Head of Finance
3 weeks ago
Establish and execute programs for provision of capital required by KSA business both fund based and non-fund based facilities and assess the working capital requirements for long term.
- To establish and maintain lines of communications with bankers and other financial institutions.
- Initiate the KSA budgeting process every year and ensure timely accurate budget preparation, Working closely with the project team, functional departments for KSA and finalization of budget and performance variances.
- Consolidate and prepare the KSA budget and KSA MIS monthly and quarterly in a timely and accurate manner. Pull together an integrated view of KSA region performance.
- Support the Country Head KSA in business planning and strategic decisions making for new projects and major business development initiatives.
- For business operations understand the key contracts profitability and help the KSA country management to develop and refine the project cost and set up a system to forecast the cost to complete the projects accurately.
- Ensure that performance improvement / cost control initiative coming out of KSA business reviews and project operations are implemented on time and yield the necessary business impact.
- Participate in accounts finalization, represent KSA business in statutory audits.
- Ensure timely and accurate KSA level cash forecasting and making necessary arrangements for covering shortfall and making resource planning for meeting the business needs.
- Working closely with the marketing and the business development team of KSA to set up credit standards / terms for receivables, collection plan and targets, setting working capital targets based on cash flow requirement of the project and country.
- Ensure integrity and control a continuous improvement across F&A processes, ensure processes are executed.
- Drive the internal audit observations and drive the implementation of corrective / preventive measures within the company and country.
**Academic Qualifications**:
Chartered Accountant with 20 to 25 years experience of working in large Construction Company with relevant experience as a CFO and with experience of working in Middle East Countries.
**Technical Skills**:
Fundraising ability in overseas environment and strategic orientation towards business. Understanding of Local/International Accounting Systems and Procedures. Ability to conduct a Business Audit.
Ability to create a Financial Risk Assessment for a business and be able to mitigate them through a Plan.
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