Job Openings >> Chief Financial Officer
Chief Financial Officer
Summary
Title:Chief Financial Officer
ID:1979
Department:Finance
Location :Riyadh
Nationality :Saudi Arabia
Industry:Management Consulting
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
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