging, and cash forecasting. Strengthen internal controls, segregation of duties, and approval workflows within Oracle. Review bank reconciliations and payment runs. 6. Team Leadership Manage and develop: AP/AR Accountant Payroll / finance support staff Provide technical guidance to: Restaurant Cost Controllers Build a strong performance culture, SOPs, and compliance mindset within the finance team. Key Performance Indicators (KPIs) Timely month-end close (≤ 5 working days) ERP implementation milestones achieved on time & within budget ERP adoption rate and data accuracy Variance analysis quality and decision-support value Audit findings and control weaknesses Working capital efficiency (AP days, cash conversion) Bachelor’s degree in Accounting, Finance, or Business Administration Professional qualification preferred (ACCA, CPA, CMA, SOCPA) Minimum 7–10 years of finance experience At least 4–5 years in F&B / hospitality / multi-outlet retail Proven ERP implementation experience Strong understanding of: IFRS Cost accounting for restaurants Inventory and purchasing controls Experience in Saudi Arabia or GCC is strongly preferred About The Group: SIHAMCO is a strategic partner operating proudly under the General Entertainment Authority (GEA), National Events Center (NEC), Riyadh Season and Jeddah Season since 2019. At SIHAMCO, we don’t just lead Saudi Arabia’s hospitality and entertainment evolution—we create it from the ground up. Since 2008, we’ve been designing, constructing, and operating exceptional experiences that blend local authenticity with global standards. Every destination and concept we launch reflects our commitment to cultural storytelling, creative excellence, and operational precision. Crafting a Homegrown Legacy All brands under SIHAMCO are homegrown Saudi concepts, fully developed in-house — from initial vision and brand identity to concept creation, design, execution and operation. We don’t import ideas; we build them — crafting unforgettable experiences from scratch that resonate deeply with both local and international audiences. Our Signature Brands Every brand under our umbrella is proudly reflecting the heart and soul of Saudi culture, while achieving international acclaim. With over 25 original homegrown brands, SIHAMCO not only sets — but consistently surpasses — global standards in Entertainment, Hospitality, F&B, Lifestyle, Wellness, Family & Pet Entertainment Experience. Our signature ventures: The Groves, ZodiaC Cuisine, Little Krazy, LucaLand, LucaPark, The Polar Ice Bar, Milk & Butter Nail Spa, Kooz Karak, Birds of Eden, El Lechazo, Khawaja Yanni, Zama Zulu, Hawanim Groves City, Vida Vera, The Groves Pizzeria and Gem-In-I showcase what it means to innovate locally and shine globally. Our brands are also registered across the GCC and internationally such as the United Kingdom, Egypt, Morocco etc ensuring full legal protection and readiness for global expansion. We Are Only Getting Started! Several exciting new concepts and brands are currently under development, with launches planned in the coming months. From bold new ideas to thoughtfully crafted experiences, SIHAMCO continues to grow its portfolio with originality, creativity and cultural pride. People First Our team is our greatest asset—a dynamic mix of local talent and international expertise, all united by a passion for excellence. We nurture careers, encourage creativity, and build leaders. At SIHAMCO, we believe in rewarding our team with more than just a job — we offer an inspiring work environment and real opportunities for growth. Our benefits include: Competitive salary packages – aligned with market standards and experience Visa (1 year temp) & Flights into the country for non-citizens Accommodation Transportation Allowance Career development & Internal promotions – grow with us across departments and seasons Creative & collaborative work culture – built on passion, innovation, and attention to detail Exposure to high-end hospitality & entertainment concepts – gain experience in premium F&B and entertainment Experience working on premium events within The Groves, Riyadh Season Cultural diversity – join a team of passionate professionals from around the world Join us and be part of a company that’s redefining hospitality in Saudi Arabia and beyond.

Responsibilities

The Finance Manager oversees the full accounting cycle for the F&B group and leads the implementation of the Oracle ERP system. They ensure accurate financial reporting and act as the operational financial backbone of the business.