Finance Manager

JOB PURPOSE Lead the finance function for Shory KSA as its in-country finance lead, ensuring accurate and timely financial reporting, full compliance with Saudi tax, statutory and regulatory requirements, a effective financial controls as the business grows. The role is the finance partner for Shory KSA leadership and the in-country link to Group Finance for reporting, consolidation, intercompany recharges and audit readiness. KEY ACCOUNTABILITIES Responsibilities: Financial Reporting ● Own the monthly, quarterly and annual close for Shory KSA under IFRS as endorsed by SOCPA, in line with Group timelines. ● Prepare statutory financial statements, coordinate the external audit and complete the annual filing on the Qawaem platform. ● Deliver management and KPI reporting with commentary on performance, cash, receivables, insurer balances and key variances against budget and forecast, to Shory KSA leadership and Group Finance. Group Reporting & Consolidation ● Prepare and submit the monthly, quarterly and annual reporting packs to the UAE parent and Group Finance in line with Group templates, timelines and accounting policies. ● Map the Shory KSA ledger to the Group chart of accounts and support the consolidation process, including intercompany matching and elimination entries. ● Maintain intercompany reconciliations and cost recharges with UAE and Group entities in line with the Group allocation methodology. ● Respond to ad hoc information requests from the parent company, Group auditors and advisors. Tax & Zakat (ZATCA) ● Prepare Zakat and/or corporate income tax returns, and withholding tax on cross-border payments, for Group Finance approval and filing. ● Manage VAT compliance and returns, and maintain compliance with ZATCA e- invoicing (FATOORA) integration requirements. ● Support transfer pricing documentation and disclosures for intercompany transactions with Group Tax and external advisors. ● Respond to ZATCA queries and assessments, and coordinate any objections. Revenue, Collections ● Oversee revenue recognition, billing and collections, including commission ● Prepare cash flow forecasts and manage Saudi banking relationships and payments within the delegation of authority. ● Monitor receivables and payables and resolve settlement discrepancies with partners. Payment, Reconciliation & Gateway Monitoring ● Monitor daily transaction flows across all payment gateways and channels, tracking success rates, failed and pending transactions and settlement timing. ● Oversee daily and monthly reconciliations between the policy/sales platform, payment gateway reports, acquirer settlements and bank statements, and ensure unmatched items are investigated and cleared promptly. ● Reconcile premiums collected on behalf of insurers against remittances due, ensuring accurate and timely settlement within agreed terms. ● Manage refunds, cancellations, chargebacks and disputes with gateways and acquirers, and ensure they are correctly reflected in the books. ● Validate gateway and merchant fees (MDR and transaction charges) against contracted rates and recover any overcharges. ● Maintain controls over payment processing and gateway access, and escalate anomalies, outages or suspected fraud to leadership and the relevant teams. Budgeting & Performance ● Prepare the Shory KSA annual budget and rolling forecasts as part of the Group planning process. ● Track performance against plan, including marketing spend and acquisition cost, and raise risks and opportunities early. ● Provide financial analysis for business cases, new partner integrations and commercial initiatives. Controls & Compliance ● Operate internal controls covering segregation of duties, approvals, reconciliations and audit trails, appropriate for a pre-IPO group. ● Ensure compliance with Companies Law and Commercial Registration obligations, and support any financial reporting required by the sector regulator ● Work with People & Culture on payroll accuracy, GOSI, Mudad/WPS and end- of-service provisions. ● Keep documentation audit-ready and support Group internal audit and IPO readiness work. Team & Stakeholder Management ● Lead, coach and develop the Shory KSA finance team (currently the Senior Officer Finance), including performance management and development planning. ● Manage outsourced providers (accounting, tax, audit, payroll) and their deliverables. ● Act as finance partner to Shory KSA leadership. QUALIFICATIONS, EXPERIENCE, SKILLS Qualifications: ● Bachelors degree in Accounting or Finance. ● Professional qualification (SOCPA, CPA, ACCA or CMA) preferred. Experience: ● 8–10+ years of progressive finance experience, including at least 2–4 years managing a finance team or leading a finance function. ● Recent hands-on KSA experience: ZATCA (Zakat/CIT, VAT, WHT), e-invoicing, GOSI, statutory audit and filing. ● Experience with payment gateway and high-volume transaction reconciliations. ● Insurance, fintech or digital platform experience preferred. Job-Specific Skills: ● Strong technical accounting and month-end close discipline. ● Working knowledge of Saudi tax and statutory requirements. ● Group reporting and consolidation (chart of accounts mapping, intercompany eliminations). ● Strong reconciliation and controls mindset. ● Budgeting, forecasting and financial analysis. ● Proficiency in ERP and reporting tools (TBC: Group ERP). ● Fluent Arabic and English.

