Chief Financial Officer

Confidential - Oil and Gas Services; Al Khobar; On-site; SAR 800,000 - 1,200,000; Full time

Job summary

Confidential - Oil and Gas Services in Al Khobar seeks a seasoned CFO to own the financial strategy, capital structure and performance management. You will shape investments, funding, and margin protection in a capital-intensive, contract-driven sector.

The role reports to the CEO and collaborates with the Board and Audit Committee, driving ERP optimization and data-driven finance processes while building a high-performing finance team with Saudization in focus.

Qualifications

• Bachelor's degree in Finance, Accounting or related field.
• CFA is required; MBA is a plus.
• 12+ years of progressive finance experience, including at least 4 years as CFO.
• Experience in oil & gas, oilfield services, EPC or other capital-intensive industry preferred.
• Strong command of IFRS and Saudi tax framework (Zakat, VAT, ZATCA).
• Hands-on experience with a major ERP system such as SAP or Oracle.
• Fluent English is required.

Responsibilities

• Lead the financial strategy, capital structure, and performance management.
• Manage treasury, banking, debt facilities and liquidity optimization.
• Develop budgeting, rolling forecasts and KPI frameworks; analyze profitability.
• Lead tender pricing, contract economics, and margin protection on long-term contracts.
• Deliver IFRS reporting, oversee external audits, and report to the Board.
• Ensure Zakat, VAT and e-invoicing compliance with ZATCA; transfer pricing where applicable.
• Establish internal controls, risk management, and governance frameworks.
• Drive ERP optimization and data-driven finance processes.
• Develop Saudi talent as part of Saudization goals.

Skills

Strategic leadership

IFRS expertise

Financial planning

Stakeholder management

Fluent English

Education

Bachelor's in Finance/Accounting

CFA

MBA (plus)

Tools

SAP

Oracle

Job description

Role Description

This is a full-time, on-site executive role based in Al Khobar. Reporting to the CEO and working closely with the Board and Audit Committee, the CFO will own the company's financial strategy, capital structure and performance management. The role goes well beyond reporting. You will shape where the company invests, how it funds growth, and how it protects margins and cash in a capital-intensive, contract-driven industry.

Key Responsibilities

• Strategy and capital allocation: Lead the business plan, long-range forecasting and capital allocation, and evaluate new projects, contracts and expansion opportunities on return and risk.
• Funding and treasury: Manage banking relationships, debt facilities, project and working-capital financing, guarantees and LCs. Optimize liquidity and cash conversion.
• Performance management: Build budgeting, rolling forecasts and KPI frameworks, including contract and project profitability, utilization and cost-to-serve. Provide the analysis behind commercial and operational decisions.
• Contract and bid economics: Partner with operations and commercial teams on tender pricing, contract terms, cost recovery and margin protection on long-term service contracts.
• Reporting and audit: Deliver accurate, timely IFRS reporting, as endorsed by SOCPA. Lead the external audit and present to the Board and Audit Committee.
• Tax and regulatory compliance: Own Zakat, VAT, withholding tax and e-invoicing compliance with ZATCA, plus transfer pricing where applicable. Manage regulatory and statutory obligations.
• Governance, risk and controls: Establish internal controls, a delegation of authority, and enterprise risk management covering FX, commodity-linked exposure, credit and counterparty risk.
• Systems and transformation: Drive ERP optimization, automation and data-driven finance processes.
• Leadership: Build and develop a high-performing finance team, including Saudi talent development in line with Saudization goals.

Qualifications

• Bachelor's degree in Finance, Accounting or a related field. CFA is required, MBA is a plus.
• 12+ years of progressive finance experience, including at least 4 years as a CFO.
• Experience in oil and gas, oilfield services, EPC or other capital-intensive, project-based industry is strongly preferred.
• Proven track record in raising and managing financing, and in working with Saudi banks.
• Strong command of IFRS, the Saudi Zakat and tax framework, and ZATCA requirements.
• Hands-on experience with a major ERP system, such as SAP or Oracle.
• A commercially minded leader who can translate numbers into decisions.
• Fluent English is required.