Finance Director

About MEMF Electrical Industries Co.

MEMF Electrical Industries Co. is the industrial arm of KFB Holding Group, supporting Saudi Arabia's power infrastructure with locally engineered and high-quality electrical products.

We operate advanced manufacturing facilities in Riyadh, producing a wide range of solutions for utility and industrial customers, including:

• Smart energy meters
• LV & MV instrument transformers
• LV & MV switchgear solutions (up to 36 kV)
• Distribution & power transformers (up to 10 MVA)

Our products are internationally type-tested and backed by strong engineering expertise and certified quality systems (ISO 9001 & ISO 45001).

Key Responsibilities:

• Provide direction and guidance to finance and accounting function.
• Ensure the practice of accounting standards and other legal and compliance features applicable for accounting and finance domain.
• Resolve conflicts or issues that arise with the financial interest across the functions of the company.
• Contribute for the system development, improvement or changes required from time to time to get optimum solution to achieve the objectives and goals.
• Adhere to the recommendations of internal audit, external audit and management policies and procedures.
• Support the Group finance to implement the advises, guidance and recommendations for the BUs.
• Jointly approve of all the documents as per the authority matrix like payment vouchers, LC openings and POs for the efficient operations of central treasury in HO.
• Evaluation of MIS report prepared by the accounting section and ensure its fairness and reporting any variances by collecting information from respective areas of operations.
• Control the activities of statutory audit, internal audit, local content audit and SIDF audit for the information requested and provided.
• Provide any information needed by other stakeholders of the company from finance and accounting as and when requested.

Qualifications:

• Bachelor's degree in Accounting, Finance, or equivalent.
• 10-15 Years of hands on experience in Finance.
• Expertise in preparing and reviewing MIS reports, financial statements, and variance analyses.
• Experience handling statutory, internal, local content, and SIDF audits.
• Proficiency in financial ERP systems (e.g. Microsoft Dynamics 365).
• Understanding of SOCPA, IFRS, ZATCA regulations (VAT, Zakat, Withholding Tax).
• Hands on experience preparing budgets and financial forecasts.
• Ability to guide, mentor, and supervise finance and accounting teams effectively.
• Capable of resolving cross functional financial conflicts and system/process inefficiencies.
• Ability to manage deadlines for audits, reporting, approvals, and stakeholder requests.
• Commitment to ethical standards and secure handling of sensitive financial data.
• CPA, CA, CMA, ACCA or other equivalent.

Seniority level

• Mid Senior level

Employment type

• Full time

Job function

• Finance

Industries

• Appliances, Electrical, and Electronics Manufacturing