Chief Financial Officer (CFO001)

Overview Foreground is partnering with a prominent infrastructure investment and development group in the Kingdom of Saudi Arabia to identify a seasoned Chief Financial Officer to lead the full financial function of a Special Purpose Vehicle (SPV) established to deliver a major capital project. The appointed CFO will report directly to the CEO and Board of Directors, acting as the financial steward of the entity and a strategic business partner to its stakeholders. The role is positioned at the heart of a complex multi-stakeholder project, with a mandate to oversee the full finance lifecycle from capital structuring to reporting, compliance, and long-term financial performance. The ideal candidate brings a strong foundation in project finance, SPV governance, and financial leadership within capital-intensive sectors such as infrastructure, energy, or construction.

Key Responsibilities

Strategic Financial Leadership

Define and implement the SPV's financial strategy, ensuring full alignment with project objectives and partner expectations.

Serve as the principal financial advisor to the CEO and Board, providing insights into investment decisions, risk exposures, and commercial strategy.

Support strategic negotiations with banks, institutional investors, and financial sponsors.

Project Financing & Capital Structuring

Lead the structuring and securing of financing packages, including debt, equity, export credit arrangements, and government guarantees.

Ensure full compliance with financing agreements, covenants, and lender reporting requirements.

Act as the primary liaison with financial institutions and funding partners.

Financial Planning, Analysis & Reporting

Oversee the preparation of robust financial models, forecasts, and multi-year business plans.

Lead the budgeting process and implement controls to ensure accurate financial planning and execution.

Monitor key financial metrics and operational KPIs to inform decision-making and improve performance outcomes.

Prepare and present timely, accurate financial reports to internal and external stakeholders, including regulatory authorities.

Governance, Compliance & Risk Management

Establish and maintain financial controls, policies, and procedures that ensure fiscal integrity and transparency.

Lead audits and ensure compliance with local and international financial reporting standards.

Identify financial risks and implement mitigation strategies across project phases.

Board & Stakeholder Engagement

Represent the SPV in Board meetings, partner briefings, and financial reviews.

Manage relationships with auditors, legal advisors, regulators, and external stakeholders.

Drive alignment between SPV operations and partner / shareholder expectations.

Leadership & Team Development

Build and lead a high-performing finance team aligned with the long-term needs of the SPV.

Foster a culture of accountability, integrity, and operational excellence.

Candidate Profile

Education & Credentials

Bachelors degree in Finance, Accounting, Business Administration, or related discipline.

MBA, CPA, CFA, or an equivalent professional certification is highly preferred.

Experience & Sector Exposure

Minimum 10 years of experience in senior finance leadership roles.

Proven experience managing the financial function of large-scale SPVs or capital projects, ideally in infrastructure, real estate development, or industrial construction.

Deep understanding of project finance, joint ventures, investment structuring, and multi-party governance.

Skills & Attributes

Exceptional financial modeling, analytical, and commercial acumen.

Strong negotiation and stakeholder management skills across private and public sector interfaces.

High standards of professionalism, integrity, and operational discipline.

Confident board-level communicator and strategic thinker with hands-on execution capability.

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