1867 - Finance Director
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CompanySawafi
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Job FamilyFinance
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CityKSA - Khobar
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DepartmentFinance
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Closing Date30-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.
Qualifications
Qualifications:
- 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:
- Resume/CV