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Chief Financial Officer

ACCEL HUMAN RESOURCE CONSULTANTS · Al Khobar, Eastern, Saudi Arabia

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Key Responsibilities A. Financial Strategy and PlanningDevelop and implement the company's financial strategy in alignment with its investment objectives and business plans.Lead annual budgeting, financial forecasting, cash flow planning, and long-term financial projections.Provide financial analysis and recommendations to the Executive Directors and Chairman to support strategic decisions.Monitor financial performance against budgets, forecasts, and agreed business objectives.Evaluate the financial implications of new investments, business initiatives, and strategic opportunities.B. Financial Reporting and Performance ManagementOversee the preparation of accurate and timely monthly, quarterly, and annual financial reports.Present financial performance, key financial indicators, budget variances, and management insights to the Executive Directors and Chairman.Ensure the integrity and consistency of financial statements and management accounts.Establish appropriate financial reporting processes and dashboards to support senior management and Board-level decision-making.Coordinate the preparation of annual financial statements and external audit requirements.C. Investment and Portfolio Financial OversightSupport the assessment of investment opportunities through financial modelling, valuation analysis, due diligence, and scenario planning.Monitor the financial performance of investments and portfolio companies, where applicable.Evaluate investment returns, capital allocation, liquidity requirements, and financial exposure.Provide financial analysis on investment proposals, divestments, and other capital deployment decisions.Monitor portfolio performance against approved investment assumptions and financial objectives.D. Treasury, Cash Flow and Capital ManagementOversee cash management, liquidity planning, banking relationships, and payment controls.Ensure sufficient liquidity to meet operational commitments and investment funding requirements.Monitor cash balances, capital commitments, financial obligations, and funding requirements.Develop appropriate controls over bank accounts, payments, financial authorizations, and expenditure.Optimize the company's working capital and use of available financial resources.E. Governance, Risk and Regulatory ComplianceEnsure compliance with applicable Saudi financial reporting, tax, zakat, VAT, and other statutory requirements, as relevant to the company.Maintain appropriate financial policies, procedures, internal controls, and delegated authority frameworks.Coordinate with external auditors, tax and zakat advisers, banks, and other professional advisers.Identify and manage financial, operational, liquidity, and investment-related risks.Support compliance with applicable Capital Market Authority (CMA) requirements where relevant to the company's licensing, activities, and regulatory status.Maintain appropriate documentation and audit trails for financial transactions and investment decisions.F. Leadership and Stakeholder ManagementLead, supervise, and develop a finance team of two direct reports, ensuring clear responsibilities and accountability.Establish efficient finance processes appropriate to a lean organization of approximately 20 employees.Work closely with the Executive Directors and Chairman on financial priorities, reporting, and strategic initiatives.Coordinate with internal stakeholders and external service providers to ensure efficient financial operations.Promote a culture of financial discipline, transparency, confidentiality, and accountability.2. Qualifications and ExperienceBachelor's degree in Finance, Accounting, Economics, or a related discipline.Professional qualification such as CPA, ACCA, CA, or CMA is strongly preferred.MBA or postgraduate qualification in Finance is an advantage.10–15 years of relevant professional experience in finance, accounting, financial planning, or financial management.At least 5–6 years of professional experience in Saudi Arabia, with a strong understanding of the local business and regulatory environment.Proven experience in a senior finance leadership role, preferably as CFO, Finance Director, Financial Controller, or Head of Finance.Experience in an investment company, investment holding company, private equity firm, family office, asset management business, or a similar financial environment is highly desirable.Demonstrated experience in financial reporting, budgeting, cash flow management, financial controls, and statutory compliance.Experience working directly with senior executives, Board members, shareholders, or a Chairman.3.Required Skills and CompetenciesStrategic and commercial acumen: Ability to translate financial information into practical business and investment recommendations.Strong financial expertise: Solid knowledge of financial statements, financial modelling, budgeting, forecasting, and investment analysis.Saudi regulatory knowledge: Familiarity with Saudi tax, zakat, VAT, financial reporting, and relevant regulatory requirements.Leadership capability: Ability to lead a small team while remaining closely involved in operational finance matters.Communication and stakeholder management: Confidence in presenting financial matters clearly to Executive Directors and the Chairman.Risk management and governance: Strong understanding of internal controls, financial risk, and corporate governance.Integrity and discretion: Ability to handle sensitive financial, investment, and shareholder information with the highest level of confidentiality.Problem-solving and decision-making: Ability to work independently, exercise sound judgment, and operate effectively in a lean organization.Systems and process improvement: Proficiency in financial systems, ERP platforms, and advanced Excel; experience with business intelligence tools is an advantage.