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Director of Finance

Human Capital House

Posted on November 5, 2019

15 - 25 years Jeddah - Saudi Arabia

Chartered Accountant(Chartered Accountant). Any Arabic National, Any GCC National, Any European National, Any Anglophone National

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Job Description

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Job Purpose:

Responsible for the development and implementation of effective and efficient financial planning and budgeting framework.

Manage and direct the day-to-day financial operations while ensuring full compliance with appropriate financial management standards and regulatory requirements.

Ensure the integrity of the financial statements, and the provision of timely and reliable financial information and report to various internal and external stakeholders.

Support the CEO in the development of the corporate strategy to achieve the firm’s strategic intent and achieve business objectives including generating revenue, achieving profitability and sustaining growth.

Monitor the progress of plans, programs, and initiatives of the Finance Function and ensure they are implemented to achieve the desired outcomes.

Monitor the Finance Function performance against pre-set performance goals to ensure that progress is being made in the desired direction and preventive/corrective actions are taken accordingly.

Direct the development of estimated budgets and monitor expenditures and financial performance.

Provide recommendations to the CEO on relevant financial requirements to implement business operations and activities, and ensure the optimal utilization of these financial resources.

Responsible for establishing and maintaining a single and centralized Chart of Accounts to record all accounting allocations in order to maintain, classify and report the financial transactions of the firm.

Establish effective accounting procedures and control systems.

Develop financial policies, procedures, and guidelines for the firm.

Oversee the analysis of budgets received from the various departments and prepare a consolidated budget for the firm.

Monitor variances between budgeted and actual expenditures; and distribute reports to the respective Department.

Develop and maintain appropriate product level models to ensure adequate pricing coverage and enhance decision making.

Monitor cash flow and report major deviations from the cash flow projection.

Responsible for oversight of financial internal controls and coordination of all financial audits.

Review the firm’s annual accounts and liaise with external auditors.

Advise on contract negotiations from a financial impact perspective.

Oversee the financial statements review process and provide feedback.

Ensure that the firm complies with all the relevant financial and statutory requirements.

Keep updated with financial reporting standards and accounting standards, relevant regulations, and industry best practices.

Maintain external relationships with banks, auditors, and third-party vendors.

Conduct periodic meetings with subordinates to ensure that business priorities are clear and workflow is running smoothly.

Monitor and evaluate the performance of subordinates and their respective functions and ensure compliance with corporate policies and objectives, as well as assess their contributions/ efforts towards attaining the set objectives.

Finance / Treasury


Finance Accounting Treasury Banking

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Human Capital House

Recruitment and Executive Search & Selection Services

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Name/ Designation:
Dona George - Managing Consultant

Website http://humancapitalhouse.com/

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