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Chief Financial Officer - Shear International Co. Ltd

Chief Financial Officer - Shear International Co. Ltd

Qureos IncJeddah, Makkah Province, .SA
30+ days ago
Job type
  • Quick Apply
Job description

Financial Strategy & Planning

  • Develop and implement financial strategies aligned with the company’s goals and industrial operations.
  • Lead budgeting, forecasting, and long-term financial planning processes, with focus on production costs and raw material volatility.
  • Analyze financial risks and develop mitigation strategies, particularly in relation to foundry operations, energy usage, and scrap metal pricing.

Financial Operations & Reporting

  • Oversee accounting, treasury, tax, and financial reporting functions.
  • Ensure accurate monthly, quarterly, and annual financial statements in compliance with local regulations and international standards (IFRS / Saudi GAAP).
  • Monitor working capital, cash flow, and liquidity to support smooth production and procurement cycles.
  • Prepare cost analysis and variance reports for manufacturing and casting operations.

    • CapEx, Investments & Projects

  • Evaluate financial viability of capital investments, including machinery upgrades, expansions, and infrastructure projects.
  • Lead feasibility and ROI assessments of new product lines or strategic partnerships (e.g., international collaborations).
  • Supervise financing activities including LCs, project financing, and refinancing plans in coordination with banks and investors.

    • Procurement & Supply Chain Support

  • Partner with supply chain and procurement teams to ensure cost-effective purchasing strategies, particularly for scrap, ferroalloys, and consumables.
  • Analyze vendor contracts, payment terms, and price trends to optimize procurement spend.

    • Governance, Compliance & Audit

  • Ensure adherence to financial laws, tax regulations, and internal policies.
  • Liaise with external auditors, banks, government authorities (e.g., ZATCA, MISA, SAMA) for financial and compliance matters.
  • Oversee risk management, insurance, and internal controls tailored to foundry operations.

    • Leadership & Team Management

  • Lead and develop the finance team, including accountants, controllers, and analysts.
  • Promote cross-functional collaboration with operations, production, and logistics departments.
  • Report to the CEO and Board of Directors on financial performance, risks, and strategic financial initiatives.

    • Qualifications & Requirements :

  • Bachelor’s degree in Accounting, Finance, or Economics (MBA or CPA / ACCA preferred).
  • 10+ years of financial leadership experience, preferably in heavy manufacturing or industrial sectors.
  • Strong knowledge of cost accounting, industrial budgeting, and CapEx planning.
  • Experience with ERP systems (e.g., SAP, Oracle, or local foundry ERP software).
  • Deep understanding of financial compliance in Saudi Arabia, including VAT, Zakat, and SAMA guidelines.
  • Excellent leadership, analytical, and communication skills.
  • Bilingual (Arabic and English) preferred for effective coordination with local and international partners.
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    Chief Financial Officer • Jeddah, Makkah Province, .SA