8–10+ years of progressive finance experience, including at least 2–4 years managing a finance team or leading a finance function. Recent hands-on KSA experience: ZATCA (Zakat/CIT, VAT, WHT), e-invoicing, GOSI, statutory audit and filing. Bachelor’s degree in Accounting or Finance. Professional qualification (SOCPA, CPA, ACCA or CMA) preferred.

Financial Reporting: Own the monthly, quarterly and annual close for Shory KSA under IFRS as endorsed by SOCPA, in line with Group timelines. Prepare statutory financial statements, coordinate the external audit and complete the annual filing on the Qawaem platform. Deliver management and KPI reporting with commentary on performance, cash, receivables, insurer balances and key variances against budget and forecast, to Shory KSA leadership and Group Finance. Group Reporting & Consolidation: Prepare and submit the monthly, quarterly and annual reporting packs to the UAE parent and Group Finance in line with Group templates, timelines and accounting policies. Map the Shory KSA ledger to the Group chart of accounts and support the consolidation process, including intercompany matching and elimination entries. Maintain intercompany reconciliations and cost recharges with UAE and Group entities in line with the Group allocation methodology. Respond to ad hoc information requests from the parent company, Group auditors and advisors. Tax & Zakat (ZATCA): Prepare Zakat and/or corporate income tax returns, and withholding tax on cross-border payments, for Group Finance approval and filing. Manage VAT compliance and returns, and maintain compliance with ZATCA e-invoicing (FATOORA) integration requirements. Support transfer pricing documentation and disclosures for intercompany transactions with Group Tax and external advisors. Respond to ZATCA queries and assessments, and coordinate any objections. Revenue, Collections: Oversee revenue recognition, billing and collections, including commission. Prepare cash flow forecasts and manage Saudi banking relationships and payments within the delegation of authority. Monitor receivables and payables and resolve settlement discrepancies with partners. Payment, Reconciliation & Gateway Monitoring: Monitor daily transaction flows across all payment gateways and channels, tracking success rates, failed and pending transactions and settlement timing. Oversee daily and monthly reconciliations between the policy/sales platform, payment gateway reports, acquirer settlements and bank statements, and ensure unmatched items are investigated and cleared promptly. Reconcile premiums collected on behalf of insurers against remittances due, ensuring accurate and timely settlement within agreed terms. Manage refunds, cancellations, chargebacks and disputes with gateways and acquirers, and ensure they are correctly reflected in the books. Validate gateway and merchant fees (MDR and transaction charges) against contracted rates and recover any overcharges. Maintain controls over payment processing and gateway access, and escalate anomalies, outages or suspected fraud to leadership and the relevant teams. Budgeting & Performance: Prepare the Shory KSA annual budget and rolling forecasts as part of the Group planning process. Track performance against plan, including marketing spend and acquisition cost, and raise risks and opportunities early. Provide financial analysis for business cases, new partner integrations and commercial initiatives. Controls & Compliance: Operate internal controls covering segregation of duties, approvals, reconciliations and audit trails, appropriate for a pre-IPO group. Ensure compliance with Companies Law and Commercial Registration obligations, and support any financial reporting required by the sector regulator. Work with People & Culture on payroll accuracy, GOSI, Mudad/WPS and end-of-service provisions. Keep documentation audit-ready and support Group internal audit and IPO readiness work. Team & Stakeholder Management: Lead, coach and develop the Shory KSA finance team (currently the Senior Officer Finance), including performance management and development planning. Manage outsourced providers (accounting, tax, audit, payroll) and their deliverables. Act as finance partner to Shory KSA leadership.