Chief Financial Officer CFO

5 days ago

Riyadh, Ar Riyāḑ, Saudi Arabia Saudi Petroleum Services Polytechnic Full time
  • Bachelor's degree in accounting or equivalent; MBA is a plus.
  • CPA / CA / ACCA / CFA Certified.
  • 15+ years of progressive financial experience with the past 5 to 7 years in a very senior finance role.
  • Fluency in English Language. Arabic is an advantage.
  • Ability to function as a strong member of an initiative-taking and integrated management team.
  • Ability to build teams, manage and influence people, processes, and customer relationships concurrently.
  • Strong Knowledge of Financial management & Management Accounting.
  • Strong working knowledge of cost accounting, budgeting, and reporting.

Main Duties & Responsibilities

  1. Implement policies and procedures for the finance department of the company.
  2. Effectively manage all finance and accounting activities of the company.
  3. Ensure the accurate and timely closing of accounts and submit management information reports (MIS) to Parent company by 7th of following month.
  4. Present Financial Report to Board of Directors on quarterly basis.
  5. Lead the system implementations and produce Dashboard & Financial reports through systems.
  6. Ensure compliance with KSA laws and regulations in all processes.
  7. Review framing budgeting guidelines and provide input to department head in the development of company`s budgets.
  8. Assist business heads with input and advice in respect of all finance and accounts related matters.
  9. Coordinate with external auditors and ensure appropriate support for smooth conduct of external audits.
  10. Initiate new measures from time to time to monitor and control costs and ensure effectiveness of financial policies, procedures and internal controls.
  11. Ensure that department staff are professionally trained and equipped to manage effectively all responsibilities assigned to them.
  12. Ensure that all transactions comply with financial policies and procedures to prevent any negative financial impact on the organization.
  13. Ensure all invoices provided by vendors and expense claims raised by employees are legitimate, supported by original documents and accurate, including all procedures related to human resources processes.
  14. Identify gaps in the existing processes and suggest measures for re-engineering the same for enhanced effectiveness.
  15. Ensure timely payment to external parties like vendors and dealers to avoid future financial complications.
  16. Liaise with internal as well as external customers with regards to the accounting administration and provide reports and information as required.
  17. Ensure implementation of any action points raised by auditors during internal and external audits.
  18. Review, submit and approve costing and budgetary variance reports to enable effective management decision making.
  19. Review and approve monthly payroll submitted by Human Resources before disbursement of funds.
  20. Perform any other task given by the Board of Aldenham.

People Management

  1. Generate a vision, establish direction, motivate people to focus efforts, and build commitment toward achieving business goals.
  2. Oversee the Finance Department team and ensure team effectiveness by monitoring team activities.
  3. Monitor performance and training needs of subordinates to maximize their performance to achieve functional objectives.
  4. Motivate, inspire, and reward others and proactively address conflicts.
  5. Be recognized as a highly effective developer of people by being available to coach, mentor and develop others.

Building and Sustaining Relations

  1. Ensure good relations are established with all stakeholders including suppliers and vendors and develop deep working relationships at the highest level of the organization.
  2. Establish effective public relations within the community and enhance the name and reputation of Aldenham.
  3. Leverage appropriate resources to develop and sustain business relationships and respond to business and client needs.
  4. Participate in professional, business, or community organizations, conferences cultivating broad network of contacts, promoting a positive image of Aldenham while adhering to risk and quality standards.

Teamwork & Collaboration

  1. Develop internal capabilities of the respective team members through the provision of necessary workshops and knowledge transfer.
  2. Demonstrate awareness of workloads, offer help to team members and take on additional tasks when appropriate.
  3. Contribute to team discussion to share knowledge and offer ideas and solutions that can benefit the school.

Skills

Strategy & Planning

  1. Provide active support in developing and implementing organizational strategies by contributing financial & accounting information, analysis, recommendations and provide financial advice on business strategies.
  2. Prepare an in-house business plan for Aldenham.
  3. Prepare feasibilities for new projects and prepare business valuation for any opportunities.
  4. Formulate tuition fee and discount structure for the year.
  5. Contribute to the establishment of the work culture to attract and retain top performers.
  6. Recommend necessary enhancements pertaining to process and technology in line with leading practices and latest trends.
  7. Lead the budget planning activity for Aldenham and set the Department budget, ensuring that adequate provision is made for all activities, monitor and control expenditure against approved budget and reconcile budget variances to ensure on-target performance against budgets.
  8. Review the policies & procedures of the Finance Department in line with the leading practices and relevant rules and regulations.
  9. Prepare budget of complex projects, ensuring that they are delivered within requested time and budget.
  10. Compile and analyze financial information from both a government and corporate perspective.
  11. Provide efficient cash forecast to ensure liquidity of the company operations.
  12. Develop and review the respective Finance strategies and plans in line with Aldenham overall strategy and objectives.
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