Chief Financial Officer - Shear International Co. Ltd

Qureos IncSaudi Arabia, Saudi Arabia

30+ days ago

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 • Saudi Arabia, Saudi Arabia

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