Reconciliation Manager

Role overview

SAB’s Finance group in Riyadh is looking for a Reconciliation Manager to lead the reconciliation center and strengthen control over key accounts. The role is responsible for keeping reconciliations accurate, timely, well-documented, and aligned with internal standards as well as Saudi regulatory expectations.

Key responsibilities

• Lead the end-to-end reconciliation process so that all accounts are reconciled accurately and on schedule.
• Set, maintain, and improve reconciliation policies, workflows, and escalation rules.
• Manage daily, weekly, and monthly reconciliation activities for critical company accounts.
• Review and approve reconciliations, track aging items, and ensure exceptions are closed quickly.
• Consistently meet SLA commitments and quality benchmarks.
• Work closely with Finance, Risk, and Audit teams on control checks and exception-related reporting.
• Drive process enhancement and automation efforts using SAP or similar platforms.
• Build management reports and dashboards that show reconciliation performance and trends.
• Ensure reconciliation work is aligned with SAMA control expectations and financial reporting requirements.
• Support broader process-improvement and automation initiatives.
• Keep complete records and audit evidence for every reconciliation activity.
• Monitor key metrics such as review accuracy, exception resolution time, and repeated discrepancy counts.
• Track SLA compliance for items under review.
• Make sure bank GL control procedures match group-wide best practices.
• Perform quality reviews of GL data to confirm certification accuracy and consistency across business lines.
• Oversee daily HUB and GL exceptions, escalate issues when needed, and provide technical guidance to teams involved in resolution.
• Handle GL, interest, HUB, and ALF maintenance activities.
• Supervise monthly GL certification and closing activities in line with internal requirements and maintain the GL ownership tree with approved authorities according to SAB standards.
• Coordinate with internal and external auditors to ensure accounts are prepared in a compliant manner.
• Follow through on auditors’ recommendations and report progress to management.
• Manage departmental risk control analysis to ensure full coverage of critical activities under internal control requirements.
• Prepare weekly, monthly, and ad hoc reports and submit them on time to support decision-making.
• Analyze discrepancies and anomalies arising in the accounting cycle through ledger maintenance.
• Contribute to the design of plans, systems, and internal processes that govern the general ledger function in line with SAB policy.
• Carry out other ad hoc tasks that help strengthen internal finance controls.

Qualifications and requirements

• A bachelor’s degree in Accounting, Finance, or Business Administration is required.
• At least 3 to 5 years of experience in accounting, reconciliation, or financial control is needed.
• At least 2 years should be in a supervisory or managerial reconciliation position.
• Hands-on experience with Oracle, Excel, or custom reconciliation tools is expected.
• A strong grasp of reconciliation concepts and financial control practices is necessary.
• Knowledge of IFRS/SOCPA and Saudi regulatory compliance is important.
• Familiarity with banking products and services is preferred.
• Professional accountancy certification is highly desirable.

Additional information

Location: Riyadh, Saudi Arabia.

Department: Excellence Manager Group, Finance.

This role is focused on strengthening reconciliation operations, supporting internal controls, and improving governance across general ledger and related finance activities.