Chief Financial Officer

Chief Financial Officer at *******

******* is seeking a Chief Financial Officer to lead the finance function for its Saudi Arabian subsidiary. This full-time position is based in Al Jubail, Eastern Province, and involves acting as a strategic business partner to the local CEO while reporting functionally to the Group CFO.

Role Overview

The Chief Financial Officer will be responsible for overseeing financial control, regulatory compliance, and business performance management. The role ensures alignment with Group financial policies and standards, contributing to the strategic direction and operational efficiency of the subsidiary.

Key Responsibilities

• Lead quarterly and annual closing processes, budgeting, forecasting, financial planning, cash flow management, project reviews, and performance analysis.
• Ensure accurate and timely monthly reporting in accordance with Group standards, including IFRS where applicable.
• Oversee Saudi accounting, tax, VAT, Zakat, corporate income tax, and other local regulatory requirements, maintaining regulatory watch.
• Maintain effective internal controls, risk management, and compliance with Group procedures, partnering with the internal audit function.
• Support the CEO in operational decisions, performance management, and cost control initiatives.
• Manage liquidity, banking relationships, receivables, payables, and cash optimization in line with Group guidelines.
• Manage and develop the local finance team, coordinating effectively with Group Finance.
• Drive improvements in financial processes, reporting systems, and operational efficiency based on internal audit recommendations, Group CFO directives, and approved initiatives. Develop a financial culture across operational departments.

Qualifications and Experience

• A Master's degree in Finance, Accounting, Economics, or a related field is required. A professional qualification such as ACCA, CPA, or CMA is preferred.
• Over 10 years of relevant finance experience, including at least 3 to 5 years in a senior finance leadership role (CFO, Finance Director, Financial Control Manager, or equivalent).
• Experience in Saudi Arabia or the wider Gulf region is strongly preferred.
• Experience in a multinational environment, ideally within a European or North American headquartered group, is highly desirable.
• Demonstrated ability to work effectively with both local management and an international headquarters.
• Experience in a project-based business, including sales and margin recognition based on project completion and related financial impacts, is highly appreciated.
• Experience managing a Saudi subsidiary reporting to an international headquarters is highly desirable.

Required Skills and Attributes

• Fluent business English and Arabic are required, given the necessity to handle local documents, tax invoices, and contracts in Arabic, and communicate with Arabic-speaking suppliers and bankers.
• Strong leadership, integrity, rigor, communication, and stakeholder management skills.
• Ability to operate autonomously within a matrix reporting structure, balancing local business priorities with Group requirements.
• Possession of a long-term vision combined with the ability to delve into details.
• High capacity for work and resilience under pressure.

Application Information

This role offers an opportunity to lead the finance function of a Saudi Arabian subsidiary within an international industrial group. Salary details will be discussed during the interview process.