Finance Director

Arab National Bank; Al Khobar; On-site; SAR 120,000 - 180,000; Full time

Job summary

An established industry player is seeking a Finance Director to lead financial operations and strategic planning. This pivotal role involves overseeing the development of business plans, managing investment requirements, and providing financial advice to optimize resources. The ideal candidate will ensure alignment with corporate strategies while directing budgeting and risk mitigation efforts. Join a dynamic team where your leadership will drive operational excellence and foster a culture of financial integrity. If you have a passion for finance and a track record of success, this opportunity is perfect for you.

Qualifications

• Proven experience in financial management and strategic planning.
• Strong leadership skills to manage finance teams effectively.

Responsibilities

• Oversee financial operations and ensure alignment with corporate strategy.
• Manage investment requirements and provide financial assessments.

Skills

Financial Strategy

Budgeting

Investment Management

Financial Reporting

Risk Mitigation

Leadership

Education

Bachelor's in Finance

Master's in Business Administration

Job description

Fircroft is seeking a qualified Finance Director to oversee financial operations and strategic planning.

Duties & Responsibilities:

1. Oversee the development and implementation of business plans and budgets for the company and its associates.
2. Ensure alignment with corporate strategy and direction.
3. Manage investment requirements and provide financial assessments for new ventures.
4. Offer financial and operational advice to optimize resources.
5. Define and oversee financial strategy, including treasury, planning, and investments.
6. Direct operational and investment plans to ensure liquidity while minimizing interest expenses.
7. Negotiate and optimize bank facilities based on company needs.
8. Analyze external influences (interest rates, competition, etc.) to advise management on performance optimization.
9. Design and implement a profit center for foreign exchange optimization.
10. Assist in selecting an audit firm to ensure timely and high-quality audits.
11. Develop departmental policies and processes for operational excellence.
12. Approve the design of the common chart of accounts.
13. Build and maintain a financial system covering accounting, purchasing, and inventory management.
14. Direct budgeting, risk mitigation, and reconciliation processes across departments.
15. Provide leadership and support to Finance & Accounting employees to ensure effective workflows.
16. Assess business processes for compliance with international standards.
17. Provide financial support to all departments.
18. Review sales invoicing, collections, and credit control processes.
19. Implement an internal auditing process to detect and resolve potential fraud.
20. Ensure timely and accurate financial reporting to stakeholders.
21. Coordinate with HR for staffing and resources in Finance & Accounting.
22. Conduct periodic performance reviews of the Finance team.
23. Prepare projected cash flow statements and manage banking facility requirements.
24. Set and monitor KPIs annually for financial activities.
25. Conduct performance appraisals for the finance and accounting teams, managing disciplinary actions when necessary.
26. Perform monthly variance analysis and recommend corrective actions.
27. Manage receivables, payables, and inventory to optimize working capital.
28. Develop policies for Fixed Asset Management including tracking and disposal.
29. Review employee expense claims and implement relevant policies.
30. Coach the Finance team to enhance skills and address business needs.
31. Handle any other tasks assigned by the CFO.

Skills

Similar experience