Finance Manager (Real Estate)
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About the Role:
We are seeking an experienced Finance Manager to lead all financial operations for a premium residential resort in North Riyadh. This role requires a strategic financial leader who can deliver transparent, accurate, and timely financial reporting while ensuring full regulatory compliance and supporting the achievement of ambitious occupancy and revenue targets.
Key Requirements:
- Minimum 8 years of real estate financial and accounting experience
- At least 5 years in operational management of large-scale residential or mixed-use developments in KSA or the GCC
- Degree in Finance, Accounting, or Business Administration required
- Professional accreditation (CPA, ACCA, CMA, or equivalent) strongly preferred
- Deep understanding of ZATCA compliance requirements (VAT, e-invoicing, WHT, Zakat)
- Working knowledge of IFRS standards and REGA guidelines
- Proficiency in property management systems (Yardi, Yarn, or similar platforms)
- Strong stakeholder management skills with experience interfacing with owners, auditors, and regulatory authorities
- Fluent in English (written and spoken); Arabic proficiency highly valued
Key Responsibilities:
Financial Leadership & Reporting:
- Oversee all financial operations for a large-scale residential community with 1,100+ units
- Prepare and deliver monthly management accounts, quarterly financial statements, and annual audited accounts
- Maintain open-book financial records with real-time transparency for ownership review
- Lead budget preparation, forecasting, and variance analysis processes
Revenue & Income Management:
- Direct rent billing, collection operations, and revenue reconciliation across residential and commercial portfolios
- Oversee utility sub-metering, rebilling processes, and deposit management
- Prepare revenue forecasts and annual rent benchmarking reports aligned with market regulations
- Monitor and optimize non-residential revenue streams including retail, amenities, and value-added services
Budget & Cost Control:
- Develop annual operating and capital budgets in collaboration with operational leadership
- Monitor expenditure against approved budgets and implement variance mitigation strategies
- Ensure competitive procurement practices and contract cost control
- Drive cost efficiency while maintaining premium service standards
Compliance & Governance:
- Ensure full compliance with Saudi Arabian tax regulations and statutory filing requirements
- Maintain segregated financial accounts and support internal control frameworks
- Coordinate with internal and external auditors; provide comprehensive audit documentation
- Implement and monitor financial policies, procedures, and approval workflows
Team Leadership:
- Lead and develop a finance team including collection specialists and finance officers
- Interface with facilities management contractors on invoice verification and cost reconciliation
- Collaborate with property, leasing, and operations teams on financial planning and tenant account management
- Provide financial insights and analysis to support strategic decision-making
Strategic Contribution:
- Support continuous improvement initiatives to maximize asset value and operational efficiency
- Deliver ad hoc financial analysis and reporting to support ownership objectives
- Contribute to ESG reporting and sustainability financial tracking
- Ensure bad debt provisions remain within industry-leading thresholds
Skills & Competencies:
- Advanced Microsoft Excel (financial modeling, pivot tables, advanced formulas) and PowerPoint
- Strong analytical and problem-solving capabilities
- Excellent written and verbal communication skills
- Detail-oriented with exceptional accuracy and organizational abilities
- Ability to work under pressure and meet tight reporting deadlines
- Strong work ethic and commitment to transparency and integrity
What We Offer:
- Opportunity to work with a global leader in real estate services
- Exposure to premium residential property management at institutional scale
- Collaborative, professional work environment
- Career development opportunities within JLL's regional and global network
- Competitive compensation package
Location: Riyadh, Kingdom of Saudi Arabia
Employment Type: Full-time, On-site
Location:
On-site -Riyadh, SAUIf this job description resonates with you, we encourage you to apply even if you don’t meet all of the requirements. We’re interested in getting to know you and what you bring to the table!
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