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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 Group’s 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 Group’s 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.

• 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

To apply in confidence please email your CV to yvette@firstresortrecruitment.com

 
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