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Our client is a multinational petrochemicals company covering the gulf. They have an excellent reputation in this industry with an exciting and dynamic growth plan for 2011.
We are looking for an experienced CFO to be based in Tax Free Saudi Arabia.
OVERVIEW OF ROLE
The CFO will plan and manage overall financial flows and resources of the company, to ensure long term viability and develop capabilities, to analyze and produce statutory reports and budgeting as well as cost information.
KEY RESPONSIBILITIES
• Lead the company thinking around finance and control, working very closely with the company controller, treasurer and corporate planning department, to develop the financial and corporate strategies of the group.
• Ensure strong relation with financial community and compliance to supervisory authority.
• Lead the design of the optimum capital structure and financial strategy for the company, keeping in mind both current-business capital expansion, investment in new businesses / outside acquisitions, asset divestment, and short-term cash optimization.
• Provide the necessary input and advice to the CEO and the Board in terms of the company’s overall financing strategy.
• Ensure that Corporate Finance strategies and policies (including treasury, finance, risk management and controlling) are designed and then implemented across the company and new ventures.
• Ensure the performance management process across the Company is complete and thoroughly followed. Ensure accountability across all levels within the business. Work with all business units heads to link the business performance management process to that of individual performance management (appraisals) across all staff and senior management levels.
• Define various corporate financial policies and procedures.
• Lead the management of change projects in financial areas providing skills necessary to maintain an emphasis on continuous improvement.
• Work across the Company to achieve the effective integration of various finance programs, and develop an external network of professional/ technical contacts to maintain an up-to-date knowledge of finance and financial planning.
• Ensure to stream line corporate strategy and keep track of its business strategic objectives.
• Work closely with the CEO, advising and analyzing the company business units as a portfolio of investments and making proposals on capital allocation decisions.
• Internally, need to have a close working relationship with all functions.
• Externally, need to have and/or develop a close working relationship with external auditors, major investors, banks and multilateral agencies in the main regions where the company’s operations are located.
• Comply with policies set by the CEO.
• Ensure that the Company gets value for money from its business activities, secures the adequate resources for its operations and closely manages the performance of its business units.
• Establish and monitor the annual budget, capital expenditure projections and investments.
ESSENTIAL REQUIREMENTS
• Bachelor Degree in Accounts.
• Additional post graduate qualifications i.e. CPA/CMA/CFA is preferred.
• Minimum 10 years of experience in a range of senior finance management or corporate finance roles covering financial management in an industrial environment.
• Experience in the manufacturing industry, preferably within the petrochemical field, with knowledge of mergers and acquisitions.
BENEFITS
• Salary will depend on experience levels
• Up to 45K SAR per month ($145K USD per annum) as basic salary competitive benefits
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