Finance Manager

Job description / Role

We are currently working with a large engineering/ oil gas company in Saudi Arabia - seeking a Finance Manager.

Principal Accountabilities:

Management
- Maintain a documented system of accounting policies and procedures
- Manage outsourced functions
- Oversee the operations of the treasury department, including the design of an organizational structure adequate for achieving the department's goals and objectives

Funds Management
- Forecast cash flow positions, related borrowing needs, and available funds for investment
- Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements
- Use hedging to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions
- Maintain banking relationships
- Assist in determining the company's proper capital structure
- Arrange for equity and debt financing

Invest funds
-Recommend appropriate dividend issuances, based on historical dividend patterns and expected cash flows

Budgeting
- Manage the preparation of the company's budget
- Report to management on variances from the established budget, and the reasons for those variances
- Assist management in the formulation of its overall strategic direction

Financial Analysis
- Engage in ongoing cost reduction analyses in all areas of the company
- Review the performance of competitors and report on key issues to management
- Engage in benchmarking studies to establish areas of potential operational improvement
- Interpret the company's financial results to management and recommend improvement activities
- Review company bottlenecks and recommend changes to improve the overall level of company throughput
- Participate in target costing activities to create products that meeting predetermined price goals
- Assist in the determination of product pricing in relation to features offered and competitor pricing
- Compile key business metrics and report on them to management
- Manage the capital budgeting process, based on constraint analysis and discounted cash flow analysis
- Create additional analyses and reports as requested by management

Requirements

The finance manager candidate should have a Bachelor's degree in finance or accounting, or equivalent business experience and 10+ years of progressively responsible experience for a major company or division of a large corporation.

Preference will be given to candidates with the Certified Public Accountant or Certified Management Accountant designations.

Excellent communication skills are essential, particularly in regard to presenting the results of analyses to management.

Should have an outstanding knowledge of electronic spreadsheets.

About the Company

Oil and Gas exploration is evolving on a global scale, putting the need for specialist talent at the top of the agenda. Its a vast, political, complex, heavily candidate-lead market with the emphasis on dynamic, multiple project opportunities, rather than the pre-recession security of long-term positions.

For businesses, the need to innovate in emerging, competitive markets has put the pressure on and with major oil companies selling off their assets to smaller independent operators, the games gained plenty of new players too.