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Finance Manager

Job in Riyadh, Riyadh Region, Saudi Arabia
Listing for: Magna AI
Full Time position
Listed on 2026-01-17
Job specializations:
  • Finance & Banking
    Financial Manager, Corporate Finance
  • Management
    Financial Manager
Salary/Wage Range or Industry Benchmark: 150000 - 200000 SAR Yearly SAR 150000.00 200000.00 YEAR
Job Description & How to Apply Below

Magna AI is a global integrated-value-chain AI transformation factory, architecting the future of the intelligent enterprise. Through a unified approach that spans strategy, engineering, integration, and operations, Magna AI delivers secure AI infrastructure, applications, and services designed to drive measurable, scalable, and organization-wide transformation. Powered by next-generation technology from Trend Micro, NVIDIA, and Wistron Digital Technology Holding Company, Magna AI enables enterprises to evolve into intelligent, adaptive, and future-ready organizations confidently.

Magna AI enables enterprises to evolve into intelligent, adaptive, and future-ready organizations confidently.
Building the enterprise AI economy.

Job Summary:

Role Purpose

The Financial Controller / Finance Manager owns Magna’s end-to-end financial management, covering corporate finance, project financial control, and field operations finance. The role ensures disciplined financial planning, cash flow control, statutory compliance, and tight project-level cost and margin governance across client engagements and field deployments, while acting as a trusted financial partner to the CEO.

Key Responsibilities
  • Lead annual and rolling business planning, budgeting, and forecasting.
  • Develop and maintain integrated financial models covering revenue, cost structures, headcount, and capital expenditure.
  • Support the CEO with business cases, pricing strategies, investment analysis, and scenario planning.
  • Track performance versus plan and provide actionable variance analysis.
  • Establish and own project-level financial governance for all client engagements.
  • Set up project budgets, cost baselines, revenue recognition, and margin tracking.
  • Monitor project burn rates, profitability, and cash collection against milestones.
  • Work closely with project managers and practice leads to flag overruns, scope creep, and margin erosion.
  • Approve project-related expenditures and change-order financial impact assessments.
Field Operations & Delivery Finance
  • Provide financial oversight for field operations, including on-site teams, deployments, and client-facing delivery activities.
  • Control travel, accommodation, allowances, subcontractor, and field resource costs.
  • Ensure accurate cost allocation between projects, practices, and regions.
  • Support pricing and costing models for field-based services and managed engagements.
Cash Flow & Treasury Management
  • Own cash flow forecasting, liquidity management, and working capital control.
  • Align project billing schedules with cash collection and delivery milestones.
  • Monitor receivables aging and enforce collection discipline.
  • Coordinate with banks and payment partners in Saudi Arabia.
Accounting, Reporting & Controls
  • Oversee general ledger, month-end and year-end close processes.
  • Prepare CEO dashboards, project profitability reports, and board-level financial summaries.
  • Maintain strong internal controls, approval matrices, and financial policies.
  • Manage external auditors and ensure audit readiness.
Tax, Statutory & Regulatory Compliance
  • Ensure compliance with Saudi Zakat, VAT, corporate tax, and statutory reporting requirements.
  • Maintain mandatory legal and financial documentation.
  • Coordinate with external advisors on tax, legal, and regulatory matters.
  • Support intercompany and JV-related financial reporting as needed.
HR & People Finance
  • Partner with HR on workforce planning, payroll oversight, and compensation cost modeling.
  • Ensure payroll accuracy and compliance with Saudi labor law and GOSI.
  • Model utilization, billable rates, and cost structures for delivery and field teams.
  • Implement and optimize finance systems, ERP, and project accounting tools.
  • Standardize project finance, billing, and cost control processes.
  • Prepare the finance function for scale, multi-entity expansion, and increased governance.
Priority Skills & Competencies
  • Strong project finance and margin control experience
  • Proven ability to manage field operations and delivery-related costs
  • Advanced FP&A and cash flow management capabilities
  • Solid understanding of Saudi tax, statutory, and regulatory requirements
  • Hands-on mindset with strong business partnering skills
  • Ability to work closely with CEOs, project leaders, and field teams
Qualifications & Experience
  • Bachelor’s degree in Finance, Accounting, or related discipline.
  • Professional certification preferred (CPA, ACCA, CA, CMA).
  • 8–12 years of finance experience, including project-based or services-led organizations.
  • Experience in consulting, technology services, or engineering delivery environments is a strong advantage.
  • Prior experience working in Saudi Arabia is strongly preferred.
Why Join Magna
  • Direct reporting to the CEO with ownership of corporate and project finance.
  • Opportunity to build finance discipline across delivery, field operations, and growth.
  • High visibility role in a fast-scaling AI transformation organization.
  • Clear path to expanded group finance leadership as Magna grows.
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