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GROUP FINANCE DIRECTOR / CFO
Leading Luxury Automotive Company
In Jeddah
ALL NATIONALITIES
yvette@firstresortrecruitment.com
Our client is a leading Automotive group specializing in Luxury cars, Buses and Auto leasing. They are expanding in 2010 and have a very strong reputation across the region.
We are looking for an experienced Senior Finance Leader to join their organisation in Jeddah as the Group Finance Director
Open to all nationalities Arabic nationals very welcome
Reports to: Direct reporting to the Group CFO
Supervises: Finance teams/ Managers
KEY RESPONSIBILITIES
Together with the Corporate Group COO & CFO, plan and implement financing, legal and business organizational strategies to ensure the Auto Groups growth is financed and structured in an optimal fashion
Support the Management Team to drive cultural change throughout as required to execute agreed upon business strategy
Develop/ evolve strategic plans for the Auto Groups financial organization
Drive the Budgeting & Balanced Scorecard processes with the business units. Ensure that these processes are used as key tools and progress measuring barometers to support business performance.
Timely and meaningful monthly, quarterly, annual financial reporting in the level of detail required by each internal and external user group. Driving to ensure once taken, key decisions/ actions are executed
Support the decision-making process by providing meaningful ad hoc analysis and by providing financial perspective on all commercial decisions
Drive effective cash flow management. Focus areas will include: capital efficiency management (working capital minimization and control; capex financial control management; capital employed barometers and strategies (with Corporate Group CFO)
As required, liaise with the internal and external stakeholders including business heads, government agencies, suppliers, lawyers, insurance companies, consultants & advisors, internal auditors, external auditors
Identify financial and business risk areas and leading actions to mitigate these risks. Focus areas will include but not be limited to:
o Driving internal control standards, procedures, practices consistent with business needs as required by the business and by other interested parties (management; government; internal & external auditors)
o Motors specific financial and accounting guidelines as required (including Credit, Cost Management, Transfer Cost, CAPEX, Accounting, Risk Management) as well as ensuring their consistency across business units
o Ensure adequate insurance coverage and maximizing claim recovery
o Ensuring effective compliance with policies and procedures
o Ensuring adequate legal review policies of all contracts are in place and functioning
o Participating in negotiations and reviews of all key contracts before finalization
o Ensuring that all matters pertaining to any applicable taxation (i.e. Zakat; withholding taxes; etc) including planning, payment , legal matters/ arbitration are being done in a proper, optimal and timely manner
o Ensuring significant foreign exchange exposures are properly hedged
o Work towards a Shared Services concept at Motors Group level
Working with business unit finance teams to support their business; actively mentor and develop the team members.
ESSENTIAL REQUIREMENTS
Bachelors degree in accounting/ finance and a professional accounting qualification i.e. ACCA, CA, CMA, CPA
At least 15 years experience
8 years at Managerial level (CFO, Finance Director or Group Controller level - department, business unit; division; subsidiary; company; etc)
Experienced within an extensive multi site environment where you have worked both at unit level in the field as well at Corporate level
Must have extensive Auto Dealer hands on experience
Must have strong understanding of complex, large inventory, widely dispersed supply chain (including Service & Parts)/ logistics situations with customer focus (internal and external) in fast growing, fast changing situations
Arabic speaker ideal but not mandatory. Would consider candidates with Middle East or other countries experience as long as they have the rest of the required experience
Thoroughly conversant with consolidations and accounting
Past organizations should be large and complex preferably with matrix organizational structures
Should have managed the Finance for at least 25,000 units per year
Should have solid ERP experience SAP, Auto Line, Kerridge, Oracle preferred
Should have very strong English communication skills
KEY SKILLS
Outstanding leadership skills coupled with high energy, integrity and passion
An inspiring leader with enthusiasm, focus and drive
Will have a collaborative management style with a strong sense of humour
Will posses outstanding communication skills with the ability to influence at all levels
Cultural awareness and business sensitivity will be essential.
Firm view on matters but tactical in approach with ability of modifying approach based on who he is communicating with
BENEFITS
Salary should be used as a guide only and will reflect experience levels and interview performance
Salary Range: Up to 35,000 - 43,000 SAR per month Basic
In addition to this: Housing (25% of basic) + Transport (10% of basic)
Full range of additional Benefits including: annual family trip to home country, medical, school fees etc
Bonus Structure- 3 months basic salary based on targets
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