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Group Chief Financial Officer - KSA

Mastermind Talent Capital

Posted on October 28, 2019

15 - 20 years SAR 80,000 - 90,000 ($21,600 - $24,300) Jeddah, Al Khobar, Dammam - Saudi Arabia

Chartered Accountant(Chartered Accountant), Chartered Financial Analyst(Finance). Any Arabic National Male

Family health benefits and annual ticket , Bonus based on Performance

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Job Description

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A leading large and diversified group in Saudi Arabia have an immediate vacancy for a qualified CFO with proven track record based on the below requirements:
• Restructure and lead the formation of the Finance and Accounting Department's policies, procedures, systems, overall strategy and objectives while ensuring alignment to the corporate strategy. Monitor the implementation of the above in a timely manner.
• Manage all aspects of financial reporting and analysis. Production of timely and accurate information to meet the continuous needs of all internal and external stakeholders.
• Lead the development of the department's policies and procedures, while ensuring that they promote leading practices and comply with laws and regulations. Attending monthly Business Performance Report reviews, and demonstrating an in-depth and detailed knowledge of the causes of any financial variances, risks and issues facing the business.
• Oversee the full spectrum of financial operations and play a key role in the development of company’s financial infrastructure across all businesses, subsidiaries and regions.
• Review the company's cash flow and working capital requirements and ensure efficient cash management. Cash availability to meet capex, operating expenditures, loan repayment schedules and other commitments. Monitors and reports on options to reduce FX exposure.
• Manage all banking relationships and strong understanding in securing loans and repayments
• Participate in the formulation of corporate strategy. Support companywide strategically initiatives. Develop strategic models to assist senior management to understand and plan the shape of the business
• Enhance and/or develop, implement and enforce policies and procedures of the organization that will improve the overall control framework. Ensuring that financial controls and governance from a legal and compliance perspective and that it fulfills its entire audit and accounting requirements.
• Direct and drive the preparation of forecasts and budgets based on agreed strategic objectives. Develops effective tools to read and monitor the financial performance of the businesses. Monitors progress against forecasts and budgets, highlighting favorable and adverse variances - ensuring appropriate action is taken to minimize adverse variances.
• Provide sound strategic financial input on decision making issues affecting the organization; i.e., evaluation of new capex, brands, geographic expansion, incentive policy, mark down strategy…
• Be an advisor from the financial perspective on any acquisitions, mergers, new business ventures, contracts, etc which the Company may enter into

• Evaluation of the finance division structure and team plan for continual improvement of the efficiency and effectiveness of the function as well as providing individuals with professional and personal growth with emphasis on opportunities (where possible) of individuals..
• Preparation of Board presentations and meetings in line with best practices
• Assist in the development of management information system for all parts of the business
Oversee external audit preparation and effective timely completion of hard close and year end.


Finance / Treasury

Desired Candidate Profile

SKILLS AND Qualifications:
• Professional certification such as CPA is required.
• Over 20 years of relevant work experience
• Must be an Arab national with high level of interpersonal expertise and strong English communication both written and oral
• Extensive senior management-level experience of successful change management within a complex and demanding environment and a track record of delivery
• Extensive experience of managing, setting and monitoring budgets and financial management information, including developing and using management information.
• Must have Treasury knowledge and strong knowledge in dealing with banks
• Experience in facility management, construction, and real estate is a plus
• Strong technical accounting skills with the ability to maintain robust financial controls and tight management of cash flows
• Strategic thinker and planner with strong business acumen and an analytical approach to problem solving.
• Effective communicator, manager and team leader with proven ability to motivate and develop staff.
• An ability to formulate and discuss strategic subjects in a boardroom environment in a coherent and structured way.
• The ability and desire to contribute effectively and impartially to group discussions involving a wide range of subject matter and people, including specialists and professionals.
• Builds and maintains relationships and networks effectively with internal and external contacts
• Politically confident and able to navigate sensitive situations diplomatically
• Cultural awareness and sensitivity relating to changes within a large and diverse group
• A successful track record in business planning, quality and performance management


Finance and Accounting financial reporting and analysis laws and regulations cash management capex brands geographic expansion incentive policy mark down strategy

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Mastermind Talent Capital

MMTC is an Executive Recruitment Consultancy based in Sharjah, United Arab Emirates.
We are pioneers in placement and manpower services since 2008.

We have a team of experienced professionals who are experts in headhunting through networking and with our existing strong database consists candida tes from different nationalities.

Since its inception in the year 2008, Master Mind Talent Capital (MMTC) Global solutions has turned out to be a reliable online solution quickly for people seeking jobs and the employers who need great people.
MMTC is one among the top in GCC that enable employers to recruit the best across various domains including the Construction, Hospitality (Hotels, Restaurants & Catering) Banking & Finance, Oil & Gas, IT - Software and Hardware, Healthcare, Education, Telecom, Petrochemicals, Logistics, and Engineering to name a few.

We believe that 'Quality and Reliability is our prime responsibility.'
With our vast experience garnered in the region, we would be happy to provide your company with our professional and personalized service.
View Contact Details


Name/ Designation:
Sajan KG - Director

Address: Sharjah
United Arab Emirates




Website https://www.mmtcglobalsolutions.com

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