Chief Financial Officer

Purpose of the Role:Manage the finance function end-to-end for a growing SME that delivers IT infrastructure projects (focus on IFRS 15, %-of-completion)and software products (focus on IAS 38 development capitalization). The role balances hands-on accounting leadership with business partnering—tight month-end closes, strong cash discipline, clean audits, and disciplined budgeting/forecasting—while building fit-for-purpose controls, policies, and scalable processes for growth.Duties/Responsibilities:Financial Reporting & Month-End CloseLead timely monthly, quarterly, and annual closes; prepare management packs (P&L, BS, CF, dashboards) with analysis and commentary.Maintain a robust chart of accounts and ensure reconciliations (banks, AR/AP, accruals, prepaids, intercompany) are current and accurate.Coordinate annual financial statements under IFRS, working with external auditors.Project Accounting & Revenue Recognition (IFRS 15)Improve and streamline %-of-completion frameworks for IT infrastructure projects (input/output methods, cost-to-complete, WIP/contract assets & liabilities).Work with Delivery/PMO on Scope of Works, milestones, change orders, and evidence for revenue recognition.Monitor project margins, variances, contingencies, and EACs (estimates at completion); surface early warnings and recommend corrections.Software Products & Intangibles (IAS 38)Define capitalization policy for development costs (criteria, time capture, gates, documentation).Track intangible assets: capitalization, amortization schedules, and impairment triggers.Align with Product/Engineering on roadmaps, releases, and cost attribution.Budgeting, Forecasting & FP&ARun the annual budget process; manage rolling forecasts (12–18 months).Build driver-based models for revenue (pipeline, conversion, unit economics), OPEX, CAPEX, and headcount.Partner with business leaders to monitor performance vs. plan; recommend corrective actions.Cash, Treasury & Working CapitalOwn cash forecasting (13-week/ ~ 1 Quarter and longer-term); optimize DSO/DPO/Inventory (if any) and the cash conversion cycle.Oversee collections, billing accuracy (including progress billing for projects and software licenses/subscriptions), and vendor terms.Managing cash flows and developing financing and borrowing plans and managing relationships with banks and financial institutions (e.g., letters of guarantee/ credit)Managing and improving the cash conversion cycle.Controls, Policies & GovernanceEstablish practical policies for an SME: delegation of authority, procure-to-pay, order-to-cash, Travel expenses, and petty cash.Implement preventive/detective controls; enforce segregation of duties (right-sized for a small team).Drive continuous improvement and document processes.Tax, Zakat & Regulatory Compliance (KSA)Ensure compliance with ZATCA (VAT/e-invoicing), Zakat/Corporate Income Tax (as applicable), and WHT on cross-border payments.Coordinate filings and respond to queries/audits with external advisors.Systems, Data & ToolingAdminister the ERP/accounting system (currently using Odoo) with project accounting modules.Automate and streamline repetitive tasks.Commercial PartneringSupport pricing, bids, and contract reviews (payment terms, penalties, performance guarantees).Evaluate project profitability, product ROI, and customer-level economics.Team Leadership & Outsourced PartnersCoach a small team; manage external accountants, tax advisors, and auditors.Create a simple training and cross-coverage plan to reduce key-person risk.QualificationsBachelor's degree in Finance, Accounting, or related.8+ years of experience in a similar field working on project-based accounting (IT infrastructure, construction, or engineering) and/ or software products; prior experience in auditing is a plus but not required.SOCPA, IFRS Certification, or CPA/ CMA preferred but not mandatory.English and Arabic proficiency, both written and spoken.