Finance Manager – KSA
Job Description
<strong><u>Job Description</u></strong><p><br></p><strong>About the company </strong><p><br></p>Lenskart is Asia’s largest eyewear company serving 40 Million people – helping them see better and lead better quality lives. We have more than 1500 omnichannel stores across 175 cities in India, Singapore and Dubai. Our aim is to serve One Billion eyes by 2025 globally. And in this journey, we want to go beyond vision correction to transform the way people see and experience the world. That’s our new purpose – and we can only get there through cutting-edge technology and exceptional people.<p><br></p>Our international businesses are young and hustling, growing at warp speed to cater to larger shares of their respective markets. At present, we have a distribution presence of more than 40 retail stores across Singapore and UAE, and active expansion plans across Asia and the Middle east regions.<p><br></p><strong><u>About The Role</u></strong><p><br></p>The Finance Manager will be responsible for overseeing all financial activities within the organization, ensuring accurate financial reporting, effective budgeting and forecasting, and compliance with relevant regulations. The successful candidate will provide strategic financial guidance to senior management, drive financial performance, and support key business decisions.<p><br></p><strong><u>What Your Responsibilities Will Be</u></strong><p><br></p><strong>Financial Planning and Analysis</strong><p><br></p><ul><li>Develop and implement financial strategies, policies, and procedures to achieve organizational goals and objectives.</li><li>Prepare and manage the annual budgeting process, including the development of financial forecasts and targets.</li><li>Conduct financial analysis and provide insights to senior management for effective decision-making.</li><li>Monitor financial performance against budgets, identify variances, and recommend corrective action</li></ul><p><br></p><strong>Financial reporting and compliance</strong><ul><li>Prepare accurate and timely financial statements, reports, and presentations for management and external stakeholders.</li><li>Ensure compliance with accounting standards, regulations, and local tax requirements.</li><li>Coordinate with external auditors during annual audits and manage the preparation of audit schedules and documentation.</li></ul><p><br></p><strong>Cash flow management</strong><ul><li>Manage the organization’s cash flow, including monitoring cash balances, cash forecasts, and liquidity requirements.</li><li>Develop and implement effective treasury management strategies, including cash management, working capital, and risk management.</li><li>Optimize banking relationships and negotiate favourable terms with financial institutions.</li></ul><p><br></p><strong>Financial controls and risk management</strong><ul><li>Establish and maintain robust internal controls to safeguard company assets and ensure compliance with policies and procedures.</li><li>Identify and mitigate financial risks, including currency risks, interest rate risks, and other financial exposures.</li><li>Monitor and assess the financial impact of potential business risks and recommend appropriate risk management strategies.</li></ul><p><br></p><strong>Leadership and development</strong><ul><li>Lead and manage the finance team, providing guidance, mentorship, and support.</li><li>Foster a high-performance culture, encourage professional growth, and ensure the team’s effectiveness and productivity.</li><li>Conduct performance evaluations, set goals, and provide ongoing feedback to team members.</li></ul><p><br></p><strong><u>Job Requirements</u></strong><p><br></p><strong>Who we are looking for</strong><p><br></p><ul><li>In-depth knowledge of financial principles, accounting standards, and taxation regulations in Saudi Arabia.</li><li>Strong analytical skills with the ability to interpret financial data and provide strategic recommendations.</li><li>Experience in financial planning, budgeting, forecasting, and financial modeling.</li><li>Proficiency in financial management software and advanced MS Excel skills.</li><li>Excellent leadership and interpersonal skills, with the ability to effectively communicate financial information to non-financial stakeholders.</li><li>Strong organizational skills with the ability to prioritize and manage multiple tasks in a fast-paced environment.</li><li>Fluent in English and Arabic, both written and verbal.</li></ul><p><br></p><strong><u>Qualifications</u></strong><p><br></p><ul><li>Bachelor’s degree in Finance, Accounting, or a related field.</li></ul>
