Chief Financial Officer

Confidential; Riyadh; On-site; SAR 240,000 - 360,000; Full time

Job summary

Confidential, a growing SME delivering IT infrastructure projects and software products, seeks an experienced finance leader to run the finance function end-to-end.

You will lead month-end closes, project accounting under IFRS 15, track intangible assets under IAS 38, manage budgeting, forecasting, cash, and governance, and partner with business leaders to drive profitability.

Qualifications

• Bachelor's degree in Finance or Accounting required; strong knowledge of IFRS and tax compliance.
• 8+ years in project-based accounting or software/product accounting; audit experience a plus.
• Fluent in English and Arabic, both written and spoken; able to interact with auditors and stakeholders.

Responsibilities

• Lead month-end close processes and management reporting.
• Oversee project accounting and revenue recognition under IFRS 15; monitor margins and EACs.
• Define capitalization policy for software development costs under IAS 38; track intangible assets and amortization.
• Manage budgeting, forecasting, and driver-based planning; provide actionable insights to leadership.
• Oversee cash management, treasury, working capital, and banking relationships.
• Establish internal controls, governance, and P2P/O2C processes for a growing SME.
• Coordinate with auditors for annual financial statements and regulatory filings.

Skills

English proficiency

Arabic proficiency

Financial leadership

Business partnering

Education

Bachelor's degree in Finance/Accounting

SOCPA/IFRS/CPA/CMA preferred

Tools

Odoo ERP

Job description

Purpose of the Role

Manage the finance function end-to-end for a growing SME that delivers IT infrastructure projects (focus on IFRS 15, %-of-completion)and software products (focus on IAS 38 development capitalization). The role balances hands‑on accounting leadership with business partnering—tight month‑end closes, strong cash discipline, clean audits, and disciplined budgeting/forecasting—while building fit‑for‑purpose controls, policies, and scalable processes for growth.

Duties/Responsibilities

Financial Reporting & Month‑End CloseLead timely monthly, quarterly, and annual closes; prepare management packs (P&L, BS, CF, dashboards) with analysis and commentary.Maintain a robust chart of accounts and ensure reconciliations (banks, AR/AP, accruals, prepaids, intercompany) are current and accurate.Coordinate annual financial statements under IFRS, working with external auditors.

Project Accounting & Revenue Recognition (IFRS 15)Improve and streamline %-of-completion frameworks for IT infrastructure projects (input/output methods, cost‑to‑complete, WIP/contract assets & liabilities).Work with Delivery/PMO on Scope of Works, milestones, change orders, and evidence for revenue recognition.Monitor project margins, variances, contingencies, and EACs (estimates at completion); surface early warnings and recommend corrections.

Software Products & Intangibles (IAS 38)Define capitalization policy for development costs (criteria, time capture, gates, documentation).Track intangible assets: capitalization, amortization schedules, and impairment triggers.Align with Product/Engineering on roadmaps, releases, and cost attribution.

Budgeting, Forecasting & FP&ARun the annual budget process; manage rolling forecasts (12–18 months).Build driver‑based models for revenue (pipeline, conversion, unit economics), OPEX, CAPEX, and headcount.Partner with business leaders to monitor performance vs. plan; recommend corrective actions.

Cash, Treasury & Working CapitalOwn cash forecasting (13‑week/ ~ 1 Quarter and longer‑term); optimize DSO/DPO/Inventory (if any) and the cash conversion cycle.Oversee collections, billing accuracy (including progress billing for projects and software licenses/subscriptions), and vendor terms.Managing cash flows and developing financing and borrowing plans and managing relationships with banks and financial institutions (e.g., letters of guarantee/ credit)Managing and improving the cash conversion cycle.Controls, Policies & GovernanceEstablish practical policies for an SME: delegation of authority, procure‑to‑pay, order‑to‑cash, Travel expenses, and petty cash.Implement preventive/detective controls; enforce segregation of duties (right‑sized for a small team).Drive continuous improvement and document processes.

Tax, Zakat & Regulatory Compliance (KSA)Ensure compliance with ZATCA (VAT/e‑invoicing), Zakat/Corporate Income Tax (as applicable), and WHT on cross‑border payments.Coordinate filings and respond to queries/audits with external advisors.Systems, Data & ToolingAdminister the ERP/accounting system (currently using Odoo) with project accounting modules.Automate and streamline repetitive tasks.Commercial PartneringSupport pricing, bids, and contract reviews (payment terms, penalties, performance guarantees).Evaluate project profitability, product ROI, and customer‑level economics.

Team Leadership & Outsourced PartnersCoach a small team; manage external accountants, tax advisors, and auditors.Create a simple training and cross‑coverage plan to reduce key‑person risk.

Qualifications

Bachelor's degree in Finance, Accounting, or related.8+ years of experience in a similar field working on project‑based accounting (IT infrastructure, construction, or engineering) and/ or software products; prior experience in auditing is a plus but not required.SOCPA, IFRS Certification, or CPA/ CMA preferred but not mandatory.English and Arabic proficiency, both written and spoken.