Chief Financial Officer

My client is a reputable Saudi family Holding with diversified portfolio of business activities. They are currently looking for a CFO based in Jeddah. Below more details:

• The Chief Financial Officer is responsible for providing strategic financial leadership and guidance to our organization and its subsidiaries
• Responsible for overseeing all financial aspects of the holding group, including overseeing, and optimizing the financial performance, budgeting, and financial strategies and ensuring its long-term financial stability and growth.
• Develop and execute the company’s financial strategy, in alignment with its short-term and long-term objectives.
• Create financial models to support decision- making, including revenue projections, cost analysis, and investment opportunities.
• Assess the financial viability of potential projects, conducting due diligence and risk analysis.
• Monitor financial performance, budgeting, forecasting, and reporting to the executive team and board of directors and offer meaningful insights and recommendations.
• Lead the annual budgeting process, working with department heads to set financial targets and monitor performance against those targets.
• Prepare regular financial forecasts to provide insights into the company’s financial health and identify areas for improvement.
• Develop and implement risk management strategies to protect the company’s investments, assets, and financial stability.
• Evaluate and negotiate financing arrangements for development projects.
• Monitor cash flow, ensuring adequate liquidity for company operations.
• Develop and implement cash management strategies.
• Manage capital allocation and investments, including evaluating mergers and acquisitions.
• Optimize capital structure to support the company’s growth and strategic initiatives.
• Assess the financial viability of potential real estate development projects, conducting due diligence and risk analysis.
• Make recommendations on property acquisitions, dispositions, and investments.
• Assure that maximum value against expenditure levels is maintained by all areas under the domain. Curb waste, align financial systems, and streamline financial processes.
• Build and lead a high-performing finance team, providing mentorship and guidance to team members and ensuring their professional growth and performance.
• Foster a culture of accountability, transparency, and teamwork within the finance department.
• Build and maintain strong relationships with investors, banks, auditors, and other financial partners.
• Represent the company in financial matters to external stakeholders.

Requirements:

• Bachelor’s degree in finance, Accounting, or a related field.
• An MBA or relevant professional certification (e.g., CPA, CFA) is preferred.
• Proven experience as a CFO or in a senior financial leadership role within a holding company or similar complex corporate structure.
• In-depth knowledge of financial and accounting principles, investment strategies, and regulatory compliance within the investment sector.
• Strong analytical and problem-solving skills with the ability to make data-driven decisions.
• Experience in capital raising, mergers, and acquisitions.
• Excellent communication and interpersonal skills, with the ability to present complex financial information to non-financial stakeholders.
• Strong leadership and team management skills.
• Ability to adapt to changing market conditions and regulatory requirements.
• Knowledge of IFRS standards as well as VAT and ZAKAT regulations.
• Great knowledge of ERP systems.