Chief Financial Officer

2 weeks ago

Hofuf, Saudi Arabia Apple Human Resource Services Full time

**CFO Required For Saudi Arabia**

**Job Purpose**:
The Chief Financial Officer position is accountable for the administrative, financial, and risk management operations of the company, including the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.

**Strategy, Planning and Management**
- Participate in ongoing strategic planning with the leadership team. Assist with due diligence and create projections with different scenarios on growth opportunities as needed.
- Assess and evaluate the financial performance of the organization with regard to long-term operational goals, budgets, and forecasts.
- Provide insight and recommendations for both short-term and long-term growth plans of the organization, subsidiaries, and sister companies.
- Evaluate departments and make suggestions for automating processes and increasing working efficiency
- Communicate, engage, and interact with the board of directors, the CEO, and other executives.
- The preparation of the yearly financial statements, including footnotes, is one of the primary responsibilities, along with all major audit schedules.
- Select and engage consultants, auditors, and investors.
- Monitors the company’s internal control environment to ensure compliance.
- Recruiting, training, supervising, and evaluating department staff.
- Participate in pivotal decisions as they relate to strategic initiatives and operational models.
- Serve as an active member of the Executive Committee and any other committee formed as recommended by the CEO
- Interact with and bring the department into line with the Board of Directors’ plans, initiatives and recommendations
- Implement and recommend modifications to policies, procedures, and processes related to financial accounts and other associated matters.
- Remain current on audit best practices as well as local laws regarding company operations.

**Financial Analysis, Budgeting and Forecasting**

Preparation of monthly financial reporting package to include a balance sheet, income statement,

Work in process, job costing schedules, variance to budget, cash flow forecast, break-even analysis, and backlog. - Prepare and analyze monthly financial results and provide recommendations.
- Develop and maintain a monthly operating budget and an annual company operating budget.
- Identify, develop and execute analysis/feasibility of business initiatives and/ or new service offerings
- Review and recommend adjustments to construction contracts with clients and vendors.
- Reviews the organization’s benefit offerings and advises management on recommendations for changes (in coordination with HR).

**Accounting, General Ledger, Administration and Operations**
- Oversee the timely and accurate preparation of accounts receivable and accounts payable to ensure timely settlements based on the cash flow of the organization, keeping relevant contract terms in mind.
- Enhance and implement financial and accounting systems, processes, tools and control systems
- Oversee the preparation and communication of weekly, monthly, and annual financial statements.
- Monitors, controls, and ensure compliance with Zakat and all tax-related procedures and requirements
- Maintain accurate records based on a percentage of completed construction contracts and ensure revenue is recognized properly. - Oversight of project accounting to ensure the accuracy of cost ledgers
- Monitors the capital expenditures and asset deployment activities and allocation of costs associated with these expenditures.
- Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies
- Serve as a key point of contact for external auditors; manage the preparation and support of all external audits. - Work with Human Resources to ensure appropriate legal compliance.

**Financial Management**
- Manage the cash flow planning process and ensure fund availability.
- Oversee the cash, investments, and asset management areas.
- 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. - Assist in the preparation of internal variance reports to track budget vs. actual on each construction project. - Standardize procedures around monitoring construction project forecasting, tracking buyouts, contingency usage, subcontracts, and delay days in coordination with relevant departments.

**Qualifications**:
1. A bachelor’s degree in accounting, finance, or a related field.

2. CPA required.

**Experience**: 1.

15+ years total experience in accounting or finance experience.

2. 5+ years in the construc

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