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Our client is a respected name in the field of homewears, carpets & rugs. The group has a long tradition in making carpets, thanks to the expertise they have gained over half a century. Today the company is regarded highly, not only in its home base of Saudi Arabia but also across all continents where their products are being used.

It has 3 carpets & rugs factories and from their early success they opened their first thread factory in 1996.

We are now looking for an experienced Chief Financial Officer for their expanding team.

JOB DETAILS:

·         Participating in setting the company vision, mission and long and short terms strategic direction

• Participate in suggesting the expansion plans of the business and recommending actions to ensure long term organizational and financial effectiveness

• Participating in setting policies and strategic objectives as well as endorsing business programs and plans for the company

• Managing and overseeing the activities of finance, resources, and providing high level of support to the staff to enable the company of achieving competitive advantage

·      Establish control function and approval procedures and performance reports, P&L’s, making needed decision in addition to achieving company’s financial

·      Following-up the company assets and resources and ensuring full utilization of them

·      Build a treasury and credit management function

·      Establish strategic relationships with banks and ensure compliance with covenants

·      Review accounting structures, management accounts and allocation keys

·      Coordinate budgeting, business planning and performance measurement efforts

·      Streamline monthly, quarterly and annual financial close and reporting process across group

·       Manage a team of 5 – 6 finance staff

·      Optimize costs to make sure organization remains lean

·      Lead M&A evaluations and undertakings

·      Supervise and strengthen the IT function

·      Roll-out a new ERP or appropriate replacement system

·     Roll-out with operations a total-cost manufacturing process and system

·     Roll-out a sales / inventory management system for retail stores

·     Supervise negotiations of key contracts

·     Preparation company for an IPO

·     Manage board and investors relations

·     Establish relationships with auditor and 3rd parties

ESSENTIAL REQUIREMENTS:

·    Industry Experience: Retail /manufacturing, wholesale experience

·    Preferably worked in a large-scale multi-nationality based business.

·    Total Experience: 15-20 years including at least 4 years as a CFO

·    Education: CIMA, CA, ACCA, CPA

·    Class ranking in a reputable MBA or MS in finance / accounting

KEY SKILLS REQUIRED:

·    Strong communication and organizational skills

·    Qualified in contract negotiations, especially regarding bank facilities

·    Building successful business relations

·    Establishing program goals and objectives that support the strategic plan

·    Commercial sense

·     Familiar with Profit & Loss statement, Budgeting, Production planning & cost control

·    Leadership and Decision Making

·    Strategic and Analytical Thinking

·    Monitoring KPIs and work plans

·    Managing cultural change and development

·     Qualified in finance, accounting, treasury, control and GAAP

·     Manufacturing control

·    Prioritized and execution oriented

·    Seasoned in accounting structures, management accounts and allocation keys

·    Able to analyze data and prepare financial reports, statements and projections

·    Experienced in total-cost manufacturing and process flows

·    Familiar(with IT business process applications) in IT with regard to accounting, manufacturing and supply-chain

·    Exposure to the upgrade of roll-out of an ERP system

·    Good internal and external communicator in view of an IPO

·    Able to lead an IPO in 2-3 years with support

·    Problem solving / analytical skills

BENEFITS:

• Salary Package: 20-30k SAR per month / $60-95k USD per annum + benefits

• The above salary is to be used a guide only. The salary will depend on experience levels, qualifications and interview performance
• Package includes high quality transport and accommodation allowance
• Visa arranged