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Join Red Sea Coastal Trading Company - A Subsidiary of Red Sea Global

Empowering Saudi Arabia's Coastal Development through Strategic Trading Solutions

Red Sea Coastal Trading Company, a proud subsidiary of Red Sea Global, is at the forefront of facilitating the Kingdom's ambitious coastal development projects. Our mission is to provide comprehensive trading solutions that support the construction and operational needs of transformative initiatives like The Red Sea Project and AMAALA.

Leveraging our strategic position along Saudi Arabia's Red Sea coast, we specialize in sourcing and supplying high-quality materials and services essential for the development of world-class tourism and infrastructure projects. Our commitment to sustainability and excellence ensures that we contribute significantly to the Kingdom's Vision 2030 goals.

Job Purpose:

Leads the Group's Accounts Payable, Accounts Receivable and Finance Operations functions as the single senior owner of the end-to-end procure-to-pay and order-to-cash cycles. Directs two junior team leads (AP Lead and AR Lead) and their teams, setting priorities, service levels and controls so that all supplier invoices, employee disbursements, customer invoicing and collections are processed accurately, on time and in line with internal policies, delegation of authority and IFRS. Owns working capital performance across payables and receivables - payment runs, ageing, credit control, disputes and cash application - and partners with Treasury on short-term cash forecasting. Drives standardisation, automation and continuous improvement of finance operations processes on SAP, and ensures readiness for internal and statutory audit. Acts as the escalation point for suppliers, customers, business units and shared-service stakeholders on all AP/AR matters.

Job Responsibilities:

• Owns the end-to-end Accounts Payable cycle: invoice receipt, three-way matching, GRIR clearing, approvals per delegation of authority, payment run preparation, supplier statement reconciliation and vendor master governance.
• Owns the end-to-end Accounts Receivable cycle: customer invoicing, billing accuracy, cash application, collections and dunning, credit control and credit limits, dispute and deduction resolution, and provisioning for expected credit losses.
• Leads, coaches and develops the AP and AR teams through the two team leads: sets objectives and KPIs, allocates workload, reviews output quality, builds bench strength and succession, and manages performance and development plans.
• Manages working capital performance across payables and receivables - DPO, DSO, ageing profiles, unapplied cash and overdue balances - and reports variances with corrective action plans.
• Provides the AP/AR inputs into the short-term cash flow forecast and payment planning in coordination with Treasury, so that liquidity is adequate and disbursements are prioritised correctly.
• Owns AP/AR month-end close activities: sub-ledger to general ledger reconciliations, accruals, intercompany balances, ageing analysis and open item clean-up, delivered to the Group close calendar.
• Ensures compliance with KSA fiscal and regulatory requirements affecting AP/AR, including VAT treatment on payables and receivables, e-invoicing (ZATCA/Fatoora) requirements, withholding tax and supporting Zakat and tax filings.
• Designs, documents and enforces AP/AR policies, SOPs and internal controls; maintains segregation of duties, approval matrices and a fraud-prevention control environment over payments and master data.
• Serves as the primary escalation point for suppliers, customers, budget owners and business units on payment, invoicing, collection and dispute matters, and maintains service levels for query resolution.
• Leads process improvement and automation of finance operations on SAP and related tools - workflow, e-invoicing, OCR/scanning, supplier and customer portals, payment file automation - working with Finance Systems and IT.
• Supports employee-facing disbursements in coordination with HR and Payroll, including business expense claims, advances and other reward-related payments.
• Manages internal and external audit requirements for AP/AR: prepares schedules, responds to audit queries and closes out audit findings within agreed timelines.
• Produces AP/AR operational and management reporting - ageing, KPI dashboards, exception reporting and volumetrics - for the Associate Director Finance and senior leadership.

Policies, Systems, Processes, Procedures, Standards and Reports

• Follow all relevant functional policies, processes, standard operating procedures, and instructions to ensure that work is carried out in a controlled and consistent manner.
• Assist in the preparation of accurate and timely functional MIS statements and reports to meet corporate and functional requirements, policies, and standards.

Continuous Improvement

• Contribute to the identification of opportunities for continuous improvement of the department’s systems, processes and practices considering ‘international best practice’, improvement of business processes, cost reduction and productivity improvement.

Qualification and Experience:

• Bachelor's degree in Accounting, Finance or a related discipline; professional qualification (CA, ACCA, CPA, CIMA) from an IFAC accredited institution preferred.
• Minimum 10-12 years of progressive finance experience, including at least 5 years leading Accounts Payable, Accounts Receivable or shared-service finance operations teams.
• Proven experience managing a multi-layer team, including team leads and their direct reports, in a multi-entity or multi-national environment of suitable scale.
• Strong background in procure-to-pay and order-to-cash process design, internal controls, credit control and working capital management.
• Hands-on SAP experience (FI/AP/AR modules) and exposure to finance automation, workflow and e-invoicing implementations.
• Working knowledge of IFRS and KSA regulatory requirements (VAT, withholding tax, ZATCA e-invoicing, Zakat); GCC or KSA experience preferred.

Skills:

• Strong people leadership: able to lead through team leads, set direction, coach and hold a team accountable to service levels.
• Excellent data and analytical skills, with the ability to interpret, scrutinise and challenge financial information.
• Deep process and controls mindset with the ability to standardise, document and continuously improve high-volume transactional processes.
• Strong stakeholder management, negotiation and escalation-handling skills with suppliers, customers and senior internal stakeholders.
• Strong presentation and communication skills, able to interact effectively with all management levels.
• Superior attention to detail and the ability to handle multiple competing priorities without losing sight of the big picture.
• Advanced MS Excel and ERP proficiency; comfortable with reporting, dashboards and automation tools.
• Well organised, resilient and delivery-focused, with a collaborative and approachable working style.