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Finance Director

15.00 to 20.00 Years   Dammam, Saudi Arabia   21 Apr, 2025
Fircroft
500 Jobs Openings
Job LocationDammam, Saudi Arabia
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryFinancial Services
Functional AreaNot Mentioned

Job Description

Duties & Responsibilities:

  • Oversee the development and implementation of business plans and budgets for the company and its associates.
  • Ensure alignment with corporate strategy and direction.
  • Manage investment requirements and provide financial assessments for new ventures.
  • Offer financial and operational advice to optimize resources.
  • Define and oversee financial strategy, including treasury, planning, and investments.
  • Direct operational and investment plans to ensure liquidity while minimizing interest expenses.
  • Negotiate and optimize bank facilities based on company needs.
  • Analyze external influences (interest rates, competition, etc.) to advise management on performance optimization.
  • Design and implement a profit center for foreign exchange optimization.
  • Assist in selecting an audit firm to ensure timely and high-quality audits..
  • Develop departmental policies and processes for operational excellence.
  • Approve the design of the common chart of accounts.
  • Build and maintain a financial system covering accounting, purchasing, and inventory management.
  • Direct budgeting, risk mitigation, and reconciliation processes across departments.
  • Provide leadership and support to Finance & Accounting employees to ensure effective workflows.
  • Assess business processes for compliance with international standards.
  • Provide financial support to all departments.
  • Review sales invoicing, collections, and credit control processes.
  • Implement an internal auditing process to detect and resolve potential fraud.
  • Ensure timely and accurate financial reporting to stakeholders.
  • Coordinate with HR for staffing and resources in Finance & Accounting.
  • Conduct periodic performance reviews of the Finance team.
  • Prepare projected cash flow statements and manage banking facility requirements.
  • Set and monitor KPIs annually for financial activities.
  • Conduct performance appraisals for the finance and accounting teams, managing disciplinary actions when necessary.
  • Perform monthly variance analysis and recommend corrective actions.
  • Manage receivables, payables, and inventory to optimize working capital.
  • Develop policies for Fixed Asset Management including tracking and disposal.
  • Review employee expense claims and implement relevant policies.
  • Coach the Finance team to enhance skills and address business needs.
  • Handle any other tasks assigned by the CFO.

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