Head of Finance & Shared Services #Jeddah
As part of the leadership team the role is to ensure that the finance function across within KSA operates to the highest professional standards in accordance with both international accounting standards, group policies and local country specific reporting requirements including taxation. To provide financial, commercial and strategic support to the International and local country senior management teams. Integration and training of new finance team members. Ensure all information requested from the parent company are complied with and submitted within the deadlines provided. Ensure financial systems are developed and maximized to drive compliance and governance.
Implement and maintain effective financial controls within the business across the country and ensure that the financial accounting functions operates to the highest standards and are compliant with international reporting standards, local reporting requirements and group policies. Responsible for the timely completion of the annual audit and Zakat requirements. Delivering accurate monthly financial reporting with appropriate analysis and commentary. Ensure all financial and Zakat audits are completed on time with no audit points.
The job-holder keeps internal controls under review and ensures that they are adapted when necessary to meet the changing business requirements and that all transactions are properly validated and authorised in accordance with Group Policies. Ensure risk limitation and financial reporting integrity within the business.
System and process Development
The job-holder constantly reviews new and existing systems and procedures to identify potential weaknesses and areas for improvement. Ensure control and consistency of reporting across all business operations and geographies.
Management Information and Budget
Provide timely and accurate management information to all stakeholders. Analyse and develop management information to ensure all critical areas of the business are highlighted. Ensure consistency in reporting and basis of calculation across all businesses. Provide accurate timely and effective framework for all forecast and business planning requirements, including sensitivity analysis.
The job-holder implements an effective system of funding management that ensures optimum utilisation of the available funds. The job holder keeps abreast of development of treasury management products and hedging strategies (in accordance with Group Policies) to safeguard the operations from adverse effects. The job holder monitors and effectively manages the working capital requirements of the company particularly in relation to inventories, debtors and borrowings. Ensure cash flows are always kept upto date and are monitored closely.
The Job-holder actively contributes in the formulation of company’s commercial practice, policies and highlighting the financial implications of proposals under consideration. Provides financial appraisal and analysis to support the decision-making process.
Human Resources Development
The job-holder provides effective leadership to a culturally diverse team of professional staff. Responsible for the selection of competent staff and their on-going motivation. Ensures sufficient manpower resources are in place, and leads staff training and development. Ensures a strong, stable organisation through effective job-rotation and succession planning.
10 years post qualification experience in a leading large multinational commercial business. Business Turnaround, ability to manage multiple priorities under pressure. Multiple brand experience. Experience of ensuring financial control and governance across a large country with some remote branches.
Implementation of standard operating procedures.
Internationally recognised chartered accountancy qualification. Currently working for a large multinational.
Financial Control, Financial Management & Reporting, Business Analysis, Treasury Management, Investment appraisal, Business turnarounds.
Financials leadership, Team leadership, strong control, reporting and interpersonal skills.
Strong and resilient.
Ability to lead and drive change through the organization.
Ability to work in a fast-paced environment with rapidly changing business priorities.
Training and integration of finance teams.