Financial Standards Director

Job description / Role

Company
Our client is one of the top non-profit companies in contracting sector and plays a major part in driving development in Saudi Arabia and contributing to Saudi Vision 2030. They are currently looking to hire a Financial Standards Director to be based in Riyadh, Saudi Arabia.

Duties & Responsibilities:
• Participate in setting the goals, initiatives and plans for the division and manage their execution at the department level
• Manage day-to-day activities and operations, including implementation of all policies and procedures, and recommend potential improvements where appropriate
• Assist in the development and management of financial and human resource requirements (annual budget)
• Manage, guide and support employees in the execution of their work and develop them to improve performance
• Baseline the current state of the project financing industry, including identifying existing programs, regulations and laws enacted to support and facilitate financing of the contracting sector as well as challenges as appropriate
• Understand the requirements of the different stakeholders at play such as the bank’s requirement to guarantee the maturity of a loan or the contractor’s project financing requirement
• Assess the current methods employed by financial institutions to evaluate the integrity of the borrower and to channel the funds
• Develop and propose solutions to address issues and challenges identified and in line with identified best practices applied at a global level
• Conduct meetings and coordinate closely with authorities and stakeholders (including contractors and banks) to better understand the impact of proposed solutions on them and feasibility to implement them.

Requirements

Qualification & Requirements:
• Bachelor’s degree in Finance & Accounting or equivalent, with a minimum of 10 years of related experience
• Master’s degree in Engineering, Business Administration or related discipline is preferred
• Prior experience of (6 years) in a managerial or supervisory role
• Proficiency in English and Arabic Language is required

About the Company

Propel Consult delivers a service in step with the needs of both our client companies and candidates. Our ability to add value to all levels of recruitment stems from our wholehearted belief in providing a professional service to both parties. We have built relationships with many leading indigenous and mulitnational organisations throughout the Middle East and internationally in countries such as UAE, Qatar, Saudi Arabia, Oman, Bahrain, Kuwait, Egypt and many more. Concentrating our resources has created 5 distinct specialist divisions:

• Banking & Finance
• Human Resources
• Oil & Gas
• Construction
• Architecture & Engineering