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Chief Financial Officer

Chief Financial Officer

CourseRiyadh, Riyadh Region, Saudi Arabia
5 منذ أيام
الوصف الوظيفي

Overview

Manage the finance function end-to-end for a growing SME that delivers IT infrastructure projects (focus on IFRS 15, %-of-completion) and software products (focus on IAS 38 development capitalization). The role balances hands-on accounting leadership with business partnering—tight month-end closes, strong cash discipline, clean audits, and disciplined budgeting / forecasting—while building fit-for-purpose controls, policies, and scalable processes for growth.

Duties / Responsibilities

  • Financial Reporting & Month-End Close

Lead timely monthly, quarterly, and annual closes; prepare management packs (P&L, BS, CF, dashboards) with analysis and commentary. Maintain a robust chart of accounts and ensure reconciliations (banks, AR / AP, accruals, prepaids, intercompany) are current and accurate. Coordinate annual financial statements under IFRS, working with external auditors.

  • Project Accounting & Revenue Recognition (IFRS 15)
  • Improve and streamline %-of-completion frameworks for IT infrastructure projects (input / output methods, cost-to-complete, WIP / contract assets & liabilities). Work with Delivery / PMO on Scope of Works, milestones, change orders, and evidence for revenue recognition. Monitor project margins, variances, contingencies, and EACs (estimates at completion); surface early warnings and recommend corrections.

  • Software Products & Intangibles (IAS 38)
  • Define capitalization policy for development costs (criteria, time capture, gates, documentation). Track intangible assets : capitalization, amortization schedules, and impairment triggers. Align with Product / Engineering on roadmaps, releases, and cost attribution.

  • Budgeting, Forecasting & FP&A
  • Run the annual budget process; manage rolling forecasts (12–18 months). Build driver-based models for revenue (pipeline, conversion, unit economics), OPEX, CAPEX, and headcount. Partner with business leaders to monitor performance vs. plan; recommend corrective actions.

  • Cash, Treasury & Working Capital
  • Own cash forecasting (13-week / ~ 1 Quarter and longer-term); optimize DSO / DPO / Inventory (if any) and the cash conversion cycle. Oversee collections, billing accuracy (including progress billing for projects and software licenses / subscriptions), and vendor terms. Manage cash flows and develop financing and borrowing plans and manage relationships with banks and financial institutions (e.g., letters of guarantee / credit). Establish practical policies for an SME : delegation of authority, procure-to-pay, order-to-cash, travel expenses, and petty cash. Implement preventive / detective controls; enforce segregation of duties (right-sized for a small team). Drive continuous improvement and document processes.

  • Tax, Zakat & Regulatory Compliance (KSA)
  • Ensure compliance with ZATCA (VAT / e-invoicing), Zakat / Corporate Income Tax (as applicable), and WHT on cross-border payments. Coordinate filings and respond to queries / audits with external advisors.

  • Systems, Data & Tooling
  • Administer the ERP / accounting system (currently using Odoo) with project accounting modules. Automate and streamline repetitive tasks.

  • Commercial Partnering
  • Support pricing, bids, and contract reviews (payment terms, penalties, performance guarantees). Evaluate project profitability, product ROI, and customer-level economics.

  • Team Leadership & Outsourced Partners
  • Coach a small team; manage external accountants, tax advisors, and auditors. Create a simple training and cross-coverage plan to reduce key-person risk.

    Qualifications

  • Bachelor's degree in Finance, Accounting, or related.
  • 8+ years of experience in a similar field working on project-based accounting (IT infrastructure, construction, or engineering) and / or software products; prior experience in auditing is a plus but not required.
  • SOCPA, IFRS Certification, or CPA / CMA preferred but not mandatory.
  • English and Arabic proficiency, both written and spoken.
  • Seniority level

  • Executive
  • Employment type

  • Full-time
  • Job function

  • Finance, Accounting / Auditing, and Administrative
  • Industries

  • IT Services and IT Consulting
  • #J-18808-Ljbffr

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