The Company:
A leading logistics provider in the UAE and has recently expanded to KSA
The Role:
To oversee all financial aspects of business and drive the company’s financial strategy and planning. The candidate will be responsible for assessing the financial performance of the company as well as possible risks and investments.
The Head of Finance will report to the CEO and will be based in KSA, with travels to UAE.
Major Responsibilities:
- Drive the financial planning of the company by regularly analyzing its performance and risks with appropriately defined KPIs
- Retain constant awareness of the company’s financial position and act to prevent problems (defaulting clients/bad debt)
- Allocate resources and manage cash flows, and ensure it has the appropriate treasury controls
- Prepare timely and detailed reports on financial performance and results on a quarterly and annual basis to be presented to the Board
- Develop budgets that meet the requirements of company departments
- Prepare monthly /quarterly / annual forecasts (P&L, BS and CF)
- Conduct profit and cost analyses for existing and new projects to be implemented
- Evaluate and decide on investments
- Supervise the financial and accounting team
- Oversee the annual audit with the group’s external auditors and ensure all accounting activities and internal audits comply with financial regulations
- Conduct risk management, develop secure process and procedures to maintain information collected and stored accurately and confidentially
- Manage the tax and legal matters of the company
- Oversee the financial IT systems
- Develop the corporate funding strategy and manage relationships with partners, banks, and investors to optimize financing of the company’s operations and capex
- Prepare board meetings and investment decks
- Provide the CEO with financial insights to make business decisions and support him in developing the long-term strategy with an operating and business plan
- Nurture existing banking relationships, manage the company’s borrowing arrangements (covenants, interest rate, hedging arrangements, etc.) and build new banking partnerships
Qualifications & Desired Skills:
- Proven work experience as a Head of Finance, Director of Finance or similar role (10 years+ work experience in finance required)
- In-depth understanding of cash flow management, bank reconciliation and bookkeeping
- Hands-on experience with budgeting and risk management
- Excellent knowledge of data analysis and forecasting models
- Proficiency in accounting software
- Solid analytical and decision-making skills
- Communication and negotiation skills; organizational, strategic and leadership abilities
- BSc/BA in Accounting, Finance or relevant field
- MSc/MBA or relevant certification (e.g. CFA/CPA) is a plus
- Fluent in English and Arabic
- Experience in supply chain / logistics and investment background are appreciated
- Preferably already based in KSA