img
Contract TypeContract TypeFull-time
Workplace typeWorkplace typeOn-site
LocationLocationRiyadh

About the Role

RIG (Recruitment International Group) is seeking a Saudi National to fill the position of CFO- Portfolio Management. This role is based in Riyadh, Saudi Arabia, and is responsible for the financial oversight and governance of a portfolio of project companies and O&M subsidiaries operating across various geographies. The CFO-Portfolio Management will serve as a key liaison between the Group CFO and project-level finance teams, ensuring financial alignment and transparency across all managed assets. A strong understanding of the power and water sectors in Saudi Arabia, including the Independent Power Producer (IPP) framework, its regulatory environment, and commercial structures under long-term agreements, is essential.

Role Responsibilities

The role involves leading the review and consolidation of financial results, business plans, and performance targets for both operational and construction-stage projects, ensuring timely and accurate reporting to senior management. The incumbent will provide strategic financial guidance to project-level CFOs and O&M finance heads to drive operational excellence, cost efficiency, and compliance. This position also requires coordinating financial matters with diverse project stakeholders, including lenders, government counterparties, EPC contractors, O&M providers, and other service contractors, to maintain financial discipline and align with contractual and corporate objectives.

  • Provide monthly and quarterly business performance reviews to the CFO and CEO.
  • Deliver consolidated Medium-Term Plan (MTP) reviews by asset, investment, and project.
  • Collaborate with project CFOs to ensure efficient business performance and MTP reviews with country operations.
  • Conduct in-depth cost analysis to identify areas for optimization and efficiency.
  • Prepare and organize quarterly review meetings for support functions including Finance, HR, Legal, and IT.
  • Support the setting of General & Administrative (G&A) performance plan targets and propose action plans in close coordination with countries and projects.
  • Monitor, review, and execute G&A performance action plans to achieve set objectives.
  • Coordinate and perform specific ad hoc performance reviews and financial analysis for projects.
  • Challenge country-level financial figures and their accuracy, particularly regarding business performance translation into finance and cost optimization efforts.
  • Propose potential areas for improvement, including actionable plans to achieve performance targets.
  • Manage relationships with partners and key stakeholders, ensuring alignment of financial goals and objectives.
  • Oversee accounting and audit functions for all projects within the portfolio, ensuring compliance with regulatory standards and internal policies.
  • Ensure accurate and timely financial reporting for all projects, maintaining transparency and accountability.
  • Collaborate with project-level CFOs to develop and implement financial strategies that support overarching business objectives.
  • Lead financial planning, budgeting, and forecasting processes across the entire portfolio.
  • Implement and maintain effective internal controls to safeguard company assets and ensure financial integrity.
  • Provide strategic financial guidance to support informed decision-making processes at both the project and group levels.
  • Drive continuous improvement initiatives to enhance financial performance and operational efficiency across the portfolio.
  • Mentor and develop the finance team, fostering a culture of excellence and continuous learning.
  • Oversee and support the financial performance and governance of O&M subsidiaries, ensuring alignment with group standards, contractual commitments, and performance targets.
  • Collaborate closely with project-level CFOs, EPC contractors, and O&M service providers to ensure transparent cost control, cash flow discipline, and contract compliance.
  • Monitor financial interfaces among shareholders, lenders, contractors, and government offtakers to ensure proper coordination and timely issue resolution.
  • Provide oversight on project-level financial models, refinancing initiatives, and variation order evaluations to ensure consistency across the portfolio.
  • Drive efficiency in project and corporate reporting cycles, ensuring accurate consolidation of project results and timely escalation of key variances.
  • Serve as the key financial contact for internal and external stakeholders involved in construction and operational phases, including EPC, O&M, and technical advisory teams.

Qualifications and Requirements

Candidates for this role must possess a university degree in Finance, Economics, an MBA, or a relevant professional qualification. A minimum of 10 years of experience in accounting or business controlling, with experience at both operational entity and corporate levels, is required. Proven experience within the Kingdom of Saudi Arabia in the independent power and water producer (IPP/IWP) sector is essential, demonstrating a strong understanding of regulatory, financial, and contractual frameworks. Proficiency in IT Finance Systems or equivalent is necessary. Experience with MDT controlling tools, Smart consolidation tools, and ERP systems is advantageous. Hands-on experience in portfolio reporting and ERP-based performance management is expected, alongside demonstrated experience in performance improvement, efficiencies, and process simplification.

