Chief Financial Officer

Confidential; Riyadh; On-site; SAR 400,000 - 600,000; Full time

Job summary

A leading textile manufacturing firm in Riyadh seeks a CFO responsible for overseeing the financial strategy, planning, and management. This role includes ensuring financial stability, cost efficiency, compliance, and supporting business growth through strong financial leadership. The ideal candidate has 10-15+ years of relevant experience, preferably in textile or manufacturing sectors, and is skilled in strategic thinking, financial leadership, inventory management, and communication. A Chartered Accountant or equivalent is required.

Qualifications

• 10–15+ years of experience in finance, preferably in textile or manufacturing industries.
• Strong knowledge of manufacturing costing, inventory management, and taxation.
• Exposure to exports, forex management, and government incentives is an advantage.

Responsibilities

• Develop and implement short-term and long-term financial strategies aligned with business goals.
• Lead budgeting, forecasting, and financial planning processes.
• Ensure compliance with statutory, tax, audit, and regulatory requirements.

Skills

Strategic thinking and financial leadership

Strong analytical and problem-solving skills

Deep understanding of textile manufacturing processes

Excellent communication and stakeholder management

Education

Chartered Accountant (CA) / CPA / MBA (Finance)

Tools

ERP systems (SAP, Oracle, or similar)

Job description

Overview

Reports to: Managing Director / CEO

Job Summary

The CFO is responsible for overseeing the financial strategy, planning, and management of the textile manufacturing company. This role ensures financial stability, cost efficiency, regulatory compliance, and supports business growth through strong financial leadership, particularly in manufacturing operations, supply chain, and export-oriented environments , and have good experience in wholesales, Retail .

Responsibilities

Key Responsibilities

• Develop and implement short-term and long-term financial strategies aligned with business goals
• Lead budgeting, forecasting, and financial planning processes
• Support expansion plans, capacity utilization, and capital investments (machinery, plants)

Financial Operations & Control

• Oversee accounting, costing, treasury, taxation, and internal controls
• Ensure accurate product costing (yarn, fabric, processing, garments) and margin analysis
• Monitor working capital, inventory, receivables, and payables

Manufacturing & Cost Management

• Drive cost control initiatives across production, procurement, and logistics
• Analyze raw material price fluctuations (cotton, yarn, chemicals) and mitigate risks
• Improve operational efficiency and reduce wastage

Compliance & Risk Management

• Ensure compliance with statutory, tax, audit, and regulatory requirements
• Manage internal and external audits
• Identify financial risks and implement mitigation strategies

Cash Flow & Treasury

• Manage cash flow, banking relationships, and financing arrangements
• Oversee loans, credit facilities, forex exposure, and hedging (if export-oriented)

Leadership & Stakeholder Management

• Lead and mentor the finance and accounts team
• Present financial reports to the Board, investors, and lenders
• Work closely with production, procurement, sales, and HR teams

Qualifications

• Chartered Accountant (CA) / CPA / MBA (Finance)
• 10–15+ years of experience in finance, preferably in textile or manufacturing industries
• Strong knowledge of manufacturing costing, inventory management, and taxation
• Experience with ERP systems (SAP, Oracle, or similar)
• Exposure to exports, forex management, and government incentives is an advantage

Key Skills

• Strategic thinking and financial leadership
• Strong analytical and problem-solving skills
• Deep understanding of textile manufacturing processes
• Excellent communication and stakeholder management