GROUP CFO

First Resort Global Recruitment; Riyadh; On-site; SAR 500,000 - 750,000; Full time

Job summary

A leading holding company in Riyadh seeks an experienced Group Finance Director/CFO to drive financial strategy and management. The ideal candidate will possess extensive experience in senior finance roles within investment holding companies, with strong local bank relationships and a comprehensive understanding of financing needs. This position requires a deep understanding of financial strategies and proven skills in managing multiple companies under a holding group.

Qualifications

• 15+ years of experience, including at least 7 years in senior finance management.
• Current or recent experience in KSA with local bank contacts.
• Experience with investments and acquisitions.

Responsibilities

• Set the group’s financial strategy and management policies.
• Oversee financial operations to meet business objectives.
• Maintain relationships with banks and secure funding.

Skills

Financial Strategy

Risk Management

Treasury Management

Bank Relations

Financial Reporting

Financial Policies

Education

Bachelor’s Degree in Finance, Accounting, or Financial Engineering

CA, CFA, or CPA designation

Job description

Our client is a leading Holding Company with diverse businesses across FMCG, Manufacturing, Industrial, Hospitality, and other industries. With a strong reputation and good expansion plans for 2014.

We are looking for an experienced finance professional to join as the Group Finance Director/ CFO based in Riyadh, Saudi Arabia.

Reporting to: CEO

JOB OVERVIEW

• Set the group’s financial strategy including financial policies and procedures.
• Manage the treasury, financial control, and risk management functions to support business objectives.
• Ensure adequate liquidity, low-cost financing, and appropriate hedging.
• Lead bank relationships and secure funding from private and public sectors.

KEY RESPONSIBILITIES

• Develop and deploy the financial strategy and set corporate financial policies.
• Ensure finance functions operate according to adopted standards.
• Recommend and manage the group’s capital structure and balance sheet.
• Oversee cash management and risk management aligned with shareholder risk appetite.
• Establish credit risk policies and oversee financial planning, reports, and performance analysis.
• Maintain relationships with banks and capital sources to minimize borrowing costs.
• Lead loan negotiations and funding applications with public and private entities.
• Maintain an effective financial management information system.

ESSENTIAL REQUIREMENTS

• Open to Arabic & Western applicants.
• Bachelor’s Degree in finance, accounting, or financial engineering, with CA, CFA, or CPA designation.
• 15+ years of experience, including at least 7 years in a senior finance management role within an investment holding company.
• Current or recent experience in KSA with strong contacts with local banks and financing partners.
• Experience with semi-government bodies related to investments and acquisitions.
• Deep understanding of financing needs of holding companies/groups.
• Proven CFO experience overseeing multiple companies or a holding group.
• Extensive experience in acquisitions, mergers, and capital raising in KSA.
• Knowledge of capital structures and financial strategies.

About The Company

First Resort Global Recruitment provides tailored recruitment solutions worldwide, combining Arabic and Western expertise. Our team has international experience, enabling us to find top candidates suited to your organizational and cultural needs.