  • A university degree in Finance, Economics, or an MBA or relevant professional qualification.
  • A minimum of 10 years of experience in accounting or business controlling, with some experience at both operational entity and corporate levels being advantageous.
  • Proven experience within the Kingdom of Saudi Arabia in the independent power and water producer (IPP/IWP) sector, demonstrating a strong grasp of regulatory, financial, and contractual frameworks.
  • Proficiency in IT Finance Systems or equivalent. Experience with MDT controlling tools, Smart consolidation tools, and ERP systems is a plus.
  • Hands-on experience in portfolio reporting and ERP-based performance management.
  • Demonstrated experience in performance improvement, efficiencies, and process simplification.
  • A sound business orientation rooted in an understanding of value creation levers and a cost optimization mindset.
  • Ability to build and update relevant analytical reports.
  • Possesses rigorous analytical skills, along with good organizational and planning skills.
  • Strong capabilities in structured, business-oriented communication and delivering effective executive syntheses in writing.
  • An interest in developing knowledge of the business models and challenges of diverse projects.
  • The ability to communicate effectively at various organizational levels, across different geographical locations, and with individuals from diverse cultural backgrounds.
  • Strong interpersonal and communication skills.
  • Ability to effectively manage relationships with government stakeholders, lenders, and both local and international partners in large-scale project environments.
  • Familiarity with EPC and O&M contract structures, financial terms, and performance-linked mechanisms.
  • Demonstrates the ability to oversee multiple project and O&M finance teams, ensuring unified standards of reporting, compliance, and performance tracking across diverse contractual environments.

Key Skills

  • Financial Performance Management
  • Portfolio Governance
  • Financial Reporting
  • Business Plan Development
  • Performance Target Setting
  • Cost Analysis
  • Financial Planning
  • Budgeting
  • Forecasting
  • Internal Controls Implementation
  • Financial Strategy Development
  • Cost Control
  • Cash Flow Discipline
  • Contract Compliance
  • Financial Modeling
  • Refinancing
  • Variation Order Evaluation
  • Project Reporting
  • Financial Consolidation
  • Variance Analysis
  • Stakeholder Management
  • Accounting Principles
  • Audit Functions Oversight
  • Regulatory Compliance
  • IT Finance Systems Proficiency
  • MDT Controlling Tool (preferred)
  • Smart Consolidation Tool (preferred)
  • ERP Systems
  • ERP-based Performance Management
  • Performance Improvement Initiatives
  • Process Simplification
  • Value Creation Levers Understanding
  • Cost Optimization Mindset
  • Analytical Report Generation
  • Rigorous Analytical Skills
  • Organizational Skills
  • Planning Skills
  • Structured Business-Oriented Communication
  • Executive Synthesis
  • Interpersonal Skills
  • Communication Skills
  • Relationship Management
  • EPC Contract Structures Knowledge
  • O&M Contract Structures Knowledge
  • Financial Terms Understanding
  • Performance-Linked Mechanisms
  • Operational and Project Integration

Work Environment and Details

This is a full-time position based in Riyadh, Saudi Arabia. The role requires a minimum of 10 years of experience. The company is RIG (Recruitment International Group).

Requirements

  • Requires +10 Years experience

Similar Jobs

SAP MRO Consultant

📣 Job AdNew

MRP-Global

Seasonal

About the Role

MRP-Global is seeking an experienced SAP MRO & Plant Maintenance (PM) Consultant to join a new SAP deployment program for a leading client in Saudi Arabia. This is an initial 14-month contract role, open to international candidates willing to work on-site in Riyadh, Saudi Arabia. Visas will be covered, and rates are negotiable.

This position is integral to the successful implementation of SAP solutions, with a focus on Maintenance, Repair, and Operations (MRO) and Plant Maintenance functionalities. The consultant will apply their expertise to translate business requirements into effective SAP configurations and solutions, ensuring seamless integration and optimal system performance.

