GROUP CFO

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

1. Set the group’s financial strategy including financial policies and procedures.
2. Manage the treasury, financial control and risk management functions and ensure that they support the business objectives and guidelines of the holding.
3. Ensure the group has adequate liquidity, low cost financing and appropriate hedging.
4. Lead all bank relationships and secure needed funding from private and public sectors.

KEY RESPONSIBILITIES

1. Develop and deploy the financial strategy of the holding and set corporate financial policies and guidelines.
2. Ensure that finance functions operate per adopted financial standards.
3. Recommend optimal capital structure strategy with input from the Treasury Manager and manage the group’s balance sheet.
4. Oversee the treasury’s cash management activities.
5. Manage the risk of the group in accordance to the risk appetite of the shareholders.
6. Drive the establishment of credit risk policies along with the Treasury Manager.
7. Review, validate and endorse budget, control report, financial plan, financial reports, all financial aspects of strategic plans and performance analysis reports.
8. Sign off on Performance Analysis report and examine budget availability in order to implement corrective actions.
9. Maintain relationships with banks and other sources of capital in order to minimize the cost of borrowed funds.
10. Lead all loan negotiations and filing with public and private sectors (e.g. SIDF, ADF, banks).
11. Maintain an effective and up-to-date financial management information system.

ESSENTIAL REQUIREMENTS

1. Open to Arabic & Western applicants.
2. Bachelor’s Degree in finance, accounting, or financial engineering, and a professional designation (CA, CFA or CPA) are required.
3. 15+ years of experience, with at least 7 years in finance management level role within an investment holding company.
4. MUST have current or recent KSA experience and hold strong contacts with local banks and financing partners.
5. MUST have current or recent contacts with Semi government bodies related to investments and acquisitions.
6. Understanding of the financing requirements of holding companies/ groups.
7. Very strong CFO experience for a group of companies or Holding company.
8. A great deal of experience overseeing many Acquisitions and mergers.
9. Experience at raising capital through many methods, banks, land, investors etc and the complete financing process in KSA.
10. Must have Capital structures experience and knowledge.
11. A solid financial leader who has the insight to drive the business forward with new acquisitions and capital.