Chief Financial Officer

Overview

The Chief Financial Officer (CFO) is a senior executive responsible for managing the financial actions of a company, overseeing financial planning, risk management, and ensuring the accuracy of financial reporting.

Main Duties & Responsibilities

• Develop systems and procedures to ensure the efficient and effective management of the company’s finances and compliance with statutory requirements.
• Direct and control Finance staff to ensure that they are appropriately motivated and trained and carry out their responsibilities to the required standards.
• Produce accurate and timely financial information about the company’s financial status and performance to enable decisions to be taken relating to the company’s financial strength and security.
• Produce all necessary statements and reports to enable the accurate measurement of cash flow, profit and loss, assets & liabilities.
• Develop and monitor all necessary controls to ensure that the company complies with statutory requirements.
• Act as the main point of contact with external auditors and provide them with all required information.
• Act as the main point of contact with General Authority Zakat & Tax and provide them with all required information.
• Ensure timely submission of relevant periodic VAT & Zakat returns.
• Carry out any necessary internal audit reviews and monitor the financial effectiveness of systems and controls.
• Recommend any changes necessary to improve the company’s financial performance and financial controls.
• Keep up to date with any developments in financial management which might affect how the company’s finances are managed or its statutory obligations.
• Managing the financial forecasting and budgeting process.
• Manage all accounting operations including Billing, A / R, A / P, GL and Counsel, Cost Accounting, Inventory Accounting and Revenue Recognition.
• Support month-end and year-end close process.
• Ensure quality control over financial transactions and financial reporting.
• Coordinating and directing the preparation of the budget and financial forecasts and report variances.
• Preparing and publishing timely monthly financial statements.
• High-level financial reporting and analysis.
• Regular budget consolidation.
• Cash flow management.
• Pricing and costing for projects and bid proposals.
• Provide support to relevant departments within the organisation including Human Resources, Bid Management and Business Development with issues relating to finances.
• Capital Financing - including Government Grants and Private Banking.

Job Requirements

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