Key Responsibilities

  • Configure SAP Plant Maintenance (PM) modules to align with business requirements.
  • Develop and implement SAP MRO solutions, adhering to asset management principles.
  • Manage and deliver full project lifecycles, including design, build, testing, deployment, and post-go-live support.
  • Apply a strong understanding of maintenance planning, work management, and reliability processes within the SAP framework.
  • Facilitate the integration of SAP PM with Materials Management (MM) modules.
  • Manage stakeholders effectively, ensuring clear and consistent communication throughout the project.
  • Translate complex business requirements into practical and efficient SAP solutions.

Required Qualifications

  • Proven experience as an SAP PM or SAP EAM Consultant.
  • Hands-on SAP configuration experience within Plant Maintenance.
  • Demonstrated experience in delivering full SAP project lifecycles.
  • Strong understanding of maintenance planning, work management, and reliability processes.
  • Experience integrating SAP PM with Materials Management (MM).
  • Excellent stakeholder management capabilities.
  • Strong communication skills, both written and verbal.
  • Ability to effectively translate business requirements into SAP solutions.

Technical Skills and Expertise

  • SAP MRO
  • SAP Plant Maintenance (PM)
  • SAP EAM
  • MRO processes
  • Asset management principles
  • SAP configuration
  • Project lifecycles (design, build, testing, deployment, support)
  • Maintenance planning
  • Work management
  • Reliability processes
  • SAP PM integration with Materials Management (MM)
  • Stakeholder management
  • Communication skills
  • Translating business requirements into SAP solutions

Contract Details and Location

This is a contract position with an initial duration of 14 months. The role is based on-site in Riyadh, Saudi Arabia. The company will cover visa costs for international candidates.

breifcase5-10 years

locationRiyadh

less than a minute ago

Site Manager -380 kv Substation (Electrical)

📣 Job AdNew

Alfanar Projects

Full-time

About the Role

Alfanar Projects is seeking a skilled Site Manager with a specialization in Electrical Engineering to oversee the execution of 380 kV Substation projects in Riyadh, Saudi Arabia. This full-time position requires a professional with extensive experience in managing complex electrical infrastructure projects, ensuring adherence to industry standards, and driving successful project completion. The Site Manager will be responsible for supervising all on-site activities, including the installation, testing, and commissioning of high-voltage equipment, demanding strong leadership, technical expertise, and a commitment to quality and safety.

Key Responsibilities

  • Supervise daily site activities for 380 kV Substation projects to ensure efficient workflow and progress.
  • Monitor and manage the installation, testing, and commissioning of key substation equipment, including GIS, Transformers, Switchgear, and Protection Systems.
  • Ensure all site work strictly adheres to Saudi Electricity Company (SEC) standards, approved project drawings, and project specifications.
  • Coordinate effectively with site supervisors, foremen, subcontractors, and the project team to ensure seamless operations.
  • Diligently track site progress and provide regular, accurate updates to project management.
  • Champion and enforce compliance with all relevant safety regulations and quality standards on the project site.
  • Proactively identify site issues and provide support in resolving technical challenges during project execution.
  • Maintain comprehensive and accurate documentation and site records for all project activities.

Qualifications and Requirements

  • A Bachelor's Degree in Electrical Engineering or Power Engineering is mandatory.
  • A minimum of 10 to 15 years of progressive experience specifically in 380 kV Substation projects.
  • Demonstrated hands-on experience in installation and site supervision within substation environments.
  • In-depth knowledge of substation equipment and High Voltage (HV) systems.
  • Familiarity with Saudi Electricity Company (SEC) standards is highly preferred.
  • The ability to work effectively under challenging site conditions and consistently meet project deadlines.

Required Skills

  • Expertise in Installation and Site Supervision.
  • Proficiency in Substation Equipment and HV Systems.
  • Strong Communication and Coordination skills.

