Requirements
Requires a Bachelor's degree in Finance, Accounting, or related field, with an MBA or CPA being advantageous. Must have 8+ years of experience in AR, billing, credit, or collections, including 3-5 years in a managerial role. Proficiency in SAP ERP, knowledge of GAAP, receivables internal controls, and relevant regulatory requirements are essential.
Description
This role sits within the finance function of a specialized utilities subsidiary of a global company, based in Riyadh, Saudi Arabia. The subsidiary delivers integrated utility services — including renewable energy, water desalination, wastewater treatment, solid waste management, district cooling, and telecommunications infrastructure — in support of large-scale regenerative tourism developments in Saudi Arabia.The RoleThe Manager, Financial Operations leads the full accounts receivable and billing lifecycle within the Utilities Finance department. The position reports to the Director of Finance and carries responsibility for accurate invoicing, revenue recognition, collections performance, and cash flow optimization. The role also covers process improvement, automation, and compliance with regulatory and internal control requirements.ResponsibilitiesFinalize end-user agreements and manage end-to-end billing processes.Collaborate with operations teams to verify completeness and accuracy of consumption data.Generate and submit final bills to clients; reconcile payments and close invoices in SAP ERP.Monitor aging reports and identify delinquent accounts.Negotiate payment arrangements with overdue customers and escalate unresolved cases as required.Work with stakeholders to define and implement credit policies.Maintain internal controls and ensure adherence to regulatory frameworks applicable to utilities.Support internal and external audits and implement policies to safeguard receivables.Prepare and present AR KPIs; provide insights to senior leadership to support decision-making.Identify process inefficiencies and recommend improvements.Drive automation initiatives to improve accuracy and efficiency in billing and collections.Qualifications And ExperienceBachelor's degree in Finance, Accounting, or a related field; MBA or CPA is an advantage.8 or more years of experience in accounts receivable, billing, credit, or collections.Minimum 3 to 5 years in a managerial role.Working knowledge of GAAP, receivables internal controls, and relevant regulatory requirements.Proficiency in SAP ERP; experience with Oracle and CRM systems is also expected.Demonstrated ability to build and mentor teams.Strong communication and negotiation skills for engagement with customers and internal stakeholders.Additional SkillsExperience in the utilities sector.Analytical capability using Excel, data visualization tools, and reporting platforms.Familiarity with utility-specific billing systems or measurement tools.LocationRiyadh, Saudi ArabiaAbout MENA CareersMENA Careers is a private equity career platform built for candidates who want better access to recruiters, live opportunities, and market insight. It helps members discover relevant private equity roles, find specialist recruiters, and navigate the search with sharper direction across Dubai, Abu Dhabi, Riyadh, Doha, London, and Singapore. MENA Careers is designed to make the private equity search more focused, more informed, and more effective. For more information, visit joinsenna.com.