Manager - Finance

About Red Sea Sports & Entertainment (RSSE)

RSSE, a subsidiary of Red Sea Global (RSG), delivers immersive land and marine experiences at The Red Sea destination. It manages a variety of sports and recreational activities including water sports (Galaxea), adventure sports (Akun), and general recreational activities (WAMA). RSSE supports an inclusive partnership with the Saudi Olympic & Paralympic Committee to enhance accessible sports and recreational experiences. The organization is deeply committed to sustainability and people-centric initiatives aligned with Vision 2030 and regenerative tourism goals.

Role Purpose

The Finance Manager oversees daily financial operations, reporting, and budget management across RSSE’s brands and activities. Reporting to the Cluster Manager – Finance, this role ensures accurate transaction recording, implements financial controls aligned with IFRS, company policies, and Delegation of Authority (DoA), and provides timely financial data to support managerial decisions.

Key Responsibilities

• Manage daily finance functions including Accounts Payable, Accounts Receivable, General Ledger, and cash/bank reconciliations.
• Lead month-end and year-end closing activities in SAP, handling accruals, GR/IR accounts, vendor advances, and unbilled revenues; submit closing files for senior management review.
• Compile monthly and quarterly management reports with variance analysis for RSSE overall and by brand.
• Collaborate with brand and operations teams to prepare annual budgets and forecasts for approval.
• Monitor operating and capital expenditures versus approved budgets, escalating any overruns or unbudgeted requests.
• Verify purchase requests, invoices, and payments against approved purchase orders, work cost codes, and DoA prior to approvals.
• Ensure finance team reviews pricing structures, package deals, and commercial contracts, confirming DoA approval.
• Prepare and reconcile intercompany charges with RSG entities and partners, following up on collections.
• Maintain compliance with IFRS, VAT/ZATCA, and internal financial controls.
• Support internal and external audits, ensuring audit issues are addressed and closed.
• Conduct financial analysis, ROI evaluations, and build dashboards to inform management decisions.
• Assist in CAPEX tracking and maintain accuracy of the fixed asset register.
• Lead and mentor the RSSE finance team including Specialists and Senior Specialists.

Managerial Duties

• Contribute to overall departmental strategy aligned with RSSE’s mission and vision.
• Develop section objectives, KPIs, and operational plans ensuring achievement of financial targets.
• Assist with budget planning and monitor financial results.
• Establish, enforce, and monitor finance policies and procedures.
• Ensure adequate staffing and professional development of the finance section in coordination with senior leadership.

Required Qualifications

• Bachelor's degree in Finance, Accounting or related discipline.
• A minimum of 8 years of professional experience, including 2 years in managerial finance roles; experience in hospitality, tourism or entertainment is desirable.
• Professional credentials such as CPA, CMA, or SOCPA are preferred.
• Proficient with SAP (FI/CO modules); experience with Ariba is advantageous.

Technical Expertise

• Financial reporting compliant with IFRS standards
• Budgeting and forecasting methodologies
• Cost control techniques
• Financial data analysis
• Experience with ERP/finance systems, particularly SAP
• Regulatory and compliance knowledge