Posted
Ref: HP350-5798

Job description / Role

Employment: Full Time

Our client is a leading media conglomerate that has operations spanning the MENA region. They are seeking to expand their workforce and are looking to hire an experienced Finance Director for their KSA facility.

Client Details

The organization is globally expanding for the last two decades and has successfully entered new verticals through various mergers and acquisitions of regional media and entertainment players. They are growing their service lines and seeking to hire a 'Finance director' to join their team.

Description

Leading a team of 4-5 senior professionals, the Finance Director will be responsible for:

Financial planning and management

* Create a global finance framework for the business and develop/implement financial and tax plans
* Formulate strategies and suggestions to the management and the Board of Directors that will help the company accomplish its goals and objectives
* Work closely with all key Finance departments within the organization, including assisting the Group CFO with data analytics and financial reporting
* Build strong relationships with stakeholders, regulatory bodies, and financial authorities
* Monitor the implementation of financial models and provide expertise pertaining to matters involving M&A or new business initiatives
* Lead the budgeting and planning process for the Group

Financial risk management, control, and reporting

* Assess various business risks and devise a risk management strategy
* Liaise with internal and external auditors on new procedures and regulations
* Ensure that all legal requirements are met in a variety of geographic jurisdictions
* Formulate business control metrics and input the mandatory measures for financial data management
* Ensure effective financial management by supervising the establishment of necessary systems, policies, and procedures

Treasury and asset management

* Work closely with the Tax, Legal, Strategy and M&A departments to optimize the capital structure for both the Group and the various Operating Companies
* Implement strategies to optimize fixed inventory processes
* Ensure sufficient liquidity for financial operations and efficiently protect cash assets while boosting cash investments and mitigating risk from foreign exchange, interest rates, and commodities

Accounting and tax

* Ensure adherence to tax regulations on corporate tax, income tax, VAT, and other relevant taxes for the various operating companies
* Implement policies and ensure that they are executed throughout all operating companies
* Consolidate accounting reports for the Group
* Identify opportunities to minimize tax payments while adhering to tax avoidance and evasion regulations

Job Offer

The successful candidate for this role will be offered a competitive monthly salary. This is an exciting opportunity for a 'Finance Director' to further progress their career within a leading media conglomerate.

Requirements

The ideal candidate for this role will have:

* Minimum 15 years of experience of which at least 7-10 years in a managerial role
* Currently residing in Saudi Arabia
* Experience in a Media, Broadcast, Technology industry would be an added advantage
* Fluency in Arabic is mandatory
* Extensive knowledge of IFRS, US and UK GAAP
* Strong leadership, analytical, and problem-solving skills

About the Company

Michael Page is one of the world's leading professional recruitment consultancies, specializing in the placement of candidates in permanent, contract, temporary and interim positions with clients around the world.

The Group has operations in the UK, Continental Europe, Asia-Pacific and the Americas. In the Middle East we focus on the areas of:

Finance & Accounting Banking & Financial Services Procurement Property & Construction Engineering & Supply Chain Oil & Gas Technical and Engineering Human Resources Sales Marketing Technology Secretarial Executive Search Legal

The Group operates through 161 offices in 33 countries and employs over 5,000 employees worldwide.

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Director salaries in Saudi Arabia

Average monthly compensation
SAR 40,000

Breakdown available for industries, cities and years of experience