Chief Financial Officer (CFO001)

Foreground LLC; Al Khobar; On-site; SAR 400,000 - 600,000; Full time

Job summary

A leading infrastructure investment firm in Saudi Arabia seeks an experienced Chief Financial Officer to lead the financial function of a major capital project. The CFO will provide strategic financial leadership, oversee capital structuring, and ensure compliance with regulatory standards. The ideal candidate must have over 10 years of experience in finance leadership roles and a deep understanding of project finance within capital-intensive sectors. A competitive package and career growth opportunities await the right candidate.

Qualifications

• Minimum 10 years of experience in senior finance leadership roles.
• Proven experience managing the financial function of large-scale SPVs or capital projects.
• Deep understanding of project finance and multi-party governance.

Responsibilities

• Define and implement the SPV's financial strategy.
• Lead the structuring and securing of financing packages.
• Oversee the preparation of robust financial models and forecasts.
• Establish and maintain financial controls and compliance.
• Represent the SPV in Board meetings and stakeholder engagements.
• Build and lead a high-performing finance team.

Skills

Financial modeling

Analytical skills

Negotiation skills

Stakeholder management

Education

Bachelor's degree in Finance, Accounting, or Business Administration

MBA, CPA, CFA

Job description

Overview

Foreground is partnering with a prominent infrastructure investment and development group in the Kingdom of Saudi Arabia to identify a seasoned Chief Financial Officer to lead the full financial function of a Special Purpose Vehicle (SPV) established to deliver a major capital project. The appointed CFO will report directly to the CEO and Board of Directors, acting as the financial steward of the entity and a strategic business partner to its stakeholders. The role is positioned at the heart of a complex multi-stakeholder project, with a mandate to oversee the full finance lifecycle from capital structuring to reporting, compliance, and long-term financial performance. The ideal candidate brings a strong foundation in project finance, SPV governance, and financial leadership within capital-intensive sectors such as infrastructure, energy, or construction.

Key Responsibilities

• Strategic Financial Leadership
  • Define and implement the SPV's financial strategy, ensuring full alignment with project objectives and partner expectations.
  • Serve as the principal financial advisor to the CEO and Board, providing insights into investment decisions, risk exposures, and commercial strategy.
  • Support strategic negotiations with banks, institutional investors, and financial sponsors.
• Project Financing & Capital Structuring
  • Lead the structuring and securing of financing packages, including debt, equity, export credit arrangements, and government guarantees.
  • Ensure full compliance with financing agreements, covenants, and lender reporting requirements.
  • Act as the primary liaison with financial institutions and funding partners.
• Financial Planning, Analysis & Reporting
  • Oversee the preparation of robust financial models, forecasts, and multi-year business plans.
  • Lead the budgeting process and implement controls to ensure accurate financial planning and execution.
  • Monitor key financial metrics and operational KPIs to inform decision-making and improve performance outcomes.
  • Prepare and present timely, accurate financial reports to internal and external stakeholders, including regulatory authorities.
• Governance, Compliance & Risk Management
  • Establish and maintain financial controls, policies, and procedures that ensure fiscal integrity and transparency.
  • Lead audits and ensure compliance with local and international financial reporting standards.
  • Identify financial risks and implement mitigation strategies across project phases.
• Board & Stakeholder Engagement
  • Represent the SPV in Board meetings, partner briefings, and financial reviews.
  • Manage relationships with auditors, legal advisors, regulators, and external stakeholders.
  • Drive alignment between SPV operations and partner / shareholder expectations.
• Leadership & Team Development
  • Build and lead a high-performing finance team aligned with the long-term needs of the SPV.
  • Foster a culture of accountability, integrity, and operational excellence.

Candidate Profile

• Education & Credentials
  • Bachelors degree in Finance, Accounting, Business Administration, or related discipline.
  • MBA, CPA, CFA, or an equivalent professional certification is highly preferred.
• Experience & Sector Exposure
  • Minimum 10 years of experience in senior finance leadership roles.
  • Proven experience managing the financial function of large-scale SPVs or capital projects, ideally in infrastructure, real estate development, or industrial construction.
  • Deep understanding of project finance, joint ventures, investment structuring, and multi-party governance.
• Skills & Attributes
  • Exceptional financial modeling, analytical, and commercial acumen.
  • Strong negotiation and stakeholder management skills across private and public sector interfaces.
  • High standards of professionalism, integrity, and operational discipline.
  • Confident board-level communicator and strategic thinker with hands-on execution capability.