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Chief Financial Officer

  • Job added:   9 April 2010
  • Salary :   US$10500 per month + Housing Allowance, Company Car, Annual Flights & Healthcare
  • Location :   Saudi Arabia
  • Job Type :   Permanent
  • Company :   HCP International
  • Contact :   Ash Kohli
  • Email :
  • Telephone :   +44 (0) 20 8681 1111
  • Website :

My client is a leading business group based in Saudi Arabia; they are looking to recruit an experienced and well qualified CFO to assist them in developing and leading a best in class finance function for one of their automotive operations. The individual will need to be a fully qualified accountant and have previous experience of raising capital. Ideally you should come from an automotive or FMCG background or from a financial institution background.


Planning & Budgeting:

•Develops and consolidates business plans and budgets in collaboration with other business heads.
•Responsible for financial planning and fund liquidity management ensuring capital adequacy and optimal capital structure.
Financial Management, Accounting, & Reporting:

•Responsible for overseeing the operations of the Accounts function and ensuring establishment of adequate internal controls and system.
•Oversees and reviews the consolidated accounting records and financial statements of the company.
•Coordinates with the company's external auditors in finalising the financial statements.
•Reviews budget variances and identifies the reasons for the variances based on discussions with the concerned department heads.
•Establishes standard reporting formats and ensures that they are applied by all the entities
•Directs and ensures the preparation of financial reports, including: Income Statement, Balance Sheet, Statement of Retained Earnings, and Cash Flow Statement, completed by the set deadline.
•Ensures compliance with applicable standards and local/international regulations applicable to the financial statements and related reports.
•Establishes cut-off procedures and dates and communicates them to all department employees in a timely manner.
Treasury and Financial Management:

•Maintains and manages liquidity/working capital to support the day to day business operations, including oversight management of liquidity of subsidiaries.
•Arranges for funds through various sources for meeting the financial requirements of the company's activities in line with the overall corporate policies.
•Ensures compliance with various requirements in connection with financial facilities/borrowings obtained and manages relationships with banks and financial institutions.
Who we're looking for

•A graduate degree or equivalent in accounting or finance or business
•Considerable finance experience gained within a regulated organisation.
•Training with a major public accounting firm would be an advantage.
•Qualified Accountants (ACA, CIMA, ACCA, FCCA, BA/B. Sc. or equivalent) will be preferred for this role.
•Previous experience of working within the Middle East is strongly preferred
•Previous experience in setting up new processes and procedures
•Fluency in English is essential, Arabic highly advantageous
•Able to communicate at all levels
HCP international is a global search consultancy...

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