Job description / Role

Employment: Full Time

The chief financial officer position is accountable for the administrative, financial, and risk management operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.

Principal accountabilities are:

Planning
- Assist in formulating the company's future direction and supporting tactical initiatives
- Monitor and direct the implementation of strategic business plans
- Develop financial and tax strategies
- Manage the capital request and budgeting processes
- Develop performance measures that support the company's strategic direction

Operations
- Participate in key decisions as a member of the executive management team
- Maintain in-depth relations with all members of the management team
- Manage the accounting, legal, tax, and treasury departments
- Oversee the financial operations of subsidiary companies
- Manage any third parties to which functions have been outsourced
- Oversee the company's transaction processing systems
- Implement operational best practices
- Oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package
- Supervise acquisition due diligence and negotiate acquisitions

Financial Information
- Oversee the issuance of financial information
- Personally review and approve all Tax filings with relevant authorities.
- Report financial results to the board of directors

Risk Management
- Understand and mitigate key elements of the company's risk profile
- Monitor all open legal issues involving the company, and legal issues affecting the industry
- Construct and monitor reliable control systems
- Maintain appropriate insurance coverage
- Ensure that the company complies with all legal and regulatory requirements
- Ensure that record keeping meets the requirements of auditors and government agencies
- Report risk issues to the board of directors
- Maintain relations with external auditors and investigate their findings and recommendations

Funding
- Monitor cash balances and cash forecasts
- Arrange for debt financing
- Invest funds

Third Parties
- Maintain banking relationships

Requirements

The candidate chief financial officer be a Chartered Accountant or equivalent, with 15+ years of progressively responsible experience for a major company or division of a large corporation.

Should have experience in partnering with an executive team, and have a high level of written and oral communication skills.

About the Company

The McNair Partnership is a specialist executive search firm providing a range of recruitment solutions to global industry. Using traditional and proprietary search methods, our team of recruitment experts have unrivalled market intelligence across a variety of industry sectors. We have successfully searched and recruited top-tier candidates for jobs in Financial Services, Energy, Construction, hospitality and General Commerce throughout Europe, the Middle East, Africa and Asia Pacific, over the last 21 years.

We are the trusted recruitment partners of some of the most successful businesses and brands, large and small, delivering effective search, selection, and Interim services.

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Business Unit Manager salaries in Saudi Arabia

Average monthly compensation
SAR 7,500

Breakdown available for industries, cities and years of experience