Chief Financial Officer

Job description / Role

SUMMARY:
Oversee the financial strategic planning of the company by evaluating its performance and potential risks. Provide strategic and financial guidance to ensure that the company’s financial commitments are met. Oversee departmental budgetary performance and long-term financial health of the organization.

ESSENTIAL DUTIES AND RESPONSIBILITIES: include the following. Other related duties may be assigned.
• Providing strategic recommendations and development of policies and procedures to the DOA and management team (Departmental heads)
• Working closely with project and contract managers, accounting and controlling teams and with related local partners
• Effectively managing cash flows and relationships with all financial Institutions
• Start-up Budget refinement and Policy and departmental segregation
• Arrange all requirements for IPO for CMA and Tadawul
• Assist head office and Group CFO
• Closely working with vehicle agencies supplier and vehicle insurance companies.
• Oversee the preparation of the company’s financial accounts to ensure that these are presented accurately and on time.
• Managing the processes for financial forecasting and budgets for entity and related projects
• Ensuring internal controls and risk management across the Company
• Supply Variance analysis and business-oriented feedback to the departmental heads
• Assist Operations financial modelling and peer review for new projects
• As a business management peer, support the teams by providing them with the appropriate risk analysis and information for transactions/ deals
• Peer review of Lease Service Level Agreements & Calculations, Suppliers’ Accounts T&Cs and bridge dialogue with Legal
• Lead and Complete statutory audits and ascertain good governance with minimal / no findings.
• Monitor cash flow position and forecast for timely escalations
• Budgetary control and escalation of un-budgeted items
• Monitor and update internal SOPs as and when appropriate
• Advise and implement best practice methods to increase revenue and reduce costs
• Drive the implementation of centralized company financial library and document control
Corporate Support & Governance
• Review and assist CEO for governance of Human Resources departmental, Workshop and Operations management and performance
• Governance and Administration - Administrative Plan, development of administrative procedures, required policies and systems
• Ensure development and implementation of policies supporting smooth and adequate flow of information and interdepartmental interface within the company
• Evaluation and Procurement Policy Development and Standards Implementation, identify process bottlenecks and Offer solutions for improvement
• Monitor costs and expenses to assist in budget preparation
• Oversee facilities services and maintenance financials

Salary:
SAR 15,000 to 20,000 per month inclusive of fixed allowances.
Additional benefits: Housing Allowance, Vehicle/Transportation Allowance, Medical Insurance, 30 calendar days paid annual vacation

Requirements

QUALIFICATIONS:
• To perform this job successfully, an individual must be able to perform each essential duty satisfactory. The requirements listed below are representative of the knowledge, skills and/or ability required:

EDUCATION/EXPERIENCE/SKILLS:
• Minimum of Eight (08) years of Total experience, and have at least 3 years as Finance Manager in Vehicle Lease industry. (i.e. auto leasing - operating lease overall business management, including P&L management)
• Financial/Accounting Management degree / Certifications preferred such as CPA, CIMA, ACCA or ACA equivalent
• Sound Knowledge of Leasing Business and Transportation Ministry regulations.
• Strategic thinker with executive presence and good ethics.
• Strong leadership, people management and communication skills.
• Good command of English both written and spoken.
• Additional substantially equivalent experience could be substituted for the requirements stated herein.

About the Company

A leading steel pipe manufacturing company in Saudi Arabia.