Chief Financial Officer (CFO)

Confidential; Saudi Arabia; On-site; SAR 600,000 - 800,000; Full time

Job summary

A leading financial organization in Riyadh is seeking a strategic Chief Financial Officer (CFO) to spearhead financial governance and performance. The CFO will manage financial planning, reporting, and risk compliance, acting as a key partner to the CEO and Board. Candidates should possess a strong finance background with a Master's degree preferred, and extensive leadership experience. This role offers a competitive compensation package and an opportunity to influence corporate financial strategy and long-term growth.

Qualifications

• Minimum 15-20 years of progressive finance experience.
• At least 7-10 years in a senior executive role.
• Proven leadership in complex, multi-business environments.

Responsibilities

• Define and execute financial strategy aligned with corporate objectives.
• Oversee financial reporting and ensure compliance with IFRS.
• Lead annual budgeting and performance management processes.

Skills

Financial strategy

Governance

Corporate finance

Risk management

Education

Bachelor's degree in Finance, Accounting, or Economics

Master's degree or MBA

Professional certification (CPA, ACCA, CMA, SOCPA)

Job description

Job Title: Chief Financial Officer (CFO)

Location: Riyadh, Saudi Arabia

Company: Confidential

Role Overview

We are seeking a strategic and commercially astute Chief Financial Officer (CFO) to lead the organization's financial strategy, governance, and performance. The CFO will be responsible for financial planning, reporting, risk management, and capital allocation, ensuring sustainable growth, strong internal controls, and full regulatory compliance. This role is a key executive partner to the CEO and Board, providing financial leadership and data-driven insights to support strategic decision-making and long-term value creation.

Key Responsibilities

Financial Strategy & Executive Leadership

• Define and execute the organization's financial strategy aligned with corporate objectives.
• Act as a strategic advisor to the CEO and Board on financial performance, risks, and growth opportunities.
• Support corporate strategy, investments, and long-term financial planning initiatives.

Financial Management & Reporting

• Oversee financial reporting, consolidation, and statutory accounts in compliance with IFRS.
• Ensure timely and accurate monthly, quarterly, and annual financial statements.
• Develop executive dashboards, KPIs, and management reports to support leadership decisions.

Budgeting, Forecasting & Performance Management

• Lead annual budgeting and rolling forecast processes.
• Monitor performance against budgets and forecasts, analyze variances, and drive corrective actions.
• Oversee cash flow management, liquidity planning, and working capital optimization.

Governance, Risk & Compliance

• Establish and maintain strong internal controls, financial policies, and governance frameworks.
• Ensure compliance with local regulations, ZATCA requirements (VAT, WHT), and audit standards.
• Lead internal and external audits and manage relationships with auditors, banks, and regulators.

Commercial & Business Partnership

• Partner with executive leadership and business units to support profitability, cost efficiency, and financial discipline.
• Review major commercial agreements, pricing models, and financial risks.
• Support strategic initiatives, business expansion, and transformation programs.

Leadership, Systems & Transformation

• Build, lead, and develop a high-performing finance organization.
• Drive ERP, financial systems, and reporting automation initiatives.
• Promote a culture of accountability, transparency, and continuous improvement.

Qualifications

• Bachelor's degree in Finance, Accounting, Economics, or a related field; Master's degree or MBA preferred.
• Professional certification such as CPA, ACCA, CMA, or SOCPA is highly desirable.
• Minimum 1520 years of progressive finance experience, with at least 710 years in a senior executive role.
• Strong experience in corporate finance, governance, reporting, treasury, and financial strategy.
• Proven leadership in complex, multi-business or high-growth environments.
• Excellent communication, stakeholder management, and decision-making skills.

Key Competencies

• Strategic financial leadership and business acumen.
• Strong governance, risk, and compliance mindset.
• Executive-level reporting and data-driven decision-making.
• Ability to lead transformation and organizational change.
• High integrity, confidentiality, and professionalism.