Chief Financial Officer

Black & Grey HR Consultancy FZE; Al Khobar; On-site; SAR 400,000 - 600,000; Full time

Job summary

A leading recruitment firm is partnering with a retail group in Saudi Arabia to hire a Chief Financial Officer (CFO). The ideal candidate will have over 15 years of experience in financial leadership roles, a Chartered Accountant qualification, and the ability to drive financial transformation. Responsibilities include implementing financial strategies, managing large finance teams, and ensuring compliance with regulations. This role offers a competitive compensation package and the opportunity to shape the financial future of a reputable brand.

Benefits

Competitive executive compensation package

Performance-linked incentives

Dynamic working environment

Qualifications

• 15+ years of experience in senior financial leadership roles.
• Deep understanding of corporate finance and accounting principles.
• Proficiency in treasury, audit, budgeting, and strategic planning.

Responsibilities

• Develop and implement financial strategies aligned with corporate objectives.
• Lead budgeting, forecasting, and capital allocation processes.
• Prepare high-quality financial reports for stakeholders.

Skills

Leadership

Communication

Stakeholder management

Financial transformation

Bilingual communication

Education

Chartered Accountant qualification

Tools

ERP systems

Financial analytics tools

Job description

Black & Grey HR is partnering with a leading retail group in Saudi Arabia to hire a Chief Financial Officer (CFO). The CFO will oversee the financial strategy, performance, and health of the organization, providing strategic leadership on capital structure, planning, compliance, and business insights to drive growth, profitability, and long‑term sustainability.

Key Responsibilities

• Develop and implement financial strategies aligned with corporate objectives.
• Lead long‑range planning, budgeting, forecasting, and capital allocation.
• Oversee accounting, financial reporting, internal audit, and regulatory compliance.
• Ensure robust financial controls, governance, and enterprise risk management systems.
• Advise the CEO and Board on financial matters, strategic investments, and M&A opportunities.
• Manage banking relationships, treasury operations, and funding structures.
• Optimize capital structure to support growth and enhance shareholder value.
• Monitor cash flow, cost controls, working‑capital efficiency, and key financial KPIs.
• Ensure compliance with IFRS and evolving local and regional financial regulations.
• Lead the design and adoption of new financial processes to meet regulatory requirements and best practices.
• Drive automation and digitisation of financial operations for improved transparency and efficiency.
• Prepare and present high‑quality financial reports to internal and external stakeholders, including auditors, banks, and regulatory bodies.
• Support strategic decision‑making through scenario modelling, sensitivity analysis, and risk evaluation.
• Partner with business units to foster financial discipline, budget accountability, and value creation.
• Develop, retain, and build succession capability within the finance team.

Requirements

• 15+ years of experience in senior financial leadership roles within retail or FMCG.
• Chartered Accountant qualification required.
• Deep understanding of corporate finance, accounting principles, and tax regulations.
• Strong background in treasury, audit, budgeting, and strategic planning.
• Excellent leadership, communication, and stakeholder management skills.
• Demonstrated ability to manage large finance teams and drive financial transformation.
• Proficiency in ERP systems and financial analytics tools.
• Strong ethics, governance mindset, and risk management orientation.
• Bilingual proficiency preferred (English required; Arabic is an asset).

Benefits

• Competitive executive compensation package with performance‑linked incentives.
• Opportunity to lead financial strategy for a reputable retail brand.
• Dynamic and growth‑focused working environment.