Finance Manager at SIHAMCO

The Finance Manager is responsible formanaging the full accounting cycle of the FB group, leading theimplementation and optimization of the Oracle ERP system, and ensuringaccurate, timely financial reporting across all restaurants. The role acts as theoperational 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 ResponsibilitiesFinancial Management ReportingOversee the full month-end closing process for all outlets and head office.Prepare consolidated monthly management accounts (PL, 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.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)InventoryProcurementFixed AssetsMap 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.FB Financial OperationsEnsure 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.Compliance, Tax AuditEnsure full compliance with:ZATCA VAT regulationsZakat and statutory filingsInternal control frameworksLead 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.Cash Flow, Working Capital ControlsMonitor 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.Team LeadershipManage and develop:AP/AR AccountantPayroll / finance support staffProvide technical guidance to:Restaurant Cost ControllersBuild 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 budgetERP adoption rate and data accuracyVariance analysis quality and decision-support valueAudit findings and control weaknessesWorking capital efficiency (AP days, cash conversion)RequirementsBachelor’s degree in Accounting, Finance, or Business AdministrationProfessional qualification preferred (ACCA, CPA, CMA, SOCPA)Minimum 7-10 years of finance experienceAt least 4-5 years in FB / hospitality / multi-outlet retailProven ERP implementation experienceStrong understanding of:IFRSCost accounting for restaurantsInventory and purchasing controlsExperience in Saudi Arabia or GCC is strongly preferredAbout 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 evolutionwe 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 LegacyAll 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 BrandsEvery 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

Financial Management ReportingOversee the full month-end closing process for all outlets and head office.Prepare consolidated monthly management accounts (PL, 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.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)InventoryProcurementFixed AssetsMap 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.FB Financial OperationsEnsure 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.Compliance, Tax AuditEnsure full compliance with:ZATCA VAT regulationsZakat and statutory filingsInternal control frameworksLead 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.Cash Flow, Working Capital ControlsMonitor 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.Team LeadershipManage and develop:AP/AR AccountantPayroll / finance support staffProvide technical guidance to:Restaurant Cost ControllersBuild a strong performance culture, SOPs, and compliance mindset within the finance team. Financial Management Reporting Oversee the full month-end closing process for all outlets and head office. Prepare consolidated monthly management accounts (PL, 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. 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)InventoryProcurementFixed Assets 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. FB 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. Compliance, Tax Audit Ensure full compliance with: ZATCA VAT regulationsZakat and statutory filingsInternal control frameworks 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. 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 intern

Bachelor’s degree in Accounting, Finance, or Business AdministrationProfessional qualification preferred (ACCA, CPA, CMA, SOCPA)Minimum 7-10 years of finance experienceAt least 4-5 years in FB / hospitality / multi-outlet retailProven ERP implementation experienceStrong understanding of:IFRSCost accounting for restaurantsInventory and purchasing controlsExperience in Saudi Arabia or GCC is strongly preferred 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 FB / 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: Crafting a Homegrown Legacy Our Signature Brands We Are Only Getting Started! People First Benefits Competitive salary packages – aligned with market standards and experienceVisa (1 year temp) Flights into the country for non-citizensAccommodationTransportation AllowanceCareer development Internal promotions – grow with us across departments and seasonsCreative collaborative work culture – built on passion, innovation, and attention to detailExposure to high-end hospitality entertainment concepts – gain experience in premium FB and entertainmentExperience working on premium events within The Groves, Riyadh SeasonCultural diversity – join a team of passionate professionals from around the world 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 FB and entertainment Experience working on premium events within The Groves, Riyadh Season Cultural diversity – join a team of passionate professionals from around the world

📊 Experience Required: 7-10 years of finance experience

⭐ Seniority Level: Mid-Senior level

🎯 Job Function: Finance

See who SIHAMCO has hired for this role

🏭 Industries: IT Services and IT Consulting

👥 Number of Applicants: 111

📅 Posted Date: December 17, 2025