Ref. JB1808752

Director of Finance - Real Estate Group - Jeddah, Saudi Arabia - SAUDI NATIONALS ONLY
First Resort Global Recruitment

Our client is a leading real estate and property group across the Middle East. They have an excellent reputation and are widely regarded as an excellent company to work for with strong expansion plans and new projects commencing throughout 2012.

We are looking for an experienced Director of Finance to join their team in Jeddah, Saudi Arabia.

OVERVIEW OF ROLE

The Director of Finance will be responsible for managing the overall financial needs of the company. He will direct and oversee the accounting, financial planning, analysis, budgeting, and treasury activities of the company. He will be responsible for the preparation and presentation of the company’s financial statements and budgets in accordance with the set objectives, targets, policies, procedures and controls.

The Director of Finance will participate as a member of the Executive Management Team and will report directly to the CEO of the company.

Reporting to: Chief Executive Officer (CEO)

Director Reports: Chief Accountant
Chief Financial Planning, Analysis & Budgeting Officer
Chief Treasury Officer
Contract Administrator
Department Secretary

KEY RESPONSIBILITIES

• Guide and direct the following functions:
 Financial Accounting, General Ledger, Accounts Payable, Account Receivable, Fixed Assets, Payroll, Project & Cost)
 Management Accountant (Financial Planning, Financial Analysis, Budgetary Control)
 Treasury Management (Cash Management, Facility Management and Insurance Management)
• Manage the daily operations/activities of the Finance department so as to encourage optimum utilization of its services by the entire Company
• Enhance and implement accounting and reporting guidelines, policies and procedures, for use throughout the Company
• Develop, implement and evaluate finance department goals and objectives. Develop and manage finance departmental budget
• Present the financial results to the Board of Directors
• Prepare, file and obtain the Zakat and Tax certificate with the assistance of the external auditor office, responding to all enquiries and concerns of the Zakat & Tax Department and implementing the applicable legal clauses
• Direct and oversee the preparation of the monthly management performance reports showing key performance indicators, trends, comments on budget variations, relevant outside information, risks and areas that require management attention. Present the reports to the CEO and Board of Directors
• Oversee the coordination between the company and the company’s Capital for the financial investment needs of the company’s projects
• Direct and oversee the preparation and consolidation of the company Budget (Master Budget). Present the consolidated budgets to the CEO for acceptance and to the Board of Directors for approval
• Contribute to the achievement of the company objectives through timely, sound and effective financial counsel to the CEO and the Board of Directors
• Work closely with the CEO to secure financial resources that satisfy the needs of the Company
• Assist in determining the expected returns required by equity investors, the expectations for return among equity investment alternatives, the risk variables identified by the investing community and the magnitude of these risks
• Review and comments on all major contracts and agreements covering the commercial part and risk factors
• Work closely with the CEO and executive committee to recommend the dividend distribution policy and time to the board for approval
• Assess the legal requirements and risk factors of the financial transactions executed and work closely with the CEO and legal office on monitoring and implementing them
• Support the Strategy & Business Development Department by reviewing feasibility studies to appraise feasibility and viability of new ventures/ business opportunities for the growth and diversification of the Company

Skills

ESSENTIAL REQUIREMENTS

• Bachelor’s degree in Accounting or Finance (Master’s Degree is preferred)
• A minimum of 15 years of related experience
• 5+ years Executive-level Finance & Accounting experience is required
• Professional certificate (i.e. CFA, CPA, CMA or CA) is preferred
• Must be a professional of unquestionable integrity, credibility, and character
• Real Estate industry experience is preferred
• Proficiency in both English and Arabic
• Open to Saudi Nationals only

KEY SKILLS

• Strong organizational skills and ability to coordinate organization-wide initiatives
• Strong interpersonal skills such as leadership, communication, persuasion, motivation, and loyalty
• Communication Skills
• Concern for Order & Quality
• Critical Thinking
• Decision Making Skills
• Developing Others
• Interpersonal Skills
• Leadership Skills
• Managing People
• Organizing and Planning Skills
• Self Confidence
• Teamwork

COMPENSATION & BENEFITS

Should be used as a guide only and will reflect interview performance and experience level.
• Up to 40,000 SAR per month (Base Salary)
• + Housing
• + Transportation
• + Insurance (VIP for all Family Members)
• + 30 Days Vacation

Company Profile

International Executive Search & Selection Headhunting firm specializing in the Middle East

We work with local, Arabic speaking, Western and international mid-senior level management professionals who are looking for new opportunities.

We work with leading organizations across the GCC region and therefore have exclusive opportunities to suit the wealth of professional candidates we work with.

We have specialist Recruiters globally covering the following areas:
• Financial Services & Banking
• Sales, Marketing, PR & Branding
• HR, Talent Development & Recruitment
• FMCG, Food, Beverage & Manufacturing
• Legal, Compliance, Risk
• IT, ICT, Telecoms, Digital, Mobile & Technology
• Luxury Resorts & 5* Hotels
• Oil and Gas
• Construction, Engineering & Property Development
• Luxury Brands & Retail

With new roles coming in daily we can offer a premier service to our candidates and clients helping each achieve the desired outcome.


FIRST RESORT GLOBAL RECRUITMENT
Leaders in Executive Level Recruitment worldwide