Chief Finance Officer (CFO)

About this opportunity

*Job Title:* Chief Finance Officer (CFO) *Department:* Finance *Location:* Kingdom of Saudi Arabia *Employment Type:* Full-Time *Industry:* Construction | Contracting | Interior Fit-Out | Project-Based Businesses *Minimum Experience:* 20+ Years *Senior Leadership Experience:* Minimum 7–10 years as CFO / Finance Director / equivalent *Job Summary* We are seeking an experienced, strategic, and commercially driven *Chief Finance Officer (CFO)* to lead the company's finance, treasury, commercial finance, risk, compliance, and financial planning functions. The ideal candidate must have a strong background in *construction, contracting or high-end interior fit-out*, with extensive knowledge of the *Saudi Arabian market*. The CFO will work closely with the Finance Manager, Managing Director, Procurement, and Project teams to improve profitability, cash flow, financial controls, and sustainable business growth. *Key Responsibilities* *1. Strat*_*egic Financial Leadership*_ * _Develop and execute the company's financial strategy, budgets, forecasts, and long-term business plans._ * _Advise the finance manager and Board on profitability, investments, expansion, financing, and business risks._ * _Establish financial KPIs and ensure strong financial discipline across the organization._ *2. Project Finance & Cost Control* * Monitor project budgets, revenue, gross margins, Cost-to-Complete (CTC), and Estimate-at-Completion (EAC). * Identify margin erosion, cost overruns, and financial risks at an early stage. * Review tender pricing and provide financial and commercial risk assessment before contract award. * Work closely with Project and Commercial teams on variations, claims, FIDIC contracts, and final accounts. *3. Cash Flow & Working Capital* * Manage company-wide cash flow, working capital, collections, and liquidity. * Ensure timely milestone invoicing, certification, and collection from clients. * Monitor receivables, overdue payments, advances, and client retentions. * Manage supplier and subcontractor payment cycles while protecting project delivery and company liquidity. *4. Banking & Treasury* * Maintain strong relationships with Saudi banks and financial institutions. * Manage credit facilities, overdrafts, project finance, LCs, performance bonds, advance-payment guarantees, and other banking facilities. * Optimize financing costs and ensure adequate banking capacity for project execution and business growth. *5. KSA Tax, Compliance & Governance* * Ensure compliance with ZATCA, VAT, Zakat, e-invoicing, GOSI, Saudization/Nitaqat, and applicable Saudi regulations. * Ensure financial reporting complies with IFRS. * Lead internal and external audits and maintain strong internal controls and risk-management procedures. *6. Financial Reporting & Management Information* * Prepare accurate monthly management accounts, financial dashboards, cash-flow forecasts, and Board reports. * Monitor revenue, EBITDA, project margins, backlog, receivables, working capital, and financial performance. * Provide clear recommendations and corrective actions to senior management. *7. Odoo ERP & Digital Transformation* * Strong hands-on experience with Odoo ERP is mandatory. * Experience in Odoo Finance/Accounting, Projects, Procurement, Inventory, Sales, and reporting modules is highly preferred. * Lead Odoo implementation, optimization, integration, and financial reporting improvements. * Ensure Finance, Procurement, Projects, Contracts, Inventory, and Operations are effectively integrated through Odoo. *8. Leadership* * Lead and develop the Finance, Accounting, Treasury, Tax, and Commercial Finance teams. * Establish strong financial policies, procedures, approval controls, and performance standards. *Qualifications & Experience* * Master's degree in Finance, Accounting, Business Administration, Economics, or Civil/Construction Engineering with a strong business focus. * *MBA is highly preferred*. * *Active professional certification mandatory – CPA, CMA, ACCA, CA, or equivalent.* * Minimum 20 years of overall professional experience. * *Minimum 7–10 years in a CFO*, Finance Director, Group Finance Director, or equivalent senior leadership position. * *Strong experience in construction, civil contracting or high-end interior fit-out,* MEP, or project-based businesses. * Extensive knowledge of the KSA market, Saudi banking, procurement practices, ZATCA, and FIDIC contract frameworks. * Proven experience managing project profitability, working capital, cash flow, claims, variations, and commercial risks. * Odoo ERP experience is mandatory, preferably with implementation and optimization experience. * Excellent written and spoken English; Arabic is highly preferred. *Key Competencies* * Strategic and commercial financial leadership * Construction project finance and cost control * Cash-flow and working-capital optimization * Banking and treasury management * Contract and commercial risk management * ZATCA and KSA regulatory compliance * Odoo ERP and digital finance transformation * Strong analytical and negotiation skills * Excellent leadership and stakeholder-management skills * High integrity, accountability, and decision-making ability Work Location: In person