Lead the financial operations of a SAMA-regulated fintech entity by overseeing accurate and timely financial reporting, regulatory compliance, and accounting frameworks across lending and payments portfolios.
Key Responsibilities
- Direct the preparation of monthly, quarterly, and annual financial statements in compliance with IFRS and SAMA standards, ensuring alignment with Group Finance requirements.
- Ensure all financial records are audit-ready and support statutory reporting and consolidation processes.
- Prepare and submit all required SAMA regulatory returns related to payments and credit activities, meeting deadlines and inspection expectations.
- Act as the primary finance liaison with external regulators, auditors, and advisors, escalating matters to Group Finance as needed.
- Produce management accounts that are reconciled with group standards and reflect operational performance accurately.
- Provide entity-level financial insights for budgeting, forecasting, and performance analysis to support group FP&A initiatives.
- Design and maintain an accounting structure aligned with IFRS 9, SAMA rules, and internal policies for financial products.
- Supervise financial operations including lending facilities, working capital, settlement cycles, and safeguarding of client funds.
- Ensure compliance with ZATCA regulations, including VAT, withholding tax, and corporate tax filings, in coordination with tax specialists.
- Collaborate with internal audit, risk, compliance, and external consultants to uphold governance standards.
- Optimize ERP systems (Oracle, SAP, or equivalent) to meet regulatory and reporting needs.
- Strengthen internal controls, financial policies, and risk practices specific to the entity’s operations.
- Lead, mentor, and develop a high-performing finance team within the broader group’s functional framework.
Qualifications and Experience
Applicants should hold a bachelor’s degree in finance, accounting, or a related field, with 10–15 years of progressive experience in financial roles within lending or financial services. Direct experience with IFRS 9, regulatory reporting, and ERP platforms such as Oracle or SAP is essential.
Preference will be given to candidates with a master’s degree or professional certification (e.g., SOCPA, CPA, ACCA, CA), experience in SAMA-regulated institutions or fintech environments, and a strong grasp of CMA, IFRS, and tax compliance frameworks. Demonstrated leadership under regulatory scrutiny and a disciplined, governance-focused mindset are critical.
