Chief Financial Officer

Please note that this position is based in The Middle East; relocation, accommodation, and additional benefits apply.

A trusted and well-established client of ours in The Middle East is seeking an experienced CFO. As a key member of the Executive Management team, the Chief Financial Officer will report to the CEO and assume a strategic role in the overall management of the company.

The CFO will have primary day-to-day responsibility for planning, implementing, managing, and controlling all financial-related activities of the company.

Duties and Responsibilities:

1. Direct and oversee all aspects of the Finance & Accounting functions of The Group and all branches.
2. Develop, maintain, and monitor accounting processes, policies, and procedures in accordance with SOCPA and IFRS.
3. Ensure tax / zakat filing is done on a timely basis and follow up on pending Zakat assessments.
4. Identify pricing and ancillary fees opportunities for products, events, and services.
5. Compare sales and profit projections to actual figures and budgeted expenses; make or oversee necessary adjustments to future projections and budgets.
6. Review planning processes and suggest improvements to current methods.
7. Analyze financial data, monitor expenditure, forecast revenue, coordinate auditing processes, and ensure accuracy of financial information.
8. Work with the CEO and other executives to coordinate planning and establish priorities for the planning process.
9. Study long-range economic trends and project their impact on future growth in sales and market share.
10. Identify opportunities for expansion into new product areas.
11. Advise the CEO on effective use of resources and assumptions underlying budget forecasts.
12. Develop and monitor the company’s strategic financial planning and budgeting in coordination with the CEO.
13. Oversee investment of funds and work with investment bankers to raise additional capital required for expansion.
14. Ensure effective internal controls are in place and compliance with Saudi Arabia regulations and applicable local regulatory laws for financial and tax reporting.
15. Ensure effective external audits & reviews meet all regulatory requirements and deadlines, and compliance with all relevant regulations & best practices.
16. Monitor cash flow of the company for better cash/fund management.
17. Apply Zero-based budgeting techniques and ensure the budgeting process is followed for annual budget preparation.
18. Assess actuals against budgets and ensure there are no major deviations.
19. Review active contracts to ensure necessary action and apply contract risk management from a finance standpoint.
20. Implement & monitor internal controls ensuring fraud risk management and control.

Requirements:

1. Bachelor's degree in accounting, finance, or a relevant major.
2. 10+ years of experience in Financial Management.
3. CIMA or relevant accreditation is highly advantageous.
4. Gulf experience is highly advantageous.

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