Chief Financial Officer CFO

Superstruct Contracting Co; Riyadh; On-site; SAR 400,000 - 600,000; Part time

Job summary

A leading construction firm in Riyadh is seeking an experienced Freelance CFO to provide strategic financial leadership in the construction and infrastructure sector. This role offers flexible, part-time engagement and requires strong expertise in project cost control, cash flow management, and construction-specific accounting. Ideal candidates will have a proven track record in senior finance roles and familiarity with relevant financial software. Compensation is negotiable based on experience and scope.

Qualifications

• Proven experience as a CFO, VP Finance, or senior finance leader within a construction or project-based company.
• Strong knowledge of construction accounting: WIP schedules, percentage-of-completion, and job costing.
• Solid background in cash flow forecasting, project financing, and capital planning.

Responsibilities

• Develop and oversee financial strategy aligned with company goals.
• Monitor project cash flows, progress payments, and optimize working capital.
• Implement robust cost-tracking systems and provide profitability insights.

Skills

Strategic Financial Planning

Budgeting & Forecasting

Cash Flow Management

Fundraising & Capital Structuring

Risk Management & Compliance

Leadership & Communication

M&A and Investment Analysis

ERP & Financial Systems Proficiency

Education

CPA, CFA, CMA or equivalent

Tools

Sage 300 CRE

Procore

QuickBooks with construction modules

Job description

About the Role

We are seeking an experienced Freelance CFO with strong expertise in the construction and infrastructure sector to provide strategic financial leadership and hands-on support. This role is ideal for a finance professional who understands the complexities of construction projects, cash flow management, and cost controls, while offering flexible, part-time, or project-based engagement.

Key Responsibilities

• Financial Strategy & Planning
• Develop and oversee financial strategy aligned with company goals and project pipeline.
• Advise leadership on capital structure, debt/equity funding, and risk management.
• Build financial models for new bids, tenders, and long-term projects.
• Cash Flow & Working Capital Management
• Monitor project cash flows, progress payments, and retainage.
• Optimize working capital through receivables, payables, and vendor financing.
• Ensure adequate liquidity for ongoing projects.
• Project Cost Control & Reporting
• Implement robust cost-tracking systems by project and phase.
• Review job costing, budgets vs. actuals, and variance analysis.
• Provide profitability insights per project, region, or client.
• Fundraising & Banking Relations
• Support in securing construction loans, bonding, and credit facilities.
• Maintain relationships with banks, investors, and financial institutions.
• Prepare financial documentation for lenders and bonding companies.
• Compliance & Risk Management
• Ensure compliance with accounting standards, tax regulations, and construction-specific reporting.
• Oversee insurance, bonding, and risk mitigation strategies.
• Implement internal controls to prevent cost overruns, fraud, or misallocations.
• Leadership & Advisory
• Partner with CEO/MD and project managers to drive financial discipline.
• Mentor finance staff and establish best practices in accounting/reporting.
• Provide board-level financial presentations and investor updates.

Qualifications

• Proven experience as a CFO, VP Finance, or senior finance leader within a construction or project-based company.
• Strong knowledge of construction accounting (WIP schedules, percentage-of-completion, job costing).
• Experience with ERP/software used in construction (e.g., Sage 300 CRE, Procore, QuickBooks with construction modules).
• Solid background in cash flow forecasting, project financing, and capital planning.
• CPA, CFA, CMA, or equivalent preferred.
• Excellent communication, negotiation, and analytical skills.

Engagement Details

• Type: Freelance / Part-time / Fractional CFO
• Commitment: Flexible (e.g., 2–3 days per week or project-based)
• Location: Remote with periodic onsite visits (if required)
• Compensation: Negotiable – based on experience and scope

Skills

• Strategic Financial Planning – ability to align financial strategy with business growth and long-term objectives.
• Budgeting & Forecasting – expertise in building accurate financial models, projections, and cost plans.
• Cash Flow Management – ensuring liquidity, optimizing working capital, and handling short- and long-term funding.
• Fundraising & Capital Structuring – experience with equity, debt, banking relationships, and investor relations.
• Risk Management & Compliance – knowledge of regulatory frameworks, tax laws, and internal controls.
• Leadership & Communication – strong advisory skills, able to guide executive teams and present to stakeholders.
• M&A and Investment Analysis – evaluating expansion opportunities, partnerships, and acquisitions.
• ERP & Financial Systems Proficiency – familiarity with modern accounting and reporting software.

Construction-Specific CFO Skills

• Construction Accounting Expertise – knowledge of WIP schedules, percentage-of-completion accounting, and job costing.
• Project Cost Control – ability to track budgets vs. actuals and manage cost overruns.
• Contract & Claims Finance – understanding of retainage, progress billing, change orders, and claims management.
• Bonding & Insurance Management – experience with surety bonds, liability coverage, and risk transfer.
• Project Financing – securing construction loans, lines of credit, and managing draw schedules.
• Vendor & Subcontractor Payments – handling milestone-based payments, lien waivers, and payment applications.