House of Engineering
Riyadh, Saudi Arabia
04 Mar 2019
04 Mar 2019
Job role
Strategy, Planning and Management

· Act as Chief Financial Officer and strategic business partner to senior executive leadership team.

· Assess and evaluate financial performance of organization with regard to 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, CEO, 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.

· Recruit, interview and hire finance, accounting and payroll staff as required.

· 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.

Financial Analysis, Budgeting and Forecasting

· Prepare and present monthly financial budgeting reports including monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division.

· 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.

· Participate in weekly conference calls with Lenders, Vendors and Executive Leadership Team.

Accounting, General Ledger, Administration and Operations

· 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.

· Review and ensure application of appropriate internal controls, compliance and financial procedures.

· Ensure timeliness and accuracy of financial and management reporting data for government funders, foundations, investors and company’s board of directors.

· 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.

· Work with Human Resources to ensure appropriate legal compliance.

· Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies.

· Oversee preparation of monthly, quarterly and annual financial statements.

· Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation.

· Enhance and implement financial and accounting systems, processes, tools and control systems

· Hire, develop and manage accounting directors, managers and staff

· 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 with Chief Accounting Officer and Regional Controllers.

Financial Management

· 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.

Financial Relations and Policies

· 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 state, federal and local laws regarding company operations.

Finance and Accounting Team Management

· Mentor and develop a team of 8 senior accountants and/or directors, managing work allocation, systems training, performance evaluations, and the building of an effective and efficient team dynamic.

· Guide larger, cross-divisional teams outside of direct span of control within the three main company divisions.

Cash Management

· Oversee weekly cash management and AP Department, approve large payables, sign checks, authorize large wires and ACHs

· Supervise Accounts Receivable management and provide guidance relating to the collection process

Chief Financial Officer (CFO) – Position Requirements

· Bachelor Degree in Accounting or Finance

· CPA Required

· Arabic language speaking only should be intermediate and English language provisionally reading and writing .

· Background in in the field of construction and operation and maintenance companies in Saudi Arabia for a-minimum of 6-8 years , is a must with a value of projects not less than $200 millions+

· Total years of experience should not be less than 10-15 years of experience in accounting or finance experience

· Background coordinating with I.T. staff to manage and/or upgrade accounting system. Systems implementation experience strongly preferred.

· “Hands On” ERP Systems Experience – SAP, JD Edwards or PeopleSoft experience preferred

· Outstanding communication and presentation skills.

· Demonstrated leadership ability, confidence and executive presence – ability to motivate staff.

· Excellent analytical, reasoning and problem-solving skills

· Significant experience working with external auditors, internal controls and compliance-related issues.


Dr Saad