Chief Financial Officer (CFO)

Alascon Company Limited; Al Khobar; On-site; SAR 400,000 - 600,000; Full time

Job summary

A leading construction firm in Al Khobar is looking for a seasoned financial manager to develop and implement financial strategies aligned with their growth objectives. The role requires overseeing financial operations and ensuring compliance with regulatory standards. Candidates should have 10–15 years of experience in financial management, with significant experience in the construction industry in Saudi Arabia. Strong analytical skills and fluency in English and Arabic are essential for success in this position.

Qualifications

• 10–15 years of financial management experience, with at least 5 years in a leadership role.
• Strong knowledge of Saudi tax, zakat, VAT, and compliance requirements.
• Experience in restructuring and financial turnaround.

Responsibilities

• Develop and implement financial strategies to support company growth.
• Prepare annual budgets and forecasts.
• Oversee financial operations, including accounting and treasury.
• Ensure compliance with IFRS and Saudi regulations.
• Manage cash flow and working capital effectively.

Skills

Financial management

Project-based accounting

Cost control

Cash flow management

Analytical skills

Leadership skills

Communication skills

Fluency in English

Fluency in Arabic

Education

Bachelor’s degree in finance, Accounting, or Economics

Master’s or MBA

CPA, CMA, ACCA, or equivalent

Job description

Responsibilities

• Develop and implement financial strategies aligned with the company’s growth and restructuring goals.
• Prepare annual budgets, forecasts, and long-term financial plans.
• Provide recommendations to enhance financial performance and business opportunities.
• Oversee day-to-day financial operations, including accounting, treasury, and project finance.
• Ensure strong internal controls, cost monitoring, and financial discipline across projects.
• Manage cash flow and working capital to ensure liquidity for ongoing projects.
• Oversee project cost controls and contract accounting in alignment with construction industry standards.

Reporting & Compliance

• Ensure accurate and timely financial reporting in compliance with IFRS and Saudi regulations (ZATCA, VAT, WHT, GAZT, etc.).
• Present monthly, quarterly, and annual financial reports to management and the Board.
• Ensure compliance with tax regulations, zakat requirements, and statutory audits.

Leadership & Stakeholder Management

• Lead and mentor the finance and accounting team.
• Work closely with project managers and operations to ensure accurate cost tracking and profitability.
• Act as the primary contact for auditors, banks, and regulatory authorities.
• Support the CEO and Board with strategic decision-making.

Qualifications & Experience

• Bachelor’s degree in finance, Accounting, or Economics (Master’s or MBA preferred).
• CPA, CMA, ACCA, or equivalent professional qualification is highly desirable.
• 10–15 years of financial management experience, with at least 5 years in a leadership role in the construction industry in Saudi Arabia or GCC.
• Strong knowledge of project-based accounting, cost control, and cash flow management.
• Solid understanding of Saudi tax, zakat, VAT, and compliance requirements.
• Experience in restructuring, financial turnaround, and working with banks.
• Strong analytical, communication, and leadership skills.
• Fluency in English & Arabic