The role is responsible for establishing and leading a robust finance function, ensuring sound financial governance, compliance, and transparent reporting in line with shareholder expectations and applicable local and international standards.
Finance Strategy & Leadership
- Develop and execute a comprehensive finance strategy aligned with the Company's overall business strategy, shareholder expectations, and long-term growth objectives. Ensure the finance function enables value creation, capital efficiency, and sustainable financial performance.
- Establish, lead, and continuously develop a fit-for-purpose finance function for the newly formed joint venture, ensuring scalability and alignment with the company's strategic objectives
- Develop, implement, and maintain accounting policies, financial controls, and procedures in accordance with IFRS, shareholder requirements, and international best practices.
- Lead the integration and harmonization of the finance functions of the two existing operating entities, including systems, processes and financial controls into a single, efficient operating model.
- Leadcorporate finance, treasury and funding activities, including cash flow management, working capital optimization, liquidity planning in compliance and engagement with banks and financial institutions
- Ensurethe efficient and compliant operation of core finance functions, including Accounts Payable, Accounts Receivable, General Ledger, Zakat and Tax, Budgeting and Business Planning, supported by robust systems, processes, and capable teams.
Financial Advisory& Decision Support
- Act as the principal financial advisor to the CEO, Board of Directors, and Shareholders, providing timely, accurate, and insightful financial reporting, analysis, and recommendations on all financial matters
- Partner with the CEO, C-Suite executives, and Operations leadership to developbusiness plans, annual budgets, and financial forecasts; monitor performance against approved plans and provide clear explanations of variances.
- Oversee the preparation and presentation of monthly, quarterly, and annual financial management reports for the Board, ensuring transparency, accuracy, and insights to support decision-making effectiveness.
Capital Projects, Investments & Portfolio Oversight
- Oversee all financial aspects of capital projects, investments, asset divestments, and contract evaluations, ensuring disciplined capital allocation, robust financial analysis, risk assessment, and alignment with approved return thresholds and strategic priorities.
- Identify, assess, and mitigate financial risks across the business, including liquidity, credit, market, contractual, and compliance risks. Ensure appropriate risk frameworks, controls, and reporting mechanisms are embedded across operations.
Financial Performance & Reporting
- Drive financial discipline across the organization to achieve approved targets and improve profitability and capital efficiency.
- Actively manage and optimize key financial performance metrics including working capital adequacy, cash flows performance, EBITDA, net income, and revenue growth.
- Ensure the timely preparation of statutory financial statements and lead all external and internal audit processes, including coordination with auditors and implementation of audit recommendations.
- Design and maintain a comprehensive authority matrix and financial delegation framework for Board approval, ensuring appropriate governance, risk management and strong internal controls.
- In collaboration with the CEO, support the development, approval, and ongoing monitoring of KPls and performance targets for the company and executive leadership.
- Structure, negotiate, and manage financial aspects of performance guarantees, bonding arrangements, insurance programs, and other risk-related commitments arising from contracts and projects.
Financial Control & Governance
- Oversee the selection, implementation, and governance of financial systems and accounting software, while ensuring compliance with cybersecurity and data protection requirements.
- Ensure full compliance with all statutory reporting, corporate filings, and company administration requirements in accordance with Saudilaws and regulations.
- Ensure compliance with all local and international tax obligations, including Zakat, corporate taxes, and indirect taxes, and oversee the timely submission of all required filings.
- Design, implement, and continuously enhance strong financial controls, policies, and governance frameworks to safeguard assets, ensure compliance with IFRS and local regulations, and uphold the highest standards of financial integrity.
Education: Degree from a major international university, qualified chartered accountant with experience at are puttable internationally recognized audit firm or CFA with experience in industry.
Experiences: At least 15 years experience in the finance function of a large organization, 5 of which should be as finance director, head of finance or CFO. Would consider lateral hires with accounting qualifications from Big 4 accounting firms, major international consultancies or an international investment Bank.
Knowledge of the maritime industry and the shipyard sector is a key advantage.
Experience of working in the middle east is an advantage.
