Finance Director (Arabic Speaking) Finance Director (Arabic Speaking) …

Robert Half International UAE
in Duwādimi, Muqat'ah ash Shamaliyah, Saudi Arabia
Permanent, Full time
Last application, 04 Jul 20
Robert Half International UAE
in Duwādimi, Muqat'ah ash Shamaliyah, Saudi Arabia
Permanent, Full time
Last application, 04 Jul 20
A leading FMCG business is looking to recruit a Finance Director for their Head office in Riyadh.

The Role

The Finance Director will contribute to the ongoing development of strategy, including potential acquisitions, as well as leading relationships with financial institutions and service providers. You will also responsible for organising, maintaining and directing all general accounting activities and functions, including the recording and maintenance of the financial records, financial statement preparation, VAT/tax compliance, payroll processing and audit coordination to ensure that the accounts of the company are prepared and reported in timely and accurate manner. This position is responsible for Board reporting, management reporting, treasury, accounting, costing, tax and budgeting departments.

Principal Duties & Responsibilities:

  • Plans, develops and monitors the Finance & Accounting strategy including mission, vision, goals and action plans, and ensures the strategy complies with the overall company's business strategy.
  • Follows-up the Finance & Accounting Roadmap implementation plan execution and ensures that all projects produce the required solutions with the required standards of quality and within the specified constraints of time and cost.
  • Prepares, reviews and owns overseeing the annual budget after having the appropriate approval from the Board of Directors. He/she coordinates preparation of the budget in cooperation with the top management.
  • Manages expenditures in order to operate within the approved budget guidelines, any deviations being reported to the Board of Directors on a timely basis.
  • Reviews and approves the recommended budget allocation issued by the Finance & Accounting department heads taking into consideration the planned / existing projects and priorities.
  • Reviews and approves the Finance & Accounting policies, procedures, standards and guidelines to be in accordance with the business needs and addresses instances of non-adherence to these policies and procedures.
  • Liaises with other functional / departmental managers so as to understand all necessary aspects and needs of financing.
  • Conducts monthly progress meetings with the Finance & Accounting department heads to discuss progress and status and identify issues, obstacles and potential risks related to each department.
  • Conducts monthly progress meetings with the top management and all department heads to discuss results progress vs. budget, identify gaps and major corrections needed if any.
  • Remains vigilant for opportunities to improve the business in the context of a Continuous Improvement mind set.
  • Ensures effective departmental performance through the selection, development, deployment and motivation of competent staff.
  • Manages the preparation of monthly, quarterly and year-end financial reports relating to profit & loss, balance sheet, cash flow, aging analysis for inventory and reconciled inter-company statement of accounts.
  • Provides accurate, comprehensive and timely information regarding the financial status of the company through the utilization of effective accounting concepts, principles and procedures.
  • Coordinates annual audit with internal and external auditors by coordinating provision of information required, clarifications required, etc. to ensure that the year-end audit package is accurate and complete.
  • Supervises the periodic reviews of the chart of accounts. Studies and recommends changes to the chart of accounts if deemed necessary.
  • Develops and maintains sound internal control procedures, and implements an efficient and timely reporting system.
  • Plans and directs activities related to the development, consolidation and implementation of corporate and business departments annual budgets for timely presentation to the executive committee.
  • Guides accounting in cash flow management to ensure that all payments to corporate employees, suppliers, banks and contractors are made on time.
  • Ensures proper planning and management of the company's short-term disbursements and long term cash flow requirements and keeps top management informed about the availability of funds currency rates and fluctuation in currency, etc.
  • Advices top management on capital structure options for the company and business departments in order to achieve the lowest cost of capital.

The Candidate

Due you travel restrictions you must already be based in Saudi Arabia and possess a transferable Iqama.

  • 15+ years of PQE experience including at least 3 in the role of leading a finance function. Middle East experience highly desirable
  • Previous experience of FMCG/Retail/Food would be desirable
  • Highly commercial with regard to optimising sales, minimizing costs and balancing risks
  • Demonstrable success building and developing finance functions
  • Successful implementation of an ERP system (Microsoft Dynamics desirable)
  • Successful track record in M&A
  • Accountancy qualification from internationally recognised body

The Company

A leading FMCG business is looking to recruit a Finance Director for their Head office in Riyadh.

Salary and Benefits

Up to 60,000aed per month DOE plus Bonus, Medical & Flights