Chief Financial Officer
Summary
Title: | Chief Financial Officer |
---|---|
ID: | 1979 |
Department: | Finance |
Location : | Riyadh |
Nationality : | Saudi Arabia |
Industry: | Management Consulting |
Type of Contract : | N/A |
Description
Responsibilities and Duties
• Act as Chief Financial Officer and strategic business partner to senior executive leadership team.
• Assess and evaluate financial performance of organization regarding long-term operational goals, budgets and forecasts.
• Provide insight and recommendations to both short-term and long-term growth plan of organization.
• Identify, acquire and implement systems and software to provide critical financial and operational information.
• Evaluate departments and make suggestions for automating processes and increasing working efficiency.
• Communicate, engage and interact with Board of Directors, Chiefs, and Executive Leadership Team.
• Create and establish yearly financial objectives that align with the company’s plan for growth and expansion.
• Select and engage consultants, auditors and investors.
• Serve as a key member of executive leadership team and round table discussion panel.
• Participate in pivotal decisions as they relate to strategic initiatives and operational models.
• Interact with and bring department into line with Board of Directors’ plans, initiatives and recommendations.
• Implement policies, procedures and processes as deemed appropriate by senior leadership team.
• Review and analyze monthly financial results and provide recommendations.
• Identify, develop and execute analysis of business initiatives, product launches and/or new service offerings.
• Develop and maintain monthly operating budget and annual company operating budget.
• Manage financial planning and analysis department. Supervise creation of reports, software implementation and tools for budgeting and forecasting.
• Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software.
• Provide regular maintenance and backup of all accounting systems and supervise company financial staff.
• Ensure timeliness and accuracy of financial and management reporting data.
• Oversee the preparation and communication of weekly, monthly and annual financial statements.
• Oversee the preparation and timely filing of all local, state and federal tax returns.
• Oversee the close process, constantly reviewing procedures while eliminating inefficiencies.
• Oversee preparation of monthly, quarterly and annual financial statements.
• Review all closing activities.
• Enhance and implement financial and accounting systems, processes, tools and control systems
• Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.
• Coordinate and strategize methods used to attain team goals.
• Manage cash flow planning process and ensure funds availability.
• Oversee cash, investments and asset management area.
• Explore new investment opportunities and provide recommendations on potential returns and risks.
• Maintain outstanding banking relationships and strategic alliances with vendors and business partners.
• Utilize forward-looking models and activity-based analyses to provide financial insight into the organization’s plans and operating budgets.
• Engage finance committee and/or board of directors to develop short term and long-term plans, projections and budgets.
• Represent company to banks, financial partners, institutions, investors, public auditors and officials.
• Remain current on audit best practices as well as laws regarding company operations.
• Mentor and develop a team of senior managers and/or directors, managing work allocation, systems training, performance evaluations, and the building of an effective and efficient team dynamic.
• Supervise Accounts Receivable management and provide guidance relating to the collection process
Skills and Requirements
• Progressively responsible financial leadership roles
• Communication Proficiency and Personal Effectiveness/Credibility.
• Excellent analytical, reasoning and problem-solving skills
• Significant experience working with external auditors, internal controls and compliance-related issues.
• Strong leadership and organizational skills
• Excellent knowledge of data analysis and forecasting methods
• In depth knowledge of corporate financial law and risk management practices
This opening is closed and is no longer accepting applications