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Chief Financial Officer, CFO In Dammam

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Employer Job Reference:  10XP-CFO-KSA
Employer:  10X Talent
Job Country:  Saudi Arabia
Job City:  Dammam

Oversee all financial matters to support organizational strategic and operation needs. Drive the function to ensure effective financial control and full transparency on business performance Advise the Board and CEO on investment decisions. Supervise the IT department's activities to ensure that it is acting as a business enabler.

Develop & Implement Financial strategies to support the strategic and operational needs:

  1. Financial planning (including financial structuring, cost of capital optimization, cash flow management, Zakat & Tax planning, Insurance planning and financial risk management)
  2. Develop detailed department structure and ensure availability of appropriate skill sets to deliver the desired functional expectations from the department
  3. Closely interact with CEO and division heads to contribute towards the financial & commercial aspects in the preparation of business plans and growth strategies
  4. Drive the development, implementation and improvement of finance and accounting policies, processes and systems to ensure business performance transparency, efficient controlling and standardization in reporting
  5. Guide and Coordinate the annual budget preparation process in close interaction with CEO and division / department heads and make optimal budget recommendations to CEO / BoD
  6. Oversee the Financial performance of all divisions and departments to assess compliance with guidelines and targets set by the BoD and CEO
  7. Support the CEO / Divisionl / Department heads in Evaluating the financial and commercial viability of investment proposals / projects and advise CEO / BoD on the feasibility of the same.
  8. Manage relationship with financial institutions and relevant regulatory bodies in the best interest of the organization
  9. Ensure compliance of accounting, reporting and audits according to regulatory requirements
  10. Ensure that IT function acts as a business enabler to support business activities
  11. Facilitate mutual agreements on the terms of inter-divisional SLAs in the best commercial interest of the organization.
  12. Implement Saudization within the department in line with Organizational and National objectives & policy
  13. Regular interaction with CEO, Business Division / department heads and Finance personnel under divisions. Day to day interaction with direct reports in the department.
  14. Interaction with BoD via relevant committees and directly as and when required. Regular and need based with Financial institutions & external auditors.

Candidate Requirements:
  1. Bachelors degree in Finance / Accounting and MBA Finance from a reputed institution
  2. Professional certifications such as CPA / CFA / CMA will be an advanatage
  3. Around 20 yrs of hands on Finance and Accounts function experience
  4. KSA / Middle east experience in a similar capacity for around 5 yrs in large Industrial Projects oriented organization (Plant Construction, Maintenance and associated support services such as Equipment, Accommodation, Catering and Facility management)
  5. Expereince in Transformation / Re-organization and Improvement of finance & accounts functions in terms of professionalism and transparency (focus on efficient controlling)
  6. Lead / Supervised full fledged centralized IT function as a business enabler
  7. Fluency in Arabic and English communication (Read, Write and Speak)
  8. Knowledge of IPO and M&A processes
  9. Developing / managing the finance & accounts function in an integrated ERP environment
  10. Competent in using MS office tools
  11. Change management
  12. Highly Analytical
  13. Strong Negotiation abilities
  14. Charismatic, trustable personality, able to interact with potential investors / key stakeholders
  15. Hands on work management style
  16. Strong Leadership character
  17. Quick Adaptability and ability to work cohesively in multi-cultural environment
Industry:  Oil, Gas, Petroleum & Energy
Industrial Automation
Job Function:  C-Suite - Chief Financial Officer
Position Type:  Full Time
Education Required:  Masters
Experience Required:  21 to 25 years
Career Level:  Senior Executive CFO
Gender:  Male
Travel:  Yes
23/11/2011

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