Chief Financial Officer

Chief Financial Officer CFO

The Chief Financial Officer (CFO) is a senior executive responsible for managing the financial actions of a company, overseeing financial planning, risk management, and ensuring the accuracy of financial reporting.

Main Duties & Responsibilities

• Develop systems and procedures to ensure the efficient and effective management of the company’s finances and compliance with statutory requirements.
• Direct and control Finance staff to ensure that they are appropriately motivated and trained and carry out their responsibilities to the required standards.
• Produce accurate and timely financial information about the company’s financial status and performance to enable decisions to be taken relating to the company’s financial strength and security.
• Produce all necessary statements and reports to enable the accurate measurement of cash flow, profit and loss, assets & liabilities.
• Develop and monitor all necessary controls to ensure that the company complies with statutory requirements.
• Act as the main point of contact with external auditors and provide them with all required information.
• Act as the main point of contact with General Authority Zakat & Tax and provide them with all required information.
• Ensure timely submission of relevant periodic VAT & Zakat returns
• Carry out any necessary internal audit reviews and monitor the financial effectiveness of systems and controls.
• Recommend any changes necessary to improve the company’s financial performance and financial controls.
• Keep up to date with any developments in financial management which might affect how the company’s finances are managed or its statutory obligations.
• Managing the financial forecasting and budgeting process
• Manage all accounting operations including Billing, A/R, A/P, GL and Counsel, Cost Accounting, Inventory Accounting and Revenue Recognition
• Support month-end and year-end close process
• Ensure quality control over financial transactions and financial reporting.
• Coordinating and directing the preparation of the budget and financial forecasts and report variances
• Preparing and publishing timely monthly financial statements.
• High-level financial reporting and analysis
• Regular budget consolidation
• Cash flow management.
• Pricing and costing for projects and bid proposals.
• Provide support to relevant departments within the organisation including Human Resources, Bid Management and Business Development with issues relating to finances.
• Capital Financing - including Government Grants and Private Banking.

Job Requirements:

• Proven working experience as a CFO, Financial Controller and/or Finance Manager
• 15 - 20 years of overall combined accounting and finance experience
• Degree in Accounting and Finance
• Chartered Accountancy Membership/ Professional qualifications - CMA/CPA/ACCA/ICAEW
• Thorough knowledge of accounting principles and procedures
• Soft Skills: Strong communication, problem-solving, analytical thinking, and time management skills
• Experience with financial statements
• Experience with general ledger functions and the month-end/year end close process
• Familiarity with modern ERP systems such as ODOO, SAP, Oracle, or Microsoft Dynamics
• Experience in raising capital through private banks loan facilities and/or government grants.
• Experience in organisation cash-flow management
• Language Requirement: Proficiency in Arabic and English (written and spoken)