Chief Financial Officer

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

Job summary

A leading recruitment firm is seeking a Chief Financial Officer (CFO) for a prominent retail group in Saudi Arabia. The ideal candidate will be responsible for overseeing the financial strategy, compliance, and growth of the organization. The role requires 15+ years of experience in senior financial leadership roles, a Chartered Accountant qualification, and proficiency in financial analytics tools. This position offers a competitive executive compensation package and the opportunity to lead financial strategy for a reputable brand.

Benefits

Competitive executive compensation package

Performance-linked incentives

Opportunity to lead financial strategy

Qualifications

• 15+ years of experience in senior financial leadership roles within retail or FMCG.
• Deep understanding of corporate finance, accounting principles, and tax regulations.
• Bilingual proficiency preferred (English required; Arabic is an asset).

Responsibilities

• Develop and implement financial strategies aligned with corporate objectives.
• Lead long-range planning, budgeting, forecasting, and capital allocation.
• Ensure compliance with IFRS and evolving local financial regulations.

Skills

Leadership

Financial Strategy

Corporate Finance

Communication

Stakeholder Management

Education

Chartered Accountant qualification

Tools

ERP systems

Financial analytics tools

Job description

Overview

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 digitization 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 modeling, 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