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  • Job reference: RMS0183465

Chief Financial Officer (CFO)

  • Sector: Automotive
  • Location: Riyadh
  • Job type: Permanent
  • Date posted: 10/08/2017
  • Duration: 1 year
  • Time left:
    d h m s
    (07/09/17)

The Role:
Chief Financial Officer (CFO)

Basic Function: The chief financial officer position is accountable for the administrative, financial, and risk management operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy, and the on-going development and monitoring of control systems designed to preserve company assets and report accurate financial results. Principal accountabilities are:

Planning
1.Assist in formulating the company's future direction and supporting tactical initiatives
2.Monitor and direct the implementation of strategic business plans
3.Develop financial and tax strategies
4.Manage the capital request and budgeting processes
5.Develop performance measures that support the company's strategic direction

Operations
1.Participate in key decisions as a member of the executive management team
2.Maintain in-depth relations with all members of the management team
3.Manage the accounting, human resources, investor relations, legal, tax, and treasury departments
4.Oversee the financial operations of subsidiary companies and foreign operations
5.Manage any third parties to which accounting or finance functions have been outsourced
6.Oversee the company's transaction processing systems
7.Implement operational best practices
8.Oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package
9.Supervise acquisition due diligence and negotiate acquisitions

Financial Information
1.Oversee the issuance of financial information
2.Personally review and approve all Form 8-K, 10-K, and 10-Q filings with the Securities and Exchange Commission (if the company is publicly held)
3.Report financial results to the board of directors

Risk Management
1.Understand and mitigate key elements of the company's risk profile
2.Monitor all open legal issues involving the company, and legal issues affecting the industry
3.Construct and monitor reliable control systems
4.Maintain appropriate insurance coverage
5.Ensure that the company complies with all legal and regulatory requirements
6.Ensure that record keeping meets the requirements of auditors and government agencies
7.Report risk issues to the audit committee of the board of directors
8.Maintain relations with external auditors and investigate their findings and recommendations

Funding
1.Monitor cash balances and cash forecasts
2.Arrange for debt and equity financing
3.Invest funds
4.Invest pension funds

Desired Qualifications: The candidate chief financial officer should have a master's degree in accounting or business administration, or equivalent business experience and 10+ years of progressively responsible experience for a major company or division of a large corporation. Should have experience in partnering with an executive team, and have a high level of written and oral communication skills. Preference will be given to candidates with an MBA in Finance and the Certified Public Accountant or Certified Management Accountant designations.

Additional Qualifications: If the company has extensive overseas operations, it may also be necessary to include a language requirement. If the company is a small one, then the chief financial officer may also take on the role of the controller. If the company operates in an industry that requires specialized accounting knowledge, then include an industry experience requirement of at least two years.

Interested candidates please share your CV with me at

The Company:
A Saudi Semi Government Organisation.

About Fircroft:
Fircroft has been placing people in specialist technical industries for approaching half a century, focusing on mid to senior level engineers for contract and permanent roles worldwide. By applying for this job you give consent for Fircroft to contact you, via email & telephone, to discuss your application along with future positions and Fircroft's services.

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