Work Environment and Details

This is a full-time position based in Riyadh, Saudi Arabia. The role requires a minimum of 10 years of experience in the field.

breifcase+10 years

locationRiyadh

1 minute ago

Wealth Management Techno Functional Consultant | Senior Manager | Banking Solutions

📣 Job AdNew

Deloitte

Full-time

About the Role

Deloitte, a globally recognized professional services firm, is seeking a highly experienced Wealth Management Techno-Functional Consultant to join its Banking Solutions team in Riyadh, Saudi Arabia. This role is integral to driving transformations within the wealth management sector by aligning technology solutions with strategic business objectives. As a Senior Manager, you will contribute to making an impact by solving complex problems and fostering sustainable growth for clients, embodying Deloitte's purpose.

Key Responsibilities

  • Serve as the primary Wealth Management subject matter expert (SME) across advisory and discretionary portfolio models, client onboarding, KYC, suitability assessments, order management, execution, settlement, corporate actions, performance measurement, and reporting.
  • Collaborate with senior client stakeholders, including Wealth Heads, CIOs, COOs, and Product Heads, to define business requirements, validate functional design, and ensure technology solutions align with business outcomes.
  • Provide functional leadership and guidance to Deloitte delivery teams and client organizations, ensuring consistent Wealth domain expertise throughout project lifecycles.
  • Lead end-to-end business analysis activities for Wealth Management programs, encompassing requirements elicitation, process mapping (As-Is and To-Be), business rules definition, and functional decomposition and prioritization.
  • Translate complex business strategies, regulatory requirements, and operational needs into clear, actionable functional requirements, user stories, acceptance criteria, and detailed functional specifications for Wealth platforms.
  • Own and govern key functional artifacts, including Business Requirement Documents (BRDs), Functional Requirement Specifications (FRS), user stories, epics, and traceability matrices, ensuring requirements quality and consistency.
  • Lead functional solution design to ensure alignment between business processes, Wealth platforms (*, Avaloq, Temenos, Intellect, Finacle Wealth), digital channels, CRM systems, and integration layers.
  • Conduct platform fit-gap analysis, document and prioritize gaps, and collaborate with Engineering and Integration Leads to ensure functional intent is maintained in technical design and delivery.
  • Drive pre-sales activities by leading functional solutioning and business analysis approach definition for RFPs and proposals, including defining scope, assumptions, delivery approach, effort estimation, risks, and dependencies.
  • Act as Functional Design Authority and Business Analysis Lead during delivery, governing requirement change control, scope management, and traceability through build, test, and UAT phases.
  • Support UAT planning, execution, and defect triage to ensure delivered solutions meet business objectives, regulatory expectations, and operational readiness.

Qualifications and Experience

  • 10–15+ years of experience in Wealth Management technology and transformation.
  • Strong, demonstrable experience in a Lead Business Analyst role on complex Wealth programs.
  • Deep understanding of front-to-back Wealth processes.
  • Experience working with leading Wealth platforms.
  • Proven ability to translate complex business needs into executable functional designs.
  • Willingness to travel.

Required Skills

  • Expertise in Wealth Management, covering advisory and discretionary portfolio models, client onboarding, KYC, suitability assessments, order management, execution, settlement, corporate actions, performance measurement, and reporting.
  • Proficiency in business analysis methodologies, including requirements elicitation, process mapping, business rules definition, functional decomposition, and prioritization.
  • Experience in defining functional requirements, user stories, acceptance criteria, and detailed functional specifications.
  • Familiarity with leading Wealth platforms such as Avaloq, Temenos, Intellect, and Finacle Wealth, as well as digital channels, CRM systems, and integration layers.
  • Capability in conducting platform fit-gap analysis and managing requirement change control and scope management.
  • Experience in pre-sales activities, including RFP response, proposal development, functional scope definition, effort estimation, risk assessment, and dependency management.
  • Skills in developing solution narratives, demo scenarios, and client presentations.
  • Ability to act as Functional Design Authority and lead UAT planning, execution, and defect triage.
  • Strong leadership, communication, and relationship-building skills.

Work Environment and Location

This is a full-time position based in Riyadh, Saudi Arabia. The role requires engagement with senior client stakeholders and delivery teams, contributing to a collaborative work environment focused on impactful transformations within the banking sector.

breifcase+10 years

locationRiyadh

1 minute ago

You may also like