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Chief Financial Officer


Posted on December 5, 2019

12 - 17 years Saudi Arabia - Saudi Arabia

MBA/PG Diploma in Business Mgmt(Finance). Any Arabic National, Any European National, Indian, Filipino

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Job Description

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 Develops and refines the vision, mission and strategy of Financial sector, and leads the decision-making process to ensure that Mowah delivers on its short, medium and long term objectives.
Policies, Processes and Procedures
 Approves Mowah’s Financial policies and processes covering all areas to ensure all relevant procedural/legislative requirements are fulfilled.
 Financial Management of Mowah
 Leads all communication and relationship management in the areas of banks relations, Insurance relations and Capex flow.
 Builds capability of people and service operations to streamline Financial services of all SBUs to ensure standards and quality of financial and accounting support is as desired to achieve optimum financial conditions
 Directs the treasury operations and planning to ensure the adequate financial resources are available within the accepted risk level to support the Group’s operations
 Leads annual budgeting process in close coordination with all SBU’s GM’s, executives and department heads to ensure alignment and accuracy
 Monitors budgets submitted by different units to ensure proper allocation of financial resources
 Monitors the corporate performance and analyse and report variances to ensure the group has the financial resource to accomplish its corporate objectives
 Oversees the way in which the group management accounts are presented to the CEO and the Management Board to ensure accurate reflection of business position and needs
 Advises and supports the CEO in all decisions that have a financial impact to ensure complete account of various element that might influence decision accurately and to the benefit of the operations
 Oversees the production of statutory accounts ensuring the financial statements represent a true and fair view of the real operation
 Maintains close contacts to external legal bodies, such like government and tax offices and external auditors to maintain a beneficial working relationship and acts to resolve issues before they arise
 Operate an efficient and effective finance department providing a variety of services to the business such as financial planning and analysis, treasury, tax, and other finance operations.
 Oversee the capital structure of the company, determining the best mix of debt, equity and internal financing. Address the issues surrounding capital structure.
 Work to protect the vital assets of the company, ensure compliance with financial regulations, close the books correctly, and communicate value and risk issues to investors and boards.
 Train the Finance Unit and other staff on raising awareness and knowledge of financial management matters.
 Assess the benefits of all prospective contracts and advise the Executive Team on programmatic design and implementation matters.
 Assist in performing all tasks necessary to achieve the organization's mission and help execute staff succession and growth plans.
 Provide the Management with an operating budget. Ensure programmatic success through cost analysis support, and compliance with all contractual and programmatic requirements.
 Oversee the management and coordination of all fiscal reporting activities for the organization including: organizational revenue/expense and balance sheet reports, reports to funding agencies.
 Oversee all purchasing and payroll activity for staff.
 Develop and maintain systems of internal controls to safeguard financial assets of the organization
 Oversee the coordination and activities of independent auditors and the preparation of the annual financial statements is in accordance with IFRS and other required supplementary schedules and information.
 Attend Board and Subcommittee meetings; including being the lead staff on the Audit/Finance Committee.
 Investigate cost-effective benefit plans and other fringe benefits which the organization may offer employees and potential employees with the goal of attracting and retaining qualified individuals.
 Oversee the production of monthly reports including financial statements and cash flow projections for use by Executive management, as well as the Audit/Finance Committee and Board of Directors.

 Oversees the development of Financial department budget, approves it, and monitors financial performance versus the budget to ensure alignment

 Champions the process of effective leadership to raise employees’ awareness towards our company's mission, vision, strategy and values to ensure high level commitment towards our company's direction and mandate

Safety, Quality & Environment
 Ensures compliance to all relevant safety, quality, standards, and environmental procedures across the departments in order to promote a healthy and safe work environment

Related Assignments
 Performs other related duties or assignments as directed

FMCG / Foods / Beverages

Finance / Treasury

Desired Candidate Profile

Minimum Qualifications:
Bachelors Degree in financial aspect , MBA and CPA

Minimum Experience:
12-15 years of years experience with at least 7 years in a senior managerial role in job related background


Chief Financial Officer CFO CPA Insurance relations relationship management Financial services IFRS Certified Public Accountants

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Mowah Company is a privately owned Saudi water company; for water treatment.

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