Share this vacancy via:

1867 - Finance Director

Company: Sawafi
Job Family: Finance
City: KSA - Khobar
Department: Finance
Closing Date: 30-Jun-2023
Finance Director:
The Finance Director is the senior leadership role responsible for overseeing and managing all financial aspects of the organization. The Finance Director will collaborate with cross-functional teams, stakeholders, and executives to ensure financial stability, optimize resources, and achieve financial objectives. This position plays a critical role in financial planning, analysis, and reporting, as well as providing strategic financial guidance to support decision-making and drive business growth. 
Roles and Responsibilities:

Roles and Responsibilities:

Financial Planning and Analysis:

  • Develop and implement financial planning processes, including budgeting, forecasting, and financial modeling, to support the organization's strategic goals and objectives.
  • Analyze financial data, identify trends, and provide insights to support decision-making and drive operational efficiencies.
  • Conduct variance analysis to evaluate performance against budget and provide recommendations for improvement.

Financial Reporting and Compliance:

  • Ensure accurate and timely financial reporting in accordance with applicable accounting standards and regulatory requirements.
  • Prepare and present financial statements, reports, and analysis to senior management, board of directors, and external stakeholders.
  • Oversee internal controls and ensure compliance with financial policies and procedures.

Strategic Financial Guidance:

  • Collaborate with senior management to develop and execute financial strategies that align with the organization's overall business objectives.
  • Provide financial insights and guidance to support key business decisions, investment opportunities, and risk management.
  • Evaluate and recommend financial strategies, such as mergers and acquisitions, capital investments, and cost optimization initiatives.

Cash Flow Management and Treasury:

  • Manage cash flow, liquidity, and working capital to ensure financial stability and support day-to-day operations.
  • Monitor and analyze cash flow projections, financial risks, and investment opportunities.
  • Oversee banking relationships, credit facilities, and debt management to optimize funding options.

Financial Systems and Process Improvement:

  • Evaluate and enhance financial systems and processes to ensure efficiency, accuracy, and scalability.
  • Identify opportunities for automation and streamlining of financial processes.
  • Collaborate with cross-functional teams to implement system enhancements and process improvements.

Risk Management and Compliance:

  • Identify and assess financial risks, develop risk mitigation strategies, and ensure compliance with financial regulations and internal controls.
  • Collaborate with internal and external auditors to facilitate audits and ensure adherence to audit requirements.
  • Develop and implement risk management policies and procedures to protect the organization's financial assets.

Team Leadership and Development:

  • Provide leadership, guidance, and mentorship to the finance team, fostering a culture of collaboration, professional development, and high performance.
  • Recruit and develop top talent, ensuring the team has the necessary skills, knowledge, and resources to meet financial objectives.
  • Conduct performance evaluations, set goals, and provide coaching and feedback to team members to drive their professional growth and development.

Stakeholder Engagement:

  • Collaborate with executive management, department heads, and external stakeholders on financial matters.
  • Provide financial analysis and insights for strategic planning and decision-making.
  • Build and maintain strong relationships with external partners, such as auditors, tax advisors, and financial institutions.


  • Master's degree in Finance, Accounting, or a related field. Professional certifications (e.g., CPA, CFA) are highly desirable.
  • Proven experience in financial leadership roles, within O&G industry and organization size.
  • In-depth knowledge of financial planning, analysis, and reporting principles and practices.
  • Strong understanding of financial regulations, accounting standards, and compliance requirements.
  • Strategic thinking and problem-solving abilities, with a track record of providing financial insights to support decision-making.
  • Excellent leadership, communication, and stakeholder management skills.
  • Strong analytical and quantitative skills, with the ability to interpret complex financial data and trends.
  • Proficiency in financial software and systems.
  • High ethical standards and integrity in financial management and reporting.
Note: you will be required to attach the following:
1. Resume / CV