Finance Director

Fircroft; Dammam; On-site; SAR 300,000 - 400,000; Full time

Job summary

A leading international consulting firm in Saudi Arabia seeks an experienced finance manager to oversee business plans and budgets, manage investments, and ensure compliance with financial strategies. The ideal candidate will have strong financial management skills and the ability to lead teams effectively, aiming for operational excellence in finance and accounting functions.

Responsibilities

• Oversee business plans and budgets.
• Manage investment requirements and provide financial assessments.
• Define and oversee financial strategy.
• Conduct internal auditing to detect fraud.
• Ensure timely financial reporting.

Skills

Projected cash flow management

KPI setting and monitoring

Performance appraisal conducting

Variance analysis

Receivables and payables management

Fixed Asset Management

Employee expense review

Team coaching

Fraud detection

Job description

Overview

Duties & Responsibilities:

• Oversee the development and implementation of business plans and budgets for the company and its associates.
• Ensure alignment with corporate strategy and direction.
• Manage investment requirements and provide financial assessments for new ventures.
• Offer financial and operational advice to optimize resources.
• Define and oversee financial strategy, including treasury, planning, and investments.
• Direct operational and investment plans to ensure liquidity while minimizing interest expenses.
• Negotiate and optimize bank facilities based on company needs.
• Analyze external influences (interest rates, competition, etc.) to advise management on performance optimization.
• Design and implement a profit center for foreign exchange optimization.
• Assist in selecting an audit firm to ensure timely and high-quality audits.
• Develop departmental policies and processes for operational excellence.
• Approve the design of the common chart of accounts.
• Build and maintain a financial system covering accounting, purchasing, and inventory management.
• Direct budgeting, risk mitigation, and reconciliation processes across departments.
• Provide leadership and support to Finance & Accounting employees to ensure effective workflows.
• Assess business processes for compliance with international standards.
• Provide financial support to all departments.
• Review sales invoicing, collections, and credit control processes.
• Implement an internal auditing process to detect and resolve potential fraud.
• Ensure timely and accurate financial reporting to stakeholders.
• Coordinate with HR for staffing and resources in Finance & Accounting.
• Conduct periodic performance reviews of the Finance team.

Skills

• Prepare projected cash flow statements and manage banking facility requirements.
• Set and monitor KPIs annually for financial activities.
• Conduct performance appraisals for the finance and accounting teams, managing disciplinary actions when necessary.
• Perform monthly variance analysis and recommend corrective actions.
• Manage receivables, payables, and inventory to optimize working capital.
• Develop policies for Fixed Asset Management including tracking and disposal.
• Review employee expense claims and implement relevant policies.
• Coach the Finance team to enhance skills and address business needs.
• Handle any other tasks assigned by the CFO.