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Group Chief Financial Officer

Group Chief Financial Officer

Job Overview

Group CFO – Jeddah, KSA



· Bachelor’s Degree in Accounting, Finance or related field

· Professional qualification/ MBA preferred

· Preference will be given to candidates with an MBA in Finance and the Certified Public Accountant (CPA) or Certified Management Accountant (CMA) designations.


· 15+ years of progressively responsible experience with a vast manufacturing or a heavy industrial company. Should have experience in partnering with an executive team.

· Advanced computer skills, including proficiency in MS Office and ERP (preferably Microsoft Dynamics)


Group Chief Financial Officer (CFO) will help to plan the organization’s financial strategy and perform effective risk management. It is a pivotal role to help the company succeed in safeguarding its finances and overseeing all its administrative functions. The CFO will work closely with the CEO, COO, Board of Directors and other C-Suite officers. A CFO must be well-versed in all aspects of financial management ranging from simple accounting to broad investment and banking operations. The main characteristics of the successful candidate are as follows:

· Be an effective organizational leader and a key member of senior management;

· Balance the responsibilities of stewardship with business partnership;

· Act as the integrator and navigator for the organization;

· Be an effective leader of the finance and accounting function; and

· Bring professional qualities to the role and the organization.


In addition to the overall success of the company, the CFO’s main goal is to protect the company’s revenues and profits to achieve full financial control and sustainable growth. The CFO is also responsible for driving the company’s financial planning, assisting to perform risk management by analyzing the organization’s liabilities and investments, and deciding on investment strategies by considering cash and liquidity risks.

1. Governance:

· Work closely with the Chief Executive Officer (CEO) to

o Understand and mitigate key elements of the company’s risk profile.

o Maintain appropriate insurance coverage.

· Construct and monitor reliable control systems.

· Ensure that record keeping meets the requirements of auditors and government agencies.

· Maintain relations with external auditors and investigate their findings and recommendations.

2. Communication and Representation:

· Engage and communicate effectively with colleagues, investors, customers, suppliers, regulators, and other internal and external stakeholders.

· Maintain banking relationships.

· Represent the company with investment bankers and investors.

3. Business Strategy, Vision, Mission and Planning:

· Share strategic leadership responsibilities with the CEO and other C-Suite officers and ensure that the Finance & Administration function supports the business at a strategic and operational level;

· Assist in formulating the company’s future direction and supporting tactical initiatives.

· Monitor and direct the implementation of strategic business plans.

· Develop financial and tax strategies.

· Manage the capital request and budgeting processes.

4. Management and Administration:

· Participate in key decisions as a member of the executive management team.

· Maintain in-depth relations with all members of the management team.

· Oversee the financial and administrative operations of all subsidiary and related companies as well as foreign operations.

· Manage any third parties to which accounting, finance or administration functions have been outsourced.

· Oversee the company’s transaction processing systems (ERP, CRM, etc.).

· Introduce and implement operational best practices.

· Supervise acquisition due diligence and negotiate acquisitions in close coordination with the other C-Suite officers.

· Oversee the issuance of financial information.

· Review and approve all Tax Form filings with the applicable authorities.

· Report financial results to the CEO, Board of Directors and Executive Committees.

· Monitor cash balances and cash forecasts.

· Arrange for debt financing and equity financing.

· Provide guidance to subordinate staff and determine KPIs for each reporting department and evaluate performance of reporting departments and staff.

· Develop and implement policies and procedures for subordinate departments and teams.

· Oversee administrative resource allocation and budgeting.

· Assume responsibility for timely reporting to senior management or regulatory agencies.

5. Evaluation and Quality Control:

· Demonstrate ethical leadership and business integrity.

· Balance short-term concerns and pressures, such as managing cash, liquidity, and profitability, and long-term vision and sustainable organizational success.

· Fulfil stewardship responsibilities by ensuring effective compliance and control and responding to ever increasing regulatory developments, including financial reporting, capital requirements, and corporate responsibility.

· Drive and manage change and innovation within the organization.

· Develop performance measures and monitoring systems that support the company’s strategic direction.

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