Finance Manager (Real Estate)

Role Overview

Finance Manager (Real Estate) at JLL, leading all financial operations for a premium residential resort in North Riyadh, Kingdom of Saudi Arabia.

Company Overview

JLL is a leading global provider of real estate and investment management services. The organization combines world-class services, advisory, and technology for clients and is committed to hiring talented people and empowering them to build meaningful careers.

Role Purpose

Lead all financial operations for a large-scale premium residential community, delivering transparent and accurate financial reporting, ensuring full regulatory compliance, and supporting the achievement of occupancy and revenue targets.

Key Responsibilities

Financial Leadership & Reporting

• Oversee all financial operations for a large-scale residential community with 1,100+ units.
• Prepare and deliver monthly management accounts, quarterly financial statements, and annual audited accounts.
• Maintain open-book financial records with real-time transparency for ownership review.
• Lead budget preparation, forecasting, and variance analysis processes.

Revenue & Income Management

• Direct rent billing, collection operations, and revenue reconciliation across residential and commercial portfolios.
• Oversee utility sub-metering, rebilling processes, and deposit management.
• Prepare revenue forecasts and annual rent benchmarking reports aligned with market regulations.
• Monitor and optimize non-residential revenue streams including retail, amenities, and value-added services.

Budget & Cost Control

• Develop annual operating and capital budgets in collaboration with operational leadership.
• Monitor expenditure against approved budgets and implement variance mitigation strategies.
• Ensure competitive procurement practices and contract cost control.
• Drive cost efficiency while maintaining premium service standards.

Compliance & Governance

• Ensure full compliance with Saudi Arabian tax regulations and statutory filing requirements.
• Maintain segregated financial accounts and support internal control frameworks.
• Coordinate with internal and external auditors; provide comprehensive audit documentation.
• Implement and monitor financial policies, procedures, and approval workflows.

Team Leadership

• Lead and develop a finance team including collection specialists and finance officers.
• Interface with facilities management contractors on invoice verification and cost reconciliation.
• Collaborate with property, leasing, and operations teams on financial planning and tenant account management.
• Provide financial insights and analysis to support strategic decision-making.

Strategic Contribution

• Support continuous improvement initiatives to maximize asset value and operational efficiency.
• Deliver ad hoc financial analysis and reporting to support ownership objectives.
• Contribute to ESG reporting and sustainability financial tracking.
• Ensure bad debt provisions remain within industry-leading thresholds.

Qualifications & Experience

• Minimum 8 years of real estate financial and accounting experience.
• At least 5 years in operational management of large-scale residential or mixed-use developments in KSA or the GCC.
• Degree in Finance, Accounting, or Business Administration required.
• Professional accreditation (CPA, ACCA, CMA, or equivalent) strongly preferred.
• Deep understanding of ZATCA compliance requirements (VAT, e-invoicing, WHT, Zakat).
• Working knowledge of IFRS standards and REGA guidelines.

Skills & Competencies

• Proficiency in property management systems (Yardi, Yarn, or similar platforms).
• Advanced Microsoft Excel (financial modeling, pivot tables, advanced formulas) and PowerPoint.
• Strong analytical and problem-solving capabilities.
• Excellent written and verbal communication skills.
• Detail-oriented with exceptional accuracy and organizational abilities.
• Ability to work under pressure and meet tight reporting deadlines.
• Strong stakeholder management skills with experience interfacing with owners, auditors, and regulatory authorities.
• Fluent in English (written and spoken); Arabic proficiency highly valued.
• Strong work ethic and commitment to transparency and integrity.

Additional Information

• Employment Type: Full-time, On-site.
• Location: Riyadh, Kingdom of Saudi Arabia.
• Opportunity to work with a global leader in real estate services.
• Exposure to premium residential property management at institutional scale.
• Collaborative, professional work environment.
• Career development opportunities within JLL's regional and global network.
• Competitive compensation package.