Description:
Please note that this position is based in The Middle East, relocation, accommodation and additional benefits apply.
A trusted and well established client of ours in The Middle East is seeking an experienced CFO; as a key member of the Executive Management team, the Chief Financial Officer will report to the CEO and assume a strategic role in the overall management of the company. The CFO will have primary day-to-day responsibility for planning, implementing, managing and controlling all financial-related activities of the company.
Duties and Responsibilities:
1. Direct and oversee all aspects of the Finance & Accounting functions of The Group and all branches.
2. Develop, maintain, and monitor accounting processes, policies, and procedures in accordance with SOCPA and IFRS.
3. Making sure tax/zakat filing is done on a timely basis. Following up and resolving issues as regard to pending Zakat assessments.
4. Products/Events/Services pricing and ancillary fees opportunities. Compares sales and profit projections to actual figures and budgeted expenses to actual expenses; makes or oversees any necessary adjustments to future projections and budgets.
5. Reviews planning process and suggests improvements to current methods.
6. Analyzing financial data, monitoring expenditure, forecasting revenue, coordinating auditing processes, and ensuring accuracy of financial information.
7. Works with the CEO and other executives to coordinate planning and establish priorities for the planning process. Studies long-range economic trends and projects their impact on future growth in sales and market share. Identifies opportunities for expansion into new product areas.
8. Advises the CEO on matters such as effective use of resources and assumptions underlying budget forecasts.
9. Develops and monitors the company strategic financial planning and budgeting in coordination with the CEO.
10. Oversees investment of funds and works with investment bankers to raise additional capital required for expansion.
11. Ensure that effective internal controls are in place and ensure compliance with Saudi Arabia regulations and applicable local regulatory laws and rules for financial and tax reporting.
12. Ensure effective external Audits & Reviews, with a view to meet all regulatory requirements and deadlines; and compliance to all relevant regulations & best practices.
13. Monitoring cash flow of the company at all times for better cash/fund management.
14. Applying Zero based budget techniques. Ensure budgeting process is being followed for annual budget preparation. Assessing the actuals as against the budgets and making sure there are no major deviation.
15. Reviewing active contracts to ensure necessary action and apply contract risk management from finance stand point....