Group CFO

Job description / Role

- The CFO will be responsible for partnering with the COO and reporting to the CEO regarding the Holding Company and the Group subsidiaries’ financial policy, financial status and financial direction.
- The CFO will be an active participant in, and driver of, the organization's overall financial strategy.
- The CFO will lead all financial administration, business planning, and budgeting for the Holding Company.
- The CFO will partner with the COO on all operational and strategic issues as they arise to give financial input on the same and provide strategic recommendations to the CEO alongside the CFO based on financial analysis and projections, cost identification and allocation, and revenue/expense analysis.
- The CFO will engage with the CEO and COO to align financial management with short- and long-term financial planning and projections.
- The CFO will report to the CEO around issues, trends, and changes in the operating model.
- The CFO will oversee in coordination with the COO the budgeting, and the implementation of the approved budgets, so as to monitor progress and present operational metrics both internally and externally.
- The CFO will ensure that finance staff maintains financial record systems in accordance with Generally Accepted Accounting Principles and IFRS in KSA, and monitor the use of all funds efficiently.
- The CFO will oversee the preparation and approval of all financial reporting materials and metrics and prepare and communicate monthly and annual financial statements.
- The CFO will manage cash flow and forecasting; direct all financial, project-based, and departmental accounting for the Holding Company.
- The CFO will review all formal finance and IT-related procedures, processes, and administration, recommending improvements to the systems in place and managing the systems going forward.
- The CFO will develop and maintain good sustainable banking relationship with major banks.
- The CFO will secure necessary financing needs for the Holding Companies and subsidiary at the best possible cost.
- The CFO will prepare financial senior for joint venture and possible investment opportunity.
- The CFO will oversee the automation of major financial transactions and Integration of Holding and subsidiaries systems.

Requirements

- Bachelors/Masters in Finance/CPA and other certificates .
- A minimum of 15 - 20 years of relevant work experience in a similar field.

Competencies:
- Cost management.
- Improving risk management.
- Improving financial controls.
- Fund raising.

About the Company

A leading Marine & Oil Field Services Company in Saudi Arabia.