Chief Financial Officer

Responsibilities:
* Development & implementation of a strategy for the Finance function, which is consistent with the overall Company strategy and supports the short & long term objectives of the business. Ensures adherence to all relevant accounting standards and best practice. In doing so, ensure that the Finance function is positioned as a key service provider and partner to the business.
* Develop and execute a strategy to help the company in Listing to main market in line with the company strategy and BOD vision
* Direct & finalisation of the annual budget & business plan in line with Company objectives & strategies, and within the designated timeframes.
* Direct & facilitate the preparation and consolidation of the annual and long-term Capital, Operating & Revenue budgets and business plans ensuring adherence to the Company's strategic objectives & goals, and compliance with requisite guidelines and time targets.
* Oversee operating budgets and exercises controls to ensure expenditure do not exceed budgetary limits.
* Monitor that all departments are working within established budgetary parameters.
* Ensure that the Company has the required funds to finance its agreed budgets , projects and activities at suitable terms and conditions by:
o Ensuring that appropriate systems & processes are in place for the timely &
accurate identification of funding requirements.
o Recommending the best capital structure for the company. o Planning and
implementing appropriate shifts in strategy for fund-raising from time to time
in line with the Company's growth and business progress.
o Establish and maintain effective relationship with the banks and other
financial institutions.
* Review the monthly bank reconciliations to ensure that all reconciling items are cleared and the accounting books & records are updated on a timely basis to reflect all cash and bank transactions. Manage verification and reconciliation tasks for invoices/receipts/balances of departments.
* Support in working capital management
* Ensures financial systems and controls are in place and operating effectively.
* Meet the shareholders and statutory financial reporting requirements by directing the preparation of financial statements and ensuring that accounting records are prepared and maintained in accordance with the Company's accounting policies, SOCPA accounting standards, IFRS etc, the timely and accurate preparation, presentation and delivery financial statements as per Accounting Policy requirements, expected standards and agreed deadlines/timeframes., and smooth completion of external audit
* Ensure that there is an appropriate internal control framework in place within the Company to effectively manage Key Business Risks and safeguard the Company's assets.
* Ensures all financial records are maintained in a manner acceptable to applicable government regulations.
* Ensure that the Company operates in an environment of strong Corporate Governance and in particular ensure timely and effective compliance with all
o Audit obligations (internal or external).
o Taxation legislation & regulations, zakat regulation as they relate to the
Company (including all tax compliance/ filing, payment & other obligations)
* Ensures appropriate risk management, insurance and business continuity programmes, systems and processes necessary to mitigate financial and operational risk are in place and operating.
* Ensure that there are appropriate processes and systems in place to monitor and report on actual financial performance of Company operations against approved budgets in order to ensure that business is delivering both the required and expected financial returns to the Company.
* Ensure that there are appropriate & accurate processes and systems in place to support the pricing of the Company's products.
* Keep abreast of changes or developments in International Accounting Standards, Taxation Legislation & regulations as well as Company law and corporate governance standards. Understand the implications of any such changes & developments for company, and plan & manage change where required.
* Provide support in developing and implementing finance related authority matrix of the company. Ensure that Authority Matrix is updated.
* Provides strategic financial input and leadership on decision making issues affecting the Company.
* Direct & co-ordinate the overall planning, organizing, and execution of all financial information systems within the Company.
* Provides effective financial and commercial support across the organisation to improve financial performance of the company.
* Ensure that there are appropriate processes and systems in place to monitor and report on actual financial performance of Company projects against approved budgets in order to ensure that proposed and approved projects are delivering both the required and expected financial returns to the Company.
* Oversee financial appraisal of business opportunities to ensure that investments are made in line with the criteria approved by the CEO.
* Evaluate financial information detailing assets, liabilities, and capital, and prepares balance sheet, profit and loss statement, and other reports to summarize current and projected company financial position.
* Ensure that the fixed asset records and related depreciation accounts are maintained and all transactions relating to fixed assets including acquisition, disposal, depreciation etc are reflected in the accounting books.Lead special projects (feasibilities) like the creation of new sub-companies, sub-franchising, Master Franchising, JV's and M&A to ensure that they are carried out smoothly by:Directing the development of a ‎2 to ‎5 year plan linking the projects with corporate strategy.
* Guide, motivate, coach and train subordinate staff so that they perform to the best of their ability and produce quality work. Responsible for the identification of "career paths" for, and the ongoing development of, subordinates.
* Agrees performance objectives & KPIs with direct reports and ensures the same is converted to all units/functions.
* Ensure Management appraisals are completed annually

Other Requirements:
* Recognised professional qualifications such as ACA (Chartered Accountant), ICAEW, CPA or equivalent Degree.
* Minimum ‎15 years relevant work experience in the Finance and Accounting area. Spent last ‎5 years in a very senior Finance role within a large corporate with listed company.
* Article ship from Big Four Audit firm.
* Must have at least one Listing experience within Saudi Arabia.
* Knowledge of accounting standards (SOCPA + IFRS), Retail industry, Implementation of financial initiatives, Corporate Finance etc.
* Strong relationship and communication skills.
* Superior financial and commercial acumen.
* Analytical mind and decision-making ability.
* Strong strategic thinking capability.
* Strong leadership style that develops trust and respect.