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Director – Financial

2 weeks ago

Riyadh, Ar Riyāḑ, Saudi Arabia Norconsult Telematics Full time 120,000 - 180,000 per year

Position Objective:

  • Lead the financial planning, budgeting, and contract management activities within the Operations Sector.
  • Ensure effective allocation, utilization, and control of operational budgets.
  • Oversee the development and execution of contracts, ensuring compliance with financial and operational policies.
  • Monitor vendor and contractor performance to ensure adherence to agreed terms, budgets, and timelines.
  • Develop and implement strategies to enhance financial efficiency and optimize resource utilization.
  • Conduct financial analysis and risk assessments to support decision-making and improve performance outcomes.
  • Ensure timely and accurate financial reporting, cost control, and accountability across operations.
  • Build and maintain strong relationships with internal stakeholders and external vendors for effective coordination.
  • Provide leadership and direction to the Financial & Contract Management team to achieve departmental and organizational goals.
  • Drive continuous improvement initiatives to strengthen financial governance and contract management practices.

Job Description & Responsibilities:

  • Develop and implement financial and contract management strategies aligned with operational and organizational objectives.
  • Provide direction and leadership to the Financial & Contract Management Department to ensure high performance and continuous improvement.
  • Contribute to operational planning, driving efficiency, transparency, and accountability across all financial and contractual activities.
  • Lead preparation, management, and monitoring of budgets for the Operations Sector.
  • Coordinate with finance teams to secure approvals, track utilization, and ensure adherence to budgetary controls.
  • Review budget variances, financial forecasts, and performance reports; recommend corrective actions to meet financial targets.
  • Ensure cost allocation and reporting processes comply with established accounting standards and internal policies.
  • Conduct financial performance analysis, P&L reviews, and cost optimization assessments.
  • Identify financial risks within operations and propose mitigation strategies.
  • Develop financial models and reports to support strategic decisions and operational planning.
  • Oversee drafting, evaluation, and execution of all operational contracts, ensuring compliance with policies and regulations.
  • Ensure contracts are technically and financially sound, reflecting agreed terms and service levels.
  • Coordinate with procurement and legal teams on negotiations, contract renewals, and dispute resolutions.
  • Supervise vendor selection, evaluation, and performance monitoring to ensure quality and cost-effectiveness.
  • Maintain strong relationships with suppliers and contractors to achieve service excellence.
  • Approve payments, manage financial penalties, and oversee contract closures in alignment with agreed deliverables.
  • Ensure accurate documentation and timely reporting of all financial and contractual data.
  • Provide periodic financial and operational expenditure reports to management.
  • Support data-driven decision-making by maintaining up-to-date records and performance dashboards.
  • Review existing systems and processes to identify improvement opportunities.
  • Implement new tools or practices to enhance financial efficiency and control.
  • Promote knowledge sharing and training initiatives to strengthen team capability.
  • Define team objectives, KPIs, and development plans aligned with departmental goals.
  • Manage recruitment, performance appraisals, and employee engagement activities.
  • Coach, mentor, and motivate staff to foster accountability, growth, and collaboration.
  • Ensure full compliance with internal policies, audit requirements, and financial governance standards.
  • Maintain integrity and transparency across all financial and contract management operations.
  • Collaborate with internal teams (Finance, Procurement, Operations) for budget control, vendor evaluation, and performance reviews.
  • Liaise with external vendors and contractors to monitor execution and resolve operational issues.

Qualifications & Experience:

  • Bachelor's/Master's degree in Engineering, Business Administration, or an equivalent field is required.
  • Certification in Advanced Financial Planning and Management (CFA) or any other equivalent financial certification. Additional training in Contract Management, Procurement, or Risk Management is an advantage.
  • Minimum of 12+ years of relevant experience, with at least 5–6 years in a leadership or managerial role.
  • Proven experience in budgeting, financial planning, and contract management within a large or complex organization.
  • Demonstrated expertise in financial control, cost analysis, and budget optimization
  • Strong background in vendor and contract management, including drafting, evaluation, and negotiation.
  • Experience coordinating with multiple internal and external stakeholders to ensure compliance and operational efficiency.
  • Strong analytical, organizational, and problem-solving skills.
  • Excellent planning, budgeting, and negotiation capabilities.
  • Solid understanding of financial modeling, risk assessment, and cost allocation methodologies.
  • Ability to manage multiple projects and priorities in a fast-paced environment.
  • Proficiency in financial management systems and Microsoft Office Suite (Excel, PowerPoint, Word).
  • Bilingual proficiency in English and Arabic (written and spoken) is required